According to the latest report by IMARC Group, titled “Vacuum Ovens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global vacuum ovens market reached a value of US$ 199.4 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 304.8 Billion by 2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Vacuum ovens are specially designed versatile ovens that dries or heats hygroscopic and heat sensitive substances inside an airtight vessel. They employ the heat-treating procedure, which aids in preventing surface oxidation, reaction, desiccating, electroplating, surface contaminants, residual lubricant traces, and dissolved polluting components from metals. On account of these properties, vacuum ovens find extensive applications in laboratory research and engineering. Currently, they are commercially available in varying types, such as squaroid and multi-module vacuum ovens.
The extensive utilization of vacuum ovens for extracting butane hash oil (BHOs) from cannabis after its legalization in different parts of the globe is one of the prime factors driving the market growth. Moreover, due to its excellent temperature uniformity, vacuum ovens are being widely adopted in the healthcare sector for removing chemicals from the surfaces of medical devices, which, if left untreated, can be hazardous for human health. This is acting as another growth-inducing factor. Other factors, including rapid technological advancements, such as the introduction of advanced temperature controllers with lower energy consumption, along with the extensive product utilization for comprehending the reaction of various devices in high vacuum environments, are creating a positive outlook for the market.
Vacuum Ovens Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the vacuum ovens market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Cole-Parmer
- Memmert
- MTI
- Sheldon Manufacturing
- Thermo Fisher
- Accumax India
- BINDER
- Cascade TEK
- ESPEC
- Grieve
- JEIO
- SalvisLab Renggli
- Shanghai Hasuc Instrument
- Ted Pella
- Yamato Scientific
Key Market Segmentation:
The report has segmented the vacuum ovens market on the basis of product type, application and region.
Breakup by Product Type:
- <200
- 200-300
- >300
Breakup by Application:
- Home Appliances
- Commercial Appliances
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/vacuum-ovens-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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