This market research report includes a detailed segmentation of the global vacuum heat treatment market by end-users (aerospace, automotive, industrial, and commercial sectors). It outlines the market shares for key geographies such as APAC, Americas, and EMEA. The key vendors analyzed in this report are ALD Vacuum Technologies, ECM Technologies, Ipsen International, and Seco/Warwick.
Technavio has released a new market research report on the global vacuum heat treatment market, which is expected to grow at CAGR of 6% by 2020. Vacuum heat treatment is a controlled process used to adjust the microstructure of materials such as metals and alloys. This process enhances the physical properties of the metal. The deployment of vacuum heat treatment ensures quality and increased manufacturability. APAC is the largest market for vacuum heat treatment market, thanks to increased investments in the manufacturing sector.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Companies are striving to reduce their product life cycle cost of operations, and environmental footprint, and hence, they are forced to bring in innovations according to market needs. For instance, ALD Vacuum Technologies launched a new vacuum heat treatment product “SyncroTherm”. SyncroTherm is integrated into manufacturing work center, and its use has resulted in dramatic cost reductions in component manufacturing,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
The aerospace sector accounts for nearly 52% of the overall market share. Any deformation in the structural properties of a metal case can cause tragic accidents of the aircraft. Hence, precision is an important factor in the manufacturing of aerospace components. To avoid accidents, companies across the aerospace sector are using the latest vacuum heat treatment furnaces in their plants.
The leading vendors in the global vacuum heat treatment market are ALD Vacuum Technologies, ECM Technologies, Ipsen International, and Seco/Warwick. International vendors have developed a wide range of energy-efficient vacuum heat treatment solutions and are offering products for almost all end-user applications. Also, the market has many local vendors that are mostly catering to demand from a particular end-user application. This has resulted in a stiff competition in the market.
A more detailed analysis is available in the Technavio report Global Vacuum Heat Treatment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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