This market research report presents a detailed segmentation of the global vacuum ovens market by geography (Americas, APAC, Europe, and MEA). The key vendors analyzed in this report are Cole-Parmer, Memmert, MTI Corporation, Sheldon Manufacturing, and Thermo Fisher.
Technavio has released the publication of its new market research report, global vacuum ovens market, which is expected to grow at a CAGR of around 8% between 2015 and 2019. Growing need for better thermal environment during the drying process is driving this market’s growth. The Americas dominate the global market for vacuum ovens, accounting for around 40% of the total market share. Replacement demand for lab equipment is expected to be the key driver for the growth of the market in the developed countries of the region.
“The market is witnessing technological changes aimed towards enhancing the safety, functionality, and customization of vacuum ovens. These ovens have gained digital control enabling the operator to data log, maintain quality, prevent unintended access, and ensure consistency in drying batches. Vendors are incorporating built-in safety controllers, flame-protection gaskets, and over-temperature protection,” says Sriram Mohan, Lead Analyst, Food & Retail, Technavio Research.
Vacuum ovens are gaining popularity across various industries, owing to its feature of drying at lower temperatures for the heat sensitive specimens. These ovens are in great demand due to their consistency and efficiency in drying and exclusion of oxidation. Also, vacuum ovens have found applications in epoxies, satellites, food and beverages, and essential oils. Manufacturers are extending this equipment’s control features for more applications and better usability. For instance, ESPEC offers five operating modes in its models to suit various applications.
The leading vendors in the global vacuum ovens market are Cole-Parmer, Memmert, MTI Corporation, Sheldon Manufacturing, and Thermo Fisher. The market is moderately fragmented with the presence of large and small-sized providers. The report predicts the competitive environment in this market to intensify further with an increase in product/service extensions, and technological innovations.
A more detailed analysis is available in the Technavio report, Global Vacuum Ovens Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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