Global Magnetron Market Growth 2023-2029

Global Magnetron Market Growth 2023-2029

A magnetron is a device that uses the interaction of a stream of electrons, guided by a magnetic field, with cavities within a block of copper to produce microwave radiation. The frequency range of the radiation depends on the size of the cavities. The devices are used in radar, and microwave ovens, where the radiation causes the molecules in food — particularly water molecules — to vibrate, leading to a rapid rise in temperature that is sufficient to cook the food.

LPI (LP Information)' newest research report, the “Magnetron Industry Forecast” looks at past sales and reviews total world Magnetron sales in 2022, providing a comprehensive analysis by region and market sector of projected Magnetron sales for 2023 through 2029. With Magnetron sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnetron industry.

This Insight Report provides a comprehensive analysis of the global Magnetron landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Magnetron portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Magnetron market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnetron and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Magnetron.

The global Magnetron market size is projected to grow from US$ 1452.7 million in 2022 to US$ 1729.3 million in 2029; it is expected to grow at a CAGR of 1729.3 from 2023 to 2029.

Global magnetron key players include LG, GTOSHIBA, E2V, etc. Global top 3 manufacturers hold a share about 45%.

Asia Pacific is the largest market, with a share about 77%, followed by North America and Europe, both have a share about 20 percent.In terms of product, continuous magnetrons is the largest segment, with a share over 90%. And in terms of application, the largest application is home microwave Oven, followed by drying/heating.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnetron market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Continuous Magnetrons

Pulse Magnetrons

Segmentation by application

Drying/Heating

Medical

Radar

Industrial LINACs

Plasma

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

LG

TOSHIBA

Samsung

E2V

Hitachi

NJR （New JRC）

Midea

Galanz

Panasonic

Dongbu Daewoo

Shuangda Electronic

L3 Harris

Kunshan Guoli

Guogang Electric

CPI (Beverly)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Magnetron market?

What factors are driving Magnetron market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Magnetron market opportunities vary by end market size?

How does Magnetron break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.