North America and Europe Uniaxial Diffusion Bonding Furnace Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Ceiling Temperature (Equal or Greater than 1800 C and Less than 1800 C) and Application (Aerospace, Automotive, Medical, Energy

North America and Europe Uniaxial Diffusion Bonding Furnace Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Ceiling Temperature (Equal or Greater than 1800 C and Less than 1800 C) and Application (Aerospace, Automotive, Medical, Energy & Power, Tools & Dies, and Others)

The uniaxial diffusion bonding furnace market is projected to grow from US$ 140.46 million in 2022 to US$ 230.74 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2022 to 2028.

Rising aircraft production, increasing strategic initiatives by global players, and surging demand for metals across various industrial verticals are driving the uniaxial diffusion bonding furnace market growth.

The usage of metals such as iron, copper, steel, and aluminum is increasing across various industry verticals such as construction, power distribution, machinery manufacturing, and automotive. In addition, the rising investments by leading players in expanding the production capacity are likely to offer lucrative opportunities for the Europe uniaxial diffusion bonding furnace market growth during the forecast period. Germany has major industries such as machine building, automobiles, electrical engineering & electronics, chemicals, and food processing. Metal demands are high in these industries. Moreover, Germany has leading automobile manufacturers such as Audi, BMW, Daimler AG, Ford, Opel, and Volkswagen, which drives the demand for uniaxial diffusion bonding furnace across the country.

In the medical industry, uniaxial diffusion bonding furnace is widely used in the joining of high strength and refractory metals. For the manufacturing of medical equipment, numerous materials such as titanium, copper, aluminum, platinum, palladium, tantalum, cobalt chrome, and stainless steel are used. Joining of these metals is crucial within the medical industry. With an increasing number of components made from a wide range of materials, medical devices became complex. So, it is important that they meet stringent requirements to ensure that they are safe and will not be rejected by the regulatory bodies. In such scenarios, joining and assembly of medical materials and devices is crucial and is achieved with the help of Uniaxial diffusion bonding furnace technique. Rapid growth of the medical industry amid the COVID-19 pandemic is propelling the manufacturing process, bolstering the need for uniaxial diffusion bonding furnace in the industry. Therefore, the North America and Europe uniaxial diffusion bonding furnace market in the medical segment is witnessing growth.

The power & energy industry provides power such as gas, electricity, and others to homes and businesses. The industry is clubbed together with different industries including fuel, petroleum, gas, coal, and nuclear industry. Many metals are necessary for energy production, storage systems, and innumerable electricity-consuming products. The energy industry requires specific equipment, and the equipment is reliant on precisely made metal parts. Diffusion bonded PCHE (Printed Circuit Heat Exchanger) has high demand in the oil and industry for superheaters, gas compression coolers, preheaters, and others applications. Wind turbines, generators, solar panels, and others demand high-quality metal parts to run at full capacity for a long time, which will increase the use of uniaxial diffusion bonding furnace for metal bonding in the energy & power industry. The increasing use of renewable energies with advancements in technologies boosts the demand for uniaxial diffusion bonding furnace and propels the growth of the North America and Europe uniaxial diffusion bonding furnace market in the energy & power segment.

The uniaxial diffusion bonding furnace market has been segmented on the basis of ceiling temperature, application and region. Based on ceiling temperature, the uniaxial diffusion bonding furnace market is bifurcated into equal or greater than 1800 C and less than 1800 C. In terms of application, the uniaxial diffusion bonding furnace market is bifurcated into aerospace, automotive, medical, energy & power, tools & dies, and others. Based on region, the uniaxial diffusion bonding furnace market is segmented into North America and Europe.

The growing manufacturing sector, rising urbanization, and increasing strategic decisions by the market providers are expected to support the North America uniaxial diffusion bonding furnace market growth over the forecast period. For instance, in May 2020, TWI Ltd announced development of a technique which enables the successful diffusion bonding of aluminium with the ability to achieve joint strengths. In addition, the significant rise in the production of automotive vehicles owing to rising per capita income and surge in demand for automobiles across North America has increased the need for metals such as aluminum, iron, and steel.

The overall uniaxial diffusion bonding furnace market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the uniaxial diffusion bonding furnace market.

Centorr Vacuum Industries, Ipsen, Oxy-Gon Industries Inc, Thermal Technology LLC, Seco/Warwick SA, AVS Inc, PVA TePla AG, TAV Vacuum Furnaces Spa, IHI Machinery and Furnace Co Ltd, IVI Corp are among the leading players profiled in the market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed uniaxial diffusion bonding furnace market insights, which help the key players strategize their growth.

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