The rise in demand for vacuum furnaces from industrial applications is anticipated to fuel the market growth in the coming years. In addition, the growing use of vacuum furnaces in the aerospace and defense industry is expected to fuel market growth in the coming years. Moreover, growth in the construction sector in the developing and developed regions across the globe and a rise in investment toward power infrastructure to fulfill the demand for electricity are anticipated to create opportunities for key vacuum furnace manufacturers from 2023 to 2031.
The vacuum furnaces market size is projected to reach US$ 1,511.7 million by 2031 from US$ 1,007.9 million in 2023. The market is expected to register a CAGR of 5.2% during 2023–2031. The growth of the construction sector with the rise in investment towards energy infrastructure is likely to remain key trends in the market.
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Top Key Major Players:-
- AMG Advanced Metallurgical
- ALD Vacuum Technologies
- Centorr Vacuum Industries
- Chugai RO Co., Ltd.
- ECM Technologies
- HHV Ltd
- IHI Machinery and Furnaces Co, Ltd.
- Ipsen
- Solar Manufacturing
- TAV Vacuum Furnaces