The overall market for reflow furnaces in China is expected to grow at a healthy CAGR of 6.2% during the evaluation period (2023-2033). The PCB and electronics segments will generate the highest revenue in the global reflow oven industry
DUBAI, UAE, Jan. 18, 2023 (GLOBE NEWSWIRE) — According to Future Market Insights, the reflow oven market has reached $987.2 million In 2023 untouches the assessment is expected we$ 1,518.5 million By 2033. Total reflow furnace sales are likely to show a compound annual growth rate of 4.4% During the projection (2023-2033).
Strong growth of worldwide electronics and semiconductor industries backed by rapid penetration of digitization is a key factor driving forward the global reflow furnace market.
Reflow soldering, the process in which solder paste is used to affix or bond one or more electrical components to their contact pads, has become a critical step in the manufacture of electronic products. For this purpose, companies use reflow ovens.
Report form request: https://www.futuremarketinsights.com/reports/sample/rep-gb-16267
Reflow ovens provide uniform heating across the entire board throughout the soldering process, preventing component breakage and ensuring strong electrical connections. They are widely used in applications such as electronic component production, semiconductor packaging, and solar cell manufacturing.
Growing demand for small electronic devices worldwide is expected to boost the global reflow ovens market. Likewise, increasing demand for lead-free soldering technologies along with increased awareness of environmental hazards caused by lead and other hazardous elements used in conventional soldering technologies is likely to drive sales of reflow ovens during the forecast period.
Regionally, North America holds the largest market share and is expected to continue its dominance over the forecast period. This is due to the rapid growth of the electronics industry, increasing adoption of consumer electronics, and the strong presence of reflow oven manufacturers.
In addition, growing demand for advanced semiconductor devices and continued expansion of manufacturing and assembly operations in the region will drive the North American reflow furnace market over the next ten years.
Key Takeaways from the Reflow Furnace Market Study:
During the 2023-2033 projection period, the reflow furnace market is expected to expand at a 4.4% CAGR.
Depending on the product, the steam phase furnace segment holds a significant share of revenue in the global market.
Through the application, the PCB and electronics sectors together will generate maximum revenue until 2033.
With the booming electronics and semiconductor industries, the United States holds about 32.6% of the global reflow furnace market share.
The UK reflow oven market is expected to grow by 6.1% during the forecast period.
Reflow furnace demand in India is likely to increase at a CAGR of 6.5% between 2023 and 2033.
The Chinese reflow furnace market is expected to expand by 6.2% during the evaluation period.
Talk to our research analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-16267
Which is winning?
Market leaders include JLW Electronics, Nordson Corporation, Vitronics Soltec, Electrovert Limited, and PVA Tepla America. New product launches with enhanced features, acquisitions, mergers, and facility expansions are some of the key strategies adopted by reflow oven manufacturers.
Gain valuable insights into the reflow oven market
FMI, in its new offering, provides an unbiased analysis of the reflow market by providing historical demand data (2018-2022) and forecast statistics for the period (2023-2033). Study reveals compelling insights into reflow ovens market demand based on product (vapor phase ovens, infrared and convection ovens), application (PCBs, electronics, semiconductor packaging, solar cell manufacturing), and sales channel (via online, and offline), across several regions.
About the Food and Beverage division of Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights helps clients from around the world with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has vividly analyzed the food and beverage industry in over 50 countries for over a decade. The team provides comprehensive research and consulting services; Contact us to find out how we can help.
Access the full report: https://www.futuremarketinsights.com/reports/reflow-oven-market
The following are the reflow oven market segments
Solar cell manufacturing
By sales channel:
Middle East Airlines
1. Executive summary
1.1 Global Market Outlook
1.2 Demand Side Trends
1.3 Supply-side trends
1.4 Technology Roadmap Analysis
1.5 Analysis and recommendations
2. Market overview
2.1. Market coverage/classification
2.2. Market definition/scope/constraints
customization request @ https://www.futuremarketinsights.com/customization-available/rep-gb-16267
Verify common Food and Beverage Research Reports:
Malt Ingredient Market: The Malt Ingredient Market is estimated to be valued at USD 25.7 Billion in 2023. According to Future Market Insights (FMI), the total market value is expected to reach USD 43.7 Billion by 2033, rising at a CAGR of 5.4% through 2033.
Vegetable Pasta Sauce Market: The global vegetable pasta sauce market is expected to be valued at USD 45 million in 2023 and reach USD 97.7 million by 2033.
Curcumin Market: In 2022, the curcumin market is expected to be worth US$110.6 million. Between 2023 and 2033, the market is expected to increase at a CAGR of 11.3%, from USD 127.0 million in 2023 to USD 369.2 million in 2033.
Vegetable Salad Dressing Market: In 2022, the global Vegetable Salad Dressing Market was valued at USD 143.7 Million. The overall market is expected to register a CAGR of 7.5% between 2023 and 2033. This impressive growth rate with market valuation is expected to increase from USD 154.9 Million in 2023 to approximately USD 296.3 Million by 2033.
Tapioca Market: Estimated at US$ 4.1 billion in 2023, the global tapioca market is expected to reach a revised size of US$ 6.3 billion by 2033. This is increasing at a CAGR of 4.4% over the analysis period.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR accredited business advisory and market research firm, a member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Recipient of the Clutch Leaders Award 2022 based on high client scores (4.9/5), we partner with global organizations on their business transformation journey and help them achieve their commercial ambitions. 80% of the largest Forbes 1000 companies are our clients. We serve global clients in all leading market sectors specializing in all major industries.
Future Market Insights, Inc.
1602-6 Jumeirah Bay Tower X2,
Part Number: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
The United Arab Emirates
Linkedin | Twitter | Blogs | Youtube
For sales inquiries: email@example.com