Reflow Oven Market to Pass $1,518.5 Million Valuation by 2033 Amid Rapid Growth of Electronics and Semiconductor Industries – Future Market Insights, Inc.

Global Future Market Insights & Consulting Pvt.  Ltd.

Global Future Market Insights & Consulting Pvt. Ltd.

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.

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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.

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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.

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The following are the reflow oven market segments

High School:

By application:

  • PCB

  • electronics

  • Semiconductor packaging

  • Solar cell manufacturing

By sales channel:

By region:

  • North Amarica

  • Europe

  • Asia Pacific

  • Latin america

  • Middle East Airlines

  • Row

content list:

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

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About Future Market Insights, Inc.

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