Global Sinter HIP Furnace Market Growth 2019-2024
Sinter HIP Furnace is mainly suitable for sintering and pressure sinter processes of tungsten alloy, magnetic, heavy alloy, moly alloy, cemented carbide etc., it is also used for the processing of cermet and technical ceramic.
Following the vacuum sintering process, 6 to 10 MPa Argon gas is introduced into the furnace at sintering temperature to further reduce porosity and to ensure the material quality of high-performance hard metal tools and other sintered parts.
In the coming years there is forecasted to be stable demand scale for sinter HIP Furnace in emerging market that is expected to drive the industry development of sinter HIP Furnace. It is forecasted that the global market of sinter HIP Furnace will reach as high as 60 Million USD by the end of 2021, and the production volume may reach 143 Units.
Globally, the sinter HIP Furnace industry market is concentrated as the manufacturing technology of sinter HIP Furnace is high and held by few enterprises. And some enterprises, like PVA TePla, ALD and Shimadzu are well-known for the performance of their sinter HIP Furnace and related services. At the same time, Europe, occupied 27% revenue market share in 2015, is remarkable in the global sinter HIP Furnace industry because of their market share and technology status.
The consumption volume of sinter HIP Furnace is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of sinter HIP Furnace industry may not keep that fast. But it is surely forecasted that the market of sinter HIP Furnace is still promising.
According to this study, over the next five years the Sinter HIP Furnace market will register a 7.5% CAGR in terms of revenue, the global market size will reach US$ 4 million by 2024, from US$ 3 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Sinter HIP Furnace business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Sinter HIP Furnace market by product type, application, key manufacturers and key regions and countries.
This study considers the Sinter HIP Furnace value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Sinter HIP Furnace for R&D
Sinter HIP Furnace for Production
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Sinter HIP Furnace consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Sinter HIP Furnace market by identifying its various subsegments.
Focuses on the key global Sinter HIP Furnace manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Sinter HIP Furnace with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Sinter HIP Furnace submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.