Global Vacuum Ovens Market 2015-2019
| Published: Oct 2015 | Pages: 55 | SKU: IRTNTR7598 |
Market outlook of vacuum ovens
Technavio’s market research analyst predicts the global vacuum ovens market to grow at a CAGR of around 8% during the forecast period. The rise in laboratory spending is driving the growth of the vacuum ovens market. The global spending on laboratory equipment is expected to increase by 2% across a range of sectors such as healthcare and academia. The growth is expected to arise from countries such as India and China wherein the governmental support and economic growth has fueled new equipment and upgradation spending.
The growth of the cannabis industry is also expected to fuel the growth of the market during the forecast period. Vacuum ovens can be used to remove solvents from cannabis. Professional extractors in the cannabis industry are increasingly driving demand for vacuum ovens. For instance, during August 2015, Cascade Botanical introduced the TVO-2 and TVO-5 vacuum ovens, specially designed for the workflow of professional cannabis extractors. These vacuum ovens have an advanced temperature controller offering new functions and features with the existent temperature protection.
Geographical segmentation and analysis of the global vacuum ovens market
- Americas
- APAC
- Europe
- MEA
The Americas was the biggest market for vacuum ovens, accounting for around 40% of the market shares during 2014. This research report predicts the market in this region to grow at a CAGR of around 7% during the forecast period. Replacement demand for lab equipment is expected to be the key driver for the growth of the market in the developed countries of the region.
Competitive landscape and key vendors
The vacuum ovens market is moderately fragmented with the presence of large and small-sized providers. The report predicts the competitive environment in this market to intensify further with an increase in product/service extensions, and technological innovations. A number of international players are expected to expand their presence worldwide through acquisitions during the forecast period.
The top five vendors in the market are –
- Cole-Parmer
- Memmert
- MTI
- Sheldon Manufacturing
- Thermo Fisher
Other vendors in the market include Accumax India, BINDER, Cascade TEK, ESPEC, Grieve, JEIO, SalvisLab Renggli, Shanghai Hasuc Instrument, Ted Pella, and Yamato Scientific.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the vacuum ovens market?
- What are the key market trends impacting the growth of the global vacuum ovens market?
- What are the challenges to market growth?
- Who are the key vendors in the vacuum ovens market?
- What are the market opportunities and threats faced by the vendors in the vacuum ovens market?
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
- What are the key outcomes of the five forces analysis of the global vacuum ovens market?
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Related reports
- Highlights
- Market overview
- Top-vendor offerings
- Research methodology
- Economic indicators
- Key market highlights
- Market overview
- Market size and forecast
- Five forces analysis
- Global vacuum ovens market by geography
- Vacuum ovens market in the Americas
- Vacuum ovens market in Europe
- Vacuum ovens market in APAC
- Vacuum ovens market in MEA
- Competitive scenario
- Market vendor analysis 2014
- Other prominent vendors
- Cole-Parmer
- Memmert
- MTI
- Sheldon
- Thermo Fisher
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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