vacuum impregnating equipment market REPORT OVERVIEW
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The global vacuum impregnating equipment market size was USD 134.2 million in 2022 and is projected to touch USD 159.7 million by 2028, at CAGR of 2.9% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the vacuum impregnating equipment market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
To seal porous materials like metal, ceramics, and electronics and stop leakage or contamination, vacuum impregnating equipment, also known as vacuum impregnation systems or vacuum resin impregnation equipment, is employed. The porous component is put in a vacuum chamber and filled with liquid resin, which is then pulled into the pores while the chamber is under vacuum. The material's strength, thermal conductivity, and resistance to numerous environmental conditions are all enhanced by this technique.
An object is subjected to a hoover in order to remove any air or gas from it using the hoover impregnating equipment. The adherence of coatings or sealants to the item may be improved as a result. In order to help remove any trapped gases from a material, the vacuum impregnating apparatus can also be utilised for degassing procedures. A hoover is applied to an object using a device called a hoover impregnating equipment, which removes any air or gas from the object. The adherence of coatings or sealants to the item may be improved as a result. In order to help remove any trapped gases from a material, the vacuum impregnating equipment can also be utilised for degassing procedures.
COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market
Global economies and industries, especially the manufacturing and industrial equipment markets, were significantly impacted by the COVID-19 pandemic. Companies have postponed or revised their capital spending plans, including purchases of new machinery like hoover impregnating systems, as a result of the pandemic's economic unpredictability. The epidemic had changed consumer preferences for specific goods or industries. For instance, there had been a surge in the market for electrical or medical equipment, which had an impact on the need for hoover impregnating equipment in such industries.
LATEST TRENDS
"Technological Advancements, Energy Efficiency and Environmental Protection to Soar Up Market Potentially"
Technological developments in hoover impregnation that enhance product reliability, performance, and efficiency. The market is expanding as a result of ongoing developments in vacuum impregnation technology, including enhanced vacuum pumps, automation, and resin compositions. Vacuum impregnation can reduce the potential of leaks and contamination, helping to preserve the environment by decreasing the likelihood that dangerous compounds will leak into the surrounding area.
vacuum impregnating equipment market SEGMENTATION
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- By Type
Based on type the vacuum impregnating equipment market is classified as wet, dry and others.
The part wet is the leading part of the type segment.
- By Application
Based on application the vacuum impregnating equipment market is classified as motor and generator, electrical components, metal processing and others.
The part motor and generator is the leading part of the application segment.
DRIVING FACTORS
"Applications in Electrical Component Manufacturing to Reinforce the Market Growth "
Because more vacuum impregnation equipment is being used to produce high-quality electronic components with improved durability at more affordable prices, the application segment for electrical components is anticipated to experience substantial growth over the course of the projection period. Components including printed circuit boards (PCB), power supplies, and transformers, among others, need high-quality coatings to protect against moisture and corrosion, which considerably increases product demand in this market.
"Various Industrial Applications of the Equipment to Witness Tremendous Market Growth"
In numerous industries, including the automobile, aircraft, electronics, and power generation, vacuum impregnation is used. The technique helps to increase the performance and longevity of parts for automobiles, electric motors, transformers, pumps, and other equipment. Due to the rising demand for strong, lightweight components, there is an increase in demand for vacuum impregnating equipment from the automotive and aerospace industries. In the automotive, electrical, and electronics industries, demand for these devices is typically higher. Glass fibre reinforced polymers (GFRP), rubber, aluminium, and magnesium alloys are just a few of the materials that can be impregnated using motor impregnation (MI) equipment. The coating is blown into a smooth layer without leaving bubbles or markings on the material's surface using gases including carbon dioxide (CO2), nitrogen (N2), and oxygen.
RESTRAINING FACTORS
"Limitations with Applicability, Skilled Workers and High Initial Cost to Obstruct the Market Growth"
The best materials for vacuum impregnation are porous ones that can absorb the resin used in the process. It might not be appropriate for materials with very tight porosity or non-porous materials. Effective operation of vacuum impregnating equipment requires knowledgeable staff who are familiar with the procedure, the machinery, and the resin's qualities. Results that are inconsistent can be caused by untrained operators. Particularly for smaller firms, the initial investment in hoover impregnation equipment might be significant. Additionally, ongoing operational costs may be impacted by the price of resins and other consumables. This may have an effect on the equipment overall utilization and hindering the vacuum impregnating equipment market growth.
vacuum impregnating equipment market REGIONAL INSIGHTS
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"Asia Pacific Region to Dominate with Applications in Motor And Generator, Electrical and Electronics"
The Asia Pacific region dominated the global vacuum impregnating equipment market share, and this trend is anticipated to be true during the forecast period. Increased demand for motor and generator sets, electronics gear, metal-processing machinery, medicinal components, and other uses can be credited with this region's rise. Due to strong production rates in numerous end-use industries, including the automotive and electrical & electronics industries, China is one of the biggest customers of these equipment.
KEY INDUSTRY PLAYERS
"Financial Players to Contribute Towards Expansion of Market"
The market is highly competitive, with both international and domestic players. Major players are involved in the launch of new and improved products, collaborations, mergers and acquisitions, joint ventures, and other tactics.The research is an in-depth examination of a list of market participants who promote market growth. The data is a compilation of the most recent manufacturing industry trends, mergers and acquisitions, market research, and technology breakthroughs. To comprehend market share, product growth, revenue growth, and other variables over the forecast period, additional criteria such as regional and segmental analysis are considered.
List of Market Players Profiled
- Hedrich (India)
- Ultraseal (India)
- Godfrey&Wing (India)
- Magna-Tech Manufacturing (U.S.)
- Imprex (Japan)
- Zhangjiagang Yi Cheng (China)
- Meier Prozesstechnik (Germany)
- Heattek (U.S.)
- Hubers (India)
- Shenyang Vacuum Technology (China)
- Vacuum Plant&Instruments (India)
- Whitelegg (U.K)
- Shenyang Tianyi (China)
- Kyosin Engnieering (Japan)
- Shenyang HuiSi (China).
REPORT COVERAGE
The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 134.2 Million in 2022 |
Market Size Value By |
US$ 159.7 Million by 2028 |
Growth Rate |
CAGR of 2.9% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the vacuum impregnating equipment market expected to touch by 2028?
The global vacuum impregnating equipment market is expected to reach USD 159.7 million by 2028.
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What CAGR is the vacuum impregnating equipment market expected to exhibit by 2028?
The vacuum impregnating equipment market is expected to exhibit a CAGR of 2.9% by 2028.
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Which are the driving factors of the vacuum impregnating equipment market?
Applications in electrical component manufacturing and various industrial applications are the driving factors of the vacuum impregnating equipment market.
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Which are the key players functioning in the vacuum impregnating equipment market?
Hedrich, Ultraseal, Godfrey&Wing, Magna-Tech Manufacturing, Imprex, Zhangjiagang Yi Cheng, Meier Prozesstechnik, Heattek, Hubers, Shenyang Vacuum Technology, Vacuum Plant&Instruments, Whitelegg, Shenyang Tianyi, Kyosin Engnieering, Shenyang HuiSi and others are the key players functioning in the vacuum impregnating equipment market.
