Vacuum Furnaces Market Revenue to Cross $1.24Bn Globally, by 2028 at 5.3% CAGR - Exclusive Report by The Insight Partners

The vacuum furnaces market share is projected to reach US$ 1.24 billion by 2028 from US$ 881.88 million in 2021, it is estimated to grow at a CAGR of 5.3% from 2022 to 2028.The aerospace industry is one of the major end users of vacuum furnaces. As heat treatment is used in the aerospace industry to improve the resistance of various components toward wear and corrosion, major methods involve the heat treatment of engine parts subjected to mechanical stresses and strains. As it offers high reliability, a smaller installed footprint, and ease of maintenance, a vertical vacuum furnace heat treatment is used to heat parts with a cylindrical cross-section or parts that can be stacked vertically, such as those commonly processed in the aerospace industry. Vacuum furnaces are used for brazing, annealing, solution treatment, aging, hardening, stress relief, and other thermal treatments. As a result, the vacuum furnace market is growing due to the wide range of applications in the aerospace industry.

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Furthermore, the aerospace and defense (A&D) industry is focused on developing new technologies and solutions, extending development prospects, and establishing new markets. New technologies and processes that evolve quickly and are commercialized can enhance efficiencies and lower production costs. Trends in commercial air travel and client order activity are substantially better than in the pre-COVID-19 era, a bullish omen for the business. The global COVID-19 vaccine distribution assists in the normalization of air travel. Therefore, the revival of the aerospace industry drives the vacuum furnaces market. 

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