Rising demand for lead-free soldering and miniaturization of electronic devices are some of the key factors expected to drive the global reflow oven industry swiftly during the assessment period. However, with rising adoption across industries like electronics and semiconductors, total reflow oven demand is expected to rise at 4.4% CAGR during the forecast period (2023 to 2033). Reflow Oven Market Estimated Value (2023)Ģ018 to 2022 Reflow Oven Market Outlook Compared to 2023 to 2033 Demand ForecastĪccording to Future Market Insights, the global reflow oven market expanded at a CAGR of 4.2% between 20 and reached a total valuation of US$ 945.6 Mn at the end of 2022. For instance, as per the Semiconductor Industry Association (SIA), worldwide semiconductor industry sales reached the highest annual total of US$ 555.9 billion in 2021.Īdditionally, the rapid shift towards alternative energy sources like solar energy and rising awareness of the environmental risks caused by lead and other hazardous elements used in conventional soldering techniques will foster reflow oven sales during the forthcoming decade. In recent years, there has been a sharp rise in the production and sales of semiconductors worldwide. Similarly, robust growth of the semiconductor industry is projected to propel reflow oven demand over the next ten years. Increasing production and export of electronic products like smartphones, computers, chips, medical devices, etc., will act as a catalyst triggering the development of the reflow oven market during the assessment period. These soldering systems make the soldering process faster, improve throughput, and help to reduce costs. Reflow ovens are being increasingly employed across industries like consumer electronics, automotive, and telecommunication to produce electronic components and assemblies. Growing demand for compact electronic products across the world is emerging as a key factor spurring growth in the global reflow oven industry and the trend is expected to further escalate over the next ten years amid rapid penetration of digitalization. Reflow ovens have become indispensable equipment or part of the surface mount technology process and both small and manufacturing units cannot do without these soldering machines as they do not want to compromise on the quality of their electronic products or devices. The advantage of using a reflow oven for soldering is that it can provide uniform heating across the entire board, which helps to prevent component damage and ensures reliable electrical connections. For this process (reflow soldering), manufacturers use reflow ovens. Reflow soldering is a type of soldering that uses heat to melt the solder so that it can flow into the space between two metal surfaces, thus joining them together. The process of soldering electronic components onto PCBs is called reflow soldering. Furthermore, overall reflow oven sales are projected to total a market valuation of US$ 1,518.5 Million by 2033.Īt the end of 2022, the market for reflow ovens had a value of US$ 945.6 Million, and in 2023, it is anticipated to register a year-on-year (Y-o-Y) growth rate of 4.2%.Ī reflow oven is a type of industrial oven that is used to solder electronic components onto printed circuit boards (PCBs). The global reflow oven market is anticipated to expand at a CAGR of 4.4% during the assessment period (2023 to 2033), reaching a valuation of US$ 987.2 Million in 2023. Reflow Oven Market Outlook (2023 to 2033)
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