Reflow Soldering Oven is a machine used primarily for reflow soldering of surface mount electronic components to printed circuit boards (PCB).
According to our (Global Info Research) latest study, due to COVID-19 pandemic, the global Reflow Soldering Oven market size is estimated to be worth US$ 368.3 million in 2021 and is forecast to a readjusted size of USD 469.6 million by 2028 with a CAGR of 3.5% during forecast period 2022-2028.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
Globally, the Reflow Soldering Oven industry market is concentrated as the manufacturing technology of Reflow Soldering Oven is relatively matures than some high-tech equipment. And some enterprises, like Rehm Thermal Systems, Kurtz Ersa and BTU International, etc. are well-known for the wonderful performance of their Reflow Soldering Oven and related services. At the same time, Asia Pacific, occupied 77% sales market share in 2020, is remarkable in the global Reflow Soldering Oven industry because of their market share and technology status of Reflow Soldering Oven.
The consumption volume of Reflow Soldering Oven 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 Reflow Soldering Oven industry may not keep that fast. But it is surely forecasted that the market of Reflow Soldering Oven is still promising.
Although the market competition of Reflow Soldering Oven is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Reflow Soldering Oven and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
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