China Brands Capture 35% Share in 2024 Global Vacuum Cleaning Furnace Market Report

[News Report] According to the latest 2024 Global Vacuum Cleaning Furnace Market Report released by the authoritative research firm MarketsandMarkets, Chinese brands have claimed the top global position for the first time with a 35.2% market share, marking a major breakthrough for China in the high-end industrial cleaning equipment sector.

Market Landscape: China, Germany, and Japan in a “Tripartite Standoff”https://8ruiyan.com/en/all-vacuum-cleaning-furnaces/

Report data reveals:

• Chinese brands: 35.2% (up 8.3 percentage points year-on-year)
• German brands: 28.1%
• Japanese brands: 19.4%
• Others: 17.3%

The rapid rise of Chinese enterprises is primarily attributed to the explosive growth of the new energy industry. In 2024, global demand for vacuum cleaning equipment in the power battery sector surged by 42%, with Chinese brands capturing 58% of the market share. Leading companies such as CATL and BYD have adopted domestic equipment on a large scale, driving upgrades across the entire industrial chain.

Technological Breakthroughs Build Core Competitiveness

A Suzhou-based tech company’s “multi-frequency pulse cleaning technology” reduces energy consumption by 40% and has gained recognition from international clients, including Tesla. A Shenzhen-based company’s AI visual inspection system achieves micron-level cleaning precision. The report highlights that Chinese companies have established technological barriers in five key performance indicators, including thermal field uniformity control, accounting for 41% of global patents in this field.

Overseas Expansion Faces New Challenges

Despite impressive achievements, challenges remain:

1. Import dependency for high-end components like temperature sensors remains at 35%.
2. The EU’s newly enacted “Industrial Equipment Sustainability Regulation” will increase certification costs by 12%.
3. International after-sales service networks lag behind market expansion.

In response, industry leaders are accelerating breakthroughs through cross-border mergers and acquisitions. For instance, a Shandong-based listed company recently completed the acquisition of Italian precision control firm Tecnovac, significantly enhancing its service capabilities in the European market.

Future Outlook: Targeting 40% Market https://8ruiyan.com/Share by 2026

The report predicts that with the rapid development of emerging sectors such as hydrogen energy equipment and semiconductors, by 2026:

• The global market size will exceed $7 billion.
• Chinese brands’ market share is expected to reach 40%.
• Smart and green technologies will become the main battleground for competition.

“This is not just a shift in market share but a reshaping of the global high-end equipment manufacturing landscape,” said the Director of the Expert Committee of the China Machinery Industry Federation. “The next step is to focus on breaking through ‘bottleneck’ technologies and moving higher up the industrial chain.”

(Comprehensive reporting by our correspondent)
Note: Data sourced from publicly available reports by MarketsandMarkets, GGII, and other institutions.