Industrial Furnaces and Ovens are primarily used by industries to heat-treat metals in order to generate steam. They are also used in the manufacture of bricks, cement, glass, iron and steel, and other materials. Electric, batch and fuel-fired furnaces are used to perform several functions, such as annealing, brazing, carburizing, hardening, sintering, and tempering of ferrous and non-ferrous castings.
Metallurgy, Petrochemical industry and material handling are the main application areas for industrial furnaces and ovens market. Dairy, especially material handling, accounted for 35.66% of total market share, followed by metallurgy industry (28.83%) and petrochemical industry (18.32%).
The largest consumption area is Europe and China, with metallurgy and material handling industry leading the market. Europe and North America are much matured market, mergers and acquisitions accelerated this process. For emerging economies, like China and India, industrial furnaces and ovens technology is rapidly improving.
Although sales of industrial furnaces and ovens brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into this field.
According to this study, over the next five years the Industrial Furnaces and Ovens market will register a 2.2% CAGR in terms of revenue, the global market size will reach US$ 10800 million by 2024, from US$ 9530 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Industrial Furnaces and Ovens business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Furnaces and Ovens market by product type, application, key manufacturers and key regions and countries.
This study considers the Industrial Furnaces and Ovens value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Combustion Type
Electric Type
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Metallurgy
Petrochemical Industry
Material Handling
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Andritz
Tenova
Despatch
Primetals Technologies
Aichelin Group
ALD
Inductotherm Corporation
SECO/WARWICK
Ipsen
Nachi-Fujikoshi
Gasbarre Furnace
Cieffe(Accu)
Surface Combustion
Mersen
JUMO
Nutec Bickley
CEC
Wisconsin Oven
Sistem Teknik
AVS
PVA TePla
TAV
Shenwu
Phoenix Furnace
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Industrial Furnaces and Ovens consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Industrial Furnaces and Ovens market by identifying its various subsegments.
Focuses on the key global Industrial Furnaces and Ovens manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Industrial Furnaces and Ovens with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Industrial Furnaces and Ovens submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Industrial Furnaces and Ovens . Industry analysis & Market Report on Industrial Furnaces and Ovens is a syndicated market report, published as Global Industrial Furnaces and Ovens Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Industrial Furnaces and Ovens market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.