Need help finding what you are looking for?
Contact Us
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279653
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279653
Global Industrial furnaces Market Size study & Forecast, by Product Type by Mode of Operation, by Type, by Fuel Type, by End Use and Regional Analysis, 2022-2029
PUBLISHED:
PAGES:
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Global Industrial furnaces Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. An industrial furnace is a thermal inclusion that processes and treats raw materials in both their solid and liquid phases at very high temperatures. a system that can heat up to more than 1000 degrees Fahrenheit and is used for industrial heat treatment. Industrial furnaces are used in many different industries, such as manufacturing, the production of iron and steel, glass, calcination in cement production, non-ferrous metals, and ceramic processing. Using heat effectively to reduce losses and managing and controlling the different phases of solid, liquid, and gas moving at different speeds for different temperatures and times to prevent corrosion and erosion of the refractory are the two main goals of using an industrial furnace. The Industrial furnaces market is expanding because of factors such as rising demand for lightweight automobiles and increased adoption of technologies such as industry 4.0 and the industrial internet of things (IIoT).
The demand for lightweight vehicles is rising as a result of technological advancements, and other considerations include increased use of electric industrial furnaces. A lot of manufacturers also create and heat-treat metallic car parts for use in vehicle assembly in industrial furnaces. The expansion of vehicle production and sales, along with the rising trend in the production of lightweight metal components for the automotive industry, are what are fueling the market's expansion. For instance, in July 2021, Valin ArcelorMittal Automotive Steel Co., Ltd. in China made an order with global technology company ANDRITZ for a galvanizing furnace for a new coating line to produce third-generation Advanced High Strength Steel. In addition, Ipsen installed the second Turbo Treater vacuum furnace at Temprasud in Italy in May 2022. The new furnace will help them as they work to expand into the aerospace industry while they continue to grow their business in the automotive sector. In addition, high level of investment and spending on research and development is creating a lucrative growth to the market. However, fluctuating prices of Industrial furnaces may halt market growth.
The key regions considered for the Global Industrial furnaces Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of automotive and steel sector as well as an increase in building project investments as well as an increase in the number of expanding markets to produce machinery and manufacturing equipment. Whereas Europe is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising automotive and manufacturing industrial sector in the region.
Major market players included in this report are:
- ANDRITZ AG
- Carbolite Gero Limited
- Epcon Industrial Systems
- LP
- NUTEC Group
- International Thermal Systems LLC,
- Gasbarre Products, Inc
- L&L Special Furnace Co., Inc.
- Thermcraft, Inc.,
- International Thermal Systems
Recent Developments in the Market:
- In October 2022, Manufacturing company Gasbarre Products, Inc., which specializes in industrial furnaces, invested USD 5.8 million to expand its current location.
Global Industrial furnaces Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product Type, Mode of operation, Type, Fuel Type, End Use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product Typeofferings of key players. The detailed segments and sub-segment of the market are explained below.
By Product Type:
- Rotary Furnace
- Pit Furnace
- Crucible Furnace
- Bell Furnace
- Box Furnace
By Mode of Operation:
- Continuous mode
- Semi-Continuous Mode
By Type:
- Electric Resistance
- Combustion
- Induction
- Arc
- Microwave
By Fuel Type:
- Coal
- Natural Gas
- Electricity
- Oil
- Biomass
By End Use:
- Aerospace
- Automotive
- Electronics
- Ceramics
- Pharmaceuticals
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Industrial furnaces Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Industrial furnaces Market, by Product Type, 2019-2029 (USD Billion)
- 1.2.3. Industrial furnaces Market, by Mode of Operation, 2019-2029 (USD Billion)
- 1.2.4. Industrial furnaces Market, by Type, 2019-2029 (USD Billion)
- 1.2.5. Industrial furnaces Market, by Fuel Type, 2019-2029 (USD Billion)
- 1.2.6. Industrial furnaces Market, by End Use, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Industrial furnaces Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Industrial furnaces Market Dynamics
- 3.1. Industrial furnaces Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand for lightweight automobiles
- 3.1.1.2. increased adoption of technologies such as industry 4.0 and the industrial internet of things (IIoT)
- 3.1.2. Market Challenges
- 3.1.2.1. Fluctuating prices of Industrial furnaces
- 3.1.3. Market Opportunities
- 3.1.3.1. High level of investment and spending on research and development
- 3.1.1. Market Drivers
Chapter 4. Global Industrial furnaces Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Industrial furnaces Market, by Product Type
- 6.1. Market Snapshot
- 6.2. Global Industrial furnaces Market by Product Type, Performance - Potential Analysis
- 6.3. Global Industrial furnaces Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
- 6.4. Industrial furnaces Market, Sub Segment Analysis
- 6.4.1. Rotary Furnace
- 6.4.2. Pit Furnace
- 6.4.3. Crucible Furnace
- 6.4.4. Bell Furnace
- 6.4.5. Box Furnace
Chapter 7. Global Industrial furnaces Market, by Mode of Operation
- 7.1. Market Snapshot
- 7.2. Global Industrial furnaces Market by Mode of Operation, Performance - Potential Analysis
- 7.3. Global Industrial furnaces Market Estimates & Forecasts by Mode of Operation 2019-2029 (USD Billion)
- 7.4. Industrial furnaces Market, Sub Segment Analysis
- 7.4.1. Continuous mode
- 7.4.2. Semi-Continuous Mode
Chapter 8. Global Industrial furnaces Market, by Type
- 8.1. Market Snapshot
- 8.2. Global Industrial furnaces Market by Type, Performance - Potential Analysis
- 8.3. Global Industrial furnaces Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 8.4. Industrial furnaces Market, Sub Segment Analysis
- 8.4.1. Electric Resistance
- 8.4.2. Combustion
- 8.4.3. Induction
- 8.4.4. Arc
- 8.4.5. Microwave
Chapter 9. Global Industrial furnaces Market, by Fuel Type
- 9.1. Market Snapshot
- 9.2. Global Industrial furnaces Market by Fuel Type, Performance - Potential Analysis
- 9.3. Global Industrial furnaces Market Estimates & Forecasts by Fuel Type 2019-2029 (USD Billion)
- 9.4. Industrial furnaces Market, Sub Segment Analysis
- 9.4.1. Coal
- 9.4.2. Natural Gas
- 9.4.3. Electricity
- 9.4.4. Oil
- 9.4.5. Biomass
Chapter 10. Global Industrial furnaces Market, by End Use
- 10.1. Market Snapshot
- 10.2. Global Industrial furnaces Market by End Use, Performance - Potential Analysis
- 10.3. Global Industrial furnaces Market Estimates & Forecasts by End Use 2019-2029 (USD Billion)
- 10.4. Industrial furnaces Market, Sub Segment Analysis
- 10.4.1. Aerospace
- 10.4.2. Automotive
- 10.4.3. Electronics
- 10.4.4. Ceramics
- 10.4.5. Pharmaceuticals
- 10.4.6. Others
Chapter 11. Global Industrial furnaces Market, Regional Analysis
- 11.1. Industrial furnaces Market, Regional Market Snapshot
- 11.2. North America Industrial furnaces Market
- 11.2.1. U.S. Industrial furnaces Market
- 11.2.1.1. Product Type breakdown estimates & forecasts, 2019-2029
- 11.2.1.2. Mode of Operation breakdown estimates & forecasts, 2019-2029
- 11.2.1.3. Type breakdown estimates & forecasts, 2019-2029
- 11.2.1.4. Fuel Type breakdown estimates & forecasts, 2019-2029
- 11.2.1.5. End Use breakdown estimates & forecasts, 2019-2029
- 11.2.2. Canada Industrial furnaces Market
- 11.2.1. U.S. Industrial furnaces Market
- 11.3. Europe Industrial furnaces Market Snapshot
- 11.3.1. U.K. Industrial furnaces Market
- 11.3.2. Germany Industrial furnaces Market
- 11.3.3. France Industrial furnaces Market
- 11.3.4. Spain Industrial furnaces Market
- 11.3.5. Italy Industrial furnaces Market
- 11.3.6. Rest of Europe Industrial furnaces Market
- 11.4. Asia-Pacific Industrial furnaces Market Snapshot
- 11.4.1. China Industrial furnaces Market
- 11.4.2. India Industrial furnaces Market
- 11.4.3. Japan Industrial furnaces Market
- 11.4.4. Australia Industrial furnaces Market
- 11.4.5. South Korea Industrial furnaces Market
- 11.4.6. Rest of Asia Pacific Industrial furnaces Market
- 11.5. Latin America Industrial furnaces Market Snapshot
- 11.5.1. Brazil Industrial furnaces Market
- 11.5.2. Mexico Industrial furnaces Market
- 11.5.3. Rest of Latin America Industrial furnaces Market
- 11.6. Rest of The World Industrial furnaces Market
Chapter 12. Competitive Intelligence
- 12.1. Top Market Strategies
- 12.2. Company Profiles
- 12.2.1. ANDRITZ AG
- 12.2.1.1. Key Information
- 12.2.1.2. Overview
- 12.2.1.3. Financial (Subject to Data Availability)
- 12.2.1.4. Product Summary
- 12.2.1.5. Recent Developments
- 12.2.2. Carbolite Gero Limited
- 12.2.3. Epcon Industrial Systems
- 12.2.4. LP
- 12.2.5. NUTEC Group
- 12.2.6. International Thermal Systems LLC,
- 12.2.7. Gasbarre Products, Inc
- 12.2.8. L&L Special Furnace Co., Inc.
- 12.2.9. Thermcraft, Inc.,
- 12.2.10. International Thermal Systems
- 12.2.1. ANDRITZ AG
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Industrial furnaces Market, report scope
- TABLE 2. Global Industrial furnaces Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Industrial furnaces Market estimates & forecasts by Product Type 2019-2029 (USD Billion)
- TABLE 4. Global Industrial furnaces Market estimates & forecasts by Mode of Operation 2019-2029 (USD Billion)
- TABLE 5. Global Industrial furnaces Market estimates & forecasts by Type 2019-2029 (USD Billion)
- TABLE 6. Global Industrial furnaces Market estimates & forecasts by Fuel Type 2019-2029 (USD Billion)
- TABLE 7. Global Industrial furnaces Market estimates & forecasts by End Use 2019-2029 (USD Billion)
- TABLE 8. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 18. U.S. Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 19. U.S. Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 20. U.S. Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 21. Canada Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 22. Canada Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 23. Canada Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 24. UK Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 25. UK Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 26. UK Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 27. Germany Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 28. Germany Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 29. Germany Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 30. France Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 31. France Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 32. France Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 33. Italy Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 34. Italy Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 35. Italy Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 36. Spain Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 37. Spain Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 38. Spain Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 39. RoE Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 40. RoE Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 41. RoE Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 42. China Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 43. China Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 44. China Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 45. India Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 46. India Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 47. India Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 48. Japan Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 49. Japan Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 50. Japan Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 51. South Korea Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 52. South Korea Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 53. South Korea Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 54. Australia Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 55. Australia Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 56. Australia Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 58. RoAPAC Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 59. RoAPAC Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 60. Brazil Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 61. Brazil Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 62. Brazil Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 63. Mexico Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 64. Mexico Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 65. Mexico Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 66. RoLA Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 67. RoLA Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 68. RoLA Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 69. Row Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 70. Row Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 71. Row Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 72. List of secondary sources, used in the study of global Industrial furnaces Market
- TABLE 73. List of primary sources, used in the study of global Industrial furnaces Market
- TABLE 74. Years considered for the study
- TABLE 75. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Industrial furnaces Market, research methodology
- FIG 2. Global Industrial furnaces Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Industrial furnaces Market, key trends 2021
- FIG 5. Global Industrial furnaces Market, growth prospects 2022-2029
- FIG 6. Global Industrial furnaces Market, porters 5 force model
- FIG 7. Global Industrial furnaces Market, pest analysis
- FIG 8. Global Industrial furnaces Market, value chain analysis
- FIG 9. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Industrial furnaces Market, regional snapshot 2019 & 2029
- FIG 15. North America Industrial furnaces Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Industrial furnaces Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Industrial furnaces Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Industrial furnaces Market 2019 & 2029 (USD Billion)
- FIG 19. Global Industrial furnaces Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.