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.
This report aims to provide a comprehensive presentation of the global market for Industrial Furnaces and Ovens, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Furnaces and Ovens. This report contains market size and forecasts of Industrial Furnaces and Ovens in global, including the following market information:
- Global Industrial Furnaces and Ovens Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Industrial Furnaces and Ovens Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Industrial Furnaces and Ovens companies in 2022 (%)
The global Industrial Furnaces and Ovens market was valued at US$ 10850 million in 2022 and is projected to reach US$ 12060 million by 2029, at a CAGR of 1.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Industrial Furnaces and Ovens market include Andritz, Tenova, Despatch, etc. The top 3 players occupy about 10% shares of the global market. Europe and China are main markets, they occupy about 65% of the global market. Electric Type is the main type, with a share about 75%. Material Handling is the main application, which holds a share about 35%.
We surveyed the Industrial Furnaces and Ovens manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Industrial Furnaces and Ovens Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Industrial Furnaces and Ovens Market Segment Percentages, by Type, 2022 (%)
- Combustion Type
- Electric Type
Global Industrial Furnaces and Ovens Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Industrial Furnaces and Ovens Market Segment Percentages, by Application, 2022 (%)
- Metallurgy
- Petrochemical Industry
- Material Handling
- Other
Global Industrial Furnaces and Ovens Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Industrial Furnaces and Ovens Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Industrial Furnaces and Ovens revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Industrial Furnaces and Ovens revenues share in global market, 2022 (%)
- Key companies Industrial Furnaces and Ovens sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Industrial Furnaces and Ovens sales share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- 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
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Industrial Furnaces and Ovens, market overview.
- Chapter 2: Global Industrial Furnaces and Ovens market size in revenue and volume.
- Chapter 3: Detailed analysis of Industrial Furnaces and Ovens manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Industrial Furnaces and Ovens in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Industrial Furnaces and Ovens capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
