Global Industrial Furnaces and Ovens Market Analysis–Trends, Insights and Forecasts (2021-2027)

  • Publish Date
    January 16, 2022
  • No of Pages
    310
  • SKU Code
    GIR 8040
  • Format

Report Overview

The report will cover the overall analysis and insights in relation to the size and growth rate of the ” Global Industrial Furnaces and Ovens Market ” by various segments at a global and regional level for the 2000-2027 period, with 2000-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Industrial Furnaces and Ovens market – Introduction

  • Industrial furnaces and ovens are an integral part of most manufacturing processes. Industrial furnaces are used to heat or melt metals for casting; and for forming and shaping metals through processes such as forging and rolling or other heat treatment processes. A key factor influencing growth in the global market is the extent of demand for iron and steel from various end-use sectors. In the upcoming years, improving economic environment, expanding industrial sector and introduction of new and efficient systems are expected to drive market growth. Advancements in production and processing technologies in the industrial sector are also expected to add to market growth.
  • The growing concerns for environmental safety are driving demand for electric furnaces across the world, to replace coal-fired furnaces and ovens. Depleting natural resources of iron ore and increasing prices of iron ore also contribute to the rise in adoption of electric furnace steel production by steel makers.
  • Industrial ovens and furnaces are primarily used in industries such as automotive and construction to heat-treat metals in order to produce steam.
  • The global industrial ovens and furnaces market is expected to expand at a rapid pace during the forecast period, owing to increase in the demand for industrial ovens and furnaces in different industries such as construction and automotive

Report Includes

  • The report provides a basic overview of the industry including definitions, classifications and industry chain structure.
  • A brief overview of the commercial potential of products, technologies and applications.
  • Description of properties and manufacturing processes.
  • Discussion of the current state, setbacks, innovations, and the future needs of the market.
  • Up-to-date analyses of market trends and technological improvements in the market
  • Examination of the market by application and by product sizes; utility scale, medium scale and small scale.
  • The report focuses on detailed profile of major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
  • Coverage of historical overview, key industrial development and regulatory framework.
  • To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market
  • A look at the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders

Reports Scope and Segments

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The report covers discussion of economic trends and technology.
  • It also explains the major drivers and current trends within the particular sector.
  • The key countries in all the major regions are mapped on the basis of their market share.
  • Market estimates represent revenue.
  • Discusses trends within the market and provides a future outlook.
  • Reviews business activities of market leaders.
  • This report provides a quantitative analysis of the current trends, estimations, and dynamics.
Attribute Details
Market size available for years 2014–2027
Base year considered 2020
Forecast period 2021–2027
Historical period 2014-2019
Forecast units Value (USD) & Volume (Million Units)
Segmentation By Regions
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
By Countries
United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Brazil, Argentina, Mexico, South Africa and 54 Others.
By  Product Type
Electric Industrial Ovens and Furnaces; Induction & Dielectric Industrial Ovens and Furnaces; Industrial Electric Heating Equipment and Fuel-fired Industrial Ovens and Furnaces.
Power Type
Combustion Type and Electric Type.
By Application
Additive manufacturing; Brazing; Baking; Drying; Coating; Heat treatment and others.
Companies covered AFC-Holcroft; Aichelin Group; Airtec Thermoprocess GmbH; Andritz AG; AVS, Inc.; Can-Eng Furnaces International Limited; Carbolite Gero Ltd.; CERI Phoenix Industrial Furnace CO., LTD.; CM Furnaces, Inc.; Despatch Industries, Inc.; Dijko Ovens BV; Dowa Thermotech Co., Ltd.; ElectroHeat AB; Grieve Corporation; Inductotherm Corporation; Industrial Furnace Company; International Thermal Systems LLC; Ipsen; JLS Redditch, Ltd.; Keith Company; Kilns & Furnaces Ltd.; Nachi-Fujikoshi Corp.; Nitrex Metal Inc.; Nutec Bickley; Primetals Technologies Limited; Rogers Engineering & Manufacturing Co., Inc.; SECO/WARWICK S.A.; Shenwu Technology Group Corp Co., Ltd.; Solar Manufacturing; Solo Swiss Group; Surface Combustion, Inc.; Tenova S.P.A; Thermal Product Solutions; VAC AERO International, Inc.; Wisconsin Oven Corporation and Others.

Segments Covered in Global Industrial Furnaces and Ovens market

  • The global Industrial Furnaces and Ovens market is divided into different segments on the basis of Product Type, Power Type, Application and region. The industrial valves market segment on the basis of Product Type includes Electric Industrial Ovens and Furnaces, Induction & Dielectric Industrial Ovens and Furnaces, Industrial Electric Heating Equipment and Fuel-fired Industrial Ovens and Furnaces. On the basis of Power Type, the Industrial Furnaces and Ovens market segment comprises a Combustion Type and Electric Type. The global Industrial Furnaces and Ovens market segment by the Application involves Additive manufacturing, Brazing, Baking, Drying, Coating,Heat treatment and others.
  • Increase in the adoption of machinery enabled with Industrial Internet of Things (IIoT) and equipped with temperature control sensors and POC analyzers and rise in investments in smart factories are anticipated to fuel the market for industrial ovens and furnaces in the next few years
  • Rising demand for fabricated metals in the automobile industry is anticipated to propel the global industrial ovens and furnaces market during the forecast period.

COVID 19 Impacts on Industrial Furnaces and Ovens

COVID-19 is a new strain of coronavirus that has not been previously identified in humans . Coronaviruses (CoV) are a family of RNA (ribonucleic acid) viruses. COVID-19 started in Asia and is now spreading over the rest of the world via person-to-person contact and community spread. COVID-19 pandemic may have an potential impacts on Global Industrial Furnaces and Ovens Market.

Recent Developments in Global Industrial Furnaces and Ovens market

  • Europe is expected to witness the maximum demand for industrial ovens and furnaces from 2019 to 2027. In terms of consumption, Europe is the leading region of the global industrial ovens and furnaces market. Additionally, Europe is a hub for the automotive industry, owing to presence of top automobile manufacturers with high production capacities such as BMW, Volvo, and Audi.
  • Asia Pacific is anticipated to be the rapidly expanding market for industrial ovens and furnaces between 2019 and 2027. This is primarily due to rapid industrialization in the region. Also, a few notable steelmaking plants are planning to start their projects in China and India in the next few years. This, in turn, is anticipated to fuel the demand for industrial rovens and furnaces in these countries of Asia Pacific in the near future.

Key Market Players in Global Industrial Furnaces and Ovens market

  • The major players in the Global Industrial Furnaces and Ovens market are AFC-Holcroft; Aichelin Group; Airtec Thermoprocess GmbH; Andritz AG; AVS, Inc.; Can-Eng Furnaces International Limited; Carbolite Gero Ltd.; CERI Phoenix Industrial Furnace CO., LTD.; CM Furnaces, Inc.; Despatch Industries, Inc.; Dijko Ovens BV; Dowa Thermotech Co., Ltd.; ElectroHeat AB; Grieve Corporation; Inductotherm Corporation; Industrial Furnace Company; International Thermal Systems LLC; Ipsen; JLS Redditch, Ltd.; Keith Company; Kilns & Furnaces Ltd.; Nachi-Fujikoshi Corp.; Nitrex Metal Inc.; Nutec Bickley; Primetals Technologies Limited; Rogers Engineering & Manufacturing Co., Inc.; SECO/WARWICK S.A.; Shenwu Technology Group Corp Co., Ltd.; Solar Manufacturing; Solo Swiss Group; Surface Combustion, Inc.; Tenova S.P.A;  Thermal Product Solutions; VAC AERO International, Inc.; Wisconsin Oven Corporation and Others.
  • Fuel-fired furnaces find applications in industries such as brick making, glass, ceramics and others, which use kilns for the generation of heat in their applications.
  • Also, the Industrial Furnaces and Ovens market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
  • Numerous local, regional, and international players operate in the global industrial ovens and furnaces market. Hence, the market is fairly fragmented and the bargaining power of suppliers is low. The degree of competition among market players is also high. Manufacturers of industrial ovens and furnaces are adopting key strategies of new product development and acquisitions to cater to the needs of end-users.

Objectives of the Global Industrial Furnaces and Ovens market Study

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the Global Industrial Furnaces and Ovens market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total Global Industrial Furnaces and Ovens market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the Global Industrial Furnaces and Ovens market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

Note

  • Global Industry Reports will also support you post-purchase for a period of 6 months to answer any of your queries related to the following market and to provide you any more data if you need, for your analysis.
  • Also, you can buy some selected Chapters from the report.

INTRODUCTION

Objectives of the study

Global Industrial Furnaces and Ovens market definition

Global Industrial Furnaces and Ovens market scope

Global Industrial Furnaces and Ovens market Stakeholders

Global Industrial Furnaces and Ovens market Limitations

Summary of changes

RESEARCH METHODOLOGY

Research data

Secondary data

Primary data

Global Industrial Furnaces and Ovens market size estimation

Global Industrial Furnaces and Ovens market breakdown & data triangulation

Global Industrial Furnaces and Ovens market share analysis

Global Industrial Furnaces and Ovens market Risk assessment/limitations

Assessment of the impact of covid-19 on the economic scenario

EXECUTIVE SUMMARY

GLOBAL INDUSTRIAL FURNACES AND OVENS MARKET OUTLOOK / MARKET OVERVIEW

Introduction

Market dynamics

Market drivers

Countries

Market restraints

Opportunities

Challenges

Rise in collaboration activities among industry players.

INDUSTRY INSIGHTS

Introduction

Industry trends

Strategic benchmarking

Pricing analysis

Value chain analysis

Ecosystem analysis

Patent analysis

Trade analysis

IMPACT OF COVID-19 ON THE GLOBAL INDUSTRIAL FURNACES AND OVENS MARKET

GLOBAL INDUSTRIAL FURNACES AND OVENS MARKET BY PRODUCT TYPE

Electric Industrial Ovens and Furnaces

Induction & Dielectric Industrial Ovens and Furnaces

Industrial Electric Heating Equipment

Fuel-fired Industrial Ovens and Furnaces

GLOBAL INDUSTRIAL FURNACES AND OVENS MARKET BY POWER TYPE

Combustion Type

Electric Type

GLOBAL INDUSTRIAL FURNACES AND OVENS MARKET BY APPLICATION

Additive manufacturing

Brazing

Baking

Drying

Coating

Heat treatment

Others

GLOBAL INDUSTRIAL FURNACES AND OVENS  MARKET BY GEOGRAPHY

Overview

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa

GLOBAL INDUSTRIAL FURNACES AND OVENS MARKET COMPETITIVE LANDSCAPE

Introduction

Footprint analysis of the top players in the global Industrial Furnaces and Ovens market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario

COMPANY PROFILES

(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. Alfa Laval
  2. AFC-Holcroft
  3. Aichelin Group
  4. Airtec Thermoprocess GmbH
  5. Can-Eng Furnaces International Limited
  6. CERI Phoenix Industrial Furnace CO., LTD.
  7. CM Furnaces, Inc.
  8. Despatch Industries, Inc.
  9. Dijko Ovens BV
  10. ElectroHeat AB; Grieve Corporation
  11. Industrial Furnace Company
  12. International Thermal Systems LLC
  13. JLS Redditch, Ltd.
  14. Kilns & Furnaces Ltd.
  15. Nachi-Fujikoshi Corp.
  16. Nitrex Metal Inc.
  17. Primetals Technologies Limited
  18. Rogers Engineering & Manufacturing Co., Inc.
  19. SECO/WARWICK S.A.
  20. Solo Swiss Group
  21. Surface Combustion, Inc.
  22. Thermal Product Solutions
  23. VAC AERO International, Inc.
  24. Wisconsin Oven Corporation
  25. Others 120+.

APPENDIX

  • Discussion guide
  • Available customizations
  • Related reports

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?

The Global Market for Industrial Furnaces and Ovens was estimated to be valued at $8.0 Billion in 2020.

The growth rate of the Global Market for Industrial Furnaces and Ovens is 2.4%, with an estimated value of $9.4 Billion by 2027.

Players in this market have adopted expansions, acquisitions, and agreements strategies to increase their market share.

Key companies in the Global Market for Industrial Furnaces and Ovens include AFC, Dijko Ovens BV; Dowa Thermotech Co., Ltd.; ElectroHeat AB; Holcroft, Aichelin Group, Airtec Thermoprocess GmbH, Andritz AG, Can, Eng Furnaces International Limited; Tenova S.P.A; Thermal Product Solutions;  and CERI Phoenix Industrial Furnace CO., LTD.

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