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 contains market size and forecasts of Industrial Furnaces and Ovens in global, including the following market information:
Global Industrial Furnaces and Ovens Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Industrial Furnaces and Ovens Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Industrial Furnaces and Ovens companies in 2021 (%)
The global Industrial Furnaces and Ovens market was valued at 10850 million in 2021 and is projected to reach US$ 12060 million by 2028, at a CAGR of 1.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Combustion Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Industrial Furnaces and Ovens include Andritz, Tenova, Despatch, Primetals Technologies, Aichelin Group, ALD, Inductotherm Corporation, SECO/WARWICK and Ipsen, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has 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, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Industrial Furnaces and Ovens Market Segment Percentages, by Type, 2021 (%)
Combustion Type
Electric Type
Global Industrial Furnaces and Ovens Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Industrial Furnaces and Ovens Market Segment Percentages, by Application, 2021 (%)
Metallurgy
Petrochemical Industry
Material Handling
Other
Global Industrial Furnaces and Ovens Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Industrial Furnaces and Ovens Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (Estimated), ($ millions)
Key companies Industrial Furnaces and Ovens revenues share in global market, 2021 (%)
Key companies Industrial Furnaces and Ovens sales in global market, 2017-2022 (Estimated), (Units)
Key companies Industrial Furnaces and Ovens sales share in global market, 2021 (%)
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