Highlights:
The global market for industrial furnaces is expected to grow from $11.8 billion in 2023 to $14.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.5% from 2023 through 2028.
The Asia-Pacific market for industrial furnaces is expected to grow from $4.9 billion in 2023 to $5.9 billion by the end of 2028, at a CAGR of 3.6% from 2023 through 2028.
The European market for industrial furnaces is expected to grow from $3.2 billion in 2023 to $4.3 billion by the end of 2028, at a CAGR of 6.1% from 2023 through 2028.
Report Scope:
This report analyzes different segments including fuel type, product type, temperature range, mode of operation, application, end-use industries and regional market development of industrial furnaces. Furthermore, we have covered major countries in this report, such as the U.S., Germany, China, India and others, where the opportunities for industrial furnaces are lucrative.
The report is prepared in an easy-to-understand format; tables and figures are included to illustrate historical, current and future market scenarios. The study covers leading companies with information on product types, business footprint, revenue, employee strength, etc. We have also provided a list of other companies in the global and regional markets with their product-related information. The analyst has also conducted a patent analysis for the industrial furnaces market, which represents a significant investment area for investors. The study includes chapters on ESG developments and emerging technologies, and it surveys the competitive landscape of the industrial furnaces market so that the reader can understand the major factors driving competition in this market more precisely. The report incorporates the impacts of the COVID-19 pandemic and the Russia-Ukraine war on the global and regional markets. The study does not cover industrial boilers, residential and commercial furnaces.
In this study, 2022 is used as the market's base year; estimated values are provided for 2023; and the market values are forecast from 2023 to 2028. All market values are provided in millions of dollars, and market shares and CAGRs are provided in percentages.
Report Includes:
- 67 data tables and 35 additional tables
- An overview of the current and future global markets for industrial furnaces
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
- Estimate of the actual market size and revenue forecast for the global market, and corresponding market share analysis based on product type, fuel type, temperature range, mode of operation, application, end-use industry and region
- Discussion of the major factors influencing the growth of this market, including emerging technologies, future demand and regulations
- Analysis of market growth opportunities with a holistic review of the Porter's Five Forces model, a value chain analysis and case studies
- Understanding of the importance of ESG, including an assessment of risks and opportunities, impact of ESG factors on company performance, and the ESG practices followed in the manufacturing industry
- An analysis of relevant patents
- Overview of the major vendors along with an analysis of company market shares, recent M&A activity and venture funding
- An analysis of the competitive landscape based on recent developments, key financials and revenues by segment
- Profiles of the leading companies
Table of Contents
Chapter 1 Introduction
- Overview
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- What's New in This Update?
- Research Methodology
- Information Sources
- Geographic Breakdown
- Segmentation Breakdown
Chapter 2 Summary and Highlights
- Market Outlook
- Market Summary
Chapter 3 Market Overview
- Current Market Overview
- Types of Industrial Furnaces
- Ashing Furnaces
- Calcination Furnaces
- Tempering Furnaces
- Annealing Furnaces
- Sintering Furnaces
- Tensile Testing Furnaces
- Rotary Tube Furnaces
- Blast Furnaces
- Methods for Heating Furnaces
- Electric-Powered Furnaces
- Liquid-Fueled Furnaces
- Gas-Powered Furnaces
- Furnace Regulations
- Safety Regulations
- Industrial Furnace Breakdown by Application
- Industrial Furnace Auxiliary Systems
- Value Chain Analysis
- Porter's Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The Threat of New Entrants
- Threat of Substitutes
- Competition in the Industry
- PESTLE Analysis
- Impact of COVID-19 and Russia-Ukraine War on the Global Market
- Russia-Ukraine War Impact on the Global Market for Industrial Furnaces
Chapter 4 Market Dynamics
- Overview
- Market Drivers
- Market Restraints
- Current Market Trends
- Market Opportunities
Chapter 5 Emerging Technologies and Developments
- Technology Overview
- Industrial Furnace Technologies and Classifications
- New Developments in the Furnace Industry
- Features of an Efficient Furnace
- Sensors for Industrial Furnace
Chapter 6 Market Breakdown by Fuel Type
- Overview
- Electric Furnaces
- Natural Gas-Fired Furnaces
- Petroleum Coke and Coal-Fired Furnaces
- Other Fuels
Chapter 7 Market Breakdown by Product Type
- Overview
- Tube or Clamshell Type
- Box Type
- Bottom Loading and Car Bottom Furnaces
- Others
Chapter 8 Market Breakdown by Temperature Range
- Overview
- Below 800°C
- 801°C to 1000°C
- 1001°C to 1200°C
- Above 1201°C
Chapter 9 Market Breakdown by Mode of Operation
- Overview
- Batch Furnace
- Continuous Furnace
Chapter 10 Market Breakdown by Application
- Overview
- Calcining
- Ceramics Production
- Glass Production
- Curing and Forming
- Additive Manufacturing
- Other Applications
Chapter 11 Market Breakdown by End-Use Industry
- Overview
- Metals and Mining
- Chemicals and Petrochemicals
- Oil & Gas
- Aerospace
- Automotive
- Other Industries
Chapter 12 Market Breakdown by Region
- Overview
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of World
- Middle East and Africa
- South America
Chapter 13 Sustainability in Industrial Furnace Industry: An ESG Perspective
- Overview
- Importance of ESG for Furnace Industry
- Application of ESG in Furnace Industry
- Environment Impact
- Social Impact
- Government Impact
- Current Status of ESG in the Market for Industrial Furnaces
- Case Study
- Andritz
- Concluding Remarks from BCC
Chapter 14 Patent Analysis
- Overview
- Description of Patents Related to Industrial Furnaces, 2022-2023
Chapter 15 M&A and Venture Funding Outlook
- M&A Analysis
- Venture Capital in Industrial Furnace Industry
Chapter 16 Competitive Intelligence
- Overview
- Market Share Analysis
- Strategic Analysis
- Key Developments
- List of Associations Referred for Market for Industrial Furnaces
Chapter 17 Company Profiles
- Overview
- ANDRITZ AG
- CARBOLITE GERO
- EBNER GROUP
- EPCON INDUSTRIAL SYSTEMS LP
- GASBARRE PRODUCTS INC.
- INDUCTOTHERM EUROPE LTD.
- INTERNATIONAL THERMAL SYSTEMS
- IPSEN
- NUTEC BICKLEY
- SCHMIDT + CLEMENS GMBH + CO. KG
- SECO/WARWICK
- List of Small Players
Chapter 18 Appendix: List of Acronyms
