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Industrial Furnaces: Global Markets

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    Report

  • 223 Pages
  • January 2024
  • Region: Global
  • BCC Research
  • ID: 4716281

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
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
  • Acronyms/Abbreviations
List of Tables
Summary Table: Global Market for Industrial Furnaces, by Region, Through 2028
Table 1: Industrial Furnace Breakdown, by Application
Table 2: Industrial Furnace Breakdown, by Technology
Table 3: Global Market for Industrial Furnaces, by Fuel Type, Through 2028
Table 4: Global Market for Electric Industrial Furnaces, by Region, Through 2028
Table 5: Global Market for Natural Gas-Fired Industrial Furnaces, by Region, Through 2028
Table 6: Global Market for Petroleum Coke and Coal-Fired Industrial Furnaces, by Region, Through 2028
Table 7: Global Market for Other Types of Fuel for Industrial Furnaces, by Region, Through 2028
Table 8: Global Market for Industrial Furnaces, by Product Type, Through 2028
Table 9: Global Market for Tube or Clamshell Type of Industrial Furnaces, by Region, Through 2028
Table 10: Global Market for Box Type of Industrial Furnaces, by Region, Through 2028
Table 11: Global Market for Bottom Loading and Car Bottom Types of Industrial Furnaces, by Region, Through 2028
Table 12: Global Market for Other Types of Industrial Furnaces, by Region, Through 2028
Table 13: Global Market for Industrial Furnaces, by Temperature Range, Through 2028
Table 14: Global Market for Below 800°C Industrial Furnaces, by Region, Through 2028
Table 15: Global Market for 801°C to 1000°C Industrial Furnaces, by Region, Through 2028
Table 16: Global Market for 1001°C to 1200°CIndustrial Furnaces, by Region, Through 2028
Table 17: Global Market for Above 1201°C Industrial Furnaces, by Region, Through 2028
Table 18: Global Market for Industrial Furnaces, by Mode of Operation, Through 2028
Table 19: Global Market for Batch Industrial Furnaces, by Region, Through 2028
Table 20: Global Market for Continuous Industrial Furnaces, by Region, Through 2028
Table 21: Global Market for Industrial Furnaces, by Application, Through 2028
Table 22: Global Market for Industrial Furnaces for Calcining, by Region, Through 2028
Table 23: Global Market for Industrial Furnaces for Ceramics Production, by Region, Through 2028
Table 24: Global Market for Industrial Furnaces for Glass Production, by Region, Through 2028
Table 25: Global Market for Industrial Furnaces for Energy and Power, by Region, Through 2028
Table 26: Global Market for Industrial Furnaces for Additive Manufacturing, by Region, Through 2028
Table 27: Global Market for Industrial Furnaces for Other Applications, by Region, Through 2028
Table 28: Global Market for Industrial Furnaces, by End-Use Industry, Through 2028
Table 29: Global Market for Industrial Furnaces for Metals and Mining Industry, by Region, Through 2028
Table 30: Global Market for Industrial Furnaces for Chemicals and Petrochemicals, by Region, Through 2028
Table 31: Global Market for Industrial Furnaces for the Oil & Gas Industry, by Region, Through 2028
Table 32: Global Market for Industrial Furnaces for the Aerospace Industry, by Region, Through 2028
Table 33: Global Market for Industrial Furnaces for the Automotive Industry, by Region, Through 2028
Table 34: Global Market for Industrial Furnaces for the Other End-Use Industries, by Region, Through 2028
Table 35: Global Market for Industrial Furnaces, by Region, Through 2028
Table 36: North American Market for Industrial Furnaces, by Country, Through 2028
Table 37: North American Market for Industrial Furnaces, by Fuel Type, Through 2028
Table 38: North American Market for Industrial Furnaces, by Product Type, Through 2028
Table 39: North American Market for Industrial Furnaces, by Temperature Range, Through 2028
Table 40: North American Market for Industrial Furnaces, by Mode of Operation, Through 2028
Table 41: North American Market for Industrial Furnaces, by Application, Through 2028
Table 42: North American Market for Industrial Furnaces, by End-Use Industry, Through 2028
Table 43: European Market for Industrial Furnaces, by Country, Through 2028
Table 44: European Market for Industrial Furnaces, by Fuel Type, Through 2028
Table 45: European Market for Industrial Furnaces, by Product Type, Through 2028
Table 46: European Market for Industrial Furnaces, by Temperature Range, Through 2028
Table 47: European Market for Industrial Furnaces, by Mode of Operation, Through 2028
Table 48: European Market for Industrial Furnaces, by Application, Through 2028
Table 49: European Market for Industrial Furnaces, by End-Use Industry, Through 2028
Table 50: Asia-Pacific Market for Industrial Furnaces, by Country, Through 2028
Table 51: Asia-Pacific Market for Industrial Furnaces, by Fuel Type, Through 2028
Table 52: Asia-Pacific Market for Industrial Furnaces, by Product Type, Through 2028
Table 53: Asia-Pacific Market for Industrial Furnaces, by Temperature Range, Through 2028
Table 54: Asia-Pacific Market for Industrial Furnaces, by Mode of Operation, Through 2028
Table 55: Asia-Pacific Market for Industrial Furnaces, by Application, Through 2028
Table 56: Asia-Pacific Market for Industrial Furnaces, by End-Use Industry, Through 2028
Table 57: Rest of World Market for Industrial Furnaces, by Sub-region, Through 2028
Table 58: Rest of World Market for Industrial Furnaces, by Fuel Type, Through 2028
Table 59: Rest of World Market for Industrial Furnaces, by Product Type, Through 2028
Table 60: Rest of World Market for Industrial Furnaces, by Temperature Range, Through 2028
Table 61: Rest of World Market for Industrial Furnaces, by Mode of Operation, Through 2028
Table 62: Rest of World Market for Industrial Furnaces, by Application, Through 2028
Table 63: Rest of World Market for Industrial Furnaces, by End-Use Industry, Through 2028
Table 64: Patents Published on Industrial Furnaces, January 2021-September 2023*
Table 65: Number of Patents Published on Industrial Furnace, by Top 20 Companies, 2022 and 2023
Table 66: M&A Deals in the Market for Industrial Furnaces, January 2021-September 2023
Table 67: Venture Capital in Industrial Furnace, 2020
Table 68: Competitive Information for Top Players in the Global Market for Industrial Furnaces, 2022
Table 69: Product Launches in the Global Market for Industrial Furnaces, October 2020 to October 2023
Table 70: Contracts in the Global Market for Industrial Furnaces, May 2021 to November 2023
Table 71: Expansion in the Global Market for Industrial Furnaces, August 2022 to May 2023
Table 72: List of Associations Used in Industrial Furnace Industry
Table 73: Andritz AG: Company Snapshot
Table 74: Andritz: Financial Overview, 2020-2022
Table 75: Andritz: Key Developments, 2022-2023
Table 76: Andritz: Product Offering
Table 77: Carbolite Gero: Company Snapshot
Table 78: Carbolite Gero: Key Developments, 2022-2023
Table 79: Carbolite Gero: Product Portfolio
Table 80: Ebner Group: Company Snapshot
Table 81: Ebner Group: Product Portfolio
Table 82: Epcon Industrial Systems LP: Company Snapshot
Table 83: Epcon Industrial Systems LP: Product Portfolio
Table 84: Gasbarre Products Inc.: Company Snapshot
Table 85: Gasbarre Products Inc.: Product Portfolio
Table 86: Inductotherm Europe Ltd.: Company Snapshot
Table 87: Inductotherm Europe Ltd.: Product Portfolio
Table 88: International Thermal Systems: Company Snapshot
Table 89: International Thermal Systems: Product Portfolio
Table 90: Ipsen: Company Snapshot
Table 91: Ipsen: Product Portfolio
Table 92: Nutec Bickley: Company Snapshot
Table 93: Nutec Bickley: Product Portfolio
Table 94: Schmidt + Clemens: Company Snapshot
Table 95: Schmidt + Clemens: Financial Overview, 2022
Table 96: Schmidt + Clemens: Product Portfolio
Table 97: Seco/Warwick: Company Snapshot
Table 98: Seco/Warwick: Financial Overview, 2020-2022
Table 99: Seco/Warwick: Product Portfolio
Table 100: List of Small Players in the Market for Industrial Furnaces
Table 101: Acronyms and Abbreviations Used in This Report
List of Figures
Summary Figure: Global Market Shares of Industrial Furnaces, by Region, 2022
Figure 1: Industrial Furnace Auxiliary Systems
Figure 2: Value Chain Analysis of the Market for Industrial Furnaces
Figure 3: Porter's Five Forces Model for the Market for Industrial Furnaces
Figure 4: PESTLE Analysis for Market for Industrial Furnaces
Figure 5: Global Market Drivers of Industrial Furnaces
Figure 6: Industrial Production Index in China, 2018-2022
Figure 7: Global Outlook for Crude Steel Production, by Select Countries, 2020-2022
Figure 8: Restraints in the Market for Industrial Furnaces
Figure 9: Current Trends in the Market for Industrial Furnaces
Figure 10: Opportunities in the Market for Industrial Furnaces
Figure 11: Global Market Shares of Industrial Furnaces, by Fuel Type, 2022
Figure 12: Global Market Shares of Industrial Furnaces, by Fuel Type, 2028
Figure 13: Global Market Shares of Electric Industrial Furnaces, by Region, 2022
Figure 14: Global Market Shares of Electric Industrial Furnaces, by Region, 2028
Figure 15: Global Market Shares of Natural Gas-Fired Industrial Furnaces, by Region, 2022
Figure 16: Global Market Shares of Natural Gas-Fired Industrial Furnaces, by Region, 2028
Figure 17: Global Market Shares of Petroleum Coke and Coal-Fired Industrial Furnaces, by Region, 2022
Figure 18: Global Market Shares of Petroleum Coke and Coal-Fired Industrial Furnaces, by Region, 2028
Figure 19: Global Market Shares of Other Types of Fuel for Industrial Furnaces, by Region, 2022
Figure 20: Global Market Shares of Other Types of Fuels for Industrial Furnaces, by Region, 2028
Figure 21: Global Market Shares of Industrial Furnaces, by Product Type, 2022
Figure 22: Global Market Shares of Industrial Furnaces, by Product Type, 2028
Figure 23: Global Market Shares of Tube or Clamshell Type of Industrial Furnaces, by Region, 2022
Figure 24: Global Market Shares of Tube or Clamshell Type of Industrial Furnaces, by Region, 2028
Figure 25: Global Market Shares of Box Type of Industrial Furnaces, by Region, 2022
Figure 26: Global Market Shares of Box Type of Industrial Furnaces, by Region, 2028
Figure 27: Global Market Shares of Bottom Loading and Car Bottom Types of Industrial Furnaces, by Region, 2022
Figure 28: Global Market Shares of Bottom Loading and Car Bottom Types of Industrial Furnaces, by Region, 2028
Figure 29: Global Market Shares of Other Types of Industrial Furnaces, by Region, 2022
Figure 30: Global Market Shares of Other Types of Industrial Furnaces, by Region, 2028
Figure 31: Global Market Shares of Industrial Furnaces, by Temperature Range, 2022
Figure 32: Global Market Shares of Industrial Furnaces, by Temperature Range, 2028
Figure 33: Global Market Shares of Below 800°C Industrial Furnaces, by Region, 2022
Figure 34: Global Market Shares of Below 800°C Industrial Furnaces, by Region, 2028
Figure 35: Global Market Shares of 801°C to 1000°C Industrial Furnaces, by Region, 2022
Figure 36: Global Market Shares of 801°C to 1000°C Industrial Furnaces, by Region, 2028
Figure 37: Global Market Shares of 1001°C to 1200°C Industrial Furnaces, by Region, 2022
Figure 38: Global Market Shares of 1001°C to 1200°C Industrial Furnaces, by Region, 2028
Figure 39: Global Market Shares of Above 1201°C Industrial Furnaces, by Region, 2022
Figure 40: Global Market Shares of Above 1201°C Industrial Furnaces, by Region, 2028
Figure 41: Global Market Shares of Industrial Furnaces, by Mode of Operation, 2022
Figure 42: Global Market Shares of Industrial Furnaces, by Mode of Operation, 2028
Figure 43: Global Market Shares of Batch Industrial Furnaces, by Region, 2022
Figure 44: Global Market Shares of Batch Industrial Furnaces, by Region, 2028
Figure 45: Global Market Shares of Continuous Industrial Furnaces, by Region, 2022
Figure 46: Global Market Shares of Continuous Industrial Furnaces, by Region, 2028
Figure 47: Global Market Shares of Industrial Furnaces, by Application, 2022
Figure 48: Global Market Shares of Industrial Furnaces, by Application, 2028
Figure 49: Calcining Applications
Figure 50: Global Market Shares of Industrial Furnaces for Calcining, by Region, 2022
Figure 51: Global Market Shares of Industrial Furnaces for Calcining, by Region, 2028
Figure 52: Global Market Shares of Industrial Furnaces for Ceramics Production, by Region, 2022
Figure 53: Global Market Shares of Industrial Furnaces for Ceramics Production, by Region, 2028
Figure 54: Global Market Shares of Industrial Furnaces for Glass Production, by Region, 2022
Figure 55: Global Market Shares of Industrial Furnaces for Glass Production, by Region 2028
Figure 56: Global Market Shares of Industrial Furnaces for Curing and Forming, by Region, 2022
Figure 57: Global Market Shares of Industrial Furnaces for Curing and Forming, by Region, 2028
Figure 58: Global Market Shares of Industrial Furnaces for Additive Manufacturing, by Region, 2022
Figure 59: Global Market Shares of Industrial Furnaces for Additive Manufacturing, by Region, 2028
Figure 60: Global Market Shares of Industrial Furnaces for Other Applications, by Region, 2022
Figure 61: Global Market Shares of Industrial Furnaces for Other Applications, by Region, 2028
Figure 62: Global Market Shares of Industrial Furnaces, by End-Use Industry, 2022
Figure 63: Global Market Shares of Industrial Furnaces, by End-Use Industry, 2028
Figure 64: Global Market Shares of Industrial Furnaces for Metals and Mining Industry, by Region, 2022
Figure 65: Global Market Shares of Industrial Furnaces for Metals and Mining Industry, by Region, 2028
Figure 66: Global Market Shares of Industrial Furnaces for Chemicals and Petrochemicals, by Region, 2022
Figure 67: Global Market Shares of Industrial Furnaces for Chemicals and Petrochemicals, by Region, 2028
Figure 68: Global Market Shares of Industrial Furnaces for the Oil & Gas Industry, by Region, 2022
Figure 69: Global Market Shares of Industrial Furnaces for the Oil & Gas Industry, by Region, 2028
Figure 70: Global Market Shares of Industrial Furnaces for the Aerospace Industry, by Region, 2022
Figure 71: Global Market Shares of Industrial Furnaces for the Aerospace Industry, by Region, 2028
Figure 72: Global Market Shares of Industrial Furnaces for the Automotive Industry, by Region, 2022
Figure 73: Global Market Shares of Industrial Furnaces for the Automotive Industry, by Region, 2028
Figure 74: Global Market Shares of Industrial Furnaces for the Other End-Use Industries, by Region, 2022
Figure 75: Global Market Shares of Industrial Furnaces for the Other End-Use Industries, by Region, 2028
Figure 76: Global Market Shares of Industrial Furnaces, by Region, 2022
Figure 77: Global Market Shares of Industrial Furnaces, by Region, 2028
Figure 78: North American Market Shares of Industrial Furnaces, by Country, 2022
Figure 79: North American Market Shares of Industrial Furnaces, by Country, 2028
Figure 80: North American Market Shares of Industrial Furnaces, by Fuel Type, 2022
Figure 81: North American Market Shares of Industrial Furnaces, by Fuel Type, 2028
Figure 82: North American Market Shares of Industrial Furnaces, by Product Type, 2022
Figure 83: North American Market Shares of Industrial Furnaces, by Product Type, 2028
Figure 84: North American Market Shares of Industrial Furnaces, by Temperature Range, 2022
Figure 85: North American Market Shares of Industrial Furnaces, by Temperature Range, 2028
Figure 86: North American Market Shares of Industrial Furnaces, by Mode of Operation, 2022
Figure 87: North American Market Shares of Industrial Furnaces, by Mode of Operation, 2028
Figure 88: North American Market Shares of Industrial Furnaces, by Application, 2022
Figure 89: North American Market Shares of Industrial Furnaces, by Application, 2028
Figure 90: North American Market Shares of Industrial Furnaces, by End-Use Industry, 2022
Figure 91: North American Market Shares of Industrial Furnaces, by End-Use Industry, 2028
Figure 92: European Market Shares of Industrial Furnaces, by Country, 2022
Figure 93: European Market Shares of Industrial Furnaces, by Country, 2028
Figure 94: European Market Shares of Industrial Furnaces, by Fuel Type, 2022
Figure 95: European Market Shares of Industrial Furnaces, by Fuel Type, 2028
Figure 96: European Market Shares of Industrial Furnaces, by Product Type, 2022
Figure 97: European Market Shares of Industrial Furnaces, by Product Type, 2028
Figure 98: European Market Shares of Industrial Furnaces, by Temperature Range, 2022
Figure 99: European Market Shares of Industrial Furnaces, by Temperature Range, 2028
Figure 100: European Market Shares of Industrial Furnaces, by Mode of Operation, 2022
Figure 101: European Market Shares of Industrial Furnaces, by Mode of Operation, 2028
Figure 102: European Market Shares of Industrial Furnaces, by Application, 2022
Figure 103: European Market Shares of Industrial Furnaces, by Application, 2028
Figure 104: European Market Shares of Industrial Furnaces, by End-Use Industry, 2022
Figure 105: European Market Shares of Industrial Furnaces, by End-Use Industry, 2028
Figure 106: Asia-Pacific Market Shares of Industrial Furnaces, by Country, 2022
Figure 107: Asia-Pacific Market Shares of Industrial Furnaces, by Country, 2028
Figure 108: Asia-Pacific Market Shares of Industrial Furnaces, by Fuel Type, 2022
Figure 109: Asia-Pacific Market Shares of Industrial Furnaces, by Fuel Type, 2028
Figure 110: Asia-Pacific Market Shares of Industrial Furnaces, by Product Type, 2022
Figure 111: Asia-Pacific Market Shares of Industrial Furnaces, by Product Type, 2028
Figure 112: Asia-Pacific Market Shares of Industrial Furnaces, by Temperature Range, 2022
Figure 113: Asia-Pacific Market Shares of Industrial Furnaces, by Temperature Range, 2028
Figure 114: Asia-Pacific Market Shares of Industrial Furnaces, by Mode of Operation, 2022
Figure 115: Asia-Pacific Market Shares of Industrial Furnaces, by Mode of Operation, 2028
Figure 116: Asia-Pacific Market Shares of Industrial Furnaces, by Application, 2022
Figure 117: Asia-Pacific Market Shares of Industrial Furnaces, by Application, 2028
Figure 118: Asia-Pacific Market Shares of Industrial Furnaces, by End-Use Industry, 2022
Figure 119: Asia-Pacific Market Shares of Industrial Furnaces, by End-Use Industry, 2028
Figure 120: Rest of World Market Shares of Industrial Furnaces, by Sub-region, 2022
Figure 121: Rest of World Market Shares of Industrial Furnaces, by Sub-region, 2028
Figure 122: Rest of World Market Shares of Industrial Furnaces, by Fuel Type, 2022
Figure 123: Rest of World Market Shares of Industrial Furnaces, by Fuel Type, 2028
Figure 124: Rest of World Market Shares of Industrial Furnaces, by Product Type, 2022
Figure 125: Rest of World Market Shares of Industrial Furnaces, by Product Type, 2028
Figure 126: Rest of World Market Shares of Industrial Furnaces, by Temperature Range, 2022
Figure 127: Rest of World Market Shares of Industrial Furnaces, by Temperature Range, 2028
Figure 128: Rest of World Market Shares of Industrial Furnaces, by Mode of Operation, 2022
Figure 129: Rest of World Market Shares of Industrial Furnaces, by Mode of Operation, 2028
Figure 130: Rest of World Market Shares of Industrial Furnaces, by Application, 2022
Figure 131: Rest of World Market Shares of Industrial Furnaces, by Application, 2028
Figure 132: Rest of World Market Shares of Industrial Furnaces, by End-Use Industry, 2022
Figure 133: Rest of World Market Shares of Industrial Furnaces, by End-Use Industry, 2028
Figure 134: Share of Patents Published on Industrial Furnace, by Assignee Country, 2022
Figure 135: Share of Patents Published on Industrial Furnace, by Assignee Country, 2023
Figure 136: Total Value of M&A in the Market for Industrial Furnaces, by Year, 2021-2023*
Figure 137: Share of M&A Deals in the Market for Industrial Furnaces, by Region, 2021-2023*
Figure 138: Analysis of Strategies Adopted by Top Players in the Global Market for Industrial Furnaces, 2022
Figure 139: Seco/Warwick: Financial Overview, 2020-2022
Figure 140: Andritz: Revenue Share, by Business Segment, 2022
Figure 141: Andritz: Revenue Share, by Region, 2022
Figure 142: Seco/Warwick: Financial Overview, 2020-2022
Figure 143: Seco/Warwick: Revenue Share, by Business Segment, 2022
Figure 144: Seco/Warwick: Revenue Share, by Region/Country, 2022

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Executive Summary

Highly fragmented and exceptionally diverse, the global market for industrial furnaces is advancing rapidly due to international economic development combined with regional manufacturing trends and the influence of transitional technologies and systems. The rising rate of urbanization and ongoing development in infrastructural activities creates demand for metal products, which is in turn driving the installation of furnaces. Also, technological developments in industrial furnaces have increased production efficiency and reduced the downtime. The industrial furnaces market is a highly competitive market owing to the presence of a large number of small players.

Rapid industrialization is one of the key factors contributing to the rise in demand for industrial furnaces, which helps drive market growth. In the post-pandemic era, the world witnessed growth in manufacturing production across various countries and major sectors in 2021. According to the World Manufacturing Production report, global manufacturing output maintained a stable year-over-year growth rate between 3% and 4% in 2021, and it is projected to increase in the coming years. Such growth factors in the manufacturing sector are anticipated to increase the demand for furnaces for various industrial processes, augmenting market growth.

Industrial furnaces are used in a wide array of industrial processes and applications considered in this study, including metals and metallurgy, calcining, ceramics production, glass production, chemicals, and petrochemicals, curing and forming, additive manufacturing and other industrial furnace applications. These applications are served by the five key types of furnaces considered in the scope of this study: electric resistance furnaces, electric induction furnaces, natural gas-fired furnaces, petroleum coke- and coal-fired furnaces, and furnaces fired by other fuels.

According to the research estimates, by the end of 2028, the global value of the industrial furnaces market is expected to reach $14.7 billion. The global market is projected to grow at a compound annual growth rate (CAGR) of 4.5% during the forecast period.

Companies Mentioned

  • 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

Table Information