Key Highlights
• Industrial furnaces are hot melts used for processing and preserving solid and liquid raw materials at high temperatures. It is a heat treatment that involves heating to temperatures above 1,000 degrees Fahrenheit. Industrial furnaces are widely used in industries such as manufacturing, steel production, glass production, stainless steel production, calcination in cement production, ceramic production. The main purpose of using a heating system is to use heat efficiently (less loss) and to control and maintain the different phases (gas, liquid or solid) that move at different speeds, hot and cold, so that there is no corrosion and corrosion. Little stop on refractory materials.
• The market size of the worldwide Industrial Furnaces Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In July 2021, Valin joined ArcelorMittal Automotive Steel Co., Ltd. ordered a galvanizing furnace from the international technology group ANDRITZ for the production of new coatings for third-generation high-grade steel.
• One of the main factors driving the growth of the commercial furnace market is the continued demand for steel, as well as other important materials and metals. In addition, factors such as greater adoption of electric vehicles due to advances in technology and increased demand for light duty are driving the growth of international trade. Also, many electronics manufacturers use electricity to manufacture and repair electronic components used in automobile assembly. Developments in the production of heavy metal products in the automotive industry, combined with increased vehicle production and sales, are driving the growth of the industry. In addition, the use of the latest technologies such as Industry 4.0 has increased, and the Industrial Internet of Things (IIoT) have changed the entire landscape of industrial furnaces through efficiency and automation. Such technologies therefore present an opportunity for power generation companies to be early adopters of cutting-edge technologies.
Scope of the Industry Profile
Key Players
• Epcon Industrial Systems, LP (US)
• International Thermal Systems (US)
• Industrial Furnace Company (US)
• Nutec Bickley (Mexico)
• L&L Special Furnace Co. Inc. (US)
• Thermcraft Inc. (US)
• Schmidt + Clemens Gmbh + Co. KG (Germany)
• ANDRITZ (Austria)
• LÖCHER Industrieofen (Germany)
• Carbolite Gero Limited (UK)
Segmentation
By Heating Method
• Electric Powered
• Liquid Fuel
• Electric Arc
• Gas
By Furnace Type
• Annealing Furnace
• Ashing Furnace
• Bell Furnace
• Box Furnace
• Calcination Furnace
• Pit Furnace
• Process Furnace
• Rotary Tube Furnace
By Flame Type
• Type A
• Type C
• Type E
• Type F
• Type G
• Type H
By Application
• Automotive Manufacturing
• Oil and Gas, Metallurgy
• Steel and Iron Production
• Food Processing
• Other Applications
What to Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Industrial Furnaces market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Industrial Furnaces market.
3. Leading company profiles reveal details of key Industrial Furnaces market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Industrial Furnaces market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In July 2021, Valin joined ArcelorMittal Automotive Steel Co., Ltd. ordered a galvanizing furnace from the international technology group ANDRITZ for the production of new coatings for third-generation high-grade steel.
• In May 2022, Ipsen installed a second vacuum Turbo Processor in Temprasud, Italy. The new bakery will help them continue to develop their business in the automotive industry, with plans to expand into the aerospace industry.
Segment Insights
By Furnace Type
The annealing segment must dominate the global market during its runtime. On an end-user basis, the market is segmented into Metals & Mining, Transport, Oil & Gas, Chemicals, and others. The metals and mining segment is expected to lead the market during the forecast period. Depending on the configuration, the market can be tubular or hooded, box, bottom-loading car bottom furnace, top-loading furnace, etc. divided into sections.
By Application
The demand for commercial furnaces in the automotive industry is driven by several factors. First, the automotive industry must have a clear heat treatment process and control equipment such as engine parts, chassis and transmission. The generator has the temperature and environment required for processes such as annealing, hardening and tempering to provide the mechanical properties required by this important product. Second, as the automotive industry realizes developments such as electric vehicles (EVs) and heavy equipment, the need for special heat treatment processes is increasing. Furnaces play an important role in the production and reinforcement of materials used in electric vehicle batteries, deep alloys and composite materials. Finally, business concerns about quality, efficiency and safety are driving the use of electronically and digitally controlled furnaces that provide temperature control, reduce cycle time and provide traceable process information. With these conditions, the demand for electronic products in the automotive industry continues to meet the traditional production requirements.
Regional Insights
Demand for Industrial furnaces in North America is driven by many services to the region's strong manufacturing and energy industries. First, technological development has led to the development of more energy efficient and environmentally friendly energy production. As regulatory and safety concerns increase, businesses are looking for modern electronic products that reduce emissions and energy consumption. Secondly, the revival of production in North America, especially in sectors such as automotive, aerospace and electronics, has increased the demand for heat treatment processes provided by reliable and electronic devices. Automation and Industry 4.0 are also advancing applications lead to the adoption of furnaces that combine smart controls and data analysis. Finally, some businesses have aging processes and facilities and need to replace obsolete equipment with newer, more efficient equipment. The combination of environmental awareness, economic growth, and technological innovation is driving demand for advanced technology in North America.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 INDUSTRIAL FURNACES MARKET
OVERVIEW, BY HEATING METHOD
6.1 Global Market Revenue & Share Analysis, By Heating
Method
6.1.1 Electric Powered
6.1.2 Liquid Fuel
6.1.3 Electric Arc
6.1.4 Gas
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 INDUSTRIAL FURNACES MARKET
OVERVIEW, BY FLAME TYPE
7.1 Global Market Revenue & Share Analysis, By Flame Type
7.1.1 Type A
7.1.2 Type C
7.1.3 Type E
7.1.4 Type F
7.1.5 Type G
7.1.6 Type H
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 INDUSTRIAL FURNACES MARKET
OVERVIEW, BY FURNACE TYPE
8.1 Global Market Revenue & Share Analysis, By Furnace Type
8.1.1 Annealing Furnace
8.1.2 Ashing Furnace
8.1.3 Bell Furnace
8.1.4 Box Furnace
8.1.5 Calcination Furnace
8.1.6 Pit Furnace
8.1.7 Process Furnace
8.1.8 Rotary Tube Furnace
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 INDUSTRIAL FURNACES MARKET
OVERVIEW, BY APPLICATION
9.1 Global Market Revenue & Share Analysis, By Application
9.1.1 Automotive Manufacturing
9.1.2 Oil and Gas, Metallurgy
9.1.3 Steel and Iron Production
9.1.4 Food Processing
9.1.5 Other Applications
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 INDUSTRIAL FURNACES MARKET OVERVIEW,
BY REGION
10.1 Global Market Revenue & Share Analysis, By Region
10.1.1 North America
10.1.2 Europe
10.1.3 Asia Pacific
10.1.4 Middle East & Africa
10.1.5 South America
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 NORTH AMERICA MARKET ANALYSIS
11.1 North America Market Revenue & Share Analysis, By Heating
Method
11.2 North America Market Revenue & Share Analysis, By Flame
Type
11.3 North America Market Revenue & Share Analysis, By Furnace
Type
11.4 North America Market Revenue & Share Analysis, By
Application
11.5 North America Market Revenue & Share Analysis, By Country
11.5.1 US
11.5.2 Canada
11.5.3 Mexico
11.6 Key Takeaways
12 EUROPE MARKET ANALYSIS
12.1 Europe Market Revenue & Share Analysis, By Heating Method
12.2 Europe Market Revenue & Share Analysis, By Flame Type
12.3 Europe Market Revenue & Share Analysis, By Furnace Type
12.4 Europe Market Revenue & Share Analysis, By Application
12.5 Europe Market Revenue & Share Analysis, By Country
12.5.1 UK
12.5.2 Italy
12.5.3 Spain
12.5.4 Germany
12.5.5 France
12.5.6 Rest of Europe
12.6 Key Takeaways
13 ASIA PACIFIC MARKET ANALYSIS
13.1 APAC Market Revenue & Share Analysis, By Heating Method
13.2 APAC Market Revenue & Share Analysis, By Flame Type
13.3 APAC Market Revenue & Share Analysis, By Furnace Type
13.4 APAC Market Revenue & Share Analysis, By Application
13.5 APAC Market Revenue & Share Analysis, By Country
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 South Korea
13.5.5 Rest of APAC
13.6 Key Takeaways
14 MIDDLE EAST & AFRICA MARKET
ANALYSIS
14.1 MEA Market Revenue & Share Analysis, By Heating Method
14.2 MEA Market Revenue & Share Analysis, By Flame Type
14.3 MEA Market Revenue & Share Analysis, By Furnace Type
14.4 MEA Market Revenue & Share Analysis, By Application
14.5 MEA Market Revenue & Share Analysis, By Country
14.5.1 GCC
14.5.2 South Africa
14.5.3 Rest of MEA
14.6 Key Takeaways
15 SOUTH AMERICA MARKET ANALYSIS
15.1 SA Market Revenue & Share Analysis, By Heating Method
15.2 SA Market Revenue & Share Analysis, By Flame Type
15.3 SA Market Revenue & Share Analysis, By Furnace Type
15.4 SA Market Revenue & Share Analysis, By Application
15.5 SA Market Revenue & Share Analysis, By Country
15.5.1 Brazil
15.5.2 Argentina
15.5.3 Rest of SA
15.6 Key Takeaways
16 COMPETITIVE SCENARIO
16.1 Overview
16.2 Key Players Market Share Analysis
16.3 Recent Developments & Industry Launches
16.4 Mergers & Acquisitions
16.5 Partnerships, Agreements & Collaborations
17 COMPANY PROFILES
17.1 Overview
17.2 Key players
17.2.1 Epcon Industrial Systems, LP (US)
17.2.1.1 Business Overview
17.2.1.2 Product Offered
17.2.1.3 Financial Insights
17.2.1.4 Strategic Developments
17.2.1.4.1 New Product Launches
17.2.1.4.2 Agreements & Collaborations
17.2.1.5 Business Aspects (NOISE Analysis)
17.2.1.5.1 Key Strengths
17.2.1.5.2 Opportunities
17.2.1.5.3 Weaknesses & Competitive Threats
17.2.1.5.4 Needs & Improvements
17.2.2 International Thermal Systems (US)
17.2.3 Industrial Furnace Company (US)
17.2.4 Nutec Bickley (Mexico)
17.2.5 L&L Special Furnace Co. Inc. (US)
17.2.6 Thermcraft Inc. (US)
17.2.7 Schmidt + Clemens Gmbh + Co. KG (Germany)
17.2.8 ANDRITZ (Austria)
17.2.9 LÖCHER Industrieofen (Germany)
17.2.10 Carbolite Gero Limited (UK)
18 DISCLAIMER
19 APPENDIX
