Press release
Industrial Furnaces and Ovens Market Outlook with Company Profiles – Andritz, Tenova, Despatch, Primetals Technologies, Aichelin Group, ALD, Inductotherm Corporation and More
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.
Over the next five years, the research study projects that Industrial Furnaces and Ovens will register a 2.2% CAGR in terms of revenue, reach US$ 10800 million by 2023, from US$ 9530 million in 2017.
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Metallurgy, Petrochemical industry and material handling are the main application areas for industrial furnaces and ovens market. Dairy, especially material handling, accounted for 35.66% of total market share, followed by metallurgy industry (28.83%) and petrochemical industry (18.32%).
The largest consumption area is Europe and China, with metallurgy and material handling industry leading the market. Europe and North America are much matured market, mergers and acquisitions accelerated this process. For emerging economies, like China and India, industrial furnaces and ovens technology is rapidly improving.
Although sales of industrial furnaces and ovens brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into this field.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Furnaces and Ovens market by product type, application, key manufacturers and key regions.
To calculate the market size, this research considers value and volume generated from the sales of the following segments: Segmentation by product type are Combustion Type, Electric Type. Segmentation by application are Metallurgy, Petrochemical Industry, Material Handling and Other.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report are 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 and Phoenix Furnace.
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Related Report:
Global Industrial Heating Equipment Market Research Report 2018
This report studies the global Industrial Heating Equipment market status and forecast, categorizes the global Industrial Heating Equipment market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
The major manufacturers covered in this report are Danfoss, Ingersoll-Rand Plc, United Technologies Corporation, Ingersoll-Rand plc, Lennox International, Inc., Burnham Holdings, Inc., Johnson Controls, Inc., Robert Bosch GmbH, Honeywell International, Inc., Goodman Manufacturing Company, L.P., Emerson Electric Company, Rheem Manufacturing Company, Inc. and American Heating Company, Inc.
Read More: https://www.researchbeam.com/global-industrial-heating-equipment-research-report-2018-market?utm_source=RR-OPR&utm_medium=CC
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