Press release
Industrial Furnace Market to Witness Huge Growth by 2025 | ElectroHeat, Andritz, AVS
Industrial Furnace
Major Players in This Report Include,
ElectroHeat (Sweden), Andritz AG (Austria), Tenova S.p.A. (Italy), Despatch Industries, Inc. (United States), Primetals Technologies Limited (United Kingdom), AFC-Holcroft (United States), Airtec Thermo Process GmbH (Germany), AVS, Inc. (United States), Can-Eng Furnaces International Ltd (Canada) and Carbolite Gero Ltd (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are ElectroHeat AB (Sweden), Inductotherm Corp. (United States), Tiangel International Limited (China), Societe Thermidor (France) and Hefei Shihua Pipe Fitting Co., Ltd. (China).
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An industrial furnace is equipment used in industries such as automotive and construction to heat metals in order to produce steam. It is used for melting or heating of metals and changes the shape of the metal through rolling and forging and transform properties of the metal for casting. It has many functions such as brazing, annealing, hardening, carburizing, tempering of ferrous and non-ferrous castings and sintering.
Market Trend
• Use of Natural Gas Combustion Heat Source in Industrial Furnaces to Reduce Pollutants
Market Drivers
• Growing Demand for Fabricated Metals in Automobile Industry
• Demand for Industrial Furnaces in Steel and Metal Processing Industries
Opportunities
• Growing Use of Ceramic Fibre and Ceramic Coatings in Industrial Furnace
Restraints
• Stringent Government Regulations for Environmental Pollution
Challenges
• High Initial and Maintenance Costs
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In this research study, the prime factors that are impelling the growth of the Global Industrial Furnace market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.
The Industrial Furnace market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
The Global Industrial Furnace is segmented by Type (Ashing Furnaces, Tempering Furnaces, Annealing Furnaces, Rotary Tube Furnaces, Sintering Furnaces, Others), Application (Metallurgical Industries, Ceramic and Glass Industries, Oil and Gas Industries, Others), Automation Grade (Fully Automatic, Semi-Automatic, Manual), Heat Source (Electric (Induction, Electric Arc, Electron Beam), Combustion (Gas, Oxy-Fuel), Radiation (Infrared, Microwave, UV), Hot Air (Hot Air Impingement, Steam)), Melting Material (Iron, Steel, Copper, Aluminum, Others)
The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Industrial Furnace market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.
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Current Scenario Analysis for Decision Framework
Key Strategic Developments in Industrial Furnace Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.
Key Market Features in Global Industrial Furnace Market
The report highlights Industrial Furnace market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Industrial Furnace, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.
Extracts from Table of Contents
Global Industrial Furnace Market Research Report
Chapter 1 Global Industrial Furnace Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued
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This report also analyzes the regulatory framework of the Global Markets Industrial Furnace Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.
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Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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