Industrial Furnaces Market Overview 2021-2026, Industry Size, Share, Trends and Forecast

According to the latest report by IMARC Group, titled, "Industrial Furnaces Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global industrial furnaces market exhibited XX growth during 2015-2020 and expects the market to grow at a CAGR of XX% during 2021-2026.

Industrial furnaces represent customized heat-treating systems that assist in heating or melting metals at a high temperature. In terms of product types, they can be categorized into gas and fuel-operated furnaces and electrically operated furnaces. The arrangement of industrial furnaces comprises of a refractory chamber, hearth, chimney charging and discharging doors, burner, solid, liquid, or gaseous fuel, electricity, and loading and unloading equipment. They are utilized for annealing, carburizing, tempering, and pre-treating materials for forging purposes. Industrial furnaces are also fuel-efficient, compact, and portable. Consequently, they find widespread applications across numerous sectors, including metals and mining, transportation, oil and gas, chemicals, automobiles, etc.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Industrial Furnaces Market Trends:

The rising global demand for iron, steel, and other metals is primarily driving the industrial furnaces market. Besides this, the increasing sales of automobiles, owing to technological advancements, higher disposable incomes, and the growing population, is further augmenting the market growth. Moreover, the elevating adoption of various innovative strategies for furnace energy conservation, reduction of pollutant emissions, and improved productivity, such as the utilization of natural gas, flue gas recirculation techniques, improved insulation and refractory materials, high velocity, regenerative and recuperative burners, etc., is acting as another significant growth-inducing factor. in line with this, the expanding usage of the industrial internet of things (IoT) for enhanced efficiency and automation and the inflating investments in construction activities across countries are expected to stimulate the industrial furnaces market over the forecasted period

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Global Industrial Furnaces Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Andritz AG, Carbolite Gero Ltd. (Dutch Verder Group), Epcon Industrial Systems LP, Gasbarre Products Inc., International Thermal Systems, Ipsen International GmbH, LÖCHER Industrieofen- und Apparatebau GmbH, Nutec Bickley, Seco/Warwick SA, Thermal Product Solutions and Thermcraft Incorporated.

The report has segmented the market on the basis on usage type, shape and distribution channel.

Breakup by Furnace Type:

Gas and Fuel Operated Industrial Furnace
Electrically Operated Industrial Furnace

Breakup by Arrangement:

Tube or Clamshell Type
Box Type
Bottom Loading and Car Bottom Furnace
Top Loading Furnace
Others

Breakup by End Use:

Metals and Mining
Transportation
Oil and Gas
Chemicals
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)

Middle East and Africa

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Key highlights of the report:

Market Performance (2015-2020)

Market Outlook (2021- 2026)

Porter's Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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