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Industrial Oven market Is Further Anticipated To Grow And Reach A Valuation Of $15.96 Billion By End Of 2031
Industrial Oven market
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Rapid industrialization, particularly in the emerging economies of the world, drives the growth of the global industrial oven market. On the other hand, initial high cost and limited awareness among manufacturers regarding the requirement of industrial oven over furnaces impede the growth to some extent. However, rapid construction activities, increased automotive production, and high usage of drying &infrared firing oven for the manufacturing of very high-efficiency solar cells are anticipated to pave the way for new opportunities in the industry.
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Based on process, the continuous segment contributed to more than half of the total market revenue in 2020, and is projected to lead the trail by 2030. The batch segment, on the other hand, would exhibit the fastest CAGR of 5.6% during the forecast period.
Based on region, the market across Europe held the major share in 2020, garnering nearly two-fifths of the global market. Asia-Pacific, simultaneously, would manifest the fastest CAGR of 6.5% throughout the forecast period.
Prominent Market Players:
Other market players (not profiled in report) in the value chain are Ali S.p.A., Duke Manufacturing Co. Inc., The Middleby Corporation, Alto-Shaam, Inc., Edward Don & Company, Fujimak Corporation, Avantco Equipment and Hobart Corporation.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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