Press release
Gas Furnace Market valued at US$ 7.92 billion in 2022, is anticipated to witness robust growth, projecting a CAGR of 5.6% from 2023 to 2029, reaching nearly US$ 11.59 billion in total revenue.
Gas Furnace Market
Report Scope: The comprehensive Gas Furnace Market report provides detailed analysis and insights for market research. It covers the market size, trends, dynamics, and key players. The report encompasses various segments such as Gas Furnace Types, Applications, End-Users, and Regional Insights.
Research Methodology: The Gas Furnace Market report employs a rigorous research methodology, utilizing primary and secondary sources, data triangulation, and expert opinions to present accurate and reliable information.
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What are Gas Furnace Market Dynamics?
The ongoing demand for iron and steel, along with other vital commodities and metals, is one of the main reasons anticipated to fuel the market's expansion. In addition, technical developments are fueling the expansion of the global market, with factors including the rising popularity of electric furnaces and the rising demand for lightweight vehicles supporting the industry. To process and heat treat metallic auto parts required in vehicle assembly, several makers of automotive components use industrial furnaces. The market is expanding as a result of increased automobile production and sales, as well as a rising trend in the production of lightweight metal components in the automotive industry.
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Furnace Market Segmentation?
by Gas Furnace Type
Single-Stage Gas Furnace
Two-Stage Gas Furnace
Two-Stage Variable-Speed Gas Furnace
Three-Stage Variable Speed Gas Furnace
Modulating Variable Speed Gas Furnace
by Application
Residential
Commercial
by End-Users
Metals & Mining
Transportation
Oil & Gas
Chemicals
Others
Based on Gas Furnace Types, the market includes Single-Stage Gas Furnace, Two-Stage Gas Furnace, Two-Stage Variable-Speed Gas Furnace, Three-Stage Variable Speed Gas Furnace, and Modulating Variable Speed Gas Furnace. The Two-Stage Gas Furnace segment is projected to hold the largest market share due to its numerous benefits.
In terms of Applications, both Residential and Commercial segments are expected to grow rapidly due to the increasing demand for gas furnaces and their cost-effectiveness.
Based on End-Users, the Metals & Mining and Oil & Gas sectors are anticipated to witness substantial growth due to the growing need for gas furnaces in these industries.
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Who are Gas Furnace Market Key Players:
1. ANDRITZ AG
2. Carbolite Gero Limited
3. Epcon Industrial Systems, LP
4. Gasbarre Products, Inc.
5. International Thermal Systems LLC
6. Ipsen International GmbH
7. NUTEC Group
8. SECO/WARWICK S.A.
9. Thermcraft Incorporated
10. Thermal Product Solutions
11. OMS Group
12. Kamran Engineers
13. Thermo Electric Technologies
14. Agro Thermodyne Co.
15. Alpha Equipments
16. Thorson Industries LLP
17. Irontech Engineering
18. Vibrant Thermal Engineering
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Table of content for the Gas Furnace Market includes:
Global Gas Furnace Market : Research Methodology
Global Gas Furnace Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Gas Furnace Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Gas Furnace Market Segmentation
Global Market, by Gas Furnace Type (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by End-Users (2021-2029)
Regional Gas Furnace Market (2021-2029)
Regional Market, by Gas Furnace Type(2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by End-Users (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
Asia Pacific is poised to dominate the Gas Furnace Market, with China playing a major role. North America is expected to witness rapid growth, driven by increased demand in various industries. Europe will likely experience significant growth due to rising residential and commercial sector needs.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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