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Global Industrial Furnace Market Evaluated to Reach USD 16.60 Billion in Revenue By 2030 | Infinium Global Research
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Striking Growth Projections and Industrial Furnace Overview
The revenue generated by the industrial furnace market was approximately USD 11.31 billion in 2022 and is projected to surpass USD 16.60 billion by 2030, reflecting a substantial Compound Annual Growth Rate (CAGR) of 4.28% over the forecast period of 2023-2030.
An industrial furnace is a specialized heating apparatus crucial for various manufacturing and industrial processes, capable of generating and maintaining high temperatures. These furnaces, designed to endure extreme heat conditions, are integral across diverse industries. Heat-treating furnaces, melting furnaces, blast furnaces, and kilns are among the varied types tailored to specific applications in metallurgy, glassmaking, aerospace, and chemical manufacturing.
Drivers and Challenges: Navigating Opportunities and Hurdles
The increasing demand for processed materials in industries such as metalworking, glassmaking, ceramics, and chemicals propels the industrial furnace market. Additionally, the automotive industry's shift towards lightweight vehicles to enhance fuel efficiency and reduce emissions drives demand for advanced materials produced using industrial furnaces. However, high initial capital investment poses a challenge to market growth. Despite this, the rise of Industry 4.0 and the industrial Internet of Things (IoT) presents an opportunity for manufacturers, offering enhanced efficiencies and automation.
Regional Dominance and Market Segmentation
Europe holds a significant share of the global industrial furnace market, driven by rapid economic development and a thriving automotive sector. The region's growth is further propelled by the metal and mining industry. Asia Pacific is anticipated to hold the second-largest market share, with rapid industrialization and the expanding metal and mining industries contributing to significant growth.
The report covers crucial market segments, including furnace type (gas or fuel operated, electrically operated) and end-user (metals & mining, transportation, oil & gas, chemicals, and others).
Leading Industry Players
The report profiles key companies in the industrial furnace market, including ANDRITZ, Carbolite Gero Ltd., International Thermal Systems, Ipsen, Grupo NUTEC, Thermal Product Solutions, Epcon Industrial Systems, LP, Gasbarre Products, Inc., ABBOTT FURNACE COMPANY, and AICHELIN Holding GmbH.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Industrial Furnace Market Highlights
2.2. Industrial Furnace Market Projection
2.3. Industrial Furnace Market Regional Highlights
Chapter 3. Global Industrial Furnace Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Furnace Type
3.4.2. IGR-Growth Matrix Analysis by End User
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Industrial Furnace Market
Chapter 4. Industrial Furnace Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Industrial Furnace Market
5.2. Companies Profiles
5.2.1. ANDRITZ
5.2.2. Carbolite Gero Ltd.
5.2.3. International Thermal Systems
5.2.4. Ipsen
5.2.5. Grupo NUTEC
5.2.6. Thermal Product Solutions
5.2.7. Epcon Industrial Systems, LP
5.2.8. Gasbarre Products, Inc.
5.2.9. ABBOTT FURNACE COMPANY
5.2.10. AICHELIN Holding GmbH
Chapter 6. Global Industrial Furnace Market by Furnace Type
6.1. Gas or Fuel Operated
6.2. Electrically Operated
Chapter 7. Global Industrial Furnace Market by End User
7.1. Metals & Mining
7.2. Transportation
7.3. Oil & Gas
7.4. Chemicals
7.5. Others
Chapter 8. Global Industrial Furnace Market by Region 2023-2030
8.1. North America
8.1.1. North America Industrial Furnace Market by Furnace Type
8.1.2. North America Industrial Furnace Market by End User
8.1.3. North America Industrial Furnace Market by Country
8.1.3.1. The U.S. Industrial Furnace Market
8.1.3.1.1. The U.S. Industrial Furnace Market by Furnace Type
8.1.3.1.2. The U.S. Industrial Furnace Market by End User
8.1.3.2. Canada Industrial Furnace Market
8.1.3.2.1. Canada Industrial Furnace Market by Furnace Type
8.1.3.2.2. Canada Industrial Furnace Market by End User
8.1.3.3. Mexico Industrial Furnace Market
8.1.3.3.1. Mexico Industrial Furnace Market by Furnace Type
8.1.3.3.2. Mexico Industrial Furnace Market by End User
8.2. Europe
8.2.1. Europe Industrial Furnace Market by Furnace Type
8.2.2. Europe Industrial Furnace Market by End User
8.2.3. Europe Industrial Furnace Market by Country
8.2.3.1. Germany Industrial Furnace Market
8.2.3.1.1. Germany Industrial Furnace Market by Furnace Type
8.2.3.1.2. Germany Industrial Furnace Market by End User
8.2.3.2. United Kingdom Industrial Furnace Market
8.2.3.2.1. United Kingdom Industrial Furnace Market by Furnace Type
8.2.3.2.2. United Kingdom Industrial Furnace Market by End User
8.2.3.3. France Industrial Furnace Market
8.2.3.3.1. France Industrial Furnace Market by Furnace Type
8.2.3.3.2. France Industrial Furnace Market by End User
8.2.3.4. Italy Industrial Furnace Market
8.2.3.4.1. Italy Industrial Furnace Market by Furnace Type
8.2.3.4.2. Italy Industrial Furnace Market by End User
8.2.3.5. Rest of Europe Industrial Furnace Market
8.2.3.5.1. Rest of Europe Industrial Furnace Market by Furnace Type
8.2.3.5.2. Rest of Europe Industrial Furnace Market by End User
8.3. Asia Pacific
8.3.1. Asia Pacific Industrial Furnace Market by Furnace Type
8.3.2. Asia Pacific Industrial Furnace Market by End User
8.3.3. Asia Pacific Industrial Furnace Market by Country
8.3.3.1. China Industrial Furnace Market
8.3.3.1.1. China Industrial Furnace Market by Furnace Type
8.3.3.1.2. China Industrial Furnace Market by End User
8.3.3.2. Japan Industrial Furnace Market
8.3.3.2.1. Japan Industrial Furnace Market by Furnace Type
8.3.3.2.2. Japan Industrial Furnace Market by End User
8.3.3.3. India Industrial Furnace Market
8.3.3.3.1. India Industrial Furnace Market by Furnace Type
8.3.3.3.2. India Industrial Furnace Market by End User
8.3.3.4. South Korea Industrial Furnace Market
8.3.3.4.1. South Korea Industrial Furnace Market by Furnace Type
8.3.3.4.2. South Korea Industrial Furnace Market by End User
8.3.3.5. Australia Industrial Furnace Market
8.3.3.5.1. Australia Industrial Furnace Market by Furnace Type
8.3.3.5.2. Australia Industrial Furnace Market by End User
8.3.3.6. Rest of Asia-Pacific Industrial Furnace Market
8.3.3.6.1. Rest of Asia-Pacific Industrial Furnace Market by Furnace Type
8.3.3.6.2. Rest of Asia-Pacific Industrial Furnace Market by End User
8.4. RoW
8.4.1. RoW Industrial Furnace Market by Furnace Type
8.4.2. RoW Industrial Furnace Market by End User
8.4.3. RoW Industrial Furnace Market by Sub-region
8.4.3.1. Latin America Industrial Furnace Market
8.4.3.1.1. Latin America Industrial Furnace Market by Furnace Type
8.4.3.1.2. Latin America Industrial Furnace Market by End User
8.4.3.2. Middle East Industrial Furnace Market
8.4.3.2.1. Middle East Industrial Furnace Market by Furnace Type
8.4.3.2.2. Middle East Industrial Furnace Market by End User
8.4.3.3. Africa Industrial Furnace Market
8.4.3.3.1. Africa Industrial Furnace Market by Furnace Type
8.4.3.3.2. Africa Industrial Furnace Market by End User
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of industrial furnace.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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