Press release
Industrial Oven Market Update 2025 : Projected to Exhibit USD 16 Billion Revenue by 2031, Claims AMR
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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The global industrial oven market is analyzed across product, process, end-user industry, and region. Based on product, the curing oven segment accounted for nearly two-fifths of the total market share in 2020, and is expected to rule the roost by 2031. The baking ovens segment, however, would garner the fastest CAGR of 6.3% throughout the forecast period.
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.
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The key market players analyzed in the global industrial oven market report include Harper International
Eastman Manufacturing Ltd.
Wisconsin Oven Corporation
JPW Ovens & Furnaces
Steelman Industries, Inc.
ASC Process Systems
Davron Technologies
Grieve Corporation
Rowan Technologies
JLS Ovens
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Know More https://www.globenewswire.com/news-release/2022/05/31/2452815/0/en/Global-Industrial-Oven-Market-is-Expected-to-Reach-15-96-Billion-by-2031-Says-AMR.html
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