Industrial Furnaces Market to Boost US$ 17.0 Billion by 2027 | CAGR 5.41% -IMARC Group

Industrial Furnaces Market to Boost US$ 17.0 Billion by 2027 | CAGR 5.41% -IMARC Group

According to the latest report by IMARC Group, titled, “Industrial Furnaces Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global industrial furnaces market size reached US$ 12.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2027, exhibiting a growth rate (CAGR) of 5.41% during 2022-2027

An industrial furnace refers to a heat-treating system that helps in melting or heating metals at a high temperature. It consists of a refractory chamber, burner, hearth, chimney, loading and unloading equipment, charging and discharging doors, etc., running on solid, liquid, or gaseous fuel or electricity. Industrial furnaces are widely used for tempering, annealing, carburizing, and pre-treating materials for forging purposes. In addition to this, being compact, fuel-efficient, and portable, they find numerous applications in the manufacturing of iron, steel, ceramic, calcination in cement, etc.

Report Metric

Historical: 2016-2021

Base Year: 2020

Forecast Year: 2022-2027


Industrial Furnaces Market Trends:

The increasing demand for iron, steel, non-ferrous metals, etc., is one of the key factors propelling the market for industrial furnaces. Besides this, the sales of automobiles are rising due to inflating consumer income levels and increasing global population. This is further escalating the demand for these furnaces for the production and heat-treatment of metallic automotive parts. Moreover, the rising adoption of state-of-the-art technologies and the incorporation of the Internet of things (IoT) are providing improved efficiency and automation. Along with this, the growing utilization of numerous strategies for furnace energy conservation, enhancing productivity, reducing pollutant emissions, etc., is also strengthening the global market. Furthermore, rising investments in construction activities are further expected to drive the industrial furnaces market over the forecasted period.

Request a Free Sample Report:https://www.imarcgroup.com/industrial-furnaces-market/requestsample

Global Industrial Furnaces Market 2022-2027 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, LCHER 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

Breakup by End Use:

Metals and Mining
Oil and Gas

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

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4175&flag=C

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive LandscapeMexico, Others)

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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

Company Name: IMARC Group
Email: sales@imarcgroup.com
Toll Free Number: USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Linkedin: https://www.linkedin.com/company/imarc-group


Leave a Reply

Your email address will not be published. Required fields are marked *