Global Electrically Operated Industrial Furnace Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Electrically Operated Industrial Furnace Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Electrically operated industrial furnace is an industrial heating equipment that uses electricity as the main energy source. It generates heat through electric current through heating elements (such as arcs, wires, etc.) and transfers it to the materials and living objects to be heated to achieve heating, melting, and sintering, heat treatment and other industrial processes. Usually include Electric Arc Furnace, induction heating furnaces, etc.

According to our (Global Info Research) latest study, the global Electrically Operated Industrial Furnace market size was valued at US$ 1621 million in 2023 and is forecast to a readjusted size of USD 2425 million by 2030 with a CAGR of 6.0% during review period.

Global 3 key players of Electrically Operated Industrial Furnace are OTTO JUNKER, Inductotherm Group and Ajax Tocco, with about 21% market shares. Asia-Pacific is the largest market, which has a share about 54%, followed by Europe and North America, with share 21% and 16%, separately. In terms of product type, electric arc furnaces is the largest segment, accounting for a share of 51%. And in terms of application, metallurgical industry is the largest, followed by waste disposal.

This report is a detailed and comprehensive analysis for global Electrically Operated Industrial Furnace market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Electrically Operated Industrial Furnace market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2019-2030

Global Electrically Operated Industrial Furnace market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2019-2030

Global Electrically Operated Industrial Furnace market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2019-2030

Global Electrically Operated Industrial Furnace market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Electrically Operated Industrial Furnace

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Electrically Operated Industrial Furnace market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SMS, Danieli, Tenova, Electrotherm, OTTO JUNKER, Inductotherm Group, Primetals Technologies, ABP Induction Systems, Steel Plantech, Sarralle, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Electrically Operated Industrial Furnace market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Electric Arc Furnace
Induction Furnace
Others

Market segment by Application
Metallurgical Industry
Waste Disposal
Others

Major players covered
SMS
Danieli
Tenova
Electrotherm
OTTO JUNKER
Inductotherm Group
Primetals Technologies
ABP Induction Systems
Steel Plantech
Sarralle
ENRX
Ajax Tocco
Paul Wurth IHI
DongXong
Sermak Metal
TYMEC
ALD Vacuum Technologies
XiYe Technology Group

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Electrically Operated Industrial Furnace product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Electrically Operated Industrial Furnace, with price, sales quantity, revenue, and global market share of Electrically Operated Industrial Furnace from 2019 to 2024.

Chapter 3, the Electrically Operated Industrial Furnace competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Electrically Operated Industrial Furnace breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Electrically Operated Industrial Furnace market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Electrically Operated Industrial Furnace.

Chapter 14 and 15, to describe Electrically Operated Industrial Furnace sales channel, distributors, customers, research findings and conclusion.