Global Industrial Furnace Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Industrial Furnace Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Industrial Furnace market size was valued at USD 11340 million in 2022 and is forecast to a readjusted size of USD 17890 million by 2029 with a CAGR of 6.7% during review period.

An industrial furnace, also known as a direct heater or a direct fired heater, is a device used to provide heat for an industrial process, typically higher than 400 degrees Celsius. They are used to provide heat for a process or can serve as reactor which provides heats of reaction. Furnace designs vary as to its function, heating duty, type of fuel and method of introducing combustion air. Heat is generated by an industrial furnace by mixing fuel with air or oxygen, or from electrical energy. The residual heat will exit the furnace as flue gas.

Global key players of industrial furnace include Andritz, Inductotherm Corp and Despatch. Global top three manufacturers hold a share about 5%. The global origin is mainly located in North America, Europe, China and Japan, with Europe being the largest production region, holding about 34% of the market share. Combustion type is the largest segment, with a share about 58%. And in terms of application, the largest application is surface coating, with a share about 35%.

The Global Info Research report includes an overview of the development of the Industrial Furnace industry chain, the market status of Metallurgy (Combustion Type, Electric Type), Industrial Processing Heating (Combustion Type, Electric Type), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Industrial Furnace.

Regionally, the report analyzes the Industrial Furnace markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Industrial Furnace market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Industrial Furnace market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Industrial Furnace industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Units), revenue generated, and market share of different by Type (e.g., Combustion Type, Electric Type).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Industrial Furnace market.

Regional Analysis: The report involves examining the Industrial Furnace market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Industrial Furnace market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Industrial Furnace:

Company Analysis: Report covers individual Industrial Furnace manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Industrial Furnace This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Metallurgy, Industrial Processing Heating).

Technology Analysis: Report covers specific technologies relevant to Industrial Furnace. It assesses the current state, advancements, and potential future developments in Industrial Furnace areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Industrial Furnace market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Industrial Furnace market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Combustion Type
Electric Type

Market segment by Application
Metallurgy
Industrial Processing Heating
Heat Treatment
Surface Coating
Others

Major players covered
Andritz
Danieli
Tenova
Aichelin Group
Chugai Ro
ALD
Inductotherm Corp
SECO/WARWICK
Ipsen
Phoenix Furnace
PVA TePla
Despatch
Nachi-Fujikoshi
Gasbarre Furnace
Mersen
ECM Group
Surface Combustion
CEC
Nutec Group
Sistem Teknik
AVS
Wisconsin Oven
TAV Vacuum
Cieffe(Accu）

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 Industrial Furnace product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Industrial Furnace, with price, sales, revenue and global market share of Industrial Furnace from 2018 to 2023.

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

Chapter 4, the Industrial Furnace breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

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 2017 to 2022.and Industrial Furnace market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

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 Industrial Furnace.

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