Global Electrically Operated Industrial Furnace Market Growth 2024-2030

Global Electrically Operated Industrial Furnace Market Growth 2024-2030

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.

The global Electrically Operated Industrial Furnace market size is projected to grow from US$ 1621 million in 2024 to US$ 2355 million in 2030; it is expected to grow at a CAGR of 6.4% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Electrically Operated Industrial Furnace Industry Forecast” looks at past sales and reviews total world Electrically Operated Industrial Furnace sales in 2023, providing a comprehensive analysis by region and market sector of projected Electrically Operated Industrial Furnace sales for 2024 through 2030. With Electrically Operated Industrial Furnace sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrically Operated Industrial Furnace industry.

This Insight Report provides a comprehensive analysis of the global Electrically Operated Industrial Furnace landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electrically Operated Industrial Furnace portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electrically Operated Industrial Furnace market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrically Operated Industrial Furnace and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electrically Operated Industrial Furnace.

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 presents a comprehensive overview, market shares, and growth opportunities of Electrically Operated Industrial Furnace market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Electric Arc Furnace
Induction Furnace
Others

Segmentation by Application:
Metallurgical Industry
Waste Disposal
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electrically Operated Industrial Furnace market?

What factors are driving Electrically Operated Industrial Furnace market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electrically Operated Industrial Furnace market opportunities vary by end market size?

How does Electrically Operated Industrial Furnace break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.