Global Heating Furnace Market Growth 2023-2029

Global Heating Furnace Market Growth 2023-2029

Heating furnace is a heating device that transfers heat generated by combustion of a fuel to a heated medium to raise its temperature. It is widely used in oil and gas gathering and transportation systems, steel smelting, metal processing and other industries.

LPI (LP Information)' newest research report, the “Heating Furnace Industry Forecast” looks at past sales and reviews total world Heating Furnace sales in 2022, providing a comprehensive analysis by region and market sector of projected Heating Furnace sales for 2023 through 2029. With Heating Furnace sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heating Furnace industry.

This Insight Report provides a comprehensive analysis of the global Heating 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 Heating Furnace portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Heating Furnace market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heating 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 Heating Furnace.

The global Heating Furnace market size is projected to grow from US$ 5960.3 million in 2022 to US$ 7650.5 million in 2029; it is expected to grow at a CAGR of 7650.5 from 2023 to 2029.

Europe is the largest market with about 35% market share. China is follower, accounting for about 24% market share.

The key players are Andritz, Danieli, Tenova, ALD, Ipsen, Shenwu, SECO/WARWICK, Jiangsu Yanxin, Nachi-Fujikoshi, Changzhou Energy, Primetals Technologies, Aichelin Group, Inductotherm, CEC etc. Top 14 companies occupied about 45% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Heating Furnace market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Combustion Type
Electric Type

Segmentation by application
Metallurgy
Petrochemical Industry
Material Handling
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 analyzing the company's coverage, product portfolio, its market penetration.
Andritz
Danieli
Tenova
ALD
Ipsen
Shenwu
SECO/WARWICK
Jiangsu Yanxin
Nachi-Fujikoshi
Changzhou Energy
Primetals Technologies
Aichelin Group
Inductotherm
CEC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Heating Furnace market?

What factors are driving Heating Furnace market growth, globally and by region?

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

How do Heating Furnace market opportunities vary by end market size?

How does Heating Furnace break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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