Global Industrial Furnace Market Growth 2025-2031

Global Industrial Furnace Market Growth 2025-2031

The global Industrial Furnace market size is predicted to grow from US$ 12740 million in 2025 to US$ 19450 million in 2031; it is expected to grow at a CAGR of 7.3% from 2025 to 2031.

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, Danieli, Chugai Ro and Despatch. Global top five manufacturers hold a share about 8%. Europe is the largest market, has a share about 32%, followed by North America, with a share about 26%. Combustion-Type Industrial Furnace is the largest segment, with a share about 63%. And in terms of application, the largest application is Surface Coating, with a share about 41%.

LP Information, Inc. (LPI) ' newest research report, the “Industrial Furnace Industry Forecast” looks at past sales and reviews total world Industrial Furnace sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial Furnace sales for 2025 through 2031. With Industrial Furnace sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Furnace industry.

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

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

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

Segmentation by Type:
Combustion Type
Electric Type

Segmentation by Application:
Metallurgy
Industrial Processing Heating
Heat Treatment
Surface Coating
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.
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）

Key Questions Addressed in this Report

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

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

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

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

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

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