Global Industrial Furnaces and Ovens Market Growth 2025-2031

The global Industrial Furnaces and Ovens market size is predicted to grow from US$ 10640 million in 2025 to US$ 11750 million in 2031; it is expected to grow at a CAGR of 1.7% from 2025 to 2031.

Industrial Furnaces and Ovens are primarily used by industries to heat-treat metals in order to generate steam. They are also used in the manufacture of bricks, cement, glass, iron and steel, and other materials. Electric, batch and fuel-fired furnaces are used to perform several functions, such as annealing, brazing, carburizing, hardening, sintering, and tempering of ferrous and non-ferrous castings.

The major players in global Industrial Furnaces and Ovens market include Andritz, Tenova, Despatch, etc. The top 3 players occupy about 10% shares of the global market. Europe and China are main markets, they occupy about 65% of the global market. Electric Type is the main type, with a share about 75%. Material Handling is the main application, which holds a share about 35%.

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

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

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

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

Segmentation by Type:
Combustion Type
Electric Type

Segmentation by Application:
Metallurgy
Petrochemical Industry
Material Handling
Other

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
Tenova
Despatch
Primetals Technologies
Aichelin Group
ALD
Inductotherm Corporation
SECO/WARWICK
Ipsen
Nachi-Fujikoshi
Gasbarre Furnace
Cieffe(Accu）
Surface Combustion
Mersen
JUMO
Nutec Bickley
CEC
Wisconsin Oven
Sistem Teknik
AVS
PVA TePla
TAV
Shenwu
Phoenix Furnace

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Furnaces and Ovens market?

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

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

How do Industrial Furnaces and Ovens market opportunities vary by end market size?

How does Industrial Furnaces and Ovens break out by Type, by Application?

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