Global Metallurgical Furnace Market Growth (Status and Outlook) 2025-2031

The global Metallurgical Furnace market size is predicted to grow from US$ 2906 million in 2025 to US$ 6926 million in 2031; it is expected to grow at a CAGR of 15.6% from 2025 to 2031.

A metallurgical furnace, more commonly referred to as a furnace, is a device used to heat and melt metal ore to remove gangue. The heat energy to fuel a furnace may be supplied directly by fuel combustion, by electricity such as the electric arc furnace, or through induction heating in induction furnaces.

April 2023: As per the European Commission, it adopted the European Climate Law, which raises the EU’s target of reducing net greenhouse gas emissions by at least 55% by 2030 (from the current 40%) and legally binding climate neutrality by 2050. The Climate Law is part of the European Commission"s European Green Deal, the EU’s roadmap towards climate neutrality. Further, the EU"s Emissions Trading System (ETS) aims to reduce the industry"s carbon emissions by obliging companies to hold a permit for each tonne of CO2 being emitted.

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

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

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

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

Segmentation by Type:
Combustion Type
Electric Type

Segmentation by Application:
Ironmaking Plant
Steelmaking
Foundry
Laboratory
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
Amelt
Aichelin Group
ALD
Carant S.r.l.
Danieli
DOWA HOLDINGS
ECM Group
Inductotherm Corp
IHI Corp
JP Steel Plantech Co.
Kalyani Furnaces
Nabertherm
MG Electricals
Phoenix Furnace
Primetals Technologies
SECO/WARWICK
SMS Group
Silcarb Recrystallized
Tenova

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