Global Industrial Furnaces Market, By Arrangement (Box Type, Clamshell Type, and Car Bottom Type), B

Published Date: | Report Code : EQ1940858

X

Market Dynamics:

The Industrial Furnaces Market is expected to promise high growth owing to increasing demands for metals, steel, and iron in recent years. Increasing demand from the application including atmosphere and vacuum is expected to drive the growth of the industrial furnaces market. This market has witnessed a number of key developments by major companies including  Abbott Furnace, Epcon Industrial Systems, LP, International Thermal Systems, Industrial Furnace Company,and others with focus on organic as well as inorganic growth strategies.  Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Industrial furnaces are the enclosures used to process raw materials at high temperatures. The materials can be solid or liquid. The temperature achieved is high as compared to open-air systems.

All furnaces have a similar working principle. The materials in the fluid form are heated up to optimum temperature in a section known as the radiant section, where a fuel burner is used. The number of burners depends on the requirement. Then the fluid in the radiant tubes is passed through the convection section where the heat exchange takes place and the flue gases are condensed before they are released into the atmosphere through a chimney.

Segment Insights:

The industrial furnaces market has been segmented on the basis of arrangement, operation, structure, application and end user. Based on the arrangement, the market has been segmented into box type, clamshell-type, and car bottom type. Based on operation, the market has been segmented into electrical and gas. Based on structure, the market has been segmented into a batch and continuous. On the basis of application, the market has been divided into an atmosphere and vacuum. Based on end user, the market has been segmented into metallurgy, steel & iron, automotive, and food processing.

As the APAC region is the leading producer of steel globally, the industrial furnaces are highly in demand in this region.

Key Factors Impacting Market Growth:

  • High demand for metals, steel, and iron
  • Low replacement rate due to long life

Regional Analysis:

Major regions for the industrial furnaces market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for industrial fasteners owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major applications including atmosphere and vacuum. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the industrial fasteners market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others. 

The Asia Pacific and the Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among this application including atmosphere and vacuum are estimated to register high demand for compressor valves market during the forecast period. On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the industrial furnaces market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the industrial furnaces market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Abbott Furnace, Epcon Industrial Systems, LP, International Thermal Systems, Industrial Furnace Company, L&L Special Furnace Co., Inc., Thermcraft, Inc., and Honeywell...

Market Segmentation:

By Arrangement:

  • Box Type
  • Clamshell Type
  • Car Bottom Type

By Operation:

  • Electrical
  • Gas 

By Structure:

  • Batch
  • Continuous

 By Application:

  • Atmosphere
  • Vacuum

By End User:

  • Metallurgy
  • Steel & Iron
  • Automotive
  • Food Processing 

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Arrangement
    • By Operation
    • By Structure
    • By Application
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Arrangement
    • By Operation
    • By Structure
    • By Application
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Arrangement
    • By Operation
    • By Structure
    • By Application
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Arrangement
    • By Operation
    • By Structure
    • By Application
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Arrangement
    • By Operation
    • By Structure
    • By Application
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Arrangement
    • By Operation
    • By Structure
    • By Application
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global industrial furnaces market on regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

License Offering

Single User (PDF)

3850

Multi User (PDF)

5150

Enterprise User (PDF)

7650

Get Regional Report USD 2000 Only

Your personal details are secure. Privacy Policy

Buy Chapters of Sections

Avail customized purchase options to meet your exact research needs.

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

Analyst Support

Round the clock analyst support to resolve your queries

Free Customization

Up to 15% additional free customization to meet your specific requirements

15% Free Customization

Share your Requirements

Questions?  Speak to an Analyst

Your personal details are secure. Privacy Policy