According to the latest report of IMARC Group "Industrial Furnace Market: Global Industrial Trends, Share, Scale, Growth, Opportunities and Forecasts 2021-2026", the global industrial furnace market will show XX growth during 2015-2020, and the market is expected to grow in 2021- During 2026, it will grow at a compound annual growth rate of XX%.
Industrial furnace refers to a heat treatment system that helps to melt or heat metal at high temperatures. It is composed of refractory chamber, burner, furnace, chimney, loading and unloading equipment, loading and unloading door, etc., and runs on solid, liquid or gas fuel or electricity. Industrial furnaces are widely used for tempering, annealing, carburizing and pretreatment of forging materials. In addition, they are compact, fuel-efficient and portable, and are widely used in the manufacture of steel, ceramics, and cement calcination.
With the new coronavirus (COVID-19) crisis sweeping the world, we continue to track market changes and the industry behavior of global consumers, and after considering the latest market trends and forecasts, we will estimate the impact of this epidemic.
The increasing demand for steel and non-ferrous metals is one of the key factors that promote the development of the industrial furnace market. In addition, due to the increase in consumer income and the increase in the global population, car sales are on the rise. This has further increased the demand for these furnaces for the production and heat treatment of automotive metal parts. In addition, the increasing adoption of the most advanced technology and the combination of the Internet of Things (IoT) is increasing efficiency and automation. At the same time, more and more applications of furnace energy saving, productivity improvement, and pollutant emission reduction strategies are also strengthening the global market. In addition, it is expected that during the forecast period, the increase in investment in construction activities will further promote the industrial furnace market.
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Analysis and segmentation of the global industrial furnace market in 2021-2026:
The report studies the competitive landscape of the market and introduces in detail the main players operating in the market.
Andritz AG, Carbolite Gero Ltd. (Dutch Verder Group), Epcon Industrial Systems LP, Gasbarre Products Inc., International Thermal Systems, Ipsen International GmbH, LÖCHER Industrieofen- und Apparatebau GmbH, Nutec Bickley, Seco/Warwick SA, Thermal Product Solutions and Thermcraft company.
The report segmented the market based on usage type, shape, and distribution channel.
Gas and fuel operated industrial furnaces
Bottom charging and car hearth furnace
North America: (U.S., Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, others)
Latin America: (Brazil, Mexico, others)
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The main highlights of the report:
Porter's Five Forces Analysis
Market drivers and success factors
Comprehensive mapping of the competitive landscape
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