Industrial Furnaces: Global Markets to 2023

Jan 2019| ENG011A| BCC Publishing

Report Highlights

The global market for industrial furnaces reached $10.7 billion in 2018 and should reach nearly $16.4 billion by 2023, at a compound annual growth rate (CAGR) of 9.1% for the period of 2018-2023.

Report Includes

  • 56 data tables and 49 additional tables
  • An overview of the global markets for industrial furnaces
  • Analyses of global market trends, with data from 2017 to 2018, and projections of CAGRs through 2023
  • Information on various industrial furnace technologies, applications, and packaged versus engineered systems
  • A look at the industrial furnace supply chain, industry trends, market factors, opportunities, key regulatory trends and recent developments
  • Review of patents segmented by region, leading patent recipients, and technology
  • Detailed profiles of the major market players, including Abbott Furnace, Baker Furnace Inc., C.I. Hayes, Honeywell, Ipsen, Siemens, and TEi-Struthers Wells

Report Scope

This study reviews industrial furnace technology categories, along with relevant market and production information, technological descriptions and issues, and applications and market factors and potential, and provides an overview of relevant incentives and regulations in major global markets. This study will be of interest to current and potential manufacturers and suppliers of industrial furnaces, entrepreneurs and entrepreneurial companies interested in entering or expanding into the industrial furnace technology sector. It will also be of interest to corporate planners and strategists; furnace research and development strategists; engineering, procurement and contracting (EPC) firms involved in the development and installation of large industrial furnaces; furnace industry groups; and other public- and private-sector interest groups and market analysts. Specific furnace technologies and applications included in this study are summarized in two charts below. 

The data presented are agnostic of fuel and include furnaces powered by electricity, as well as by fossil fuels and alternative fuels as relevant. The market analysis provided in this report is based on various data sources, including the most recent government, industry and corporate data on industrial furnace sales, production, imports and exports; manufacturing and industrial productivity data used to help gage historic and anticipated future market growth; data generated by recent and ongoing research and development efforts aimed at identifying new and developing niches for certain classes of industrial furnaces and potential for associated growth; and available corporate project announcements for major industrial furnace installations. 

Furnace technology advances can be characterized by incremental change rather than by industry-shaping leaps. Nonetheless, emerging industrial furnace technologies that may become commercially viable within the next five years are summarized, but they are not included in the market assessment of this report. BCC Research analyzes each major viable industrial furnace technology, determines its current market status, examines its impact on future markets and presents forecasts for growth through 2023. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry. Sales of both new and replacement or retrofit furnaces are considered.

BCC Research analyzes the industrial furnace industry on a global basis in terms of its manufacturing and the deployment of its technologies or products. BCC Research also examines key market drivers and headwinds, along with their roles in driving or throttling the global industrial furnace market.

Frequently Asked Questions (FAQs)

Analyst Credentials

Robert Eckard, PhD, has 15 years of experience working in the cleantech, clean transportation, clean/smart cities, advanced fuels, water and energy sectors. Having completed his dissertation at the University of California at Davis, Robert also runs a specialty industry research and technical consulting company, with an emphasis on energy, water and climate-oriented sectors, including those segments relevant to this study. Robert specializes in commercialization, data-based economic analysis, market development and penetration, environmental analysis and technical energy, environmental and market studies for Fortune 500, Global 1000 and promising startups, as well as state and local governments, other consultants and industry organizations throughout the U.S., Canada, Europe, the Middle East, Southeast Asia and Australia. He worked as a subcontractor under the U.S. Department of Energy providing evaluations of a wide array of industrial technologies, systems and related supply markets. He helped to successfully develop new markets in the U.S. and abroad, identify target niches and support highly successful business strategy development. Previously, he produced reports for BCC Research on global markets pertaining to energy, industry, energy efficiency, water and industrial, durable goods and related categories and technologies. Robert works directly in the industries that he analyzes and has successfully secured over $225 million in fund development for specific projects and technologies in the last six years.

Table of Contents & Pricing

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at
Title/Chapter NamePagesPrice Member Price
Full Report: Industrial Furnaces: Global Markets to 2023227 $2,750 Free
Chapter- 1: Introduction6Free
Chapter- 2: Summary and Highlights2$250Free
Chapter- 3: Market and Technology Background15$183Free
Chapter- 4: Global Market Summary5$61Free
Chapter- 5: Market Breakdown by Technology23$280Free
Chapter- 6: Market Breakdown by Application33$402Free
Chapter- 7: Patent Review and New Developments6$73Free
Chapter- 8: Analysis of Industry Trends and Market Opportunities22$268Free
Chapter- 9: Company Profiles35$426Free
Chapter- 10: Extended Patents List67$815Free
Chapter- 11: List of Furnace Manufacturers12$146Free
Industrial Furnaces: Global Markets to 2023

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