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Report Highlights
The global market for industrial furnaces is expected to grow from $11.8 billion in 2023 to $14.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.5% from 2023 through 2028.
Report Includes
- 67 data tables and 35 additional tables
- An overview of the current and future global markets for industrial furnaces
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
- Estimate of the actual market size and revenue forecast for the global market, and corresponding market share analysis based on product type, fuel type, temperature range, mode of operation, application, end-use industry and region
- Discussion of the major factors influencing the growth of this market, including emerging technologies, future demand and regulations
- Analysis of market growth opportunities with a holistic review of the Porter’s Five Forces model, a value chain analysis and case studies
- Understanding of the importance of ESG, including an assessment of risks and opportunities, impact of ESG factors on company performance, and the ESG practices followed in the manufacturing industry
- An analysis of relevant patents
- Overview of the major vendors along with an analysis of company market shares, recent M&A activity and venture funding
- An analysis of the competitive landscape based on recent developments, key financials and revenues by segment
- Profiles of the leading companies
Report Scope
This report analyzes different segments including fuel type, product type, temperature range, mode of operation, application, end-use industries and regional market development of industrial furnaces. Furthermore, we have covered major countries in this report, such as the U.S., Germany, China, India and others, where the opportunities for industrial furnaces are lucrative.
The report is prepared in an easy-to-understand format; tables and figures are included to illustrate historical, current and future market scenarios. The study covers leading companies with information on product types, business footprint, revenue, employee strength, etc. We have also provided a list of other companies in the global and regional markets with their product-related information. The analyst has also conducted a patent analysis for the industrial furnaces market, which represents a significant investment area for investors. The study includes chapters on ESG developments and emerging technologies, and it surveys the competitive landscape of the industrial furnaces market so that the reader can understand the major factors driving competition in this market more precisely. The report incorporates the impacts of the COVID-19 pandemic and the Russia-Ukraine war on the global and regional markets. The study does not cover industrial boilers, residential and commercial furnaces.
In this study, 2022 is used as the market’s base year; estimated values are provided for 2023; and the market values are forecast from 2023 to 2028. All market values are provided in millions of dollars, and market shares and CAGRs are provided in percentages.
Report Synopsis
| Report Metrics | Details | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||
| Base year market size | $11.4 billion | ||||||||||||
| Market size forecast | $14.7 billion | ||||||||||||
| Growth rate | CAGR of 4.5% from 2023 to 2028 | ||||||||||||
| Units considered | $ Millions | ||||||||||||
| Segments covered | By Fuel Type, Product Type, Temperature Range, Mode of Operation, Application, End-Use Industry and Geographic Region | ||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of World | ||||||||||||
| Countries covered | The U.S., Canada, Mexico, Germany, France, Italy, Spain, United Kingdom, Australia, China, India, Japan and South Korea | ||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Expansion of industrialization.
- Increase in demand for furnaces from the metallurgy industry.
- By Fuel Type.
- By Product Type.
- By Temperature Range.
- By Mode of Operation.
- By Application.
- By End-Use Industry.
- By Region.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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
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