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Industrial Furnaces Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global industrial furnaces market size reached US$ 12.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2027, exhibiting a growth rate (CAGR) of 5.41% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

An industrial furnace is a heat-treating system that assists in melting or heating metals at a high temperature. It comprises a refractory chamber, hearth, burner, solid, liquid, or gaseous fuel or electricity, chimney, charging and discharging doors, and loading and unloading equipment. It is mainly utilized for annealing, tempering, or carburizing and pre-treating materials for forging purposes. Besides this, as it is fuel-efficient, compact, and portable, it is also employed in the manufacturing of iron, steel, non-ferrous metals, ceramic and calcination in cement across the globe.

Industrial Furnaces Market Trends:

At present, there is a significant increase in the demand for iron, steel and metals worldwide. This represents one of the key factors impelling the market growth. Apart from this, industrial furnaces are widely utilized in the manufacturing and heat-treating of metallic automotive parts. As a result, the rising sales of automobiles across the globe on account of inflating income levels and increasing global population are supporting the market. Furthermore, there is a considerable rise in the adoption of state-of-the-art technologies and the industrial internet of things (IoT) for providing enhanced efficiency and automation. This, in confluence with the rising adoption of numerous strategies for furnace energy conservation, productivity, and reduction of pollutant emissions, is creating a favorable market outlook. These strategies include the utilization of natural gas, improved insulation and refractory materials. They also involve the usage of advanced burner designs, such as high velocity, regenerative and recuperative burners, along with new combustion technologies like air and fuel staging and flue gas recirculation techniques. The market is also driven by the expanding automotive and steel sector and the extensive investments in construction activities around the world.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial furnaces market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on furnace type, arrangement and end use.

Breakup by Furnace Type:

  • Gas and Fuel Operated Industrial Furnace
  • Electrically Operated Industrial Furnace
     

Breakup by Arrangement:

  • Tube or Clamshell Type
  • Box Type
  • Bottom Loading and Car Bottom Furnace
  • Top Loading Furnace
  • Others
     

Breakup by End Use:

  • Metals and Mining
  • Transportation
  • Oil and Gas
  • Chemicals
  • Others
     

Breakup by Region:

  • North America
    • United States
    • 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
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 Incorporated.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Furnace Type, Arrangement, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 Incorporated
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global industrial furnaces market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global industrial furnaces market?
  • What are the key regional markets?
  • What is the breakup of the market based on the furnace type?
  • What is the breakup of the market based on the arrangement?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global industrial furnaces market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Industrial Furnaces Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Furnace Type
    6.1    Gas and Fuel Operated Industrial Furnace
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Electrically Operated Industrial Furnace
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Arrangement
    7.1    Tube or Clamshell Type
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Box Type
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Bottom Loading and Car Bottom Furnace
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Top Loading Furnace
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by End Use
    8.1    Metals and Mining
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Transportation
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Oil and Gas
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Chemicals
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Andritz AG
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Carbolite Gero Ltd. (Dutch Verder Group)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Epcon Industrial Systems LP
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Gasbarre Products Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    International Thermal Systems
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Ipsen International GmbH
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    LÖCHER Industrieofen- und Apparatebau GmbH
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Nutec Bickley
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Seco/Warwick SA
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Thermal Product Solutions
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Thermcraft Incorporated
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Industrial Furnaces Market: Major Drivers and Challenges
Figure 2: Global: Industrial Furnaces Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Industrial Furnaces Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Industrial Furnaces Market: Breakup by Furnace Type (in %), 2021
Figure 5: Global: Industrial Furnaces Market: Breakup by Arrangement (in %), 2021
Figure 6: Global: Industrial Furnaces Market: Breakup by End Use (in %), 2021
Figure 7: Global: Industrial Furnaces Market: Breakup by Region (in %), 2021
Figure 8: Global: Industrial Furnaces (Gas and Fuel Operated Industrial Furnace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Industrial Furnaces (Gas and Fuel Operated Industrial Furnace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Industrial Furnaces (Electrically Operated Industrial Furnace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Industrial Furnaces (Electrically Operated Industrial Furnace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Industrial Furnaces (Tube or Clamshell Type) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Industrial Furnaces (Tube or Clamshell Type) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Industrial Furnaces (Box Type) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Industrial Furnaces (Box Type) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Industrial Furnaces (Bottom Loading and Car Bottom Furnace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Industrial Furnaces (Bottom Loading and Car Bottom Furnace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Industrial Furnaces (Top Loading Furnace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Industrial Furnaces (Top Loading Furnace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Industrial Furnaces (Other Arrangements) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Industrial Furnaces (Other Arrangements) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Industrial Furnaces (Metals and Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Industrial Furnaces (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Industrial Furnaces (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Industrial Furnaces (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Industrial Furnaces (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Industrial Furnaces (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Industrial Furnaces (Chemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Industrial Furnaces (Chemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Industrial Furnaces (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Industrial Furnaces (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Industrial Furnaces Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Industrial Furnaces Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Industrial Furnaces Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Industrial Furnaces Industry: SWOT Analysis
Figure 82: Global: Industrial Furnaces Industry: Value Chain Analysis
Figure 83: Global: Industrial Furnaces Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Industrial Furnaces Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Industrial Furnaces Market Forecast: Breakup by Furnace Type (in Million US$), 2022-2027
Table 3: Global: Industrial Furnaces Market Forecast: Breakup by Arrangement (in Million US$), 2022-2027
Table 4: Global: Industrial Furnaces Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Industrial Furnaces Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Industrial Furnaces Market: Competitive Structure
Table 7: Global: Industrial Furnaces Market: Key Players


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