If you are searching for, Growth of  Industrial Furnace Industry Size?”

Then you came to the right place, here are the report of [No. of Pages:160] Industrial Furnace Industry shares and statistics challenges prepared by market.us. It helps you to understand the whole aspects of Industrial Furnace Industry such as trends, notable developments, revenue, SWOT analysis, business share, forecast 2023-2032, and geographical outlook North America, Asia-Pacific Region, Europe, Middle East, and Africa region with an extensive growth rate in Industrial Furnace Industry. Historical figures are also provided. Major companies with their market volumes and revenues are covered for each of the regions.

Key Industry Development:

  • March 2023: SMS Group modernizes the Calaca steel mill of SteelAsia Manufacturing Corp., Philippines’ leading steel producer. The modernization of EAF will increase plant output by 20% by utilizing 100% renewable energies.
  • December 2022: Tenova has completed the installation and commissioning of the Twin Chamber Melting Furnace (TCF) for aluminium recycling. Tenova can optimize the production of TCF furnaces at E-max billets in Kerkrade, Netherlands.
  • November 2022: Tenova, a leading furnace manufacturer, has installed its state-of-the-art Walking Beam Furnace (WBF) for ThyssenKrupp at Europe’s biggest steel plant in Duisburg. The plant has a capacity of five million metric tons and mainly serves European automotive giants.
  • November 2022: Can-Eng Furnaces International Limited, an engineering solution provider, has received a contract to commission a Continuous Quench (CQ) and Temper furnace system for a prominent North American manufacturer of mining and material handling products.
  • April 2022: Furnace Juko Co., Ltd., a prominent Japanese furnace manufacturer, has developed a new technology for hardening that offers rapid air cooling. The company’s new T7 heat treatment furnace, which was developed for aluminum die-cast products, is equipped with elevated-type rapid air coolers that prevent hardening delays.

It profiles and examines leading companies and other prominent ones operating in the market. 

A few top players in the industry are

  • Andritz ag (Austria)
  • Danieli (Italy)
  • Tenova (Italy)
  • Carbolite Gero (U.K.)
  • Daido Steel Co. Ltd. (Japan)
  • ULVAC Inc. (Japan)
  • DOWA Thermotech Co. Ltd (Japan)
  • SMS Group GmbH (Germany)
  • Abbott Furnace Inc. (U.S.)
  • Surface Combustion Inc. (U.S.)
  • The Grieve Corporation (U.S.)

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The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables & figures referred to in this report for strategic planning which leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global Industrial Furnace Industry and the market concentration are described in the report.

The global industrial furnace market size was valued at USD 9.76 billion in 2023 and is projected to grow from USD 10.08 billion in 2024 to USD 15.74 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period. Asia Pacific dominated the industrial furnace market with a market share of 39.24% in 2023.

Report Coverage and Deliverables: 2024 Latest PDF Report will help you understand:

– Competitive scenario

– Revenue was driven by growth in the global Industrial Furnace Industry sector

– Company challenges and total revenue

– 2024 rising regional landscape

– Growing trends and new business opportunities

– Dynamics forecast to 2032

Segments Covered in the Report

By Application

  • Metallurgy
  • Foundry
  • Metal Molding
  • Others (Heat Treatment)

By Furnace Type

  • Electric furnaces
  • Gas or Fuel furnaces
  • Induction furnace
  • Vacuum Furnace
  • Others (Muffle Furnace)

By End Users

  • Metals & Mining
  • Energy & Power
  • Oil & Chemicals
  • Transportation
  • Others (Food Processing)

By Region

  • North America (By Application, Furnace Type, End Users, and Country)
  • Europe (By Application, Furnace Type, End Users, and Country)
  • Asia Pacific (By Application, Furnace Type, End Users, and Country)
  • Middle East & Africa (By Application, Furnace Type, End Users, and Country)
  • South America (By Application, Furnace Type, End Users, and Country)

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Frequently Asked Questions About Industrial Furnace Industry Report Analysis

  1. What is the Industrial Furnace Industry?
  2. How big is the Industrial Furnace Industry?
  3. Which application is anticipated to grow faster Industrial Furnace Industry?
  4. What is the Industrial Furnace Industry growth?
  5. What are the factors driving the Industrial Furnace Industry?
  6. What is the leading segment in the Industrial Furnace Industry?
  7. Who are the key players in the Industrial Furnace Industry?
  8. Which region is expected to hold the highest market share in the Industrial Furnace Industry?
  9. At what CAGR is the global Industrial Furnace Industry projected to grow in the forecast period (2023-2032)?

Detailed TOC of Global Industrial Furnace Market Research Guru Report 2024, Competitive Landscape, Market Size, Regional Status and Prospect

Table of Content

Industrial Furnace Market Overview

2 Industry Outlook

3 Global Industrial Furnace Market Landscape by Player

4 Global Industrial Furnace Sales Volume and Revenue Region Wise (2023-2032)

5 Global Industrial Furnace Sales Volume, Revenue, Price Trend by Type

6 Global Industrial Furnace Market Analysis by Application

7 Global Industrial Furnace Market Forecast (2023-2032)

Industrial Furnace Market Upstream and Downstream Analysis

9 Players Profiles

10 Research Findings and Conclusion

11 Appendix

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