MCP-2754: INDUSTRIAL FURNACES & OVENS – A GLOBAL STRATEGIC BUSINESS REPORT

Global Industrial Furnaces and Ovens Market to Reach $13.8 Billion in 2010, According to New Report By Global Industry Analysts, Inc.

Industrial furnaces and ovens market include establishments primarily engaged in manufacturing industrial process furnaces, ovens, induction and dielectric heating equipment and other related devices. Industrial furnaces are primarily used by industries to heat-treat metals in order to generate steam. They are also used in the manufacture of bricks, cement, glass, iron and steel and other materials. World market for industrial furnaces and ovens is expected to be approximately $13.8 billion in 2010.

San Jose, California (PRWEB), April 23, 2008 -- Growth in the world industrial furnace market is forecast to stem largely from the revolutionary hybrid furnace. The new hybrid furnace flaunts the potential to replace the conventional air fuel technology, a process used in glass melting by coupling air-fuel and Oxy-fuel technologies to aid glassmaker in providing high quality, fuel-efficient products. Oxy-fuel technology precedes air-fuel process by utilizing oxygen for environment-friendly glass combustion by eliminating nitrogen present in air, reducing maintenance cost and providing designing simplicity. Oxy-fuel also gains ground by improved productivity, enhanced glass quality and stable batch patterns. Global Electrical industrial furnaces and ovens market is expected to exceed $4.2 billion by 2015, as stated in a recent report published by Global Industry Analysts, Inc. Asia-Pacific, the fastest growing market for industrial electric heating equipment is expected to register a CAGR of 5.96% over the period 2011 through 2015. In Europe, fuel-fired industrial furnaces & ovens market is expected to be worth $1,142 million in the year 2012.

Major players in the marketplace include Kilns & Furnaces Ltd, Carbolite, CM Furnaces Inc, Inductotherm Corporation, Nachi-Fujikoshi Corporation, Pyradia, Beijing Shenwu Thermal Energy, Surface Combustion Inc and JLS Redditch Ltd.

“Industrial Furnaces and Ovens: A Global Strategic Business Report”, published by Global Industry Analysts, Inc., provides product profile, mergers and acquisitions, recent developments, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific, Middle East and Latin America. Analytics for the period 1991 through 2015 are provided in terms of product segments including electrical industrial furnaces & ovens, induction & dielectric furnaces & ovens, industrial electric heating equipment and fuel-fired industrial furnaces & ovens.

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