Industrial Furnaces and Ovens

Global Market Trajectory & Analytics

MCP-2754

EXECUTIVE ENGAGEMENTS

POOL

4521
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

1672
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PARTICIPANTS

479
Unique # Participated

VALIDATIONS

98
Responses Validated*

COMPANIES

264
Responses Validated*
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DATE

SEP 2021

TABLES

162

PAGES

601

EDITION

20

PRICE

USD 5600

CODE

MCP-2754


COMPETITIVE METRICS

COMPANY

D S N T

% *

Abbott Furnace Company

Acim Jouanin SA

AET Technologies

AFC-Holcroft

Aichelin Ges.m.b.H.

Air and Energy Systems

Airflow World Group Ltd.

Airtec Thermoprocess GmbH

Ajax Tocco Magnethermic Corporation

ALD Vacuum Technologies GmbH

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HIGHLIGHTS & REPORT INDEX

Global Industrial Furnaces and Ovens Market to Reach US$9.2 Billion by the Year 2026

Industrial furnaces and ovens are an integral part of most manufacturing processes. Industrial furnaces are used to heat or melt metals for casting; and for forming and shaping metals through processes such as forging and rolling or other heat treatment processes. A key factor influencing growth in the global market is the extent of demand for iron and steel from various end-use sectors. In the upcoming years, improving economic environment, expanding industrial sector and introduction of new and efficient systems are expected to drive market growth. Advancements in production and processing technologies in the industrial sector are also expected to add to market growth. Relentless improvements in metal manufacturing techniques will also drive demand for advanced industrial grade furnaces and ovens. Furnace manufacturers have embraced technology and modern furnaces and ovens are highly superior compared to the products even from a few years ago. For instance, furnaces and ovens can now be easily controlled with simple touch screen controllers that provide better control for the workers and also ensure safety of the equipment as well as the workers. In addition, with industrial automation/ industry 4.0 being the net big development, demand for furnaces with IIoT capabilities is expected to rise in future, leading to demand for higher priced advanced products, thus beneficially affecting the market.

Amid the COVID-19 crisis, the global market for Industrial Furnaces and Ovens estimated at US$8 Billion in the year 2020, is projected to reach a revised size of US$9.2 Billion by 2026, growing at a CAGR of 2.4% over the period 2020-2027. Combustion, one of the segments analyzed in the report, is projected to grow at a 2.1% CAGR to reach US$5.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electric segment is readjusted to a revised 2.7% CAGR for the next 7-year period. This segment currently accounts for a 40.7% share of the global Industrial Furnaces and Ovens market. Combustion industrial furnaces and ovens include fuel-fired metal melting furnaces such as blast furnaces and treating furnaces. Fuel-fired furnaces find applications in industries such as brick making, glass, ceramics and others, which use kilns for the generation of heat in their applications. The growing concerns for environmental safety are driving demand for electric furnaces across the world, to replace coal-fired furnaces and ovens. Depleting natural resources of iron ore and increasing prices of iron ore also contribute to the rise in adoption of electric furnace steel production by steel makers.

The U.S. Market is Estimated at $909.1 Million in 2021, While China is Forecast to Reach $1.6 Billion by 2026

The Industrial Furnaces and Ovens market in the U.S. is estimated at US$909.1 Million in the year 2021. The country currently accounts for a 11.2% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2026 trailing a CAGR of 3.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR while Rest of European market (as defined in the study) will reach US$1.7 Billion by the end of the analysis period. Europe is one of the largest markets for industrial furnaces and ovens as the region is a hub for automotive production as well as industrial manufacturing. As the demand for processed products increases across industries, the requirement for industrial furnaces and ovens also increases as they are an integral part of industrial processing. Rise in manufacturing/processing activity and subsequent rise in demand for industrial equipment, especially is expected to present growth prospects in Asia-Pacific region. Automation of manufacturing units and increased use of production line machinery also bodes well for market growth in the region.

SELECT PLAYERS

AFC-Holcroft; Aichelin Group; Airtec Thermoprocess GmbH; Andritz AG; AVS, Inc.; Can-Eng Furnaces International Limited; Carbolite Gero Ltd.; CERI Phoenix Industrial Furnace CO., LTD.; CM Furnaces, Inc.; Consolidated Engineering Company; Despatch Industries, Inc.; Dijko Ovens BV; Dowa Thermotech Co., Ltd.; ElectroHeat AB; G-M Enterprises; Grieve Corporation; Inductotherm Corporation; Industrial Furnace Company; International Thermal Systems LLC; Ipsen; JLS Redditch, Ltd.; Keith Company; Kilns & Furnaces Ltd.; Nachi-Fujikoshi Corp.; Nutec Bickley; Primetals Technologies Limited; Rogers Engineering & Manufacturing Co., Inc.; SECO/WARWICK S.A.; Shenwu Technology Group Corp Co., Ltd.; Solar Manufacturing; Solo Swiss Group; Surface Combustion, Inc.; Tenova S.P.A; Thermal Product Solutions; Wisconsin Oven Corporation; VAC AERO International, Inc.

SEGMENTS

» Type (Combustion, Electric) » Application (Material Handling, Metallurgy, Petrochemical, Other Applications)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Spain » Russia » Rest of Europe » Asia-Pacific » India » South Korea » Rest of Asia-Pacific » Latin America » Brazil » Mexico » Rest of Latin America » Middle East » Africa

TABLE OF CONTENTS

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
EXHIBIT: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Industrial Manufacturing Activity to Influence Growth Trends
EXHIBIT: Global PMI Index Points for the Years 2018, 2019 & 2020
An Introduction to Industrial Furnaces and Ovens
Types of Industrial Furnaces
Types of Industrial Ovens
Global Market Prospects & Outlook
End-Use Dynamics Influence Trends in the Industrial Furnaces and Ovens Market
Metallurgical Applications Poised for High Growth
Developing Countries to Spearhead Long-term Growth
Competition
World Brands
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Dynamics of Iron and Steel Industry Set Demand Trends for the Industrial Furnaces and Ovens Market
Hit by COVID-19 Crisis, Steel Industry & Demand on the Road to Normalcy
Steel Industry Recovery in Major Regions: An Outline
Steel Production & Demand Statistics
EXHIBIT: Global Crude Steel Monthly Production (in Million Tonnes) for the Period Jul-2019 to Jul-2020
EXHIBIT: Global Crude Steel Production Breakdown by Country (in %): 2020
EXHIBIT: COVID-19 Pandemic Impact on Steel Demand: YoY Change (in %) for Global Finished Steel Demand by Region in 2020
EXHIBIT: Global Steel Consumption Breakdown by Geographic Region (in %) for 2020
EXHIBIT: Global Steel Demand by End-Use Sector (in %) for 2020
Widening Role of Electric Arc Furnace (EAF) in Steel Production Landscape
EXHIBIT: Global Production of Crude Steel: Percentage Breakdown by Production Method by Region
EXHIBIT: Steel Production by Manufacturing Process in Select Countries (2019)
Automobile Manufacturing: Industrial Furnaces Hold Significance in Reducing Production Costs and Pollution Levels
Automotive Production Trends Determine Growth Trends in the Industrial Furnaces and Ovens Market
EXHIBIT: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
EXHIBIT: World Automobile Production in Million Units: 2008-2022
Recovery in Oil & Gas Sector to Benefit Market for Industrial Furnaces
EXHIBIT: Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2020
EXHIBIT: Breakdown of Global E&P Spending (in %) by Supply Segment for the Year 2019 & 2020
With the Aviation Industry Hit Hard by the Pandemic, Impact Evident on the Industrial Furnaces and Ovens Market
EXHIBIT: Global Aerospace & Aviation Market Growth Outlook (In %) For Years 2019 Through 2025
EXHIBIT: Global Airlines Performance by Region: 2020 Vs 2019
Solar Energy Sector to Present Long-term Opportunities for the Market
Railroad Sector: Another Prominent Market for Industrial Furnaces and Ovens
EXHIBIT: COVID-19 Impact on Railways: YoY Change (%) for Rail Freight and Passenger Rail in Europe for 2020 and 2021
EXHIBIT: Global Rail Wheel and Axle Market (in US$ Million) by Region for 2020 & 2027
Mining, Melting, and Metal Alloy Machinery Demand Impacts Trends in Industrial Furnace and Ovens Market
EXHIBIT: Global Mining Equipment Market (in $ Billion) for the Years 2019, 2022 & 2025
Rising Demand from the Medical Sector Lends Traction to Market Growth
Increasing Healthcare Expenditure Creates Conducive Environment
EXHIBIT: World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021, 2023
Leveraging Industry 4.0 and IIoT for Development of Smart Industrial Furnaces and Ovens
Blast Furnaces Market to Witness Stable Long-Term Growth
Industrial Ovens Market: Industrialization to Drive Market Growth
EXHIBIT: Global Industrial Ovens Market Breakdown by Type (in %) for 2020
Industrial Drying Ovens: Benefiting from Rapid Pace of Technology Developments
Replacement of Older Furnaces and Ovens with Advanced Equipment: A Potential Market Opportunity
Increasing Need for Integrating Automated Systems Fuels Demand for Industrial Ovens
Customized Industrial Ovens Gain Rapid Market Acceptance
Technological Advancements to Boost Market Growth
Hybrid Furnaces Gains Traction
Advances in Metal Reheat Furnaces
Rising Prominence of Infrared Heating Ovens in Industrial Process Heating Applications
Furnace Thermal-Imaging Equipment
Researchers Develop Temperature Measurement Sensors for Industrial Furnaces
Industrial Furnaces Facilitate Efficient Electrical Component Manufacturing
Energy Efficient Industrial Furnaces & Ovens Enable Cost Optimization, Driving Adoption among Manufacturers
Oxygen Technologies Increase Furnace Efficiency
NFPA 86 Guidelines for Industrial Ovens and Furnaces
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Industrial Furnaces and Ovens by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Industrial Furnaces and Ovens by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Industrial Furnaces and Ovens by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
World Current & Future Analysis for Combustion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Combustion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Combustion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
World Current & Future Analysis for Electric by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Electric by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Electric by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
World Current & Future Analysis for Material Handling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Material Handling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Material Handling by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
World Current & Future Analysis for Metallurgy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Metallurgy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Metallurgy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
World Current & Future Analysis for Petrochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Petrochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Petrochemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
UNITED STATES
Amidst COVID-19 Crisis, Manufacturing Activities Come to a Halt
COVID-19 Impact: US Steel Industry to Remain Jittery over Near-Term
USA Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
USA 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
USA Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
USA 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
CANADA
Canada Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Canada 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Canada Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Canada 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
JAPAN
Japan Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Japan 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Japan Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Japan 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
CHINA
COVID-19 Pandemic Affects the China’s Manufacturing Activity, Affecting Growth Outlook
Surprising Recovery to Boost Steel Fortunes, Driving Market Growth
EXHIBIT: Steel Production in China (2011-2020) (in Million Tons)
Chinese Ovens Market: A Brief Overview
China Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
China Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
China 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
China Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
China Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
China 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
EUROPE
Market Overview
COVID-19 Exacerbates Already Challenging European Steel Market Situation
Europe Current & Future Analysis for Industrial Furnaces and Ovens by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe Historic Review for Industrial Furnaces and Ovens by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Industrial Furnaces and Ovens by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2021 & 2027
Europe Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Europe Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
FRANCE
France Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
France Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
France 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
France Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
France Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
France 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
GERMANY
Germany Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Germany 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Germany Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Germany 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
ITALY
Italy Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Italy 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Italy Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Italy 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
UK 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
UK Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
UK 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
SPAIN
Spain Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Spain Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Spain 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Spain Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Spain Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Spain 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
RUSSIA
Russia Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Russia Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Russia 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Russia Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Russia Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Russia 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of Europe 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Rest of Europe Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of Europe 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
ASIA-PACIFIC
Market Overview
Asia-Pacific Current & Future Analysis for Industrial Furnaces and Ovens by Geographic Region - India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Industrial Furnaces and Ovens by Geographic Region - India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Industrial Furnaces and Ovens by Geographic Region - Percentage Breakdown of Value Sales for India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2021 & 2027
Asia-Pacific Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Asia-Pacific Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
INDIA
Steel Demand in India to Grow Marginally after Deep Cuts in Output during Lockdown, Affecting Market Growth
EXHIBIT: Crude Steel Production in India by Technology (%) for 2020
Industrial Ovens Market in India: An Overview
India Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
India Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
India 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
India Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
India Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
India 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
SOUTH KOREA
South Korea Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
South Korea Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
South Korea 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
South Korea Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
South Korea Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
South Korea 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
REST OF ASIA-PACIFIC
Rest of Asia-Pacific Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Asia-Pacific Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of Asia-Pacific 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Rest of Asia-Pacific Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Asia-Pacific Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of Asia-Pacific 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
LATIN AMERICA
Latin America Current & Future Analysis for Industrial Furnaces and Ovens by Geographic Region - Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Latin America Historic Review for Industrial Furnaces and Ovens by Geographic Region - Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Latin America 15-Year Perspective for Industrial Furnaces and Ovens by Geographic Region - Percentage Breakdown of Value Sales for Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2021 & 2027
Latin America Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Latin America Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Latin America 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Latin America Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Latin America Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Latin America 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
BRAZIL
Brazilian Steelmakers Announce Shutting Down of Blast Furnaces Amid COVID-19 Crisis
Brazil Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Brazil Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Brazil 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Brazil Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Brazil Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Brazil 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
MEXICO
Mexico Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Mexico Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Mexico 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Mexico Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Mexico Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Mexico 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
REST OF LATIN AMERICA
Rest of Latin America Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Latin America Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of Latin America 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Rest of Latin America Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Latin America Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of Latin America 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
MIDDLE EAST
Middle East Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Middle East Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Middle East 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Middle East Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Middle East Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Middle East 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
AFRICA
Africa Current & Future Analysis for Industrial Furnaces and Ovens by Type - Combustion and Electric - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Africa Historic Review for Industrial Furnaces and Ovens by Type - Combustion and Electric Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Africa 15-Year Perspective for Industrial Furnaces and Ovens by Type - Percentage Breakdown of Value Sales for Combustion and Electric for the Years 2012, 2021 & 2027
Africa Current & Future Analysis for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Africa Historic Review for Industrial Furnaces and Ovens by Application - Material Handling, Metallurgy, Petrochemical and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Africa 15-Year Perspective for Industrial Furnaces and Ovens by Application - Percentage Breakdown of Value Sales for Material Handling, Metallurgy, Petrochemical and Other Applications for the Years 2012, 2021 & 2027
Total Companies Profiled: 264

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