Industrial Furnaces Market by Operation Type (Gas/Fuel, and Electrical) by Arrangement (Tube or Clamshell, Box, Bottom Loading & Car Bottom, Top Loading, Others) by End-User (Automotive, Metal & Mining, Chemical, Oil & Gas, Food Processing, Others) and by Region - Global Trends and Forecast to 2027
An Industrial Furnace is, also known as a direct heater or a direct fired heater, is a device used to provide heat for an industrial process, typically higher than 400 degrees Celsius. Industrial furnaces are used globally for a wide range of applications. As the selection of applications grew, different types of furnaces were developed to keep up with demands. Of the many types of equipment and machines used for production and processing, furnaces are the most reliable. Through the combustion of fuels and gases, raw materials and products are heated by direct or indirect contact. The critical element in the operation of an efficient and economical furnace is its fuel.
Fuel flows into the burner and is burnt with air provided from an air blower. There can be more than one burner in a particular furnace which can be arranged in cells which heat a particular set of tubes. Burners can also be floor mounted, wall mounted, or roof mounted depending on design. The flames heat up the tubes, which in turn heat the fluid inside in the first part of the furnace known as the radiant section or firebox. The gases from the combustion are known as flue gas. After the flue gas leaves the firebox, most furnace designs include a convection section where more heat is recovered before venting to the atmosphere through the flue gas stack. Insulation is an important part of the furnace because it improves efficiency by minimizing heat escape from the heated chamber. Refractory materials such as firebrick, castable refractories and ceramic fiber, are used for insulation. Industrial furnaces are built of several kinds of high temperature (refractory) materials to hold the process material and hold in the heat without breaking down during the several months that they usually run.
The Industrial Furnace market, based on operation type, has been categorized as gas/fuel, and electrical. Though coal and wood were used for many years, they polluted the environment, required constant feeding, and made it difficult to keep a steady temperature. Modern furnaces have fuel fed directly into the furnace at a controlled rate or operate using electricity to maintain even temperature. Fuel fired furnaces are the most widely used. The nature of the fuel determines the design of the furnace but is not relevant to modern furnaces. As with any type of heat operated device, the supply of oxygen is important to the furnace‘s efficient operation. Electric furnaces use induction or resistance heating. The efficiency of electric furnaces, and the fact that they do not release flue gases makes them environmentally ideal. But the operation of an electric furnace is expensive making it share lower in developing countries.
The Industrial Furnace market, based on arrangement, has been categorized as tube or clamshell, box, bottom loading & car bottom, top loading, and others. Clamshell Furnace, also known as a Tip Up Furnace, features a pivoting furnace body to allow overhead crane loading and unloading of the parts. Clam Shell Furnaces are utilized for heat-treating, calcining, curing, annealing, stress relieving, preheating, tempering, and other high temperature thermal processes. Box Furnace features a vertical lift or swing out door allowing the various sized products to be placed in the furnace. Box Furnaces are utilized for heat-treating, calcining, curing, annealing, stress relieving, preheating, tempering, and other high temperature thermal processes. Box furnace is expected to have largest installed market share during the forecast period, due to their versatility.
The Industrial Furnace market, based on end-user, has been categorized as automotive, metal & mining, chemical, oil & gas, food processing, others. Furnace is crucial part of as mining & metal industries, as their operations revolve around it. Similarly, industrial furnace is used in industries for process such as aging, annealing, baking, brazing or soldering, burn-off, curing, drying, firing or sintering, foundry or melting, heat treating, hot pressing, laboratory, preheating, and quenching. The need for better quality of materials in end users such as automobile and mining & metals industry is expected to propel the market growth during the forecast years.
In terms of region, the Industrial Furnace market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America. The market in the Asia Pacific is expected to grow at the highest rate. The growth of the market in this region is attributed to the increasing investment in manufacturing and infrastructure sectors. Europe and North America is also expected to have decent market growth during the forecast period owing to increasing investment in reducing carbon emissions and industry 4.0
A few of the major players operating in the Industrial Furnaces market include Andritz, Carbolite Gero, Epcon Industrial, Gasbarre Products, Ipsen International and Nutec Group.
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TABLE OF CONTENTS
1 INTRODUCTION
1.1. STUDY OBJECTIVES
1.2. MARKET DEFINITION
1.3. INCLUSIONS AND EXCLUSIONS
1.3.1. INDUSTRIAL FURNACESMARKET, BY VOLTAGE: INCLUSION AND EXCLUSIONS
1.3.2. INDUSTRIAL FURNACES MARKET, BY INSTALLATION: INCLUSION AND EXCLUSIONS
1.3.3. INDUSTRIAL FURNACES MARKET, BY END-USER: INCLUSION AND EXCLUSIONS
1.4. MARKET SCOPE
1.4.1. MARKET SEGMENTATION
1.4.2. REGIONAL SCOPE
1.5. YEARS CONSIDERED
1.6. UNITS
1.7. CURRENCY
1.8. STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.1.1. SECONDARY DATA
2.1.1.1. Key data from secondary sources
2.1.2. PRIMARY DATA
2.1.2.1. Key data from primary sources
2.1.2.2. Key industry insights
2.1.2.3. Breakdown of primary interviews
2.2. MARKET SIZE ESTIMATION
2.2.1. BOTTOM-UP APPROACH
2.2.2. TOP-DOWN APPROACH
2.3. DATA TRIANGULATION
2.3.1. INDUSTRIAL FURNACES MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
2.4. RESEARCH ASSUMPTIONS
2.5. LIMITATIONS
2.6. RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1. ATTRACTIVE OPPORTUNITIES IN GLOBAL INDUSTRIAL FURNACES MARKET
4.2. INDUSTRIAL FURNACES MARKET, BY REGION
4.3. ASIA PACIFIC: INDUSTRIAL FURNACES MARKET, BY END-USER AND COUNTRY, 2021
4.4. INDUSTRIAL FURNACES MARKET, BY VOLTAGE
4.5. INDUSTRIAL FURNACES MARKET, BY INSTALLATION
4.6. INDUSTRIAL FURNACES MARKET, BY END-USER
5 MARKET OVERVIEW
5.1. INTRODUCTION
5.1.1. MARKET DYNAMICS
5.1.2. DRIVERS
5.1.3. RESTRAINTS
5.1.4. OPPORTUNITIES
5.1.5. CHALLENGES
5.2. TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.2.1. AVERAGE SELLING PRICE OF INDUSTRIAL FURNACESS OFFERED BY KEY PLAYERS
5.2.2. AVERAGE SELLING PRICE TREND
5.3. VALUE/SUPPLY CHAIN ANALYSIS
5.4. TECHNOLOGY ANALYSIS
5.5. KEY CONFERENCES & EVENTS IN 2022-2023
5.6. MARKET MAP
5.7. PATENT ANALYSIS
5.8. TRADE ANALYSIS
5.9. CASE STUDY ANALYSIS
5.10. TARIFFS, CODES & REGULATIONS
5.10.1. REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11. PORTER’S FIVE FORCE ANALYSIS
5.12. KEY STAKEHOLDERS & BUYING CRITERIA
5.12.1. KEY STAKEHOLDERS IN THE BUYING PROCESS
5.12.2. BUYING CRITERIA
6 INDUSTRIAL FURNACES MARKET, BY OPERATION
(Value (USD Million) -2020, 2021 2022-e, 2027-f)
6.1. INTRODUCTION
6.2. GAS/FUEL
6.3. ELECTRICAL
7 INDUSTRIAL FURNACES MARKET, BY ARRANGEMENT
(Value (USD Million) -2020, 2021 2022-e, 2027-f)
7.1. INTRODUCTION
7.2. TUBE OR CLAMSHEL
7.3. BOX
7.4. BOTTOM LOADING & CAR BOTTOM
7.5. TOP LOADING
7.6. OTHERS
8 INDUSTRIAL FURNACES MARKET, BY END-USER
(Value (USD Million) - 2020, 2021, 2022-e, 2027-f)
8.1. INTRODUCTION
8.1.1. AUTOMOTIVE
8.1.2. METAL & MINING
8.1.3. CHEMICAL
8.1.4. OIL & GAS
8.1.5. FOOD PROCESSING
8.1.6. OTHERS
9 INDUSTRIAL FURNACES MARKET, BY REGION
(Value (USD Million), Volume (Units) - 2020, 2021, 2022-e, 2027-f)
9.1. INTRODUCTION
9.2. ASIA PACIFIC
9.2.1. BY OPERATION
9.2.2. BY ARRANGEMENT
9.2.3. BY END-USER
9.2.4. BY COUNTRY
9.2.4.1. China
9.2.4.1.1. By end-user
9.2.4.2. India
9.2.4.3. South Korea
9.2.4.4. Australia
9.2.4.5. Japan
9.2.4.6. Rest of Asia Pacific
9.3. NORTH AMERICA
9.3.1. BY OPERATION
9.3.2. BY ARRANGEMENT
9.3.3. BY END-USER
9.3.4. BY COUNTRY
9.3.4.1. US
9.3.4.1.1. By end-user
9.3.4.2. Canada
9.3.4.3. Mexico
9.4. EUROPE
9.4.1. BY OPERATION
9.4.2. BY ARRANGEMENT
9.4.3. BY END-USER
9.4.4. BY COUNTRY
9.4.4.1. UK
9.4.4.1.1. By end-user
9.4.4.2. Germany
9.4.4.3. Italy
9.4.4.4. France
9.4.4.5. Rest of Europe
9.5. SOUTH AMERICA
9.5.1. BY OPERATION
9.5.2. BY ARRANGEMENT
9.5.3. BY END-USER
9.5.4. BY COUNTRY
9.5.4.1. Brazil
9.5.4.1.1. By end-user
9.5.4.2. Argentina
9.5.4.3. Rest of South America
9.6. MIDDLE EAST & AFRICA
9.6.1. BY OPERATION
9.6.2. BY ARRANGEMENT
9.6.3. BY END-USER
9.6.4. BY COUNTRY
9.6.4.1. Saudi Arabia
9.6.4.1.1. By end-user
9.6.4.2. UAE
9.6.4.3. South Africa
9.6.4.4. Kuwait
9.6.4.5. Rest of Middle East & Africa
10 COMPETITIVE LANDSCAPE
10.1. KEY PLAYER STRATEGIES
10.2. COMPETITIVE SCENARIOS AND TRENDS
10.3. RECENT MARKET DEVELOPMENTS
10.4. MARKET SHARE (BY REVENUE), 2021
10.5. REVENUE ANALYSIS OF TOP 5 PLAYERS, 2021
10.6. COMPANY EVALUATION QUADRANT
10.6.1. STAR
10.6.2. PERVASIVE
10.6.3. EMERGING LEADER
10.6.4. PARTICIPANT
10.7. START-UP/SME EVALUATION QUADRANT
10.7.1. DYNAMIC COMPANY
10.7.2. RESPONSIVE COMPANY
10.7.3. PROGRESSIVE COMPANY
10.7.4. STARTING BLOCK
10.7.5. COMPETITIVE BENCHMARKING
10.8. INDUSTRIAL FURNACES MARKET: COMPANY FOOTPRINT
11 COMPANY PROFILES
11.1. ANDRITZ
11.1.1. Business Overview
11.1.2. Products Offered
11.1.3. Recent Developments
11.1.4. MnM view
11.1.4.1. Key strategies/right to win
11.1.4.2. Strategic choices made
11.1.4.3. Weaknesses and competitive threats
11.2. CARBOLITE GERO
11.3. EPCON INDUSTRIAL
11.4. GASBARRE PRODUCTS
11.5. IPSEN INTERNATIONAL
11.6. NUTEC GROUP
11.7. THERMCRAFT
11.8. THERMAL PRODUCT
12 APPENDIX
12.1. INSIGHTS OF INDUSTRY EXPERTS
12.2. DISCUSSION GUIDE
12.3. KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4. CUSTOMIZATION OPTIONS
12.5. RELATED REPORTS
12.6. AUTHOR DETAILS
Note: e-Estimated, f-Forecast
• THIS IS A TENTATIVE LIST OF COMPANIES. ADDITIONAL COUNTRIES & COMPANIES MAY BE ADDED/UPDATED DURING THE COURSE OF THE STUDY
• DETAILS ON COMPANY OVERVIEW, FINANCIALS, PRODUCT & SERVICES, STRATEGY, AND DEVELOPMENTS MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES
Growth opportunities and latent adjacency in Industrial Furnaces Market