Analysts’ Viewpoint on Market Scenario
Expansion in the steel sector and rise in investment in infrastructure development are expected to propel the industrial furnace market size in the near future. Rise in adoption of various strategies to reduce pollutant emissions and boost productivity and furnace energy conservation is also boosting market expansion.
Short lifespan of gas furnaces and risk of fires and explosions are likely to hinder the industrial furnace market growth in the next few years. Vendors in the global industrial furnace industry are employing various technologies, such as IoT, to facilitate automation and boost furnace efficiency.
Furnace is an industrial heating equipment that provides direct electric or gas heat for industrial processes that require temperatures of more than 400 ⁰C. Heat treatment of metals for annealing, tempering, carburizing, or pre-treatment of metals for forging is done in an industrial furnace.
Several industrial processes require heating for the preparation of materials for the production or the consummation of an application. Electric and gas industrial furnaces provide the necessary temperature control and dependability to finish a manufacturing process or operation. While an industrial furnace is typically used to treat metal, other materials such as glass and certain kinds of ceramics are also heated to prepare them for shaping.
Metallurgical companies rely on industrial furnaces to purify, heat treat, and treat different types of metals at extremely high temperatures. Expansion in the steel sector is propelling the industrial furnace market value.
According to the American Iron and Steel Institute, the year-to-date production of steel was 37,246,000 net tons, with a capability utilization rate of 75.5% in June 2023. After China, the European Union is the world's second-largest producer of steel. It produces 170 million tons of crude steel annually, which generates € 166 Bn in annual revenue and contributes 1.3% of the EU's GDP.
The steel sector of India has been driven by the domestic availability of raw materials such as iron and cost-effective labor. According to the Ministry of Steel, the production of crude steel and finished steel in India stood at 133.596 MT and 120.01 MT in FY 2022. In April 2023, the World Steel Association predicted that 1.814 billion tons of steel would be consumed worldwide, with China accounting for approximately half that number.
In 2021, the U.S. government announced to invest US$ 1.25 Trn across transportation, energy, water assets, and broadband sectors for the next five to 10 years. In 2022, the Connecting Europe Facility (CEF) selected 135 transport infrastructure projects for EU grants with an investment of € 5.4 Bn in environment-friendly, safe, and effective transportation infrastructure. Thus, surge in investment in infrastructure development is augmenting the industrial furnace market progress.
According to the latest industrial furnace market trends, the electrically operated type segment is expected to dominate the industry during the forecast period. Electric furnaces produce about two-fifths of the steel made in the U.S.
Most steel products are manufactured using electric furnaces. Mini-mills, which are small plants that use scrap charges to produce reinforcing bars, merchant bars (such as angles and channels), and structural sections, use electric furnaces exclusively.
According to the latest industrial furnace market forecast, Asia Pacific is projected to hold largest share from 2023 to 2031. Growth in the steel sector and rise in investment in infrastructure development are boosting market dynamics in the region.
The industry in North America is anticipated to grow at a significant pace in the near future. Surge in usage of steel and increase in government investment in infrastructure development are driving market statistics in the region.
The global industry is highly fragmented, with the presence of various global and regional players including Abbott Furnace Company, Andritz, Carbolite Gero Ltd., Epcon Industrial System, Inductotherm Corporation, International Thermal System, Ipsen, Primetals Technologies, SECO/WARWICK, and Tenova.
Key players in the industrial furnace market report have been profiled based on various parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. Manufacturers are investing in R&D and product expansions to increase their industrial furnace market share.
Attribute | Detail |
---|---|
Market Value in 2022 |
US$ 10.7 Bn |
Market Forecast Value in 2031 |
US$ 18.4 Bn |
Growth Rate (CAGR) |
4.8% |
Forecast Period |
2023-2031 |
Historical Data Available for |
2017-2021 |
Quantitative Units |
US$ Bn for Value and Thousand Units for Volume |
Market Analysis |
Includes cross segment analysis at regional as well as country level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
Competition Landscape |
|
Format |
Electronic (PDF) + Excel |
Market Segmentation |
|
Region Covered |
|
Countries Covered |
|
Companies Profiled |
|
Customization Scope |
Available upon request |
Pricing |
Available upon request |
The global market was valued at US$ 10.7 Bn in 2022
It is expected to be 4.8% from 2023 to 2031
Expansion in steel sector and rise in investment in infrastructure development
The electrically operated type segment held largest share in 2022
Asia Pacific is expected to record the highest demand during the forecast period
Abbott Furnace Company, Andritz, Carbolite Gero Ltd., Epcon Industrial System, Inductotherm Corporation, International Thermal System, Ipsen, Primetals Technologies, SECO/WARWICK, and Tenova
1. Preface
1.1. Market Definitions and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.3. Key Trends Analysis
5.3.1. Supply Side
5.3.2. Demand Side
5.4. Key Market Indicators
5.5. Porter’s Five Forces Analysis
5.6. Industry SWOT Analysis
5.7. Raw Material Analysis
5.8. Technological Overview Analysis
5.9. Global Industrial Furnace Market Analysis and Forecast, 2017 - 2031
5.9.1. Market Value Projection (US$ Bn)
5.9.2. Market Volume Projection (Thousand Units)
6. Global Industrial Furnace Market Analysis and Forecast, by Type
6.1. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031
6.1.1. Gas/Burner Operated
6.1.2. Electrically Operated
6.2. Incremental Opportunity, by Type
7. Global Industrial Furnace Market Analysis and Forecast, by Temperature
7.1. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031
7.1.1. Below 800°C
7.1.2. 800°C - 1000°C
7.1.3. 1000°C - 1200°C
7.1.4. Above 1200°C
7.2. Incremental Opportunity, by Temperature
8. Global Industrial Furnace Market Analysis and Forecast, by End-use Industry
8.1. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031
8.1.1. Metal & Mining
8.1.2. Oil & Gas
8.1.3. Automotive Manufacturing
8.1.4. Metallurgy
8.1.5. Others (Chemical, Ceramic, etc.)
8.2. Incremental Opportunity, by End-use Industry
9. Global Industrial Furnace Market Analysis and Forecast, by Distribution Channel
9.1. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
9.1.1. Direct Sales
9.1.2. Indirect Sales
9.2. Incremental Opportunity, by Distribution Channel
10. Global Industrial Furnace Market Analysis and Forecast, by Region
10.1. Industrial Furnace Market (US$ Bn and Thousand Units), by Region, 2017 - 2031
10.1.1. North America
10.1.2. Europe
10.1.3. Asia Pacific
10.1.4. Middle East & Africa
10.1.5. South America
10.2. Incremental Opportunity, by Region
11. North America Industrial Furnace Market Analysis and Forecast
11.1. Regional Snapshot
11.2. Key Trend Analysis
11.3. Price Trend Analysis
11.3.1. Weighted Average Selling Price (US$)
11.4. Brand Analysis
11.5. Consumer Buying Behavior Analysis
11.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031
11.6.1. Gas/Burner Operated
11.6.2. Electrically Operated
11.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031
11.7.1. Below 800°C
11.7.2. 800°C - 1000°C
11.7.3. 1000°C - 1200°C
11.7.4. Above 1200°C
11.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031
11.8.1. Metal & Mining
11.8.2. Oil & Gas
11.8.3. Automotive Manufacturing
11.8.4. Metallurgy
11.8.5. Others (Chemical, Ceramic, etc.)
11.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
11.9.1. Direct Sales
11.9.2. Indirect Sales
11.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031
11.10.1. U.S.
11.10.2. Canada
11.10.3. Rest of North America
11.11. Incremental Opportunity Analysis
12. Europe Industrial Furnace Market Analysis and Forecast
12.1. Regional Snapshot
12.2. Key Trend Analysis
12.3. Price Trend Analysis
12.3.1. Weighted Average Selling Price (US$)
12.4. Brand Analysis
12.5. Consumer Buying Behavior Analysis
12.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031
12.6.1. Gas/Burner Operated
12.6.2. Electrically Operated
12.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031
12.7.1. Below 800°C
12.7.2. 800°C - 1000°C
12.7.3. 1000°C - 1200°C
12.7.4. Above 1200°C
12.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031
12.8.1. Metal & Mining
12.8.2. Oil & Gas
12.8.3. Automotive Manufacturing
12.8.4. Metallurgy
12.8.5. Others (Chemical, Ceramic, etc.)
12.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
12.9.1. Direct Sales
12.9.2. Indirect Sales
12.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031
12.10.1. U.K.
12.10.2. Germany
12.10.3. France
12.10.4. Rest of Europe
12.11. Incremental Opportunity Analysis
13. Asia Pacific Industrial Furnace Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Key Trend Analysis
13.3. Price Trend Analysis
13.3.1. Weighted Average Selling Price (US$)
13.4. Brand Analysis
13.5. Consumer Buying Behavior Analysis
13.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031
13.6.1. Gas/Burner Operated
13.6.2. Electrically Operated
13.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031
13.7.1. Below 800°C
13.7.2. 800°C - 1000°C
13.7.3. 1000°C - 1200°C
13.7.4. Above 1200°C
13.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031
13.8.1. Metal & Mining
13.8.2. Oil & Gas
13.8.3. Automotive Manufacturing
13.8.4. Metallurgy
13.8.5. Others (Chemical, Ceramic, etc.)
13.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
13.9.1. Direct Sales
13.9.2. Indirect Sales
13.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031
13.10.1. China
13.10.2. India
13.10.3. Japan
13.10.4. Rest of Asia Pacific
13.11. Incremental Opportunity Analysis
14. Middle East & Africa Industrial Furnace Market Analysis and Forecast
14.1. Regional Snapshot
14.2. Key Trend Analysis
14.3. Price Trend Analysis
14.3.1. Weighted Average Selling Price (US$)
14.4. Brand Analysis
14.5. Consumer Buying Behavior Analysis
14.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031
14.6.1. Gas/Burner Operated
14.6.2. Electrically Operated
14.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031
14.7.1. Below 800°C
14.7.2. 800°C - 1000°C
14.7.3. 1000°C - 1200°C
14.7.4. Above 1200°C
14.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031
14.8.1. Metal & Mining
14.8.2. Oil & Gas
14.8.3. Automotive Manufacturing
14.8.4. Metallurgy
14.8.5. Others (Chemical, Ceramic, etc.)
14.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
14.9.1. Direct Sales
14.9.2. Indirect Sales
14.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031
14.10.1. GCC
14.10.2. South Africa
14.10.3. Rest of Middle East & Africa
14.11. Incremental Opportunity Analysis
15. South America Industrial Furnace Market Analysis and Forecast
15.1. Regional Snapshot
15.2. Key Trend Analysis
15.3. Price Trend Analysis
15.3.1. Weighted Average Selling Price (US$)
15.4. Brand Analysis
15.5. Consumer Buying Behavior Analysis
15.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031
15.6.1. Gas/Burner Operated
15.6.2. Electrically Operated
15.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031
15.7.1. Below 800°C
15.7.2. 800°C - 1000°C
15.7.3. 1000°C - 1200°C
15.7.4. Above 1200°C
15.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031
15.8.1. Metal & Mining
15.8.2. Oil & Gas
15.8.3. Automotive Manufacturing
15.8.4. Metallurgy
15.8.5. Others (Chemical, Ceramic, etc.)
15.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
15.9.1. Direct Sales
15.9.2. Indirect Sales
15.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031
15.10.1. Brazil
15.10.2. Rest of South America
15.11. Incremental Opportunity Analysis
16. Competition Landscape
16.1. Market Player - Competition Dashboard
16.2. Market Revenue Share Analysis (%), (2022)
16.3. Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
16.3.1. Abbott Furnace Company
16.3.1.1. Company Overview
16.3.1.2. Sales Area/Geographical Presence
16.3.1.3. Revenue
16.3.1.4. Strategy & Business Overview
16.3.2. Andritz
16.3.2.1. Company Overview
16.3.2.2. Sales Area/Geographical Presence
16.3.2.3. Revenue
16.3.2.4. Strategy & Business Overview
16.3.3. Carbolite Gero Ltd.
16.3.3.1. Company Overview
16.3.3.2. Sales Area/Geographical Presence
16.3.3.3. Revenue
16.3.3.4. Strategy & Business Overview
16.3.4. Epcon Industrial System
16.3.4.1. Company Overview
16.3.4.2. Sales Area/Geographical Presence
16.3.4.3. Revenue
16.3.4.4. Strategy & Business Overview
16.3.5. Inductotherm Corporation
16.3.5.1. Company Overview
16.3.5.2. Sales Area/Geographical Presence
16.3.5.3. Revenue
16.3.5.4. Strategy & Business Overview
16.3.6. International Thermal System
16.3.6.1. Company Overview
16.3.6.2. Sales Area/Geographical Presence
16.3.6.3. Revenue
16.3.6.4. Strategy & Business Overview
16.3.7. Ipsen
16.3.7.1. Company Overview
16.3.7.2. Sales Area/Geographical Presence
16.3.7.3. Revenue
16.3.7.4. Strategy & Business Overview
16.3.8. Primetals Technologies
16.3.8.1. Company Overview
16.3.8.2. Sales Area/Geographical Presence
16.3.8.3. Revenue
16.3.8.4. Strategy & Business Overview
16.3.9. SECO/WARWICK
16.3.9.1. Company Overview
16.3.9.2. Sales Area/Geographical Presence
16.3.9.3. Revenue
16.3.9.4. Strategy & Business Overview
16.3.10. Tenova
16.3.10.1. Company Overview
16.3.10.2. Sales Area/Geographical Presence
16.3.10.3. Revenue
16.3.10.4. Strategy & Business Overview
16.3.11. Other Key Players
16.3.11.1. Company Overview
16.3.11.2. Sales Area/Geographical Presence
16.3.11.3. Revenue
16.3.11.4. Strategy & Business Overview
17. Go to Market Strategy
17.1. Identification of Potential Market Spaces
17.1.1. By Type
17.1.2. By Temperature
17.1.3. By End-use Industry
17.1.4. By Distribution Channel
17.1.5. By Region
17.2. Preferred Sales & Marketing Strategy
List of Tables
Table 1: Global Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Table 2: Global Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Table 3: Global Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Table 4: Global Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Table 5: Global Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Table 6: Global Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Table 7: Global Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Table 8: Global Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Table 9: Global Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Table 10: Global Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Table 11: North America Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Table 12: North America Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Table 13: North America Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Table 14: North America Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Table 15: North America Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Table 16: North America Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Table 17: North America Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Table 18: North America Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Table 19: North America Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Table 20: North America Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Table 21: Europe Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Table 22: Europe Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Table 23: Europe Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Table 24: Europe Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Table 25: Europe Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Table 26: Europe Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Table 27: Europe Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Table 28: Europe Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Table 29: Europe Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Table 30: Europe Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Table 31: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Table 32: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Table 33: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Table 34: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Table 35: Asia Pacific Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Table 36: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Table 37: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Table 38: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Table 39: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Table 40: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Table 41: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Table 42: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Table 43: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Table 44: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Table 45: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Table 46: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Table 47: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Table 48: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Table 49: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Table 50: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Table 51: South America Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Table 52: South America Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Table 53: South America Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Table 54: South America Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Table 55: South America Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Table 56: South America Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Table 57: South America Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Table 58: South America Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Table 59: South America Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Table 60: South America Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
List of Figures
Figure 1: Global Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Figure 2: Global Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Figure 3: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031
Figure 4: Global Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Figure 5: Global Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Figure 6: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031
Figure 7: Global Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Figure 8: Global Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Figure 9: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031
Figure 10: Global Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Figure 11: Global Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Figure 12: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031
Figure 13: Global Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Figure 14: Global Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Figure 15: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031
Figure 16: North America Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Figure 17: North America Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Figure 18: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031
Figure 19: North America Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Figure 20: North America Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Figure 21: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031
Figure 22: North America Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Figure 23: North America Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Figure 24: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031
Figure 25: North America Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Figure 26: North America Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Figure 27: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031
Figure 28: North America Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Figure 29: North America Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Figure 30: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031
Figure 31: Europe Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Figure 32: Europe Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Figure 33: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031
Figure 34: Europe Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Figure 35: Europe Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Figure 36: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031
Figure 37: Europe Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Figure 38: Europe Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Figure 39: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031
Figure 40: Europe Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Figure 41: Europe Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Figure 42: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031
Figure 43: Europe Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Figure 44: Europe Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Figure 45: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031
Figure 46: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Figure 47: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Figure 48: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031
Figure 49: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Figure 50: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Figure 51: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031
Figure 52: Asia Pacific Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Figure 53: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Figure 54: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031
Figure 55: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Figure 56: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Figure 57: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031
Figure 58: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Figure 59: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Figure 60: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031
Figure 61: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Figure 62: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Figure 63: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031
Figure 64: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Figure 65: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Figure 66: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature,2023-2031
Figure 67: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Figure 68: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Figure 69: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2017-2031
Figure 70: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Figure 71: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Figure 72: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031
Figure 73: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Figure 74: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Figure 75: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031
Figure 76: South America Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031
Figure 77: South America Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031
Figure 78: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031
Figure 79: South America Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031
Figure 80: South America Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031
Figure 81: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031
Figure 82: South America Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031
Figure 83: South America Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031
Figure 84: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031
Figure 85: South America Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031
Figure 86: South America Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031
Figure 87: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031
Figure 88: South America Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031
Figure 89: South America Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031
Figure 90: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031