Global Industrial Furnace Strategy Business Report 2023: Market to Reach $23.1 Billion by 2030 - Gas / Fuel Operated Furnaces to Account for $15 Billion

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Sep 20, 2023, 14:00 ET

DUBLIN, Sept. 20, 2023 /PRNewswire/ -- The "Industrial Furnace - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Industrial Furnace Market to Reach $23.1 Billion by 2030

The global market for Industrial Furnace estimated at US$12.7 Billion in the year 2022, is projected to reach a revised size of US$23.1 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2022-2030.

The global industrial furnace market is experiencing substantial growth, with significant market segments and diverse geographical regions contributing to its expansion. This comprehensive analysis covers past market performance, current trends, and future projections for industrial furnaces used in various applications such as gas/fuel-operated, electrically operated, oil & gas, chemicals, transportation, and other end-uses.

The data provided includes annual sales in millions of US dollars and percentage CAGR, offering valuable insights into the dynamics of the industrial furnace market. Whether you're interested in specific types of furnaces or regional market trends, this report provides a thorough understanding of this dynamic industry.

Gas / Fuel Operated, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$15 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electrically Operated segment is readjusted to a revised 7.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 12.3% CAGR

The Industrial Furnace market in the U.S. is estimated at US$3.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Industrial Furnace - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

FOCUS ON SELECT PLAYERS (Total 57 Featured)

Abbott Furnace Company
Acim Jouanin SA
AET Technologies
AFC-Holcroft
Aichelin Ges.m.b.H.
Airflow World Group Ltd.
Airtec Thermoprocess GmbH
Ajax Tocco Magnethermic Corporation
ALD Vacuum Technologies GmbH
ALMOR Group

For more information about this report visit https://www.researchandmarkets.com/r/nq86at

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SOURCE Research and Markets