The global market for Industrial Furnaces and Ovens is projected to reach US$12.5 billion by the year 2017. Growth in the market is expected to primarily result from growing popularity of revolutionary hybrid furnaces, increasing replacement of old furnaces, availability of new oxygen technologies, and increasing demand from developing countries.
The world market for industrial furnaces and ovens is dominated by Europe, followed by the US. Asia-Pacific is poised to register the fastest compounded annual growth rate over the analysis period. Segment-wise, Industrial electric heating equipment constitutes the largest product segment. Industrial furnace market continues to witness increased popularity of revolutionary hybrid furnaces. Latest oxygen technologies float in the industrial furnace circuit over conventional glass furnaces.
Oxygen convalesce the glass quality and production capacity of air fuel furnace. Enrichment, Lancing and boosting techniques surfaced the market for regenerative furnaces. Further, new hybrid furnaces are expected to replace conventional air fuel technology at a rapid pace. Oxy-fuel technology precedes air-fuel process by utilizing oxygen for environment-friendly glass combustion by eliminating nitrogen present in air, reducing maintenance cost, and providing designing simplicity.Report Scope
This report analyzes the worldwide markets for Industrial Furnaces and Ovens in US$ Million by the following Product Groups/Segments: Electrical Industrial Furnaces & Ovens (Electric Furnaces, Electric Ovens and Kilns, & Other Electric Furnaces & Ovens), Induction & Dielectric Furnaces & Ovens, Industrial Electric Heating Equipment, Fuel-Fired Industrial Furnaces & Ovens, and Other Industrial Furnaces & Ovens. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets.
The report profiles 339 companies including many key and niche players such as Beijing Shenwu Thermal Energy Technology Co., Carbolite, CM Furnaces, Inc., Inductotherm Corporation, JLS Redditch, Ltd., Kilns & Furnaces Limited, Nachi-Fujikoshi Corp., Pyradia, and Surface Combustion, Inc., Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain. Global Industry Analysts ©
Click for Report details:Industrial Furnaces and Ovens: A Global Strategic Business Report