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Global Industrial Heat Treatment Furnaces market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Global Industrial Heat Treatment Furnaces market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Global Industrial Heat Treatment Furnaces market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 09 May 2021
  • Report ID: M&E 0015
  • Pages:164
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Industrial Heat treatment furnaces are the heating chambers (refractory vessel) that hold the heat and steel stock. These vessels are heated with the help of fuel (coal, gas, or electricity). The industries determine the design of the furnace based on the stock of steel that is to be treated, and type of treatment that has to be carried out. Heat Treatment Furnace market will register a 3.0% CAGR in terms of revenue, the global market size will reach US$ 11300 million by 2028, from US$ 10200 million in 2019.

Top Driver: Rise in demand for heat treatment services will drive the market growth

A significant rise in demand for heat treatment services and equipment is majorly influenced by exponentially growing manufacturing industries, resulting in increased demand for iron making, and steel making facilities. The growth of heat treatment solutions and services is set to expand at a higher pace than other economic activities across the globe. increase in the adoption of machinery enabled with Industrial Internet of Things (IIoT) and equipped with temperature control sensors and POC analyzers and rise in investments in smart factories are anticipated to fuel the market for industrial ovens and furnaces in the next few years. Rising demand for fabricated metals in the automobile industry is anticipated to propel the global industrial ovens and furnaces market during the forecast period. Increase in the consumption of iron and steel in the infrastructure sector in developing countries is projected to propel the global industrial ovens and furnaces market in these countries in the near future.Technological advancements and increased demand for a wide range of processed metal products are some of the major factors estimated to boost the global industrial ovens and furnaces market in the next few years

Atmosphere to Make Crucial Contribution for Growth of Global Industrial Heat Treatment Furnaces

Ву tуре, thе market іѕ ѕеgmеntеd іntо Аtmоѕрhеrе Furnасеѕ, аnd Vасuum Furnасеѕ. Ву аррlісаtіоn, thе mаrkеt іѕ dіvіdеd іntо Меtаllurgісаl І nduѕtrу, Тrаnѕроrtаtіоn, аnd Оthеrѕ. The global heat treating equipment market can be segmented based on product type, metal processed, end-use industry, and region. Based on product type, the heat treating equipment market can be classified into fuel-fired furnace and electrically heated furnace. Based on metal processed, the heat treating equipment market can be segmented into ferrous metals and non-ferrous metal. Based on end-use industry, the global heat treating equipment market can be classified into aircraft, automobile, forging, foundry, and others (heavy machinery manufacturing, powder metal industry, etc.) Atmosphere segment will expected to grow in forecasting period. 

North America dominated to witness fastest growth in Global Industrial Heat Treatment Furnaces

Europe is expected to witness the maximum demand for industrial ovens and furnaces from 2019 to 2027. In terms of consumption, Europe is the leading region of the global industrial ovens and furnaces market. Additionally, Europe is a hub for the automotive industry, owing to presence of top automobile manufacturers with high production capacities such as BMW, Volvo, and Audi.

Asia Pacific is anticipated to be the rapidly expanding market for industrial ovens and furnaces between 2019 and 2027. This is primarily due to rapid industrialization in the region. Also, a few notable steelmaking plants are planning to start their projects in China and India in the next few years. This, in turn, is anticipated to fuel the demand for industrial ovens and furnaces in these countries of Asia Pacific in the near future.  Increase in the production of automobiles, rapid rise in construction activities, and increase in usage of drying and infrared firing ovens and furnaces are driving the market for industrial ovens and furnaces in Asia Pacific.

Players to Focus on Industrial Heat Treatment Furnaces.

Other major players operating in the global heat treatment furnace market include

  • Inductotherm Corporation
  • ALD
  • Ipsen,
  • Despatch
  • SECO/WARWICK
  • Nachi-Fujikoshi
  • PVA TePla
  • Cieffe(Accu)
  • Mersen .

Andritz AG : Andritz AG is an Austria based company that develops industrial process and production system solutions for a range of specialized and standard products. The company’s operating business segments include hydro, pulp & paper, metals, separation, and feed & biofuel. The heat treatment furnace provided by the company is part of its metals business segment. The company operates globally through its subsidiaries.

Tenova S.p.A:  Tenova S.p.A. is an Italian company that designs and distributes a broad array of melt-shop equipment comprising of koster Lances, electric arc furnaces, and consteel continuous scrap feeding and pre-heating systems. The company was established in 1997 and operates worldwide with a wide brand portfolio. Tenova Pyromet, Tenova Nova, Tenova I2S, Tenova HYL, Tenova Italimpianti, and Tenova LOI Thermprocess are some of its prominent brands.

Scope of the Report

By Fuel Type

  • Solid Fuels
  • Liquid Fuels
  • Gaseous Fuels
  • Electricity

By Technology

  • Atmosphere
  • Vacuum

By Industry

  • Metallurgy
  • Transportation

 By Region

  • North America
  • Europe
  • Asia Pacific
  • SAMEA

Key Reasons to Purchase this Report 

  1. It provides a technological development map over time to understand the growth rate of the industry.
  1. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  1. It renders definite analysis for changing competitive dynamics.
  1. It builds a seven-year estimate based on how the market is predicted to grow.

Chapter 1 Overview And Scope

1.1 Market Vision

1.1.1 Market Definition

1.1.2 Market Scope

1.2 Market Segmentation

Chapter 2 Our Research Practice

2.1 Our Research Methodology

2.2 Data Triangulation

2.3 Data Sources

2.4 Assumptions for the study

2.5 Approach Adopted

Chapter 3 Executive Summary

3.1 Market Snapshot

3.2 Regional Snapshot

3.3 Segment Summary

Chapter 4 Covid-19 Impact Analysis

4.1 Overview

4.2 Prevalence analysis

4.3 Key Factor Impact Analysis

Chapter 5 Global Smart Manufacturing Market Forces

5.1 What’s Driving the Market

5.2 Porter’s Five Forces Analysis

5.2.1 Power of Suppliers

5.2.2 Threats From New Entrants

5.2.3 Power of Buyer

5.2.4 Threat From Substitute Product

5.2.5 Degree of Competition

Chapter 6 Global Smart Manufacturing Market -Industry Snapshots

6.1 Overview

6.1.1 Global Smart Manufacturing Market Value, 2019 – 2028, (US$ Bn)

6.2 Market Overview

6.2.1 Drivers Analysis

6.2.2 Restraint/Challenges analysis

6.2.3 Opportunity Analysis

6.3 Supply Chain/Value Chain Analysis

6.4 Market SWOT Analysis

Chapter 7 Global Smart Manufacturing Market Analysis, by Technology

7.1 Overview

7.2 Key Findings for Smart Manufacturing Market- By Technology

7.2.1 Smart Manufacturing Market- Supervisory Controller and Data Acquisition (SCADA)

7.2.2 Smart Manufacturing Market- Manufacturing Execution System (MES)

7.2.3 Smart Manufacturing Market- Programmable Logic Controller (PLC)

7.2.4 Smart Manufacturing Market- Distributed Control System (DCS)

7.2.5 Smart Manufacturing Market- Enterprise Resource and Planning (ERP)

7.2.6 Smart Manufacturing Market- Product Lifecycle Management (PLM)

7.2.7 Smart Manufacturing Market- Human Machine Interface (HMI)

Chapter 8 Global Smart Manufacturing Market Analysis, by Component

8.1 Overview

8.2 Key Findings for Smart Manufacturing Market- By Component

8.2.1 Smart Manufacturing Market- Robotics

8.2.2 Smart Manufacturing Market- Communication Segment

8.2.3 Smart Manufacturing Market- Control Device

8.2.4 Smart Manufacturing Market- Sensor

8.2.5 Smart Manufacturing Market- Machine Vision Systems

Chapter 9 Global Smart Manufacturing Market Analysis, by End User

9.1 Overview

9.2 Key Findings for Smart Manufacturing Market- By End User

9.2.1 Smart Manufacturing Market- Oil and Gas

9.2.2 Smart Manufacturing Market- Automotive

9.2.3 Smart Manufacturing Market- Pharmaceutical

9.2.4 Smart Manufacturing Market- Chemical and Petrochemical

9.2.5 Smart Manufacturing Market- Metals and Mining

9.2.6 Smart Manufacturing Market- Food and Beverage

Chapter 10 Smart Manufacturing Market Analysis by Region

10.1 Key Findings for Smart Manufacturing Market- By region

10.2 Overview

10.2.1 Global Smart Manufacturing Market Analysis, By Technology, 2019 – 2028

10.2.2 Global Smart Manufacturing Market Analysis, By Component, 2019 – 2028

10.2.3 Global Smart Manufacturing Market Analysis, By End User, 2019 – 2028

10.3 Smart Manufacturing Market – North America

10.3.1 Overview

10.3.2 U.S.

10.3.3 Canada

10.3.4 Mexico

10.3.5 North America Market, By Technology

10.3.6 North America Market, By Component

10.3.7 North America Market, By End User

10.4 Smart Manufacturing Market – Europe

10.4.1 Overview

10.4.2 Germany

10.4.3 United Kingdom

10.4.4 France

10.4.5 Italy

10.4.6 Rest Of Europe

10.4.7 Europe Market, By Technology

10.4.8 Europe Market, By Component

10.4.9 Europe market by, End User

10.5 Smart Manufacturing Market – Asia Pacific

10.5.1 Overview

10.5.2 China

10.5.3 Japan

10.5.4 India

10.5.5 Rest of APAC

10.5.6 Asia Pacific Market, By Technology

10.5.7 Asia Pacific Market, By Component

10.5.8 Asia Pacific Market, By End User

10.6 Smart Manufacturing Market – LAMEA

10.6.1 Overview

10.6.2 Middle East & Africa (MEA)

10.6.3 Latin America

10.6.4 Rest Of World

10.6.5 Latin America, Middle East and Africa Market, By Technology

10.6.6 Latin America, Middle East and Africa Market, By Component

10.6.7 Latin America, Middle East and Africa Market, By End User

Chapter 11 Market Competition Analysis

11.1 Market Share/Positioning Analysis

11.1.1 Market Positioning of Key Vendors, 2019

11.1.2 Key Strategies Adopted by the Leading Players

11.1.3 Recent Developments

Chapter 12 Company Profiles- Snapshot

12.1 ABB

12.1.1 Business Fundamentals

12.1.2 Financial Snapshots

12.1.3 Product Portfolio

12.1.4 Recent Developments

12.2 Rockwell

12.3 Emerson Electric

12.4 Schneider

12.5 Siemens

12.6 IBM

12.7 General Electric

12.8 Honeywell

12.9 Texas Instruments Incorporated

12.10 Mitsubishi Electric Corporation

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13 Appendix

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