Industrial Ovens and Furnaces Market was valued at USD 8.54 Bn in 2024 and is expected to reach USD 10.16 Bn by 2032, at a CAGR of 2.2%.Industrial Ovens and Furnaces Market Introduction
An industrial oven is a device used to create extremely high temperatures to heat treat parts, condition metals, and cure metal coatings. Common functions for industrial ovens include drying, curing, testing, and coating parts and products. The type of treatment describes the property changes of a product when it is heated, such as dried, baked, or dehydrated. Industrial ovens and furnaces are primarily used in industries such as automotive and construction to heat-treat metals in order to produce steam. Key application areas of industrial ovens and furnaces are metallurgy, the petrochemical industry, and material handling. The global industrial ovens and furnaces market is expected to expand at a rapid pace during the forecast period, owing to increase in the demand for industrial ovens and furnaces in different industries such as construction and automotive.To Know About The Research Methodology :- Request Free Sample Report
Industrial Ovens and Furnaces Market Dynamics
Ease of manufacturing aids in productivity economically, which is helping the market grow. Maximum output at affordable cost is expected to be achieved, which is resulting in growth for the industrial oven and furnace market. Composite ovens play a key role in composite manufacturing as curing determines performance such as longevity, corrosion, and fatigue resistance of composites. In the post-COVID-19 period, as the market returns to growth, carbon fiber ovens will witness high revenue gains. Recurring demand for iron and steel accompanied by other significant materials and metals will help in boosting the market in the forecast period. In addition, factors such as the rise in the adoption of electric industrial furnaces and ovens, and increase in demand for lightweight products, and technological advancements fuel the growth globally.Growing levels of investments in smart factories and the Industrial Internet of Things (IoT) will help drive demand for furnaces and ovens that are equipped with POC analyzers and temperature control features. As prices of digital hardware and software decline, microprocessor-based controllers are expected to become a common feature in modern industrial furnaces in recent years.Industrial Ovens and Furnaces Market Segment Analysis:
Smart machines will benefit from templates of proven designs for products ranging from simple software functions to fully functional modules describing mechanics, electrical, motion, interfaces, features, and behaviour. Smart machines will connect directly to the broader Ethernet-based network. This allows data sharing and production planning, that goes far beyond the capabilities of traditional stand-alone machinery and automation. The concept of furnace total validated documented architecture (TVDA) solutions will provide building blocks for furnace control panel design and is expected to become common in the future. This acts as a key smart-machine differentiator. Thermal processing ovens and furnaces historically were characterized by limited communication technology. New smart machines are using established communication protocols, IoT devices and cloud computing resources to enable Lifecycle cost reductions, Machine performance improvements and new ways to interact with all workers.Industrial Ovens and Furnaces Market Regional Analysis
The market for Industrial Ovens and Furnaces is expected to grow in the APAC region. Growth in the region is expected to be fuelled by the demand for electric heating industrial ovens. With the increasing rate of industrialization in the Asia Pacific region, the region is estimated to gain significant value in the industrial oven market over the forecast period. Steel-making plants are expected to start projects in India and China, which will aid to gain a profitable share in the industrial oven market. Also, in the APAC region where the world’s largest steel and automobile producers are present, the market for industrial furnaces is emerging. In economies where more steel plants are being invested, the market there is expected to boost. Regions in Western Europe, NA, Russia, and MEA are hot spots for industrial ovens and furnaces market.Industrial Ovens and Furnaces Market Segmentation:Inquire before buying
Global Industrial Ovens and Furnaces Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: USD 8.54 Bn. Forecast Period 2025 to 2032 CAGR: 2.2% Market Size in 2032: USD 10.16 Bn. Segments Covered: by Product Electric Industrial Ovens and Furnaces Induction & Dielectric Industrial Ovens and Furnaces Industrial Electric Heating Equipment Fuel-fired Industrial Ovens and Furnaces by Power Type Combustion Type Electric Type by Application Aerospace Furniture Marine Automotive Pharmaceutical Food Production Industrial Ovens and Furnaces Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Industrial Ovens and Furnaces Market, Key Players are:
1. Andritz AG 2. Tenova S.p.A. 3. Despatch Industries 4. Primetals Technologies Limited 5. Aichelin Group 6. AFC-Holcroft 7. Airtec Thermoprocess GmbH 8. AVS, Inc. 9. Can-Eng Furnaces International Limited 10. Carbolite Gero Ltd. 11. ElectroHeat AB 12. Inductotherm Corporation 13. CERI Phoenix Industrial Furnace 14. Despatch Industries 15. Grieve Corporation Frequently Asked Questions: 1. Which region has the largest share in Global Market ? Ans: Asia Pacific region held the highest share in 2024. 2. What is the growth rate of Global Market ? Ans: The Global Industrial Ovens and Furnaces Market is growing at a CAGR of 2.2% during forecasting period 2025-2032. 3. What is scope of the Global Industrial Ovens and Furnaces Market report? Ans: Global Industrial Ovens and Furnaces Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Industrial Ovens and Furnaces Market ? Ans: The important key players in the Global Industrial Ovens and Furnaces Market are – Andritz AG, Tenova S.p.A., Despatch Industries, Primetals Technologies Limited, Aichelin Group, AFC-Holcroft, Airtec Thermoprocess GmbH, AVS, Inc., Can-Eng Furnaces International Limited, Carbolite Gero Ltd., ElectroHeat AB, Inductotherm Corporation, CERI Phoenix Industrial Furnace, Despatch Industries, Grieve Corporation. 5. What is the study period of this Market? Ans: The Global Industrial Ovens and Furnaces Market is studied from 2024 to 2032.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Industrial Ovens and Furnaces Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2024 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Industrial Ovens and Furnaces Market 3.4. Geographical Snapshot of the Industrial Ovens and Furnaces Market, By Manufacturer share 4. Global Industrial Ovens and Furnaces Market Overview, 2024-2032 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Industrial Ovens and Furnaces Market 5. Supply Side and Demand Side Indicators 6. Global Industrial Ovens and Furnaces Market Analysis and Forecast, 2024-2032 6.1. Global Industrial Ovens and Furnaces Market Size & Y-o-Y Growth Analysis. 7. Global Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 7.1.1. Electric Industrial Ovens and Furnaces 7.1.2. Induction & Dielectric Industrial Ovens and Furnaces 7.1.3. Industrial Electric Heating Equipment 7.1.4. Fuel-fired Industrial Ovens and Furnaces 7.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 7.2.1. Combustion Type 7.2.2. Electric Type 7.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 7.3.1. Aerospace 7.3.2. Furniture 7.3.3. Marine 7.3.4. Automotive 7.3.5. Pharmaceutical 7.3.6. Food Production 8. Global Industrial Ovens and Furnaces Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2024-2032 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 9.1.1. Electric Industrial Ovens and Furnaces 9.1.2. Induction & Dielectric Industrial Ovens and Furnaces 9.1.3. Industrial Electric Heating Equipment 9.1.4. Fuel-fired Industrial Ovens and Furnaces 9.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 9.2.1. Combustion Type 9.2.2. Electric Type 9.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 9.3.1. Aerospace 9.3.2. Furniture 9.3.3. Marine 9.3.4. Automotive 9.3.5. Pharmaceutical 9.3.6. Food Production 10. North America Industrial Ovens and Furnaces Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 11.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 11.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 12. Canada Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 12.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 12.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 13. Mexico Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 13.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 13.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 14. Europe Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 14.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 14.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 15. Europe Industrial Ovens and Furnaces Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 16.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 16.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 17. France Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 17.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 17.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 18. Germany Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 18.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 18.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 19. Italy Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 19.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 19.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 20. Spain Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 20.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 20.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 21. Sweden Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 21.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 21.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 22. CIS Countries Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 22.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 22.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 23. Rest of Europe Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 23.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 23.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 24. Asia Pacific Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 24.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 24.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 25. Asia Pacific Industrial Ovens and Furnaces Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 26.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 26.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 27. India Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 27.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 27.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 28. Japan Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 28.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 28.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 29. South Korea Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 29.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 29.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 30. Australia Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 30.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 30.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 31. ASEAN Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 31.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 31.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 32. Rest of Asia Pacific Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 32.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 32.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 33. Middle East Africa Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 33.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 33.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 34. Middle East Africa Industrial Ovens and Furnaces Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2024-2032 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 35.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 35.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 36. GCC Countries Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 36.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 36.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 37. Egypt Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 37.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 37.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 38. Nigeria Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 38.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 38.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 39. Rest of ME&A Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 39.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 39.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 40. South America Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 40.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 40.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 41. South America Industrial Ovens and Furnaces Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2024-2032 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 42.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 42.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 43. Argentina Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 43.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 43.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 44. Rest of South America Industrial Ovens and Furnaces Market Analysis and Forecasts, 2024-2032 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2024-2032 44.2. Market Size (Value) Estimates & Forecast By Power Type, 2024-2032 44.3. Market Size (Value) Estimates & Forecast By Application, 2024-2032 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Industrial Ovens and Furnaces Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward 45.3. Company Profile – Andritz AG 45.3.1. Company Overview 45.3.2. Financial Overview 45.3.3. Geographic Footprint 45.3.4. Product Portfolio 45.3.5. Business Strategy 45.3.6. Recent Developments 45.4. Tenova S.p.A. 45.5. Despatch Industries 45.6. Primetals Technologies Limited 45.7. Aichelin Group 45.8. AFC-Holcroft 45.9. Airtec Thermoprocess GmbH 45.10. AVS, Inc. 45.11. Can-Eng Furnaces International Limited 45.12. Carbolite Gero Ltd. 45.13. ElectroHeat AB 45.14. Inductotherm Corporation 45.15. CERI Phoenix Industrial Furnace 45.16. Despatch Industries 45.17. Grieve Corporation. 45.18. Other Key Players 46. Primary key Insights Created by Yashraj Ghosalkar
