Market Overview:
The global combustion furnaces market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for furnace in various industries such as chemical, food, metallurgical and others. In terms of type, the combustion tube furnaces segment is expected to hold a major share of the global combustion furnaces market during the forecast period. This can be attributed to its high efficiency and low operating cost as compared to other types of furnace available in the market.
Product Definition:
A combustion furnace is a device that heats up an object by burning fuel inside it. The most common type of combustion furnace is the household furnace, which is used to heat up air in a house. Combustion furnaces are important because they are one of the most common ways to heat up objects.
Combustion Tube Furnaces:
The combustion tube furnace (CTF) is a type of gas-fired heating system. It has the advantage of being able to heat large volumes of feedstock at one time, which reduces energy costs and increases efficiency. The basic design consists of a long metal tube through which gases pass; the end wall provides an external firebox that can burn wood, coal, or oil as required.
These furnaces are widely used in industries such as foundry.
Replacement Gas Furnace:
A replacement gas furnace is a heat exchanger which is installed in place of the traditional coal or wood-fired boiler used in a combustion furnace. The heat generated by the boiler passes through the metal tubes of the replacement gas furnace and then spreads over an area larger than its own, thus heating up all parts of the shop.
The major advantage offered by these products is that they are equipped with modern technologies to control.
Application Insights:
The chemical industry dominated the global combustion furnaces market in 2017, accounting for over 35.0% of the overall revenue share. The segment is expected to witness significant growth owing to increasing demand for steel from various industries including construction and automotive. In addition, growing investments by companies such as ArcelorMittal, Nippon Steel and Sumitomo Metal Corporation are anticipated to propel industry expansion over the forecast period.
The food industry accounted for nearly 19.0% of the total revenue share in 2017 owing to rising demand from countries such as India and China along with developed regions like North America and Europe where food is a staple diet for most people working in industrial sectors such as automotive or metal manufacturing requiring large amounts of steel products such as beams, columns etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industries such as steel, cement, chemical, metallurgy and others. Factors such as low raw material cost coupled with cheap labor costs have attracted major players to set up their manufacturing units in this region which is anticipated to drive the demand for combustion furnaces over the forecast period.
The Middle East & Africa market was valued at USD X million in 2017 owing to increasing oil & gas industry activities mainly due to rising petroleum product consumption across several countries including UAE, Saudi Arabia.
North America accounted for a significant share of revenue generated by export markets especially those of U.S.
Growth Factors:
- Increasing demand from the construction sector for heating and cooling purposes
- Growing popularity of combustion furnaces as a cost-effective and energy-efficient heating option
- Rising awareness about the benefits of combustion furnaces among consumers
- Technological advancements in furnace design and manufacturing that improve performance and efficiency
- Government initiatives to promote energy conservation through the use of combustion furnaces
Scope Of The Report
Report Attributes
Report Details
Report Title
Combustion Furnaces Market Research Report
By Type
Combustion Tube Furnaces, Replacement Gas Furnace
By Application
Chemical Industry, Food Industry, Metallurgical Industry, Others
By Companies
Andritz, Tenova, Primetals Technologies, Aichelin Group, Inductotherm Corporation, ALD, Ipsen, Despatch, SECO/WARWICK, Nachi-Fujikoshi, Andritz, Cieffe(Accu), Mersen, Gasbarre Furnace
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Combustion Furnaces Market Report Segments:
The global Combustion Furnaces market is segmented on the basis of:
Types
Combustion Tube Furnaces, Replacement Gas Furnace
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Food Industry, Metallurgical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Andritz
- Tenova
- Primetals Technologies
- Aichelin Group
- Inductotherm Corporation
- ALD
- Ipsen
- Despatch
- SECO/WARWICK
- Nachi-Fujikoshi
- Andritz
- Cieffe(Accu)
- Mersen
- Gasbarre Furnace
Highlights of The Combustion Furnaces Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Combustion Tube Furnaces
- Replacement Gas Furnace
- By Application:
- Chemical Industry
- Food Industry
- Metallurgical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Combustion Furnaces Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A combustion furnace is a type of industrial furnace used to produce metal products from raw materials. The most common use for a combustion furnace is the production of steel.
Some of the key players operating in the combustion furnaces market are Andritz, Tenova, Primetals Technologies, Aichelin Group, Inductotherm Corporation, ALD, Ipsen, Despatch, SECO/WARWICK, Nachi-Fujikoshi, Andritz, Cieffe(Accu), Mersen, Gasbarre Furnace.
The combustion furnaces market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Combustion Furnaces Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Combustion Furnaces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Combustion Furnaces Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Combustion Furnaces Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Combustion Furnaces Market Size & Forecast, 2020-2028
4.5.1 Combustion Furnaces Market Size and Y-o-Y Growth
4.5.2 Combustion Furnaces Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Combustion Tube Furnaces
5.2.2 Replacement Gas Furnace
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Food Industry
6.2.3 Metallurgical Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Combustion Furnaces Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Combustion Furnaces Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Combustion Tube Furnaces
9.6.2 Replacement Gas Furnace
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Food Industry
9.10.3 Metallurgical Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Combustion Tube Furnaces
10.6.2 Replacement Gas Furnace
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Food Industry
10.10.3 Metallurgical Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Combustion Tube Furnaces
11.6.2 Replacement Gas Furnace
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Food Industry
11.10.3 Metallurgical Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Combustion Tube Furnaces
12.6.2 Replacement Gas Furnace
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Food Industry
12.10.3 Metallurgical Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Combustion Tube Furnaces
13.6.2 Replacement Gas Furnace
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Food Industry
13.10.3 Metallurgical Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Combustion Furnaces Market: Competitive Dashboard
14.2 Global Combustion Furnaces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Andritz
14.3.2 Tenova
14.3.3 Primetals Technologies
14.3.4 Aichelin Group
14.3.5 Inductotherm Corporation
14.3.6 ALD
14.3.7 Ipsen
14.3.8 Despatch
14.3.9 SECO/WARWICK
14.3.10 Nachi-Fujikoshi
14.3.11 Andritz
14.3.12 Cieffe(Accu)
14.3.13 Mersen
14.3.14 Gasbarre Furnace
