Market Overview:
The global industrial heat treatment 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 heat treatment in various end-use industries such as metallurgy, petrochemical industry, and others. In terms of type, the single chamber furnace segment is expected to dominate the global industrial heat treatment furnaces market during the forecast period owing to its low cost and easy installation. However, with technological advancements, double chamber and multi chamber furnace segments are projected to witness high growth rates over the forecast period.
Product Definition:
Industrial heat treatment furnaces are used to heat treat metals and alloys. The purpose of the industrial heat treatment furnace is to increase the hardness, strength, and toughness of the metal or alloy being treated.
Single Chamber:
Single chamber is a type of heat exchanger which has one pass-through for gas or liquid. It can be used in various industrial processes such as fluidized bed reactors, pyrolysis, hydroprocessing and others. Single chamber heat exchangers are widely used in petrochemical industries due to their ability to operate at high temperatures and pressures with minimum space requirement.
Double Chamber:
Double chamber is a type of heat treatment furnace used in the iron and steel industry for heating and treating two different products at the same time. The product to be treated first goes into one chamber, while the other remains as a empty shell to absorb heat from it.
The most common example of double chamber is when hot steel is placed in an open-hearth furnace, which allows air into both sides of the oven simultaneously.
Application Insights:
The metallurgy application segment dominated the global industry with a revenue share of over 35.0% in 2017. The rising demand for steel from various end-use industries including construction and automotive is expected to drive the product demand over the forecast period. In addition, increasing investments in infrastructure development across various countries such as China, India and Japan are likely to propel market growth during the forecast period.
Petrochemical industry is anticipated to be one of the fastest growing application segments during the forecast period owing to extensive R&D initiatives undertaken by major petrochemical companies for enhancing their production capacity without compromising on energy efficiency or environmental performance requirements.
Regional Analysis:
Asia Pacific dominated the global industry and accounted for over 45% of the total revenue share in 2016. The region is expected to continue its dominance over the forecast period as well, owing to increasing demand from end-use industries such as metallurgy, petrochemical and others. China is projected to remain a key consumer in this region due to rapid industrialization coupled with large scale investments undertaken by various governments across the globe.
The Middle East & Africa market was valued at USD X million in 2016 and is expected to grow at a significant rate during the forecast period owing to rising oil & gas exploration activities across countries such as Saudi Arabia, UAE and Egypt among others.
Growth Factors:
- Increasing demand for heat treatment in the automotive and aerospace industries
- Growing popularity of induction heating as a heat treatment method
- Rising demand for furnace equipment that can handle large-scale production runs
- Advances in furnace technology that improve energy efficiency and reduce emissions
- Growing use of industrial furnaces in the semiconductor industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Heat Treatment Furnaces Market Research Report
By Type
Single Chamber, Double Chamber, Multi Chamber
By Application
Metallurgy, Petrochemical Industry, Others
By Companies
Andritz, Inductotherm Corporation, ALD Vacuum Technologies, Ipsen, Tenova, Primetals Technologies, Aichelin Group, Despatch, SECO/WARWICK, Nachi-Fujikoshi, PVA TePla, Cieffe(Accu）, Mersen, Gasbarre Furnace, TPS, Surface Combustion, CEC, Sistem Teknik, AVS, TAV, Nutec Bickley, Shenwu, Phoenix Furnace, HeatTek, Keith Company
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Heat Treatment Furnaces Market Report Segments:
The global Industrial Heat Treatment Furnaces market is segmented on the basis of:
Types
Single Chamber, Double Chamber, Multi Chamber
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
Metallurgy, Petrochemical 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
- Inductotherm Corporation
- ALD Vacuum Technologies
- Ipsen
- Tenova
- Primetals Technologies
- Aichelin Group
- Despatch
- SECO/WARWICK
- Nachi-Fujikoshi
- PVA TePla
- Cieffe(Accu）
- Mersen
- Gasbarre Furnace
- TPS
- Surface Combustion
- CEC
- Sistem Teknik
- AVS
- TAV
- Nutec Bickley
- Shenwu
- Phoenix Furnace
- HeatTek
- Keith Company
Highlights of The Industrial Heat Treatment 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:
- Single Chamber
- Double Chamber
- Multi Chamber
- By Application:
- Metallurgy
- Petrochemical 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 Industrial Heat Treatment 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?
Industrial heat treatment furnaces are used to treat metals and other materials to improve their properties. The furnace can be used to remove impurities, change the alloy content, or increase the strength of the material.
Some of the major players in the industrial heat treatment furnaces market are Andritz, Inductotherm Corporation, ALD Vacuum Technologies, Ipsen, Tenova, Primetals Technologies, Aichelin Group, Despatch, SECO/WARWICK, Nachi-Fujikoshi, PVA TePla, Cieffe(Accu）, Mersen, Gasbarre Furnace, TPS, Surface Combustion, CEC, Sistem Teknik, AVS, TAV, Nutec Bickley, Shenwu, Phoenix Furnace, HeatTek, Keith Company.
The industrial heat treatment furnaces market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Heat Treatment 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 Industrial Heat Treatment Furnaces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Heat Treatment 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 Industrial Heat Treatment 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 Industrial Heat Treatment Furnaces Market Size & Forecast, 2018-2028
4.5.1 Industrial Heat Treatment Furnaces Market Size and Y-o-Y Growth
4.5.2 Industrial Heat Treatment Furnaces Market Absolute $ Opportunity
Chapter 5 Global Industrial Heat Treatment Furnaces 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 Industrial Heat Treatment Furnaces Market Size Forecast by Type
5.2.1 Single Chamber
5.2.2 Double Chamber
5.2.3 Multi Chamber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Heat Treatment Furnaces 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 Industrial Heat Treatment Furnaces Market Size Forecast by Applications
6.2.1 Metallurgy
6.2.2 Petrochemical Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Heat Treatment 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 Industrial Heat Treatment 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 Industrial Heat Treatment Furnaces Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Heat Treatment Furnaces 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 Industrial Heat Treatment Furnaces Market Size Forecast by Type
9.6.1 Single Chamber
9.6.2 Double Chamber
9.6.3 Multi Chamber
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 Industrial Heat Treatment Furnaces Market Size Forecast by Applications
9.10.1 Metallurgy
9.10.2 Petrochemical Industry
9.10.3 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 Industrial Heat Treatment Furnaces Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Heat Treatment Furnaces 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 Industrial Heat Treatment Furnaces Market Size Forecast by Type
10.6.1 Single Chamber
10.6.2 Double Chamber
10.6.3 Multi Chamber
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 Industrial Heat Treatment Furnaces Market Size Forecast by Applications
10.10.1 Metallurgy
10.10.2 Petrochemical Industry
10.10.3 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 Industrial Heat Treatment Furnaces Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Heat Treatment Furnaces 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 Industrial Heat Treatment Furnaces Market Size Forecast by Type
11.6.1 Single Chamber
11.6.2 Double Chamber
11.6.3 Multi Chamber
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 Industrial Heat Treatment Furnaces Market Size Forecast by Applications
11.10.1 Metallurgy
11.10.2 Petrochemical Industry
11.10.3 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 Industrial Heat Treatment Furnaces Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Heat Treatment Furnaces 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 Industrial Heat Treatment Furnaces Market Size Forecast by Type
12.6.1 Single Chamber
12.6.2 Double Chamber
12.6.3 Multi Chamber
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 Industrial Heat Treatment Furnaces Market Size Forecast by Applications
12.10.1 Metallurgy
12.10.2 Petrochemical Industry
12.10.3 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) Industrial Heat Treatment Furnaces Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Heat Treatment Furnaces 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) Industrial Heat Treatment Furnaces Market Size Forecast by Type
13.6.1 Single Chamber
13.6.2 Double Chamber
13.6.3 Multi Chamber
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) Industrial Heat Treatment Furnaces Market Size Forecast by Applications
13.10.1 Metallurgy
13.10.2 Petrochemical Industry
13.10.3 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 Industrial Heat Treatment Furnaces Market: Competitive Dashboard
14.2 Global Industrial Heat Treatment Furnaces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Andritz
14.3.2 Inductotherm Corporation
14.3.3 ALD Vacuum Technologies
14.3.4 Ipsen
14.3.5 Tenova
14.3.6 Primetals Technologies
14.3.7 Aichelin Group
14.3.8 Despatch
14.3.9 SECO/WARWICK
14.3.10 Nachi-Fujikoshi
14.3.11 PVA TePla
14.3.12 Cieffe(Accu）
14.3.13 Mersen
14.3.14 Gasbarre Furnace
14.3.15 TPS
14.3.16 Surface Combustion
14.3.17 CEC
14.3.18 Sistem Teknik
14.3.19 AVS
14.3.20 TAV
14.3.21 Nutec Bickley
14.3.22 Shenwu
14.3.23 Phoenix Furnace
14.3.24 HeatTek
14.3.25 Keith Company
