Market Overview:
The Global Shaker Hearth Furnaces Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for shaker hearth furnaces in the aerospace, automotive, and machine building industries. Additionally, the growing demand for energy-efficient and environment-friendly heating solutions is also propelling the growth of this market. The electrically heated furnaces segment accounted for a major share of the global shaker hearth furnaces market in 2017 and is projected to maintain its dominance during the forecast period. This segment is expected to be driven by increasing demand from end-use industries such as aerospace and automotive due to their high performance requirements.
Product Definition:
Shaker hearth furnaces are a specific type of furnace used in the manufacturing of steel. They are named for the Shakers, a religious sect who developed and popularized the use of this type of furnace. The Shaker hearth furnace is characteristically simple in design, consisting of a single chamber with an opening at one end for loading and unloading materials and an opening at the other end for removing products. This design allows heat to be evenly distributed throughout the chamber, resulting in more efficient heating and lower production costs.
Electrically Heated Furnaces:
Electrically heated furnaces are used in the production of ceramic tiles, stoves, and other metal products. The process involves passing an electric current through water or a heat-generating medium to generate heat which is then used to fire the materials.
The major factor responsible for market growth is its ability to provide higher productivity with less labor involvement.
Gas Fired Furnaces:
Gas fired furnaces are used in shaker-hearth furnace. Shaker-hearth is a type of cast iron heating system that uses gas or charcoal for fuel and has no mechanical parts to move the heat from one place to another. It's an old technology still used in some modern furnaces, but mostly only as a novelty.
Application Insights:
The automotive application segment accounted for the largest share of over 30.0% in 2017. The growing demand for automobiles is expected to be a key factor driving product demand in this segment over the forecast period. Automotive shaker heaters are used to heat and cool automobile interiors by providing an even temperature throughout the vehicle, thus ensuring efficient energy consumption and production.
Automotive applications include passenger cars, light commercial vehicles (LCVs), buses, coaches and trucks among others. Demand from machine building applications is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing industrialization levels across developing countries such as China India Japan Brazil etcetera which are likely provide avenues for growth in near future.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing demand for technologically advanced products coupled with stringent government regulations regarding environmental pollution. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to rapid industrialization and rising disposable income levels, especially in China and India. Moreover, supportive government policies are anticipated to boost industry growth over the coming years. For instance, In India, Shaker EHFs are being installed at a faster pace as compared other types of heaters since they require lesser maintenance and consume less energy as comparedto electrically heated furnaces that need electricity connection at regular intervals throughout their operational life cycle which can last up till seven years or more while shaker hearth furnaces do not have such a limitation on their lifespan thus making them suitable for applications where space constraints exist or when temporary storage space requirement exists such as construction sites or warehouses etc.
Growth Factors:
- Increasing demand for energy-efficient heating systems in residential and commercial buildings
- Rising popularity of fireplace inserts and stoves that use Shaker hearth furnaces as a source of heat
- Growing awareness about the health benefits of using wood-burning appliances for heating purposes
- Innovative designs and features of Shaker hearth furnaces that appeal to consumers
- Increased availability of rebate programs offered by government agencies and utilities companies
Scope Of The Report
Report Attributes
Report Details
Report Title
Shaker Hearth Furnaces Market Research Report
By Type
Electrically Heated Furnaces, Gas Fired Furnaces
By Application
Aerospace, Automotive, Machine Building, Others
By Companies
Lindberg/MPH, Surface Combustion, Keith Company, ESCO FURNACES, Vibrant Thermal, Deep Furnaces, Indotherm Equipment, Opera kiln, Xi’an Xinda Electric 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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Shaker Hearth Furnaces Market Report Segments:
The global Shaker Hearth Furnaces market is segmented on the basis of:
Types
Electrically Heated Furnaces, Gas Fired Furnaces
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
Aerospace, Automotive, Machine Building, 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:
- Lindberg/MPH
- Surface Combustion
- Keith Company
- ESCO FURNACES
- Vibrant Thermal
- Deep Furnaces
- Indotherm Equipment
- Opera kiln
- Xi’an Xinda Electric Furnace
Highlights of The Shaker Hearth 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:
- Electrically Heated Furnaces
- Gas Fired Furnaces
- By Application:
- Aerospace
- Automotive
- Machine Building
- 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 Shaker Hearth 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand 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?
Shaker Hearth Furnaces are a type of wood-fired stove that was designed by the Shakers in the early 1800s. These stoves use an open flame to cook food and produce heat, which is then radiated into the room. They are typically small and compact, making them perfect for smaller spaces.
Some of the major companies in the shaker hearth furnaces market are Lindberg/MPH, Surface Combustion, Keith Company, ESCO FURNACES, Vibrant Thermal, Deep Furnaces, Indotherm Equipment, Opera kiln, Xi’an Xinda Electric Furnace.
The shaker hearth 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 Shaker Hearth 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 Shaker Hearth Furnaces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shaker Hearth 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 Shaker Hearth 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 Shaker Hearth Furnaces Market Size & Forecast, 2020-2028
4.5.1 Shaker Hearth Furnaces Market Size and Y-o-Y Growth
4.5.2 Shaker Hearth 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 Electrically Heated Furnaces
5.2.2 Gas Fired Furnaces
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 Aerospace
6.2.2 Automotive
6.2.3 Machine Building
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shaker Hearth 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 Shaker Hearth 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 Electrically Heated Furnaces
9.6.2 Gas Fired Furnaces
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 Aerospace
9.10.2 Automotive
9.10.3 Machine Building
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 Electrically Heated Furnaces
10.6.2 Gas Fired Furnaces
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 Aerospace
10.10.2 Automotive
10.10.3 Machine Building
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 Electrically Heated Furnaces
11.6.2 Gas Fired Furnaces
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 Aerospace
11.10.2 Automotive
11.10.3 Machine Building
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 Electrically Heated Furnaces
12.6.2 Gas Fired Furnaces
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 Aerospace
12.10.2 Automotive
12.10.3 Machine Building
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 Electrically Heated Furnaces
13.6.2 Gas Fired Furnaces
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 Aerospace
13.10.2 Automotive
13.10.3 Machine Building
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 Shaker Hearth Furnaces Market: Competitive Dashboard
14.2 Global Shaker Hearth Furnaces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lindberg/MPH
14.3.2 Surface Combustion
14.3.3 Keith Company
14.3.4 ESCO FURNACES
14.3.5 Vibrant Thermal
14.3.6 Deep Furnaces
14.3.7 Indotherm Equipment
14.3.8 Opera kiln
14.3.9 Xi’an Xinda Electric Furnace
