Market Overview:
The global welding furnace market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the welding furnace market can be attributed to the increasing demand for steel and other metals in various end-use industries, such as automotive, construction, and electronics. In addition, the growing demand for solar energy is also contributing to the growth of the welding furnace market. Based on type, the global welding furnace market can be segmented into cemented carbide domain, powder metallurgy domain, and solar energy domain. The cemented carbide domain segment is expected to account for a major share of the global welding furnace market during the forecast period owing to its high thermal conductivity and wear resistance properties.
Product Definition:
A welding furnace is a furnace used for heating metals to their plastic state and then welding them together. The importance of a welding furnace is that it allows for the joining of two or more pieces of metal.
Cemented Carbide Domain:
Cemented carbide is a material that has carbon and steel in solid form combined with some other substance to make it porous. The main function of this product is to provide resistance against heat during welding operations. It also helps in providing high strength and durability to the weldment at low cost, which makes it suitable for industrial usage.
Powder Metallurgy Domain:
Powder metallurgy domain is a technique of manufacturing metals with high melting point and specific properties. It involves processing of metal feedstock in the presence of high-pressure gas or liquid, which helps in increasing the flow characteristics and homogenizing the material. The process also helps to obtain fine particle size distribution as well as improves upon mechanical properties such as hardness, ductility, malleability & corrosion resistance along with electrical conductivity.
Application Insights:
The steel application segment accounted for the largest share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for steel products from construction, automotive and infrastructure sectors. In addition, rising demand for carbonated steel from China and India is expected to drive the segment further.
Electronics was another prominent application that accounted for a share of 8% in 2017 owing to increasing use of electronic devices across all economies globally. The rise in population coupled with rapid urbanization has resulted in increased consumption of energy resources such as coal, oil & gas and electricity which are primarily generated through fossil fuels such as coal, crude oil & gas among others thus leading towards sustainable development goals worldwide thereby fueling product demand globally over the forecast period.
Regional Analysis:
Asia Pacific accounted for the largest share in 2016 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. Increasing demand for steel from various end-use industries in these countries coupled with growing investments in infrastructure development will drive market growth over the forecast period.
Europe was estimated as second-largest regional segment after Asia Pacific by revenue generation capacity of welded plate using gas metal arc welding (GMAW) Welded plate usage capacity of electric furnaces per million units sold across Europe was valued at USD X thousand between 2014.
The Middle East & Africa held a significant share owing to increasing oil & gas activities across countries such as Saudi Arabia, UAE, Iran etc.
Growth Factors:
- Increasing demand for welding in the automotive and aerospace industries
- Growing popularity of laser welding
- Rising investments in research and development for advanced welding technologies
- Emergence of new applications for welding furnace
- Increasing demand from developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Welding Furnace Market Research Report
By Type
Cemented Carbide Domain, Powder Metallurgy Domain, Solar Energy Domain
By Application
Steel, Metallurgy, Electronics, Solar, Others
By Companies
Abbott Furnace, CM Furnaces Inc, Zirkonzahn, Ivoclar Vivadent, Sinterite, Williamson Corporation, Carbolite Gero, Materials Research Furnaces, Nabertherm, Abbott 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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Welding Furnace Market Report Segments:
The global Welding Furnace market is segmented on the basis of:
Types
Cemented Carbide Domain, Powder Metallurgy Domain, Solar Energy Domain
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
Steel, Metallurgy, Electronics, Solar, 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:
- Abbott Furnace
- CM Furnaces Inc
- Zirkonzahn
- Ivoclar Vivadent
- Sinterite
- Williamson Corporation
- Carbolite Gero
- Materials Research Furnaces
- Nabertherm
- Abbott Furnace
Highlights of The Welding Furnace 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:
- Cemented Carbide Domain
- Powder Metallurgy Domain
- Solar Energy Domain
- By Application:
- Steel
- Metallurgy
- Electronics
- Solar
- 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 Welding Furnace 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
- Identifying Appropriate Advertising Appeals
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 welding furnace is a type of industrial furnace used for the welding of metals.
Some of the major companies in the welding furnace market are Abbott Furnace, CM Furnaces Inc, Zirkonzahn, Ivoclar Vivadent, Sinterite, Williamson Corporation, Carbolite Gero, Materials Research Furnaces, Nabertherm, Abbott Furnace.
The welding furnace 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 Welding Furnace 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 Welding Furnace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Welding Furnace 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 Welding Furnace 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 Welding Furnace Market Size & Forecast, 2020-2028
4.5.1 Welding Furnace Market Size and Y-o-Y Growth
4.5.2 Welding Furnace 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 Cemented Carbide Domain
5.2.2 Powder Metallurgy Domain
5.2.3 Solar Energy Domain
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 Steel
6.2.2 Metallurgy
6.2.3 Electronics
6.2.4 Solar
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Welding Furnace 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 Welding Furnace 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 Cemented Carbide Domain
9.6.2 Powder Metallurgy Domain
9.6.3 Solar Energy Domain
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 Steel
9.10.2 Metallurgy
9.10.3 Electronics
9.10.4 Solar
9.10.5 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 Cemented Carbide Domain
10.6.2 Powder Metallurgy Domain
10.6.3 Solar Energy Domain
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 Steel
10.10.2 Metallurgy
10.10.3 Electronics
10.10.4 Solar
10.10.5 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 Cemented Carbide Domain
11.6.2 Powder Metallurgy Domain
11.6.3 Solar Energy Domain
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 Steel
11.10.2 Metallurgy
11.10.3 Electronics
11.10.4 Solar
11.10.5 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 Cemented Carbide Domain
12.6.2 Powder Metallurgy Domain
12.6.3 Solar Energy Domain
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 Steel
12.10.2 Metallurgy
12.10.3 Electronics
12.10.4 Solar
12.10.5 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 Cemented Carbide Domain
13.6.2 Powder Metallurgy Domain
13.6.3 Solar Energy Domain
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 Steel
13.10.2 Metallurgy
13.10.3 Electronics
13.10.4 Solar
13.10.5 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 Welding Furnace Market: Competitive Dashboard
14.2 Global Welding Furnace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Furnace
14.3.2 CM Furnaces Inc
14.3.3 Zirkonzahn
14.3.4 Ivoclar Vivadent
14.3.5 Sinterite
14.3.6 Williamson Corporation
14.3.7 Carbolite Gero
14.3.8 Materials Research Furnaces
14.3.9 Nabertherm
14.3.10 Abbott Furnace
