Market Overview:
The global industrial heat treat 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, material handling, and others. In terms of type, the combustion type segment is expected to hold a major share of the global industrial heat treat furnaces market during the forecast period. This can be attributed to its ability to provide high-quality heat treatment results as compared with electric type furnaces.
Product Definition:
Industrial heat treat furnaces are used to apply heat and then cool metal parts in order to change their mechanical or physical properties. The most common application is to make the metal harder, but they can also be used to soften metal, remove stress fractures, or improve other characteristics.
Combustion type:
The combustion type is used in the industrial heat treat furnaces for thermal processing of materials. These furnaces are fueled by burning solid or liquid fuels such as coal, wood, oil or gas. The basic process involved in combustion type of furnace is known as oxidation and carbonization which takes place at high temperature and pressure conditions.
Electric type:
The electric type of heat treat furnaces is used in the industrial heat treat furnace for various applications such as hardening, tempering and annealing. The electric type of heat treat furnaces consists of electrical heating elements instead of conventional fuels such as oil or gas. These electrical heating elements are either induction or resistance based.
Application Insights:
The metallurgy application segment dominated the global industry heat treat furnaces market in 2017. The primary reason behind its dominance is that this process helps in improving the mechanical properties of steel, titanium, and other metals used in manufacturing automobiles and industrial machinery. In addition to this, it also improves the surface finish of these metals which further boosts their demand from metallurgy applications.
Petrochemical industry was another major end-use segment for these equipment as they offer various benefits such as high production rates with low maintenance cost and reduced down time for scheduled repairs or maintenance activities at a client site. These types of furnaces are widely used across petrochemical plants worldwide as they help reduce costs associated with downtime while increasing productivity at an oil refinery facility or a chemical plant site globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is anticipated to grow at a significant rate over the forecast period. This growth can be attributed to increasing demand from various end-use industries, such as metallurgy, petrochemical industry, material handling etc., which are based out of China.
The growing manufacturing sector coupled with rapid urbanization across emerging economies including India and China has resulted in an increased requirement for industrial heat treat furnaces from numerous end-use sectors such as metal processing & shaping, oil & gas industry among others. In addition, favorable government policies promoting domestic manufacturing activities along with low labor costs are some major factors driving regional market growth during the forecast period.
Europe was estimated as one of the largest regional markets owing to high demand from several key countries including Germany; U.K.
Growth Factors:
- Increasing demand for heat treatment in the automotive and aerospace industries
- Growing popularity of vacuum furnaces for high-quality heat treatment processes
- Rising demand from small- and medium-sized enterprises (SMEs)
- Technological advancements that improve furnace performance and efficiency
- Growing awareness about the benefits of industrial heat treatment furnaces among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Heat Treat Furnaces Market Research Report
By Type
Combustion type, Electric type
By Application
Metallurgy, Petrochemical industry, Material handling, Other
By Companies
Andritz, Tenova, Despatch, Primetals Technologies, Aichelin Group, ALD, Inductotherm Corporation, SECO/WARWICK, Ipsen, Nachi-Fujikoshi, Gasbarre Furnace, Cieffe(Accu), Surface Combustion, Mersen, JUMO, Nutec Bickley, CEC, Wisconsin Oven, Sistem Teknik, AVS, PVA TePla, TAV, Shenwu, Phoenix 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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Heat Treat Furnaces Market Report Segments:
The global Industrial Heat Treat Furnaces market is segmented on the basis of:
Types
Combustion type, Electric type
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, Material handling, Other
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
- Despatch
- Primetals Technologies
- Aichelin Group
- ALD
- Inductotherm Corporation
- SECO/WARWICK
- Ipsen
- Nachi-Fujikoshi
- Gasbarre Furnace
- Cieffe(Accu)
- Surface Combustion
- Mersen
- JUMO
- Nutec Bickley
- CEC
- Wisconsin Oven
- Sistem Teknik
- AVS
- PVA TePla
- TAV
- Shenwu
- Phoenix Furnace
Highlights of The Industrial Heat Treat 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 type
- Electric type
- By Application:
- Metallurgy
- Petrochemical industry
- Material handling
- Other
- 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 Treat 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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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 treat furnaces are used to treat metals so they can be used in products that require a high level of strength and durability. The furnace uses a variety of temperatures and pressures to alter the metal's physical properties.
Some of the major players in the industrial heat treat furnaces market are Andritz, Tenova, Despatch, Primetals Technologies, Aichelin Group, ALD, Inductotherm Corporation, SECO/WARWICK, Ipsen, Nachi-Fujikoshi, Gasbarre Furnace, Cieffe(Accu), Surface Combustion, Mersen, JUMO, Nutec Bickley, CEC, Wisconsin Oven, Sistem Teknik, AVS, PVA TePla, TAV, Shenwu, Phoenix Furnace.
The industrial heat treat furnaces market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Heat Treat Furnaces Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Heat Treat Furnaces Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Heat Treat Furnaces Market - Supply Chain
4.5. Global Industrial Heat Treat Furnaces Market Forecast
4.5.1. Industrial Heat Treat Furnaces Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Heat Treat Furnaces Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Heat Treat Furnaces Market Absolute $ Opportunity
5. Global Industrial Heat Treat Furnaces Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Heat Treat Furnaces Market Size and Volume Forecast by Type
5.3.1. Combustion type
5.3.2. Electric type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Heat Treat Furnaces Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Heat Treat Furnaces Market Size and Volume Forecast by Application
6.3.1. Metallurgy
6.3.2. Petrochemical industry
6.3.3. Material handling
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Heat Treat Furnaces Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Heat Treat Furnaces Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Heat Treat Furnaces Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Heat Treat Furnaces Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Heat Treat Furnaces Demand Share Forecast, 2019-2026
9. North America Industrial Heat Treat Furnaces Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Heat Treat Furnaces Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Heat Treat Furnaces Market Size and Volume Forecast by Application
9.4.1. Metallurgy
9.4.2. Petrochemical industry
9.4.3. Material handling
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Heat Treat Furnaces Market Size and Volume Forecast by Type
9.7.1. Combustion type
9.7.2. Electric type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Heat Treat Furnaces Demand Share Forecast, 2019-2026
10. Latin America Industrial Heat Treat Furnaces Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Heat Treat Furnaces Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Heat Treat Furnaces Market Size and Volume Forecast by Application
10.4.1. Metallurgy
10.4.2. Petrochemical industry
10.4.3. Material handling
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Heat Treat Furnaces Market Size and Volume Forecast by Type
10.7.1. Combustion type
10.7.2. Electric type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Heat Treat Furnaces Demand Share Forecast, 2019-2026
11. Europe Industrial Heat Treat Furnaces Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Heat Treat Furnaces Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Heat Treat Furnaces Market Size and Volume Forecast by Application
11.4.1. Metallurgy
11.4.2. Petrochemical industry
11.4.3. Material handling
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Heat Treat Furnaces Market Size and Volume Forecast by Type
11.7.1. Combustion type
11.7.2. Electric type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Heat Treat Furnaces Demand Share, 2019-2026
12. Asia Pacific Industrial Heat Treat Furnaces Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Heat Treat Furnaces Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Heat Treat Furnaces Market Size and Volume Forecast by Application
12.4.1. Metallurgy
12.4.2. Petrochemical industry
12.4.3. Material handling
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Heat Treat Furnaces Market Size and Volume Forecast by Type
12.7.1. Combustion type
12.7.2. Electric type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Heat Treat Furnaces Demand Share, 2019-2026
13. Middle East & Africa Industrial Heat Treat Furnaces Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Heat Treat Furnaces Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Heat Treat Furnaces Market Size and Volume Forecast by Application
13.4.1. Metallurgy
13.4.2. Petrochemical industry
13.4.3. Material handling
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Heat Treat Furnaces Market Size and Volume Forecast by Type
13.7.1. Combustion type
13.7.2. Electric type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Heat Treat Furnaces Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Heat Treat Furnaces Market: Market Share Analysis
14.2. Industrial Heat Treat Furnaces Distributors and Customers
14.3. Industrial Heat Treat Furnaces Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Andritz
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tenova
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Despatch
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Primetals Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aichelin Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ALD
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Inductotherm Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SECO/WARWICK
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ipsen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nachi-Fujikoshi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Gasbarre Furnace
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cieffe(Accu)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Surface Combustion
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Mersen
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. JUMO
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Nutec Bickley
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. CEC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Wisconsin Oven
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sistem Teknik
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. AVS
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
