Global Industrial Furnace Market to Reach $23.1 Billion by 2030
The global market for Industrial Furnace estimated at US$12.7 Billion in the year 2022, is projected to reach a revised size of US$23.1 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2022-2030. Gas / Fuel Operated, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$15 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electrically Operated segment is readjusted to a revised 7.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 12.3% CAGR
The Industrial Furnace market in the U.S. is estimated at US$3.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.Select Competitors (Total 57 Featured) -
- Abbott Furnace Company
- Acim Jouanin SA
- AET Technologies
- AFC-Holcroft
- Aichelin Ges.m.b.H.
- Airflow World Group Ltd.
- Airtec Thermoprocess GmbH
- Ajax Tocco Magnethermic Corporation
- ALD Vacuum Technologies GmbH
- ALMOR Group
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abbott Furnace Company
- Acim Jouanin SA
- AET Technologies
- AFC-Holcroft
- Aichelin Ges.m.b.H.
- Airflow World Group Ltd.
- Airtec Thermoprocess GmbH
- Ajax Tocco Magnethermic Corporation
- ALD Vacuum Technologies GmbH
- ALMOR Group
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 103 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 12.7 Billion |
Forecasted Market Value ( USD | $ 23.1 Billion |
Compound Annual Growth Rate | 7.8% |
Regions Covered | Global |