Global Heat Treatment Furnace Market: Introduction

Heat treatment furnaces are the heating chambers (refractory vessel) that hold the heat and steel stock. These vessels are heated with the help of fuel (coal, gas, or electricity). The industries determine the design of the furnace based on the stock of steel that is to be treated, and type of treatment that has to be carried out.

Global Heat Treatment Furnace Market: Competitive Landscape

Andritz AG

Andritz AG is an Austria based company that develops industrial process and production system solutions for a range of specialized and standard products. The company’s operating business segments include hydro, pulp & paper, metals, separation, and feed & biofuel. The heat treatment furnace provided by the company is part of its metals business segment. The company operates globally through its subsidiaries.

Tenova S.p.A.

Tenova S.p.A. is an Italian company that designs and distributes a broad array of melt-shop equipment comprising of koster Lances, electric arc furnaces, and consteel continuous scrap feeding and pre-heating systems. The company was established in 1997 and operates worldwide with a wide brand portfolio. Tenova Pyromet, Tenova Nova, Tenova I2S, Tenova HYL, Tenova Italimpianti, and Tenova LOI Thermprocess are some of its prominent brands.

To Get Glimpse of what our Report offers, Ask for a Report Brochure 

Primetals Technologies

Primetals Technologies is a joint venture of Mitsubishi Heavy Industries and Siemens that was formed in January 2015. The company deals in steelmaking, ironmaking, continuous casting, hot rolling, cold rolling, non-ferocious rolling, processing, and mini mills. 


AICHELIN Holding operates as a division of Berndorf AG, and engages in offering heat treatment solutions. The companies operating under AICHELIN are divided into four segments: industrial furnace solution, induction solution, combustion solution, and global services. Industrial furnace solutions are offered through its six brands, which includes AICHELIN GES.M.B.H., AICHELIN Heat Treatment Systems (Beijing) Co. Ltd., AFC HOLCROFT, BOSIO D.O.O. I Industrial Furnace Solutions, SAFED, and Aichelin Unitherm Heat Treatment Systems India Private Limited.

Other major players operating in the global heat treatment furnace market include Inductotherm Corporation, ALD, Ipsen, Despatch, SECO/WARWICK, Nachi-Fujikoshi, PVA TePla, Cieffe(Accu), and Mersen .

Global Heat Treatment Furnace Market: Dynamics

Rise in demand for heat treatment services

A significant rise in demand for heat treatment services and equipment is majorly influenced by exponentially growing manufacturing industries, resulting in increased demand for iron making, and steel making facilities. The growth of heat treatment solutions and services is set to expand at a higher pace than other economic activities across the globe.  

Intensifying market competition

The noteworthy pace in demand for heat treatment services and equipment is expected to increase the count of furnace manufacturers, particularly in Asia, subsequently resulting in intensified competition amongst heat treatment furnace manufacturers. This rise in competition is further expected to challenge the manufacturers to lower the cost of production without impacting quality.

To Get a Bird’s Eye View of Market Forecast, Ask for a Custom Report

Global Heat Treatment Furnace Market: Segmentation

The global heat treatment furnace market can be segmented based on:

  • Furnace Type
  • Fuel Type
  • Technology
  • Industry
  • Region

Global Heat Treatment Furnace Market Segmentation – by Furnace Type

Based on furnace type, the global heat treatment furnace market can be segmented into:

  • Batch Furnace
    • Box-Type Batch Furnace
    • Bogie-Hearth Furnace
    • Bell Furnaces
    • Salt Bath Furnaces
    • Others (Pit Furnace, Muffle Furnace, etc.)
  • Continuous Furnace

Heat Treatment Furnace Market Segmentation – by Fuel Type

In terms of fuel type, the global heat treatment furnace market can be bifurcated into:

  • Solid Fuels
  • Liquid Fuels
  • Gaseous Fuels
  • Electricity

Heat Treatment Furnace Market Segmentation – by Technology

In terms of technology, the global heat treatment furnace market can be divided into:

  • Atmosphere
  • Vacuum

Heat Treatment Furnace Market Segmentation – by Industry

In terms of industry, the global heat treatment furnace market can be divided into:

  • Metallurgy
  • Transportation

This upcoming business intelligence report is intended to be a one-stop market research solution to guide organizations in taking timely and effective decisions for their business growth. The ongoing study is the culmination of our deep expertise on data science methods, combined with an unparalleled understanding of the external environment and analysis of the industries. Each of the reports by TMR aims at offering a detailed scrutiny of the value chain of our current and prospective customers, takes them from identifying value propositions, and subsequently assist their business executives to implement right strategies to create customer value. We believe that creating and sustaining the customer value is the key pivot on which business executives can create profits for their organizations and increase the market shares, continuously and with sustainability.

Each of our touchpoints through which we engage with the organization/enterprise during the primary research enables us to understand the internal environment it operates in and the ways in which the external environment influences its growth.

Always Evolving with Competition

Excellence is built into the DNA of TMR, and all our teams work collaboratively and committedly toward achieving that in whatever they do. From the very first interaction our teams of research analysts have with any interested market participant to the final preparation processes in each of our reports reflects a rigorous understanding of the dynamic industry environment that businesses operate in.

We relentlessly work to be a differentiator in whatever we do in the current era of hypercompetitive global environment. The result of our unceasing focus on excellence is reflected clearly in the insights and guidance we offer to our customers in order to empower them to create brand equity. Our simple yet very powerful underpinning for navigating the competition is to always keep evolving with changing business environments. Our close-kinit team of research analysts not only believe in this simple philosophy but also implement the same.

Constantly Innovating Our Research Methodologies and Models

We do not limit with any specific market research tool or one standard approach for obtaining or analyzing data. Undoubtedly, our report making process is ever-evolving to meet the customer needs and demands supported broadly by a vast knowledge of data science methods that we combine with business acumen our teams have built upon for several years. Evidently, our primary and secondary research data about customers and consumers have shown that we can go to any lengths to obtain them. This is followed by applying next-gen automation tools integrated with human judgement to clear the clutter, ascertain the most relevant and recent qualitative and quantitative insights, and package them in digestible chunks in our reports for our customers.

We Take Pride in No-One-Size-Fits-All Approach

Over the past several years, we have been conducting market intelligence studies across all industries for all types of organizations — big and small, profit and not-for-profit, and Fortune 500 and Unicorns, as we believe that a sound decision making must be based on no-one-size-fits-all approach. Without doubt, each of the organizations regardless of the industry they are in are affected differently by changes in political, economic, socio-culture, legal, ecological, and legal environments. The research models and the value chain analysis process that our analysts employ for conducting the study uphold this approach.

We look at myriad components of internal and external business environment affecting the growth strategies of organizations. Some of the broader aspects that we focus on are:

  • Our team of Analysts and Support Teams always strive to see the bigger picture in life cycle stages of any industry
  • The Teams focus on obtaining valuable insights into different models of competitive advantage while making an internal environment analysis
  • They keep on modifying the value chain analysis processes of organizations to understand on how customer value is created

Some areas of assessing market dynamics that are used in the research models and methodologies adopted by our analysts can be summarized as:

  • Corporate and business strategies underlying new brand positioning strategies
  • Mapping for strategic planning for business units
  • Various metrics for business portfolio analysis, including BCG matrix
  • Value chain analysis

These will help create and sustain competitive advantage for our prospects and current customers.

Key focus areas and agenda that underpin and catalyze our primary and secondary research initiatives and endeavors are:

  • What are some of the core competencies and distinctive competencies of new entrants and established players in the industry we are analyzing?
  • What are some of the branding opportunities that are emerging at a rapid pace?
  • What are the major competitive forces and elements of external environment shaping the industry life cycle stages of most organizations?
  • Why some competitive strategies are popular than others among leaders in a certain market?
  • What customer-based brand equity strategies companies have leveraged in a certain industry or set of related industries in a sector?
  • What are some of the key pricing strategies that companies in an industry are implementing for marketing their products internationally?
  • Identifying whether market-push or market-pull strategies are more relevant to a certain product or a service?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Heat Treatment Furnace Market