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.

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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

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.

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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 study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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