Industrial Furnace Market

Industrial Furnace Market (Type: Gas/Burner Operated and Electrically Operated; and Temperature: Below 800°C, 800°C - 1000°C, 1000°C - 1200°C, and Above 1200°C) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Industrial Furnace Market Outlook 2031

  • The global industry was valued at US$ 10.7 Bn in 2022
  • It is estimated to grow at a CAGR of 4.8% from 2023 to 2031 and reach US$ 18.4 Bn by the end of 2031

Analysts’ Viewpoint on Market Scenario

Expansion in the steel sector and rise in investment in infrastructure development are expected to propel the industrial furnace market size in the near future. Rise in adoption of various strategies to reduce pollutant emissions and boost productivity and furnace energy conservation is also boosting market expansion.

Short lifespan of gas furnaces and risk of fires and explosions are likely to hinder the industrial furnace market growth in the next few years. Vendors in the global industrial furnace industry are employing various technologies, such as IoT, to facilitate automation and boost furnace efficiency.

Industrial Furnace Market

Market Introduction

Furnace is an industrial heating equipment that provides direct electric or gas heat for industrial processes that require temperatures of more than 400 ⁰C. Heat treatment of metals for annealing, tempering, carburizing, or pre-treatment of metals for forging is done in an industrial furnace.

Several industrial processes require heating for the preparation of materials for the production or the consummation of an application. Electric and gas industrial furnaces provide the necessary temperature control and dependability to finish a manufacturing process or operation. While an industrial furnace is typically used to treat metal, other materials such as glass and certain kinds of ceramics are also heated to prepare them for shaping.

Expansion in Steel Sector Fueling Industrial Furnace Market Development

Metallurgical companies rely on industrial furnaces to purify, heat treat, and treat different types of metals at extremely high temperatures. Expansion in the steel sector is propelling the industrial furnace market value.

According to the American Iron and Steel Institute, the year-to-date production of steel was 37,246,000 net tons, with a capability utilization rate of 75.5% in June 2023. After China, the European Union is the world's second-largest producer of steel. It produces 170 million tons of crude steel annually, which generates € 166 Bn in annual revenue and contributes 1.3% of the EU's GDP.

The steel sector of India has been driven by the domestic availability of raw materials such as iron and cost-effective labor. According to the Ministry of Steel, the production of crude steel and finished steel in India stood at 133.596 MT and 120.01 MT in FY 2022. In April 2023, the World Steel Association predicted that 1.814 billion tons of steel would be consumed worldwide, with China accounting for approximately half that number.

Rise in Investment in Infrastructure Development

In 2021, the U.S. government announced to invest US$ 1.25 Trn across transportation, energy, water assets, and broadband sectors for the next five to 10 years. In 2022, the Connecting Europe Facility (CEF) selected 135 transport infrastructure projects for EU grants with an investment of € 5.4 Bn in environment-friendly, safe, and effective transportation infrastructure. Thus, surge in investment in infrastructure development is augmenting the industrial furnace market progress.

Rise in Adoption of Electric Industrial Furnaces

According to the latest industrial furnace market trends, the electrically operated type segment is expected to dominate the industry during the forecast period. Electric furnaces produce about two-fifths of the steel made in the U.S.

Most steel products are manufactured using electric furnaces. Mini-mills, which are small plants that use scrap charges to produce reinforcing bars, merchant bars (such as angles and channels), and structural sections, use electric furnaces exclusively.

Regional Outlook

According to the latest industrial furnace market forecast, Asia Pacific is projected to hold largest share from 2023 to 2031. Growth in the steel sector and rise in investment in infrastructure development are boosting market dynamics in the region.

The industry in North America is anticipated to grow at a significant pace in the near future. Surge in usage of steel and increase in government investment in infrastructure development are driving market statistics in the region.

Analysis of Key Players

The global industry is highly fragmented, with the presence of various global and regional players including Abbott Furnace Company, Andritz, Carbolite Gero Ltd., Epcon Industrial System, Inductotherm Corporation, International Thermal System, Ipsen, Primetals Technologies, SECO/WARWICK, and Tenova.

Key players in the industrial furnace market report have been profiled based on various parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. Manufacturers are investing in R&D and product expansions to increase their industrial furnace market share.

Key Developments

  • In September 2021, Primetals Technologies and Thyssenkrupp signed an exclusive, worldwide cooperation agreement to launch the Sequence Impulse Process (SIP) technology developed by Thyssenkrupp AT.PRO tec, a company of Thyssenkrupp Materials Services
  • In July 2021, Carbolite Gero launched new tube furnaces that deliver unrivaled performance with rapid warming and cooling along with remarkable temperature consistency

Industrial Furnace Market Snapshot

Attribute Detail

Market Value in 2022

US$ 10.7 Bn

Market Forecast Value in 2031

US$ 18.4 Bn

Growth Rate (CAGR)

4.8%

Forecast Period

2023-2031

Historical Data Available for

2017-2021

Quantitative Units

US$ Bn for Value and Thousand Units for Volume

Market Analysis

Includes cross segment analysis at regional as well as country level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Type
    • Gas / Burner Operated
    • Electrically Operated
  • Temperature
    • Below 800°C
    • 800°C - 1000°C
    • 1000°C - 1200°C
    • Above 1200°C
  • End-use Industry
    • Metal & Mining
    • Oil & Gas
    • Automotive Manufacturing
    • Metallurgy
    • Others (Chemical, Ceramic, etc.)
  • Distribution Channel
    • Direct Sales
    • Indirect Sales

Region Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Japan
  • China
  • India
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • Abbott Furnace Company
  • Andritz
  • Carbolite Gero Ltd.
  • Epcon Industrial System
  • Inductotherm Corporation
  • International Thermal System
  • Ipsen
  • Primetals Technologies
  • SECO/WARWICK
  • Tenova
  • Other Key Players

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global industrial furnace market in 2022?

The global market was valued at US$ 10.7 Bn in 2022

What will be the CAGR of the global industrial furnace business during the forecast period?

It is expected to be 4.8% from 2023 to 2031

What are the key factors driving the demand for industrial furnaces?

Expansion in steel sector and rise in investment in infrastructure development

Which industrial furnace segment held largest share?

The electrically operated type segment held largest share in 2022

Which region is likely to record the highest demand for industrial furnaces?

Asia Pacific is expected to record the highest demand during the forecast period

Who are the prominent industrial furnace manufacturers?

Abbott Furnace Company, Andritz, Carbolite Gero Ltd., Epcon Industrial System, Inductotherm Corporation, International Thermal System, Ipsen, Primetals Technologies, SECO/WARWICK, and Tenova

    1. Preface

        1.1. Market Definitions and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Introduction

        5.2. Market Dynamics

            5.2.1. Drivers

            5.2.2. Restraints

            5.2.3. Opportunities

        5.3. Key Trends Analysis

            5.3.1. Supply Side

            5.3.2. Demand Side

        5.4. Key Market Indicators

        5.5. Porter’s Five Forces Analysis

        5.6. Industry SWOT Analysis

        5.7. Raw Material Analysis

        5.8. Technological Overview Analysis

        5.9. Global Industrial Furnace Market Analysis and Forecast, 2017 - 2031

            5.9.1. Market Value Projection (US$ Bn)

            5.9.2. Market Volume Projection (Thousand Units)

    6. Global Industrial Furnace Market Analysis and Forecast, by Type

        6.1. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031

            6.1.1. Gas/Burner Operated

            6.1.2. Electrically Operated

        6.2. Incremental Opportunity, by Type

    7. Global Industrial Furnace Market Analysis and Forecast, by Temperature

        7.1. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031

            7.1.1. Below 800°C

            7.1.2. 800°C - 1000°C

            7.1.3. 1000°C - 1200°C

            7.1.4. Above 1200°C

        7.2. Incremental Opportunity, by Temperature

    8. Global Industrial Furnace Market Analysis and Forecast, by End-use Industry

        8.1. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031

            8.1.1. Metal & Mining

            8.1.2. Oil & Gas

            8.1.3. Automotive Manufacturing

            8.1.4. Metallurgy

            8.1.5. Others (Chemical, Ceramic, etc.)

        8.2. Incremental Opportunity, by End-use Industry

    9. Global Industrial Furnace Market Analysis and Forecast, by Distribution Channel

        9.1. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031

            9.1.1. Direct Sales

            9.1.2. Indirect Sales

        9.2. Incremental Opportunity, by Distribution Channel

    10. Global Industrial Furnace Market Analysis and Forecast, by Region

        10.1. Industrial Furnace Market (US$ Bn and Thousand Units), by Region, 2017 - 2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. South America

        10.2. Incremental Opportunity, by Region

    11. North America Industrial Furnace Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Key Trend Analysis

        11.3. Price Trend Analysis

            11.3.1. Weighted Average Selling Price (US$)

        11.4. Brand Analysis

        11.5. Consumer Buying Behavior Analysis

        11.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031

            11.6.1. Gas/Burner Operated

            11.6.2. Electrically Operated

        11.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031

            11.7.1. Below 800°C

            11.7.2. 800°C - 1000°C

            11.7.3. 1000°C - 1200°C

            11.7.4. Above 1200°C

        11.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031

            11.8.1. Metal & Mining

            11.8.2. Oil & Gas

            11.8.3. Automotive Manufacturing

            11.8.4. Metallurgy

            11.8.5. Others (Chemical, Ceramic, etc.)

        11.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031

            11.9.1. Direct Sales

            11.9.2. Indirect Sales

        11.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            11.10.1. U.S.

            11.10.2. Canada

            11.10.3. Rest of North America

        11.11. Incremental Opportunity Analysis

    12. Europe Industrial Furnace Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Key Trend Analysis

        12.3. Price Trend Analysis

            12.3.1. Weighted Average Selling Price (US$)

        12.4. Brand Analysis

        12.5. Consumer Buying Behavior Analysis

        12.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031

            12.6.1. Gas/Burner Operated

            12.6.2. Electrically Operated

        12.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031

            12.7.1. Below 800°C

            12.7.2. 800°C - 1000°C

            12.7.3. 1000°C - 1200°C

            12.7.4. Above 1200°C

        12.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031

            12.8.1. Metal & Mining

            12.8.2. Oil & Gas

            12.8.3. Automotive Manufacturing

            12.8.4. Metallurgy

            12.8.5. Others (Chemical, Ceramic, etc.)

        12.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031

            12.9.1. Direct Sales

            12.9.2. Indirect Sales

        12.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            12.10.1. U.K.

            12.10.2. Germany

            12.10.3. France

            12.10.4. Rest of Europe

        12.11. Incremental Opportunity Analysis

    13. Asia Pacific Industrial Furnace Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Key Trend Analysis

        13.3. Price Trend Analysis

            13.3.1. Weighted Average Selling Price (US$)

        13.4. Brand Analysis

        13.5. Consumer Buying Behavior Analysis

        13.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031

            13.6.1. Gas/Burner Operated

            13.6.2. Electrically Operated

        13.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031

            13.7.1. Below 800°C

            13.7.2. 800°C - 1000°C

            13.7.3. 1000°C - 1200°C

            13.7.4. Above 1200°C

        13.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031

            13.8.1. Metal & Mining

            13.8.2. Oil & Gas

            13.8.3. Automotive Manufacturing

            13.8.4. Metallurgy

            13.8.5. Others (Chemical, Ceramic, etc.)

        13.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031

            13.9.1. Direct Sales

            13.9.2. Indirect Sales

        13.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            13.10.1. China

            13.10.2. India

            13.10.3. Japan

            13.10.4. Rest of Asia Pacific

        13.11. Incremental Opportunity Analysis

    14. Middle East & Africa Industrial Furnace Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Key Trend Analysis

        14.3. Price Trend Analysis

            14.3.1. Weighted Average Selling Price (US$)

        14.4. Brand Analysis

        14.5. Consumer Buying Behavior Analysis

        14.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031

            14.6.1. Gas/Burner Operated

            14.6.2. Electrically Operated

        14.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031

            14.7.1. Below 800°C

            14.7.2. 800°C - 1000°C

            14.7.3. 1000°C - 1200°C

            14.7.4. Above 1200°C

        14.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031

            14.8.1. Metal & Mining

            14.8.2. Oil & Gas

            14.8.3. Automotive Manufacturing

            14.8.4. Metallurgy

            14.8.5. Others (Chemical, Ceramic, etc.)

        14.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031

            14.9.1. Direct Sales

            14.9.2. Indirect Sales

        14.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            14.10.1. GCC

            14.10.2. South Africa

            14.10.3. Rest of Middle East & Africa

        14.11. Incremental Opportunity Analysis

    15. South America Industrial Furnace Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Key Trend Analysis

        15.3. Price Trend Analysis

            15.3.1. Weighted Average Selling Price (US$)

        15.4. Brand Analysis

        15.5. Consumer Buying Behavior Analysis

        15.6. Industrial Furnace Market (US$ Bn and Thousand Units), by Type, 2017 - 2031

            15.6.1. Gas/Burner Operated

            15.6.2. Electrically Operated

        15.7. Industrial Furnace Market (US$ Bn and Thousand Units), by Temperature, 2017 - 2031

            15.7.1. Below 800°C

            15.7.2. 800°C - 1000°C

            15.7.3. 1000°C - 1200°C

            15.7.4. Above 1200°C

        15.8. Industrial Furnace Market (US$ Bn and Thousand Units), by End-use Industry, 2017 - 2031

            15.8.1. Metal & Mining

            15.8.2. Oil & Gas

            15.8.3. Automotive Manufacturing

            15.8.4. Metallurgy

            15.8.5. Others (Chemical, Ceramic, etc.)

        15.9. Industrial Furnace Market (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031

            15.9.1. Direct Sales

            15.9.2. Indirect Sales

        15.10. Industrial Furnace Market (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            15.10.1. Brazil

            15.10.2. Rest of South America

        15.11. Incremental Opportunity Analysis

    16. Competition Landscape

        16.1. Market Player - Competition Dashboard

        16.2. Market Revenue Share Analysis (%), (2022)

        16.3. Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

            16.3.1. Abbott Furnace Company

                16.3.1.1. Company Overview

                16.3.1.2. Sales Area/Geographical Presence

                16.3.1.3. Revenue

                16.3.1.4. Strategy & Business Overview

            16.3.2. Andritz

                16.3.2.1. Company Overview

                16.3.2.2. Sales Area/Geographical Presence

                16.3.2.3. Revenue

                16.3.2.4. Strategy & Business Overview

            16.3.3. Carbolite Gero Ltd.

                16.3.3.1. Company Overview

                16.3.3.2. Sales Area/Geographical Presence

                16.3.3.3. Revenue

                16.3.3.4. Strategy & Business Overview

            16.3.4. Epcon Industrial System

                16.3.4.1. Company Overview

                16.3.4.2. Sales Area/Geographical Presence

                16.3.4.3. Revenue

                16.3.4.4. Strategy & Business Overview

            16.3.5. Inductotherm Corporation

                16.3.5.1. Company Overview

                16.3.5.2. Sales Area/Geographical Presence

                16.3.5.3. Revenue

                16.3.5.4. Strategy & Business Overview

            16.3.6. International Thermal System

                16.3.6.1. Company Overview

                16.3.6.2. Sales Area/Geographical Presence

                16.3.6.3. Revenue

                16.3.6.4. Strategy & Business Overview

            16.3.7. Ipsen

                16.3.7.1. Company Overview

                16.3.7.2. Sales Area/Geographical Presence

                16.3.7.3. Revenue

                16.3.7.4. Strategy & Business Overview

            16.3.8. Primetals Technologies

                16.3.8.1. Company Overview

                16.3.8.2. Sales Area/Geographical Presence

                16.3.8.3. Revenue

                16.3.8.4. Strategy & Business Overview

            16.3.9. SECO/WARWICK

                16.3.9.1. Company Overview

                16.3.9.2. Sales Area/Geographical Presence

                16.3.9.3. Revenue

                16.3.9.4. Strategy & Business Overview

            16.3.10. Tenova

                16.3.10.1. Company Overview

                16.3.10.2. Sales Area/Geographical Presence

                16.3.10.3. Revenue

                16.3.10.4. Strategy & Business Overview

            16.3.11. Other Key Players

                16.3.11.1. Company Overview

                16.3.11.2. Sales Area/Geographical Presence

                16.3.11.3. Revenue

                16.3.11.4. Strategy & Business Overview

    17. Go to Market Strategy

        17.1. Identification of Potential Market Spaces

            17.1.1. By Type

            17.1.2. By Temperature

            17.1.3. By End-use Industry

            17.1.4. By Distribution Channel

            17.1.5. By Region

        17.2. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Table 2: Global Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Table 3: Global Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Table 4: Global Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Table 5: Global Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 6: Global Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 7: Global Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 8: Global Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 9: Global Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Table 10: Global Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Table 11: North America Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Table 12: North America Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Table 13: North America Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Table 14: North America Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Table 15: North America Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 16: North America Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 17: North America Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 18: North America Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 19: North America Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Table 20: North America Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Table 21: Europe Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Table 22: Europe Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Table 23: Europe Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Table 24: Europe Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Table 25: Europe Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 26: Europe Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 27: Europe Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 28: Europe Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 29: Europe Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Table 30: Europe Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Table 31: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Table 32: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Table 33: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Table 34: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Table 35: Asia Pacific Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 36: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 37: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 38: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 39: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Table 40: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Table 41: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Table 42: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Table 43: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Table 44: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Table 45: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 46: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 47: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 48: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 49: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Table 50: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Table 51: South America Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Table 52: South America Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Table 53: South America Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Table 54: South America Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Table 55: South America Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 56: South America Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 57: South America Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 58: South America Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 59: South America Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Table 60: South America Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    List of Figures

    Figure 1: Global Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Figure 2: Global Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Figure 3: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 4: Global Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Figure 5: Global Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Figure 6: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031

    Figure 7: Global Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 8: Global Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 9: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 10: Global Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 11: Global Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 12: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 13: Global Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Figure 14: Global Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Figure 15: Global Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 16: North America Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Figure 17: North America Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Figure 18: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 19: North America Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Figure 20: North America Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Figure 21: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031

    Figure 22: North America Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 23: North America Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 24: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 25: North America Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 26: North America Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 27: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 28: North America Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Figure 29: North America Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Figure 30: North America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 31: Europe Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Figure 32: Europe Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Figure 33: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 34: Europe Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Figure 35: Europe Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Figure 36: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031

    Figure 37: Europe Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 38: Europe Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 39: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 40: Europe Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 41: Europe Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 42: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 43: Europe Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Figure 44: Europe Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Figure 45: Europe Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 46: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Figure 47: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Figure 48: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 49: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Figure 50: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Figure 51: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031

    Figure 52: Asia Pacific Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 53: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 54: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 55: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 56: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 57: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 58: Asia Pacific Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Figure 59: Asia Pacific Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Figure 60: Asia Pacific Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 61: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Figure 62: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Figure 63: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 64: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Figure 65: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Figure 66: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature,2023-2031

    Figure 67: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 68: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 69: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2017-2031

    Figure 70: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 71: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 72: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 73: Middle East & Africa Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Figure 74: Middle East & Africa Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Figure 75: Middle East & Africa Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 76: South America Industrial Furnace Market Value (US$ Bn), by Type, 2017-2031

    Figure 77: South America Industrial Furnace Market Volume (Thousand Units), by Type 2017-2031

    Figure 78: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2023-2031

    Figure 79: South America Industrial Furnace Market Value (US$ Bn), by Temperature, 2017-2031

    Figure 80: South America Industrial Furnace Market Volume (Thousand Units), by Temperature 2017-2031

    Figure 81: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Temperature, 2023-2031

    Figure 82: South America Industrial Furnace Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 83: South America Industrial Furnace Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 84: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 85: South America Industrial Furnace Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 86: South America Industrial Furnace Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 87: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 88: South America Industrial Furnace Market Value (US$ Bn), by Region, 2017-2031

    Figure 89: South America Industrial Furnace Market Volume (Thousand Units), by Region 2017-2031

    Figure 90: South America Industrial Furnace Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

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