Heating furnace is a heating device that transfers heat generated by combustion of a fuel to a heated medium to raise its temperature. It is widely used in oil and gas gathering and transportation systems, steel smelting, metal processing and other industries.
The Heating Furnace are expected to grow at a CAGR of 3.61% from 5255.75 million USD in 2020 to reach 6978.52 million USD by 2026 in global market. The Heating Furnace market is very fragment market; the revenue of top fourteen manufacturers accounts about 45% of the total revenue in 2020. The high-end products mainly come from USA and Europe.
Geographically, the global Heating Furnace market has been segmented into North America, Europe, Asia-Pacific, Central & South America and Middle East & Africa. The Asia-Pacific held the largest share in the global sales market, its sales of global market exceeds 45% in 2020. The next is Europe.
The Heating Furnace market was valued at 5260 Million US$ in 2020 and is projected to reach 6980 Million US$ by 2026, at a CAGR of 3.6% during the forecast period. In this study, 2020 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Heating Furnace.
This report covers the present status and the future prospects of the global Heating Furnace market for 2015-2026.
The report offers detailed coverage of Heating Furnace industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Heating Furnace by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Andritz, Danieli, Tenova, ALD, Ipsen, Shenwu, SECO/WARWICK, Jiangsu Yanxin, Nachi-Fujikoshi, Changzhou Energy, Primetals Technologies, Aichelin Group, Inductotherm, CEC
Market Segment as follows:
Market by Order Type
Combustion Type
Electric Type
Heating Furnace Breakdown Data by Application
Metallurgy
Petrochemical Industry
Material Handling
Other
Heating Furnace market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Heating Furnace market for the forecast period 2021 - 2026?
• What are the driving forces in the Heating Furnace market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Heating Furnace industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.