Market

Global Industrial Furnaces and Ovens Market to Reach $9 Billion by 2027 – Stocks News Feed

New York, July 12, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Industrial Furnaces and Ovens Industry” – https://www.reportlinker.com/p06050918/?utm_source=GNW
8 Billion in the year 2020, is projected to reach a revised size of US$9 Billion by 2027, growing at aCAGR of 2% over the period 2020-2027. Combustion, one of the segments analyzed in the report, is projected to record 1.9% CAGR and reach US$5.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electric segment is readjusted to a revised 2.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $903.2 Million, While China is Forecast to Grow at 2.8% CAGR

The Industrial Furnaces and Ovens market in the U.S. is estimated at US$903.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 2.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Select Competitors (Total 227 Featured)




  • AFC-Holcroft
  • Aichelin Group
  • Airtec Thermoprocess GmbH
  • Andritz AG
  • AVS, Inc.
  • Can-Eng Furnaces International Limited
  • Carbolite Gero Ltd.
  • CERI Phoenix Industrial Furnace CO., LTD.
  • CM Furnaces, Inc.
  • Consolidated Engineering Company
  • Despatch Industries, Inc.
  • Dijko Ovens BV
  • Dowa Thermotech Co., Ltd.
  • ElectroHeat AB
  • G-M Enterprises
  • Grieve Corporation
  • Inductotherm Corporation
  • Industrial Furnace Company
  • International Thermal Systems LLC
  • Ipsen
  • JLS Redditch, Ltd.
  • Keith Company
  • Kilns & Furnaces Ltd.
  • Nachi-Fujikoshi Corp.
  • Nutec Bickley
  • Primetals Technologies Limited
  • Rogers Engineering & Manufacturing Co., Inc.
  • SECO/WARWICK S.A.
  • Shenwu Technology Group Corp Co., Ltd.
  • Solar Manufacturing
  • Solo Swiss Group
  • Surface Combustion, Inc.
  • Tenova S.P.A
  • Thermal Product Solutions
  • Wisconsin Oven Corporation
  • VAC AERO International, Inc.

Read the full report: https://www.reportlinker.com/p06050918/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Pandemic and Looming Global Recession
COVID-19 Crisis Triggers Negative Tide in GDP & Industrial
Output Forecasts
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2019, 2020 & 2021
Industrial Activity to Remain Subdued in the Immediate Term
EXHIBIT 2: Global PMI Index Points for the Years 2018, 2019 & 2020
An Introduction to Industrial Furnaces and Ovens
Electric Furnaces
Combustion Furnaces
Global Industrial Furnaces and Ovens Market: Prospects & Outlook
End-Use Dynamics Influence Trends in the Industrial Furnaces
and Ovens Market
Metallurgical Applications Poised for High Growth
Developing Countries to Make Significant Gains in the Long-Term
Future
Competition
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Iron and Steel Demand Determines Trends in the Industrial
Furnaces and Ovens Market
COVID-19 Outbreak Impacts Steel Industry
Steel Production & Demand Statistics
EXHIBIT 3: Global Crude Steel Monthly Production (in Million
Tonnes) for the Period Jul-2019 to Jul-2020
EXHIBIT 4: Global Crude Steel Production Breakdown by Country
(in %): 2019
EXHIBIT 5: COVID-19 Pandemic Impact on Steel Demand: YoY Change
(in %) for Global Finished Steel Demand by Region in 2020
EXHIBIT 6: Global Steel Demand by Region (in %) for 2020E
EXHIBIT 7: Global Steel Demand by End-Use Sector (in %) for 2020E
Widening Role of Electric Arc Furnace (EAF) in Steel Production
Landscape
EXHIBIT 8: Global Production of Crude Steel: Percentage
Breakdown by Production Method by Region for 2019
EXHIBIT 9: Steel Production by Manufacturing Process in Select
Countries (2019)
Automobile Manufacturing: Industrial Furnaces Hold Significance
in Reducing Production Costs and Pollution Levels
Automotive Production Trends Determine Growth Dynamics of
Industrial Furnaces and Ovens Market
EXHIBIT 10: Automobile Production % YoY Change Across Select
Countries: 2020 Vs 2019
EXHIBIT 11: World Automobile Production in Million Units: 2008
-2022
With Oil & Gas Sector Confronting Testing Times Amidst the
COVID-19 Pandemic, Industrial Furnaces Market to be Impacted
Global E&P Industry Revenues Set to Nosedive Remarkably amidst
COVID-19 Pandemic
EXHIBIT 12: Global Oil & Gas E&P Industry Spending (2015-2021E)
EXHIBIT 13: Breakdown of Global E&P Spending (in %) by Supply
Segment for the Year 2019 & 2020
With Air Travel Coming to a Grinding Halt, Aerospace Industry,
Demand for Industrial Furnaces and Ovens to be Affected
EXHIBIT 14: Expected Losses in Global Aviation (In US$ Billion)
EXHIBIT 15: Global Airlines Performance by Region: 2020 Vs 2019
Solar Energy Sector to Present Long-term Opportunities for the
Market
Railroad Sector: Another Prominent Market for Industrial
Furnaces and Ovens
EXHIBIT 16: COVID-19 Impact on Railways: YoY Change (%) for
Rail Freight and Passenger Rail in Europe for 2020 and 2021
EXHIBIT 17: Global Rail Wheel and Axle Market (in US$ Million)
by Region for 2020 & 2027
Mining, Melting, and Metal Alloy Machinery Demand Impacts
Trends in Industrial Furnace and Ovens Market
EXHIBIT 18: Global Mining Equipment Market (in $ Billion) for
the Years 2019, 2022 & 2025
Rising Demand from the Medical Sector Lends Traction to Market
Growth
Increasing Healthcare Expenditure Creates Conducive Environment
EXHIBIT 19: World Healthcare Expenditure (In US$ Trillion) for
the Years for 2017, 2019, 2021, 2023
Leveraging Industry 4.0 and IIoT for Development of Smart
Industrial Furnaces and Ovens
Global Blast Furnaces Market to Witness Stable Long-Term Growth
Replacement of Older Furnaces and Ovens with Advanced
Equipment: A Potential Market Opportunity
Increasing Need for Integrating Automated Systems Fuels Demand
for Industrial Ovens
Customized Industrial Ovens Gain Rapid Market Acceptance
Technological Advancements to Boost Market Growth
Hybrid Furnaces Gains Traction
Advances in Metal Reheat Furnaces
Rising Prominence of Infrared Heating Ovens in Industrial
Process Heating Applications
Furnace Thermal-Imaging Equipment
Industrial Furnaces Facilitate Efficient Electrical Component
Manufacturing
Energy Efficient Industrial Furnaces & Ovens Enable Cost
Optimization, Driving Adoption among Manufacturers
Oxygen Technologies Increase Furnace Efficiency

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Industrial
Furnaces and Ovens by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Industrial Furnaces and
Ovens by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Industrial Furnaces and
Ovens by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2012,
2020 & 2027

Table 4: World Current & Future Analysis for Combustion by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 5: World Historic Review for Combustion by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 6: World 15-Year Perspective for Combustion by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 7: World Current & Future Analysis for Electric by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Electric by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 9: World 15-Year Perspective for Electric by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 10: World Current & Future Analysis for Material Handling
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 11: World Historic Review for Material Handling by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Material Handling by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 13: World Current & Future Analysis for Metallurgy by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for Metallurgy by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 15: World 15-Year Perspective for Metallurgy by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 16: World Current & Future Analysis for Petrochemical by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Petrochemical by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 18: World 15-Year Perspective for Petrochemical by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 19: World Current & Future Analysis for Other
Applications by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Other Applications by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 21: World 15-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
Amidst COVID-19 Crisis, Manufacturing Activities Come to a Halt
COVID-19 Impact: US Steel Industry to Remain Jittery over Near
-Term
Table 22: USA Current & Future Analysis for Industrial Furnaces
and Ovens by Type – Combustion and Electric – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 23: USA Historic Review for Industrial Furnaces and Ovens
by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 24: USA 15-Year Perspective for Industrial Furnaces and
Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 25: USA Current & Future Analysis for Industrial Furnaces
and Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications – Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 26: USA Historic Review for Industrial Furnaces and Ovens
by Application – Material Handling, Metallurgy, Petrochemical
and Other Applications Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 27: USA 15-Year Perspective for Industrial Furnaces and
Ovens by Application – Percentage Breakdown of Value Sales for
Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

CANADA
Table 28: Canada Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 29: Canada Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 30: Canada 15-Year Perspective for Industrial Furnaces
and Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 31: Canada Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 32: Canada Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 33: Canada 15-Year Perspective for Industrial Furnaces
and Ovens by Application – Percentage Breakdown of Value Sales
for Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

JAPAN
Table 34: Japan Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 35: Japan Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 36: Japan 15-Year Perspective for Industrial Furnaces and
Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 37: Japan Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 38: Japan Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 39: Japan 15-Year Perspective for Industrial Furnaces and
Ovens by Application – Percentage Breakdown of Value Sales for
Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

CHINA
COVID-19 Pandemic Affects the China?s Manufacturing Activity,
Affecting Growth Outlook
Surprising Recovery to Boost Steel Fortunes, Driving Market Growth
Chinese Ovens Market: A Brief Overview
Table 40: China Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 41: China Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 42: China 15-Year Perspective for Industrial Furnaces and
Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 43: China Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 44: China Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 45: China 15-Year Perspective for Industrial Furnaces and
Ovens by Application – Percentage Breakdown of Value Sales for
Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

EUROPE
Market Overview
Table 46: Europe Current & Future Analysis for Industrial
Furnaces and Ovens by Geographic Region – France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 47: Europe Historic Review for Industrial Furnaces and
Ovens by Geographic Region – France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets – Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 48: Europe 15-Year Perspective for Industrial Furnaces
and Ovens by Geographic Region – Percentage Breakdown of Value
Sales for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2012, 2020 & 2027

Table 49: Europe Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 50: Europe Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 51: Europe 15-Year Perspective for Industrial Furnaces
and Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 52: Europe Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 53: Europe Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 54: Europe 15-Year Perspective for Industrial Furnaces
and Ovens by Application – Percentage Breakdown of Value Sales
for Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

FRANCE
Table 55: France Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 56: France Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 57: France 15-Year Perspective for Industrial Furnaces
and Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 58: France Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 59: France Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 60: France 15-Year Perspective for Industrial Furnaces
and Ovens by Application – Percentage Breakdown of Value Sales
for Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

GERMANY
Table 61: Germany Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 62: Germany Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 63: Germany 15-Year Perspective for Industrial Furnaces
and Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 64: Germany Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 65: Germany Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 66: Germany 15-Year Perspective for Industrial Furnaces
and Ovens by Application – Percentage Breakdown of Value Sales
for Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

ITALY
Table 67: Italy Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 68: Italy Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 69: Italy 15-Year Perspective for Industrial Furnaces and
Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 70: Italy Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 71: Italy Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 72: Italy 15-Year Perspective for Industrial Furnaces and
Ovens by Application – Percentage Breakdown of Value Sales for
Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

UNITED KINGDOM
Table 73: UK Current & Future Analysis for Industrial Furnaces
and Ovens by Type – Combustion and Electric – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 74: UK Historic Review for Industrial Furnaces and Ovens
by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 75: UK 15-Year Perspective for Industrial Furnaces and
Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 76: UK Current & Future Analysis for Industrial Furnaces
and Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications – Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 77: UK Historic Review for Industrial Furnaces and Ovens
by Application – Material Handling, Metallurgy, Petrochemical
and Other Applications Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 78: UK 15-Year Perspective for Industrial Furnaces and
Ovens by Application – Percentage Breakdown of Value Sales for
Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

SPAIN
Table 79: Spain Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 80: Spain Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 81: Spain 15-Year Perspective for Industrial Furnaces and
Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 82: Spain Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 83: Spain Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 84: Spain 15-Year Perspective for Industrial Furnaces and
Ovens by Application – Percentage Breakdown of Value Sales for
Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

RUSSIA
Table 85: Russia Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 86: Russia Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 87: Russia 15-Year Perspective for Industrial Furnaces
and Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 88: Russia Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 89: Russia Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 90: Russia 15-Year Perspective for Industrial Furnaces
and Ovens by Application – Percentage Breakdown of Value Sales
for Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

REST OF EUROPE
Table 91: Rest of Europe Current & Future Analysis for
Industrial Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 92: Rest of Europe Historic Review for Industrial
Furnaces and Ovens by Type – Combustion and Electric Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 93: Rest of Europe 15-Year Perspective for Industrial
Furnaces and Ovens by Type – Percentage Breakdown of Value
Sales for Combustion and Electric for the Years 2012, 2020 &
2027

Table 94: Rest of Europe Current & Future Analysis for
Industrial Furnaces and Ovens by Application – Material
Handling, Metallurgy, Petrochemical and Other Applications –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 95: Rest of Europe Historic Review for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 96: Rest of Europe 15-Year Perspective for Industrial
Furnaces and Ovens by Application – Percentage Breakdown of
Value Sales for Material Handling, Metallurgy, Petrochemical
and Other Applications for the Years 2012, 2020 & 2027

ASIA-PACIFIC
Market Overview
Table 97: Asia-Pacific Current & Future Analysis for Industrial
Furnaces and Ovens by Geographic Region – India, South Korea
and Rest of Asia-Pacific Markets – Independent Analysis of
Annual Sales in US$ Thousand for Years 2020 through 2027 and %
CAGR

Table 98: Asia-Pacific Historic Review for Industrial Furnaces
and Ovens by Geographic Region – India, South Korea and Rest of
Asia-Pacific Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR

Table 99: Asia-Pacific 15-Year Perspective for Industrial
Furnaces and Ovens by Geographic Region – Percentage Breakdown
of Value Sales for India, South Korea and Rest of Asia-Pacific
Markets for Years 2012, 2020 & 2027

Table 100: Asia-Pacific Current & Future Analysis for
Industrial Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 101: Asia-Pacific Historic Review for Industrial Furnaces
and Ovens by Type – Combustion and Electric Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 102: Asia-Pacific 15-Year Perspective for Industrial
Furnaces and Ovens by Type – Percentage Breakdown of Value
Sales for Combustion and Electric for the Years 2012, 2020 &
2027

Table 103: Asia-Pacific Current & Future Analysis for
Industrial Furnaces and Ovens by Application – Material
Handling, Metallurgy, Petrochemical and Other Applications –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 104: Asia-Pacific Historic Review for Industrial Furnaces
and Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 105: Asia-Pacific 15-Year Perspective for Industrial
Furnaces and Ovens by Application – Percentage Breakdown of
Value Sales for Material Handling, Metallurgy, Petrochemical
and Other Applications for the Years 2012, 2020 & 2027

INDIA
Steel Demand in India to Grow Marginally after Deep Cuts in
Output during Lockdown, Affecting Market Growth
EXHIBIT 20: Crude Steel Production in India by Technology (%)
for 2019
Indian Steelmakers Turn to Production Cuts Amid COVID-19
Pandemic Crisis
Industrial Ovens Market in India: An Overview
Table 106: India Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 107: India Historic Review for Industrial Furnaces and
Ovens by Type – Combustion and Electric Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 108: India 15-Year Perspective for Industrial Furnaces
and Ovens by Type – Percentage Breakdown of Value Sales for
Combustion and Electric for the Years 2012, 2020 & 2027

Table 109: India Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,
Metallurgy, Petrochemical and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 110: India Historic Review for Industrial Furnaces and
Ovens by Application – Material Handling, Metallurgy,
Petrochemical and Other Applications Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 111: India 15-Year Perspective for Industrial Furnaces
and Ovens by Application – Percentage Breakdown of Value Sales
for Material Handling, Metallurgy, Petrochemical and Other
Applications for the Years 2012, 2020 & 2027

SOUTH KOREA
Table 112: South Korea Current & Future Analysis for Industrial
Furnaces and Ovens by Type – Combustion and Electric –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 113: South Korea Historic Review for Industrial Furnaces
and Ovens by Type – Combustion and Electric Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 114: South Korea 15-Year Perspective for Industrial
Furnaces and Ovens by Type – Percentage Breakdown of Value
Sales for Combustion and Electric for the Years 2012, 2020 &
2027

Table 115: South Korea Current & Future Analysis for Industrial
Furnaces and Ovens by Application – Material Handling,

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