What is Combustion Furnaces Market?
A furnace is a device used for high-temperature heating. In combustion furnace heat energy to fuel a furnace may be supplied directly by fuel combustion. It is used for various applications in the market. It can be used as household heating systems. The industrial furnace used for many things such as extraction of metal from ore, oil refineries and other chemical plants. It is used in boiler applications in chemical industries or for providing heat to chemical reactions for processes like cracking.
Highlights from Combustion Furnaces Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Tenova (Italy), ANDRITZ Group (Austria), Primetals Technologies (United Kingdom), Aichelin Holding Gmbh (Austria), Inductotherm Corporation (United States), ALD Dynatech Furnaces Pvt. Ltd. (India), SECO/WARWICK (Poland), PVA TePla (Germany), Mersen (France) and Gasbarre Products, Inc. (United States) |
Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Combustion Furnaces market throughout the forecasted period.
Tenova (Italy), ANDRITZ Group (Austria), Primetals Technologies (United Kingdom), Aichelin Holding Gmbh (Austria), Inductotherm Corporation (United States), ALD Dynatech Furnaces Pvt. Ltd. (India), SECO/WARWICK (Poland), PVA TePla (Germany), Mersen (France) and Gasbarre Products, Inc. (United States) are some of the key players profiled in the study. Combustion Furnaces Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Chemical Industry, Food Industry, Metallurgical Industry and Others |
Type | Combustion Tube Furnaces and Replacement Gas Furnace |
Distribution Channel | Online,Offline |
On the basis of geography, the market of Combustion Furnaces has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Technologically Advanced Products
Market Growth Drivers:
High Demand for Numerous Applications and Better Performance of the Combustion Furnaces
Challenges:
Emissions and Gas Generations in the Combustion Furnaces
Restraints:
Cost Associated With Combustion Furnaces and Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand from End-User Industry
Key Target Audience
Combustion Furnaces Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
On 17th October 2018, the International technology group ANDRITZ has announced the successful closing of its previously announced acquisition of Xerium Technologies, Inc.