Global Industrial Furnaces and Ovens Market (2020 to 2027) – Solar Energy Sector to Present Long-term Opportunities – ResearchAndMarkets.com – Yahoo Finance Australia

DUBLIN, November 08, 2021–(BUSINESS WIRE)–The “Industrial Furnaces and Ovens – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Industrial Furnaces and Ovens estimated at US$7.8 Billion in the year 2020, is projected to reach a revised size of US$9 Billion by 2027, growing at a CAGR 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 …….

  Source: https://finance.yahoo.com/news/global-industrial-furnaces-ovens-market-102800064.html

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