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The Global Blast Furnaces Market is forecast to grow by $1924.47 mn during 2022-2027, decelerating at a CAGR of 4.9% during the forecast period

ReportLinker
ReportLinker

Global Blast Furnaces Market 2023-2027. The analyst has been monitoring the blast furnaces market and is forecast to grow by $1924.47 mn during 2022-2027, decelerating at a CAGR of 4.9% during the forecast period.

New York, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Blast Furnaces Market 2023-2027" - https://www.reportlinker.com/p05618633/?utm_source=GNW
Our report on the blast furnaces market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by large installed base of blast furnaces, growing steel demand from India and Russia, and regulations requiring steel plants to reduce the environmental footprint.

The blast furnaces market is segmented as below:
By Application
• Capacity additions
• Revamping projects

By Type
• Hot blast ovens
• Cold blast blowers

By Geographical Landscape
• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the equipment as a service as one of the prime reasons driving the blast furnaces market growth during the next few years. Also, the ongoing shift of the Chinese steel industry toward coastal areas and increasing private ownership will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the blast furnaces market covers the following areas:
• Blast furnaces market sizing
• Blast furnaces market forecast
• Blast furnaces market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blast furnaces market vendors that include Ansteel Group Corp. Ltd., China Metallurgical Engineering and Project Corp., Compagnie de Saint Gobain SA, Danieli and C. Officine Meccaniche Spa, Gillanders Arbuthnot and Co. Ltd., Heavy Engineering Corp. Ltd., IHI Corp., JP Steel Plantech Co., Krosaki Harima Corp., Larsen and Toubro Ltd., McNally Bharat Engineering Co. Ltd., MECON Ltd., Nippon Steel Corp., Noble Industrial Furnace Co. Inc., POSCO holdings Inc., Primetals Technologies Ltd., Qinhuangdao Qinye Heavy Industry Co. Ltd., Shandong Province Metallurgical Engineering Co. Ltd., Sinosteel Corp., and SMS group GmbH. Also, the blast furnaces market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report: https://www.reportlinker.com/p05618633/?utm_source=GNW

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