Global Industrial Furnaces and Ovens Industry

Abstract: - The Pandemic Upends Business-as-Usual Scenario for Metal & Steel Processing Industries. Industrial Furnaces & Ovens Slumps by a Painful -16. 9%.

New York, April 07, 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
- The global market for Industrial Furnaces and Ovens is expected to slump by -16.9% in the year 2020 and thereafter recover and grow to reach US$9 billion by the year 2027, trailing a post COVID-19 CAGR of 2% over the analysis period 2020 through 2027. The health of the industrial furnaces and ovens market is closely linked to the dynamics in key end-use markets such as construction, automotive, industrial, medical, and machinery, which in turn is dependent on the health of overall economy. Several macro-economic factors such as economic growth, consumer confidence, credit availability, fuel prices and capital investments in plant infrastructure have a considerable impact on the demand for industrial furnaces and ovens market. As the COVID-19 death toll continues to rise worldwide with the infections showing no signs of slowing down, a major change in priorities is underway as governments struggle amid the crisis to strengthen their healthcare systems. The rapid spread of the COVID-19 pandemic across the globe is anticipated to negatively impact the industrial furnaces and ovens market. Temporary shutdowns of factories and lockdown orders imposed by governments worldwide, coupled with US-China trade tensions have adversely affected growth prospects, especially in the Asia-Pacific region. In the U.S., COVID-19 outbreak is posing significant challenges for industrial manufacturers, particularly those depending on workers who cannot carry out their jobs remotely.
- Amid the healthcare crisis, economic activity has slowed down significantly across most sectors, resulting in a considerable reduction in demand for industrial products. Certain large industrial manufacturers have shut down their facilities and are mulling job cuts in the near future. Partial or full plant closures are expected to continue for a longer period of time for manufacturers operating in worst-hit regions. The impact on manufacturers will mean crunch on capital resources; workforce layoffs/reduction and loss in productivity; supply chain disruptions; difficulties with funding; and increase in cybersecurity risks and fraud. Unlike IT services where work is being carried out remotely via internet and cloud platforms, for the manufacturing industry, plant activities and production cannot be carried remotely and therefore remains worst affected. The slower economic activity means reduced demand for industrial and consumer goods and lower manufacturing orders. Plant closures both full and partial are expected to continue into the coming months. Manufacturers, especially automotive producers with complex supply chains will be hard hit as transportation, trade and movement of goods continue to remain crippled. Social distancing norms are being strictly implemented with manufacturers under pressure to reduce worker density in factories.
- The crumbling automotive and aviation industries and plummeting manufacturing activity in these industries is impacting demand for composites which in turn is taking the steam out of the industrial composite curing ovens market. Composites used widely in automobile, aircraft & ship manufacturing industries are suffering a major demand setback. Valued for its lightweighting benefits, composite consumption will continue to decline in the years 2020 & 2021 as manufacturing continues to plummet before making a U-shaped recovery that will be slow and patchy. In the upstream materials market, this scenario is negatively impacting composite cure ovens and furnaces used to cure high strength, low weight carbon composite materials. Composite ovens play a key role in composite manufacturing as curing determines performance such as longevity, corrosion and fatigue resistance of composites. In the post COVID-19 period, as the market returns to growth carbon fiber ovens will witness the highest revenue gains. Other factors which will drive demand growth during this period will include recovering demand for fabricated metal in automobiles; increased consumption of iron and steel in the infrastructure sector in developing countries; technology developments; and demand for a wide range of processed metal goods supported by continuous global economic recovery. Growing emphasis on sustainable industry policies and the resulting imposition of legislations that regulate the energy efficiency of large industrial furnaces will drive manufacturers’ focus on developing energy efficient solutions. Growing levels of investments in smart factories and Industrial Internet of Things (IIoT) will help drive demand for furnaces and ovens that are equipped with POC analyzers and temperature control features. As prices of digital hardware and software declines, microprocessor based controllers are expected to become a common feature in modern industrial furnaces in the coming years. The growing importance of preventative and predictive maintenance of furnace and ovens is forecast to generate lucrative opportunities for replacements and upgrades. Asia-Pacific will lead growth in the post COVID-19 period led by factors such as robust growth of manufacturing and processing industry in developing Asian countries; increased outsourcing of metal working operations to job shops in low cost South East Asian economies and the resulting increase in demand for Annealing Furnaces; Sintering Furnaces; Calcination Furnaces; and Tempering Furnaces, among others.

- 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 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Mass Notification
Systems by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2018 through
2027 and % CAGR

Table 2: World Historic Review for Mass Notification Systems by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2017 and
% CAGR

Table 3: World 15-Year Perspective for Mass Notification
Systems by Geographic Region - Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets for Years 2012, 2018 & 2027

Table 4: World Current & Future Analysis for In-Building by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2018 through 2027 and
% CAGR

Table 5: World Historic Review for In-Building by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets - Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2017 and % CAGR

Table 6: World 15-Year Perspective for In-Building by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2018 & 2027

Table 7: World Current & Future Analysis for Wide Area by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2018 through 2027 and
% CAGR

Table 8: World Historic Review for Wide Area by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets - Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2017 and % CAGR

Table 9: World 15-Year Perspective for Wide Area by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2012, 2018 & 2027

Table 10: World Current & Future Analysis for Distributed
Recipient by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2018 through
2027 and % CAGR

Table 11: World Historic Review for Distributed Recipient by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2017 and
% CAGR

Table 12: World 15-Year Perspective for Distributed Recipient
by Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2018 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 13: USA Current & Future Analysis for Mass Notification
Systems by Solution - In-Building, Wide Area and Distributed
Recipient - Independent Analysis of Annual Sales in US$ Million
for the Years 2018 through 2027 and % CAGR

Table 14: USA Historic Review for Mass Notification Systems by
Solution - In-Building, Wide Area and Distributed Recipient
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2017 and % CAGR

Table 15: USA 15-Year Perspective for Mass Notification Systems
by Solution - Percentage Breakdown of Value Sales for
In-Building, Wide Area and Distributed Recipient for the Years
2012, 2018 & 2027

CANADA
Table 16: Canada Current & Future Analysis for Mass
Notification Systems by Solution - In-Building, Wide Area and
Distributed Recipient - Independent Analysis of Annual Sales in
US$ Million for the Years 2018 through 2027 and % CAGR

Table 17: Canada Historic Review for Mass Notification Systems
by Solution - In-Building, Wide Area and Distributed Recipient
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2017 and % CAGR

Table 18: Canada 15-Year Perspective for Mass Notification
Systems by Solution - Percentage Breakdown of Value Sales for
In-Building, Wide Area and Distributed Recipient for the Years
2012, 2018 & 2027

JAPAN
Table 19: Japan Current & Future Analysis for Mass Notification
Systems by Solution - In-Building, Wide Area and Distributed
Recipient - Independent Analysis of Annual Sales in US$ Million
for the Years 2018 through 2027 and % CAGR

Table 20: Japan Historic Review for Mass Notification Systems
by Solution - In-Building, Wide Area and Distributed Recipient
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2017 and % CAGR

Table 21: Japan 15-Year Perspective for Mass Notification
Systems by Solution - Percentage Breakdown of Value Sales for
In-Building, Wide Area and Distributed Recipient for the Years
2012, 2018 & 2027

CHINA
Table 22: China Current & Future Analysis for Mass Notification
Systems by Solution - In-Building, Wide Area and Distributed
Recipient - Independent Analysis of Annual Sales in US$ Million
for the Years 2018 through 2027 and % CAGR

Table 23: China Historic Review for Mass Notification Systems
by Solution - In-Building, Wide Area and Distributed Recipient
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2017 and % CAGR

Table 24: China 15-Year Perspective for Mass Notification
Systems by Solution - Percentage Breakdown of Value Sales for
In-Building, Wide Area and Distributed Recipient for the Years
2012, 2018 & 2027

EUROPE
Table 25: Europe Current & Future Analysis for Mass
Notification Systems by Geographic Region - France, Germany,
Italy, UK and Rest of Europe Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2018 through 2027 and %
CAGR

Table 26: Europe Historic Review for Mass Notification Systems
by Geographic Region - France, Germany, Italy, UK and Rest of
Europe Markets - Independent Analysis of Annual Sales in US$
Million for Years 2012 through 2017 and % CAGR

Table 27: Europe 15-Year Perspective for Mass Notification
Systems by Geographic Region - Percentage Breakdown of Value
Sales for France, Germany, Italy, UK and Rest of Europe Markets
for Years 2012, 2018 & 2027

Table 28: Europe Current & Future Analysis for Mass
Notification Systems by Solution - In-Building, Wide Area and
Distributed Recipient - Independent Analysis of Annual Sales in
US$ Million for the Years 2018 through 2027 and % CAGR

Table 29: Europe Historic Review for Mass Notification Systems
by Solution - In-Building, Wide Area and Distributed Recipient
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2017 and % CAGR

Table 30: Europe 15-Year Perspective for Mass Notification
Systems by Solution - Percentage Breakdown of Value Sales for
In-Building, Wide Area and Distributed Recipient for the Years
2012, 2018 & 2027

FRANCE
Table 31: France Current & Future Analysis for Mass
Notification Systems by Solution - In-Building, Wide Area and
Distributed Recipient - Independent Analysis of Annual Sales in
US$ Million for the Years 2018 through 2027 and % CAGR

Table 32: France Historic Review for Mass Notification Systems
by Solution - In-Building, Wide Area and Distributed Recipient
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2017 and % CAGR

Table 33: France 15-Year Perspective for Mass Notification
Systems by Solution - Percentage Breakdown of Value Sales for
In-Building, Wide Area and Distributed Recipient for the Years
2012, 2018 & 2027

GERMANY
Table 34: Germany Current & Future Analysis for Mass
Notification Systems by Solution - In-Building, Wide Area and
Distributed Recipient - Independent Analysis of Annual Sales in
US$ Million for the Years 2018 through 2027 and % CAGR

Table 35: Germany Historic Review for Mass Notification Systems
by Solution - In-Building, Wide Area and Distributed Recipient
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2017 and % CAGR

Table 36: Germany 15-Year Perspective for Mass Notification
Systems by Solution - Percentage Breakdown of Value Sales for
In-Building, Wide Area and Distributed Recipient for the Years
2012, 2018 & 2027

ITALY
Table 37: Italy Current & Future Analysis for Mass Notification
Systems by Solution - In-Building, Wide Area and Distributed
Recipient - Independent Analysis of Annual Sales in US$ Million
for the Years 2018 through 2027 and % CAGR

Table 38: Italy Historic Review for Mass Notification Systems
by Solution - In-Building, Wide Area and Distributed Recipient
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2017 and % CAGR

Table 39: Italy 15-Year Perspective for Mass Notification
Systems by Solution - Percentage Breakdown of Value Sales for
In-Building, Wide Area and Distributed Recipient for the Years
2012, 2018 & 2027

UNITED KINGDOM
Table 40: UK Current & Future Analysis for Mass Notification
Systems by Solution - In-Building, Wide Area and Distributed
Recipient - Independent Analysis of Annual Sales in US$ Million
for the Years 2018 through 2027 and % CAGR

Table 41: UK Historic Review for Mass Notification Systems by
Solution - In-Building, Wide Area and Distributed Recipient
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2017 and % CAGR

Table 42: UK 15-Year Perspective for Mass Notification Systems
by Solution - Percentage Breakdown of Value Sales for
In-Building, Wide Area and Distributed Recipient for the Years
2012, 2018 & 2027

REST OF EUROPE
Table 43: Rest of Europe Current & Future Analysis for Mass
Notification Systems by Solution - In-Building, Wide Area and
Distributed Recipient - Independent Analysis of Annual Sales in
US$ Million for the Years 2018 through 2027 and % CAGR

Table 44: Rest of Europe Historic Review for Mass Notification
Systems by Solution - In-Building, Wide Area and Distributed
Recipient Markets - Independent Analysis of Annual Sales in US$
Million for Years 2012 through 2017 and % CAGR

Table 45: Rest of Europe 15-Year Perspective for Mass
Notification Systems by Solution - Percentage Breakdown of
Value Sales for In-Building, Wide Area and Distributed
Recipient for the Years 2012, 2018 & 2027

ASIA-PACIFIC
Table 46: Asia-Pacific Current & Future Analysis for Mass
Notification Systems by Solution - In-Building, Wide Area and
Distributed Recipient - Independent Analysis of Annual Sales in
US$ Million for the Years 2018 through 2027 and % CAGR

Table 47: Asia-Pacific Historic Review for Mass Notification
Systems by Solution - In-Building, Wide Area and Distributed
Recipient Markets - Independent Analysis of Annual Sales in US$
Million for Years 2012 through 2017 and % CAGR

Table 48: Asia-Pacific 15-Year Perspective for Mass
Notification Systems by Solution - Percentage Breakdown of
Value Sales for In-Building, Wide Area and Distributed
Recipient for the Years 2012, 2018 & 2027

REST OF WORLD
Table 49: Rest of World Current & Future Analysis for Mass
Notification Systems by Solution - In-Building, Wide Area and
Distributed Recipient - Independent Analysis of Annual Sales in
US$ Million for the Years 2018 through 2027 and % CAGR

Table 50: Rest of World Historic Review for Mass Notification
Systems by Solution - In-Building, Wide Area and Distributed
Recipient Markets - Independent Analysis of Annual Sales in US$
Million for Years 2012 through 2017 and % CAGR

Table 51: Rest of World 15-Year Perspective for Mass
Notification Systems by Solution - Percentage Breakdown of
Value Sales for In-Building, Wide Area and Distributed
Recipient for the Years 2012, 2018 & 2027

IV. COMPETITION
Total Companies Profiled: 46
Read the full report: https://www.reportlinker.com/p06050918/?utm_source=GNW

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