Heating furnace is a heating device that transfers heat generated by combustion of a fuel to a heated medium to raise its temperature. It is widely used in oil and gas gathering and transportation systems, steel smelting, metal processing and other industries.
The Heating Furnace are expected to grow at a CAGR of 3.61% from 5255.75 million USD in 2017 to reach 6978.52 million USD by 2025 in global market. The Heating Furnace market is very fragment market; the revenue of top fourteen manufacturers accounts about 45% of the total revenue in 2017. The high-end products mainly come from USA and Europe.
Geographically, the global Heating Furnace market has been segmented into North America, Europe, Asia-Pacific, Central & South America and Middle East & Africa. The Asia-Pacific held the largest share in the global sales market, its sales of global market exceeds 45% in 2017. The next is Europe.
According to this study, over the next five years the Heating Furnace market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 6530 million by 2024, from US$ 5260 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Heating Furnace business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Heating Furnace market by product type, application, key manufacturers and key regions and countries.
This study considers the Heating Furnace value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Heating Furnace consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Heating Furnace market by identifying its various subsegments.
Focuses on the key global Heating Furnace manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Heating Furnace with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Heating Furnace submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Get latest Market Research Reports on Heating Furnace . Industry analysis & Market Report on Heating Furnace is a syndicated market report, published as Global Heating Furnace Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Heating Furnace market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.