Valley Cottage, NY -- (SBWIRE) -- 05/15/2019 -- Laboratory Furnaces Market: Introduction
Laboratory furnaces are convection appliances that are widely used across manufacturing and scientific industries for various applications such as annealing, sterilizing, evaporation, polymer treatment, and solvent removal. As time has progressed, advancements in the features of laboratory furnaces have been implemented, which have boosted the adoption of the same across multiple industries. Laboratory furnaces are available in various configurations or form factors, such as box, split tube, and tube furnace configurations, with an intention of catering to the varying demands of end users. Besides manufacturing and research industries, a decent adoption of laboratory furnaces has also been witnessed across metal, mining, and oil & gas industries.

Report Highlights
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint

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Laboratory Furnaces Market: Segmentation

On the basis of type, the laboratory furnaces market has been segmented as:
Benchtop Laboratory Furnaces
Cabinet Laboratory Furnaces
Walk-in Laboratory Furnaces

On the basis of configuration type, the laboratory furnaces market has been segmented as:
Ashing Laboratory Furnaces
Muffle Laboratory Furnaces
Box Laboratory Furnaces
Tube Laboratory Furnaces
Customized Laboratory Furnaces

On the basis of industry vertical, the laboratory furnaces market has been segmented as:
Metal & Mining
Manufacturing
Oil & Gas
Education
Government
Chemicals
Research
Others

Laboratory Furnaces Market: Key Players
Some of the key players in the laboratory furnaces market are Thermcraft Incorporated, CM Furnaces Inc., Thermo Fisher Scientific, Carbolite Gero Ltd., Spectrum Chemical Manufacturing Corp., LAC s.r.o., Cole-Parmer Instrument Company, LLC, Nabertherm GmbH, Humboldt Mfg. Co., MagmaTherm, Abbott Furnace, and various others.

Various manufacturers are focusing on expanding their sales and strengthening their position in the global laboratory furnaces market by partnering with various end customers, globally. For instance, in May 2017, Thermcraft Incorporated collaborated with the U.S. aerospace industry for supplying its laboratory furnaces across the U.S. Air Force and across relative industries in the region.

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Laboratory Furnaces Market: Regional Overview
By geography, the laboratory furnaces market has been segmented into North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and Others in Asia Pacific, and the Middle East & Africa. Among these regions, North America is expected to dominate the global laboratory furnaces market during the forecast period, due to the presence of various market players, multiple universities adopting laboratory furnaces, and high research & development activities in the region, especially across the U.S. Europe and Asia Pacific (including China and Japan) are next in the global laboratory furnaces market.

Asia Pacific (including China and Japan) is expected to exhibit the highest growth rate during the forecast period, owing to the increasing establishment of manufacturing industries and research & development laboratories in the region. Besides this, Latin America is expected to witness a considerably moderate growth rate during the forecast period.