Heating Furnace Market Overview, Top Global Vendors, Industry Research and End User Analysis by 2025

The global Heating Furnace market was 5260 million US$ in 2018 and is expected to 6980 million US$ by the end of 2025, growing at a CAGR of 3.6% between 2019 and 2025.


Los Angeles, CA -- (SBWire) -- 04/19/2019 --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.

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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.

This report studies the Heating Furnace market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Heating Furnace in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)

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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:

Jiangsu Yanxin
Changzhou Energy
Primetals Technologies
Aichelin Group

By the product type, the market is primarily split into:

Combustion Type
Electric Type

By the end users/application, this report covers the following segments:

Petrochemical Industry
Material Handling

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