Global Industrial Furnaces and Ovens Market to Reach US$12.5 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Industrial Furnaces and Ovens markets. The global market for Industrial Furnaces and Ovens is projected to reach US$12.5 billion by the year 2017. Growth in the market is expected to primarily result from growing popularity of revolutionary hybrid furnaces, increasing replacement of old furnaces, availability of new oxygen technologies, and increasing demand from developing countries.

Industrial Furnaces and Ovens: A Global Strategic Business Report

Follow us on LinkedIn – Industrial furnaces are primarily used by industries to heat-treat metals in order to generate steam. They are also used in the manufacture of bricks, cement, glass, iron and steel, and other materials. Electric, batch and fuel-fired furnaces are used to perform several functions, such as annealing, brazing, carburizing, hardening, sintering, and tempering of ferrous and non-ferrous castings. Advent of new and sophisticated technologies is prompting manufacturers to exploit such technologies rather than depend on traditional methods. Further environmental concern over pollution is compelling manufacturers to replace older furnaces such as the open-hearth furnaces. The industry is also witnessing manufacturers increasingly incorporating the use of advanced technology for accruing profits at lesser and optimum cost.

As stated by the new market research report on Industrial Furnaces and Ovens, the world market for industrial furnaces and ovens is dominated by Europe, followed by the US. Asia-Pacific is poised to register the fastest compounded annual growth rate over the analysis period. Segment-wise, Industrial electric heating equipment constitutes the largest product segment. Industrial furnace market continues to witness increased popularity of revolutionary hybrid furnaces. Latest oxygen technologies float in the industrial furnace circuit over conventional glass furnaces. Oxygen convalesce the glass quality and production capacity of air fuel furnace. Enrichment, Lancing and boosting techniques surfaced the market for regenerative furnaces. Further, new hybrid furnaces are expected to replace conventional air fuel technology at a rapid pace. Oxy-fuel technology precedes air-fuel process by utilizing oxygen for environment-friendly glass combustion by eliminating nitrogen present in air, reducing maintenance cost, and providing designing simplicity.

Major players profiled in the report include Beijing Shenwu Thermal Energy Technology Co., Carbolite, CM Furnaces Inc., Inductotherm Corp., JLS Redditch Ltd., Kilns & Furnaces Limited, Nachi-Fujikoshi Corp., Pyradia, Surface Combustion Inc., among others.

The research report titled "Industrial Furnaces and Ovens: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for the period 2009 -2017 for global and regional markets including US, Canada, Japan, Europe, Asia-Pacific, The Middle East, and Latin America. Key market segments analyzed include Electrical Industrial Furnaces and Ovens (Electric Furnaces, Electric Ovens & Kilns and Other Electric Furnaces & Ovens), Induction & Dielectric Furnaces & Ovens, Industrial Electric Heating Equipment, Fuel-fired Industrial Furnaces & Ovens, and Other Industrial Furnaces & Ovens.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
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