Oct 24, 2017

U.S. Industrial Process Furnace And Oven Market. Analysis And Forecast to 2025

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U.S. Industrial Process Furnace Market to Expand Modestly

Driven by the current economic recovery in the USA, the industrial process furnace and oven market is expected to continue an upward consumption trend over the next few years. The expected slowdown of the industrial furnace market is conditioned by modest rates of growth in metallurgy set against softening expansion of construction.

In 2016, the industrial process furnace and oven market size reached $X, indicating a steady growth over the past seven-year period. In retrospect, the market dynamic remained reliant on the performance of the U.S. industrial sectors and economy as a whole. The global financial crisis exerted a negative impact on the performance trend pattern of the U.S. industrial process furnace and oven market: following a X% contraction of the market in 2009, the market volume regained pre-crisis performance figures only in 2012; then it continued its upward trend pattern on the backdrop of an overall economic recovery.

The market remains dependent on supplies from those countries specializing in the production of these items. In 2016, the value of total U.S. industrial process furnace imports stood at $X. The import figures fluctuated somewhat wildly over the period under review, but overall there was an annual increase of +X% from 2007 to 2016. Meanwhile, the share of imported products in terms of consumption remained relatively stable, standing at X% in 2016. Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers - it ranked second in terms of global imports (with a X% share, in value terms) after China (X%).

German (X% of the market value in 2016), Japanese (X%), Chinese (X%) and Canadian (X%) industrial process furnaces and ovens assumed important shares in total U.S. consumption. Moreover, imports from Japan (+X percentage points) and China (+X percentage points) strengthened their positions in the U.S. market, while the share supplied from Canada (-X percentage points) illustrated a downward trend through 2016.

Parts of industrial or laboratory electric furnaces and ovens ($X in 2016) and parts of non-electric industrial or laboratory furnaces and ovens ($X) assumed the largest shares of total imports, together comprising X% in 2016. The imports of parts of industrial or laboratory electric furnaces and ovens expanded with a CAGR of +X% from 2007 to 2016, while imports of parts of non-electric industrial or laboratory furnaces and ovens grew by +X% per year over the same period. These categories were followed by resistance heated furnaces and ovens ($X), which increased with a CAGR of +X% from 2007 to 2016.

Industrial process furnace and oven consumption strongly depends on the manufacture of primary metals and non-metallic mineral products, such as building materials and glass.

The metallurgy industry is a key consumer of industrial process furnaces and ovens. Sluggish investment climate and doubts as to the future performance of the automotive industry, a key driving factor in terms of demand for metal products, are currently curbing metallurgy sector expansion. Furthermore, the industry is highly pressured by stiff competition from cheaper Asian-made steel and steel products, mainly from China. In addition, a prolonged slump in business fixed investment has had a severe impact on manufacturing performance; overall it has contributed to poor productivity figures and outlook, thereby exerting a negative impact on future U.S. growth and development.

Nevertheless, a recovery of the U.S. industries is set to continue amid measured economy growth. U.S. GDP is projected to achieve a mere X% annual growth figure through to 2020, driving consumption of various industrial and consumer products, which will thereby support demand for industrial facilities and industrial ovens in particular. The growth pattern of the U.S. metallurgical sector will depend on capital investment growth and trade policies with regard to metals.

The U.S. construction sector is currently experiencing a robust growth, due to increased disposable household income and enhanced loans and mortgage access. In 2016, the U.S. construction market saw a X% growth, fueled by the surge in residential construction. In 2017, this trend is projected to remain unchanged. However, as the construction market reaches saturation and mortgage lending rates increase, sector expansion is set to stabilize and slow slightly in the near-to-medium term

Therefore, the U.S. industrial furnace market performance is forecast to grow with an anticipated CAGR of +X% for the nine-year period from 2016 to 2025, which is projected to lead the market value to X billion USD by the end of 2025.

Do you want to know more about global industrial process furnace and oven market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • industrial process furnace and oven market share
  • industrial process furnace and oven prices
  • industrial process furnace and oven industry
  • industrial process furnace and oven sales
  • industrial process furnace and oven market forecast
  • industrial process furnace and oven price forecast
  • key industrial process furnace and oven producers

Source: U.S. Industrial Process Furnace And Oven Market. Analysis And Forecast to 2025

Source: IndexBox AI Platform

Product coverage:

Industrial furnaces and ovens (excluding cremating ovens), and electric industrial heating equipment


The report provides on a comprehensive analysis of the U.S. industrial process furnace and oven market. It exhibits the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains current data on the biggest players in the industry.


Countries coverage: the U.S.


Companies mentioned:

ASC Process Systems,

Ipsen,

Indel,

Chromalox,

Linde Engineering North America Inc.,

Fives North American Combustion,

Verdun,

Tpi Corporation,

Durex International Corp.,

Seco/Warwick Corporation,

Harper International Corporation,

Heatron,

Tempco Electric Heater Corporation,

Al-Jon Manufacturing,

Laars Heating Systems Company,

Industrial Engineering and Equipment Company,

Warren Steel Holdings,

Schmid Thermal Systems,

Infratrol Manufacturing Corp.,

Belco Industries,

Ebner Furnaces,

Austin-Westran,

CMI Industry Americas Inc.,

I Cerco,

Inductotherm Corporation,

Backer Ehp,

C.A. Litzler Holding Company,

Despatch Industries Limited Partnership,

Rowan Technologies,

Watlow Electric Manufacturing Company,

T T X Holdings,

API Heat Transfer Thermasys Corporation


Data coverage:

• Industrial process furnace and oven market size;

• Industrial process furnace and oven production, value of shipments;

• Key market players and their profiles;

• Exports, imports and trade balance;

• Import and export prices;

• Forecast of the market dynamics in the medium term;

• Key industry statistics;

• Life cycle of the industrial process furnace and oven industry;

• Number of establishments and their locations;

• Employment data;

• Industrial process furnace and oven industry productivity.


Reasons to buy this report:

• Take advantage of the latest data;

• Find deeper insights into current market developments;

• Discover vital success factors affecting the market.


This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.


In this report, you can find information that helps you to make informed decisions on the following issues


1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion


While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2013–2018
Table 3:
Market Value, 2013–2018
Table 4:
Per Capita Consumption In 2013-2018
Table 5:
Imports, In Physical Terms, By Country, 2013–2018
Table 6:
Imports, In Value Terms, By Country, 2013–2018
Table 7:
Import Prices, By Country Of Origin, 2013–2018
Table 8:
Exports, In Physical Terms, By Country, 2013–2018
Table 9:
Exports, In Value Terms, By Country, 2013–2018
Table 10:
Export Prices, By Country Of Destination, 2013–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2018
Figure 2:
Market Value, 2013–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2018
Figure 5:
Trade Balance, In Physical Terms, 2013-2018
Figure 6:
Trade Balance, In Value Terms, 2013-2018
Figure 7:
Per Capita Consumption, 2013-2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2018
Figure 21:
Production, In Value Terms, 2013–2018
Figure 22:
Imports, In Physical Terms, 2013–2018
Figure 23:
Imports, In Value Terms, 2013–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2013–2018
Figure 26:
Imports, In Value Terms, By Country, 2013–2018
Figure 27:
Import Prices, By Country Of Origin, 2013–2018
Figure 28:
Exports, In Physical Terms, 2013–2018
Figure 29:
Exports, In Value Terms, 2013–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2013–2018
Figure 32:
Exports, In Value Terms, By Country, 2013–2018
Figure 33:
Export Prices, By Country Of Destination, 2013–2018
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