Global Heating Furnace Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Heating Furnace Industry Forecast” looks at past sales and reviews total world Heating Furnace sales in 2022, providing a comprehensive analysis by region and market sector of projected Heating Furnace sales for 2023 through 2029. With Heating Furnace sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heating Furnace industry.

This Insight Report provides a comprehensive analysis of the global Heating Furnace landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heating Furnace portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Heating Furnace market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heating Furnace and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heating Furnace.

The global Heating Furnace market size is projected to grow from US$ 5960.3 million in 2022 to US$ 7650.5 million in 2029; it is expected to grow at a CAGR of 7650.5 from 2023 to 2029.

Europe is the largest market with about 35% market share. China is follower, accounting for about 24% market share.

The key players are Andritz, Danieli, Tenova, ALD, Ipsen, Shenwu, SECO/WARWICK, Jiangsu Yanxin, Nachi-Fujikoshi, Changzhou Energy, Primetals Technologies, Aichelin Group, Inductotherm, CEC etc. Top 14 companies occupied about 45% market share.

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.

Market Segmentation:
Segmentation by type
    Combustion Type
    Electric Type

Segmentation by application
    Metallurgy
    Petrochemical Industry
    Material Handling
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Andritz
    Danieli
    Tenova
    ALD
    Ipsen
    Shenwu
    SECO/WARWICK
    Jiangsu Yanxin
    Nachi-Fujikoshi
    Changzhou Energy
    Primetals Technologies
    Aichelin Group
    Inductotherm
    CEC

Key Questions Addressed in this Report
What is the 10-year outlook for the global Heating Furnace market?
What factors are driving Heating Furnace market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Heating Furnace market opportunities vary by end market size?
How does Heating Furnace break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Heating Furnace Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Heating Furnace Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Combustion Type
    Table 4. Major Players of Electric Type
    Table 5. Global Heating Furnace Sales by Type (2018-2023) & (K Units)
    Table 6. Global Heating Furnace Sales Market Share by Type (2018-2023)
    Table 7. Global Heating Furnace Revenue by Type (2018-2023) & ($ million)
    Table 8. Global Heating Furnace Revenue Market Share by Type (2018-2023)
    Table 9. Global Heating Furnace Sale Price by Type (2018-2023) & (USD/Unit)
    Table 10. Global Heating Furnace Sales by Application (2018-2023) & (K Units)
    Table 11. Global Heating Furnace Sales Market Share by Application (2018-2023)
    Table 12. Global Heating Furnace Revenue by Application (2018-2023)
    Table 13. Global Heating Furnace Revenue Market Share by Application (2018-2023)
    Table 14. Global Heating Furnace Sale Price by Application (2018-2023) & (USD/Unit)
    Table 15. Global Heating Furnace Sales by Company (2018-2023) & (K Units)
    Table 16. Global Heating Furnace Sales Market Share by Company (2018-2023)
    Table 17. Global Heating Furnace Revenue by Company (2018-2023) ($ Millions)
    Table 18. Global Heating Furnace Revenue Market Share by Company (2018-2023)
    Table 19. Global Heating Furnace Sale Price by Company (2018-2023) & (USD/Unit)
    Table 20. Key Manufacturers Heating Furnace Producing Area Distribution and Sales Area
    Table 21. Players Heating Furnace Products Offered
    Table 22. Heating Furnace Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 23. New Products and Potential Entrants
    Table 24. Mergers & Acquisitions, Expansion
    Table 25. Global Heating Furnace Sales by Geographic Region (2018-2023) & (K Units)
    Table 26. Global Heating Furnace Sales Market Share Geographic Region (2018-2023)
    Table 27. Global Heating Furnace Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 28. Global Heating Furnace Revenue Market Share by Geographic Region (2018-2023)
    Table 29. Global Heating Furnace Sales by Country/Region (2018-2023) & (K Units)
    Table 30. Global Heating Furnace Sales Market Share by Country/Region (2018-2023)
    Table 31. Global Heating Furnace Revenue by Country/Region (2018-2023) & ($ millions)
    Table 32. Global Heating Furnace Revenue Market Share by Country/Region (2018-2023)
    Table 33. Americas Heating Furnace Sales by Country (2018-2023) & (K Units)
    Table 34. Americas Heating Furnace Sales Market Share by Country (2018-2023)
    Table 35. Americas Heating Furnace Revenue by Country (2018-2023) & ($ Millions)
    Table 36. Americas Heating Furnace Revenue Market Share by Country (2018-2023)
    Table 37. Americas Heating Furnace Sales by Type (2018-2023) & (K Units)
    Table 38. Americas Heating Furnace Sales by Application (2018-2023) & (K Units)
    Table 39. APAC Heating Furnace Sales by Region (2018-2023) & (K Units)
    Table 40. APAC Heating Furnace Sales Market Share by Region (2018-2023)
    Table 41. APAC Heating Furnace Revenue by Region (2018-2023) & ($ Millions)
    Table 42. APAC Heating Furnace Revenue Market Share by Region (2018-2023)
    Table 43. APAC Heating Furnace Sales by Type (2018-2023) & (K Units)
    Table 44. APAC Heating Furnace Sales by Application (2018-2023) & (K Units)
    Table 45. Europe Heating Furnace Sales by Country (2018-2023) & (K Units)
    Table 46. Europe Heating Furnace Sales Market Share by Country (2018-2023)
    Table 47. Europe Heating Furnace Revenue by Country (2018-2023) & ($ Millions)
    Table 48. Europe Heating Furnace Revenue Market Share by Country (2018-2023)
    Table 49. Europe Heating Furnace Sales by Type (2018-2023) & (K Units)
    Table 50. Europe Heating Furnace Sales by Application (2018-2023) & (K Units)
    Table 51. Middle East & Africa Heating Furnace Sales by Country (2018-2023) & (K Units)
    Table 52. Middle East & Africa Heating Furnace Sales Market Share by Country (2018-2023)
    Table 53. Middle East & Africa Heating Furnace Revenue by Country (2018-2023) & ($ Millions)
    Table 54. Middle East & Africa Heating Furnace Revenue Market Share by Country (2018-2023)
    Table 55. Middle East & Africa Heating Furnace Sales by Type (2018-2023) & (K Units)
    Table 56. Middle East & Africa Heating Furnace Sales by Application (2018-2023) & (K Units)
    Table 57. Key Market Drivers & Growth Opportunities of Heating Furnace
    Table 58. Key Market Challenges & Risks of Heating Furnace
    Table 59. Key Industry Trends of Heating Furnace
    Table 60. Heating Furnace Raw Material
    Table 61. Key Suppliers of Raw Materials
    Table 62. Heating Furnace Distributors List
    Table 63. Heating Furnace Customer List
    Table 64. Global Heating Furnace Sales Forecast by Region (2024-2029) & (K Units)
    Table 65. Global Heating Furnace Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 66. Americas Heating Furnace Sales Forecast by Country (2024-2029) & (K Units)
    Table 67. Americas Heating Furnace Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 68. APAC Heating Furnace Sales Forecast by Region (2024-2029) & (K Units)
    Table 69. APAC Heating Furnace Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 70. Europe Heating Furnace Sales Forecast by Country (2024-2029) & (K Units)
    Table 71. Europe Heating Furnace Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 72. Middle East & Africa Heating Furnace Sales Forecast by Country (2024-2029) & (K Units)
    Table 73. Middle East & Africa Heating Furnace Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Global Heating Furnace Sales Forecast by Type (2024-2029) & (K Units)
    Table 75. Global Heating Furnace Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 76. Global Heating Furnace Sales Forecast by Application (2024-2029) & (K Units)
    Table 77. Global Heating Furnace Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 78. Andritz Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 79. Andritz Heating Furnace Product Portfolios and Specifications
    Table 80. Andritz Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 81. Andritz Main Business
    Table 82. Andritz Latest Developments
    Table 83. Danieli Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 84. Danieli Heating Furnace Product Portfolios and Specifications
    Table 85. Danieli Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 86. Danieli Main Business
    Table 87. Danieli Latest Developments
    Table 88. Tenova Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 89. Tenova Heating Furnace Product Portfolios and Specifications
    Table 90. Tenova Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 91. Tenova Main Business
    Table 92. Tenova Latest Developments
    Table 93. ALD Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 94. ALD Heating Furnace Product Portfolios and Specifications
    Table 95. ALD Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 96. ALD Main Business
    Table 97. ALD Latest Developments
    Table 98. Ipsen Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 99. Ipsen Heating Furnace Product Portfolios and Specifications
    Table 100. Ipsen Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 101. Ipsen Main Business
    Table 102. Ipsen Latest Developments
    Table 103. Shenwu Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 104. Shenwu Heating Furnace Product Portfolios and Specifications
    Table 105. Shenwu Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 106. Shenwu Main Business
    Table 107. Shenwu Latest Developments
    Table 108. SECO/WARWICK Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 109. SECO/WARWICK Heating Furnace Product Portfolios and Specifications
    Table 110. SECO/WARWICK Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 111. SECO/WARWICK Main Business
    Table 112. SECO/WARWICK Latest Developments
    Table 113. Jiangsu Yanxin Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 114. Jiangsu Yanxin Heating Furnace Product Portfolios and Specifications
    Table 115. Jiangsu Yanxin Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 116. Jiangsu Yanxin Main Business
    Table 117. Jiangsu Yanxin Latest Developments
    Table 118. Nachi-Fujikoshi Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 119. Nachi-Fujikoshi Heating Furnace Product Portfolios and Specifications
    Table 120. Nachi-Fujikoshi Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 121. Nachi-Fujikoshi Main Business
    Table 122. Nachi-Fujikoshi Latest Developments
    Table 123. Changzhou Energy Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 124. Changzhou Energy Heating Furnace Product Portfolios and Specifications
    Table 125. Changzhou Energy Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 126. Changzhou Energy Main Business
    Table 127. Changzhou Energy Latest Developments
    Table 128. Primetals Technologies Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 129. Primetals Technologies Heating Furnace Product Portfolios and Specifications
    Table 130. Primetals Technologies Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 131. Primetals Technologies Main Business
    Table 132. Primetals Technologies Latest Developments
    Table 133. Aichelin Group Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 134. Aichelin Group Heating Furnace Product Portfolios and Specifications
    Table 135. Aichelin Group Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 136. Aichelin Group Main Business
    Table 137. Aichelin Group Latest Developments
    Table 138. Inductotherm Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 139. Inductotherm Heating Furnace Product Portfolios and Specifications
    Table 140. Inductotherm Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 141. Inductotherm Main Business
    Table 142. Inductotherm Latest Developments
    Table 143. CEC Basic Information, Heating Furnace Manufacturing Base, Sales Area and Its Competitors
    Table 144. CEC Heating Furnace Product Portfolios and Specifications
    Table 145. CEC Heating Furnace Sales (K Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2018-2023)
    Table 146. CEC Main Business
    Table 147. CEC Latest Developments
List of Figures
    Figure 1. Picture of Heating Furnace
    Figure 2. Heating Furnace Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Heating Furnace Sales Growth Rate 2018-2029 (K Units)
    Figure 7. Global Heating Furnace Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Heating Furnace Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Combustion Type
    Figure 10. Product Picture of Electric Type
    Figure 11. Global Heating Furnace Sales Market Share by Type in 2022
    Figure 12. Global Heating Furnace Revenue Market Share by Type (2018-2023)
    Figure 13. Heating Furnace Consumed in Metallurgy
    Figure 14. Global Heating Furnace Market: Metallurgy (2018-2023) & (K Units)
    Figure 15. Heating Furnace Consumed in Petrochemical Industry
    Figure 16. Global Heating Furnace Market: Petrochemical Industry (2018-2023) & (K Units)
    Figure 17. Heating Furnace Consumed in Material Handling
    Figure 18. Global Heating Furnace Market: Material Handling (2018-2023) & (K Units)
    Figure 19. Heating Furnace Consumed in Others
    Figure 20. Global Heating Furnace Market: Others (2018-2023) & (K Units)
    Figure 21. Global Heating Furnace Sales Market Share by Application (2022)
    Figure 22. Global Heating Furnace Revenue Market Share by Application in 2022
    Figure 23. Heating Furnace Sales Market by Company in 2022 (K Units)
    Figure 24. Global Heating Furnace Sales Market Share by Company in 2022
    Figure 25. Heating Furnace Revenue Market by Company in 2022 ($ Million)
    Figure 26. Global Heating Furnace Revenue Market Share by Company in 2022
    Figure 27. Global Heating Furnace Sales Market Share by Geographic Region (2018-2023)
    Figure 28. Global Heating Furnace Revenue Market Share by Geographic Region in 2022
    Figure 29. Americas Heating Furnace Sales 2018-2023 (K Units)
    Figure 30. Americas Heating Furnace Revenue 2018-2023 ($ Millions)
    Figure 31. APAC Heating Furnace Sales 2018-2023 (K Units)
    Figure 32. APAC Heating Furnace Revenue 2018-2023 ($ Millions)
    Figure 33. Europe Heating Furnace Sales 2018-2023 (K Units)
    Figure 34. Europe Heating Furnace Revenue 2018-2023 ($ Millions)
    Figure 35. Middle East & Africa Heating Furnace Sales 2018-2023 (K Units)
    Figure 36. Middle East & Africa Heating Furnace Revenue 2018-2023 ($ Millions)
    Figure 37. Americas Heating Furnace Sales Market Share by Country in 2022
    Figure 38. Americas Heating Furnace Revenue Market Share by Country in 2022
    Figure 39. Americas Heating Furnace Sales Market Share by Type (2018-2023)
    Figure 40. Americas Heating Furnace Sales Market Share by Application (2018-2023)
    Figure 41. United States Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 42. Canada Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 43. Mexico Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 44. Brazil Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 45. APAC Heating Furnace Sales Market Share by Region in 2022
    Figure 46. APAC Heating Furnace Revenue Market Share by Regions in 2022
    Figure 47. APAC Heating Furnace Sales Market Share by Type (2018-2023)
    Figure 48. APAC Heating Furnace Sales Market Share by Application (2018-2023)
    Figure 49. China Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 50. Japan Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 51. South Korea Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 52. Southeast Asia Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 53. India Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 54. Australia Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 55. China Taiwan Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 56. Europe Heating Furnace Sales Market Share by Country in 2022
    Figure 57. Europe Heating Furnace Revenue Market Share by Country in 2022
    Figure 58. Europe Heating Furnace Sales Market Share by Type (2018-2023)
    Figure 59. Europe Heating Furnace Sales Market Share by Application (2018-2023)
    Figure 60. Germany Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 61. France Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 62. UK Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 63. Italy Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 64. Russia Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 65. Middle East & Africa Heating Furnace Sales Market Share by Country in 2022
    Figure 66. Middle East & Africa Heating Furnace Revenue Market Share by Country in 2022
    Figure 67. Middle East & Africa Heating Furnace Sales Market Share by Type (2018-2023)
    Figure 68. Middle East & Africa Heating Furnace Sales Market Share by Application (2018-2023)
    Figure 69. Egypt Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 70. South Africa Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Israel Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 72. Turkey Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 73. GCC Country Heating Furnace Revenue Growth 2018-2023 ($ Millions)
    Figure 74. Manufacturing Cost Structure Analysis of Heating Furnace in 2022
    Figure 75. Manufacturing Process Analysis of Heating Furnace
    Figure 76. Industry Chain Structure of Heating Furnace
    Figure 77. Channels of Distribution
    Figure 78. Global Heating Furnace Sales Market Forecast by Region (2024-2029)
    Figure 79. Global Heating Furnace Revenue Market Share Forecast by Region (2024-2029)
    Figure 80. Global Heating Furnace Sales Market Share Forecast by Type (2024-2029)
    Figure 81. Global Heating Furnace Revenue Market Share Forecast by Type (2024-2029)
    Figure 82. Global Heating Furnace Sales Market Share Forecast by Application (2024-2029)
    Figure 83. Global Heating Furnace Revenue Market Share Forecast by Application (2024-2029)

Andritz
Danieli
Tenova
ALD
Ipsen
Shenwu
SECO/WARWICK
Jiangsu Yanxin
Nachi-Fujikoshi
Changzhou Energy
Primetals Technologies
Aichelin Group
Inductotherm
CEC

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape