Rapid Growth in Metal & Steel Processing Industry to Drive the Furnace Market


Posted May 19, 2020 by industryprobe31

Rapid Growth in Metal & Steel Processing Industry to Drive the Furnace Market

 
“Furnace Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” is an upcoming market research report added by the analysts at Industry Probe. Furnace market report offers existing driving and limiting factors, consumer behavior & trends, and scope for opportunities that can help the strategists and companies.
The report is a result of a thorough secondary research as well as interviews with industry experts. Therefore, numbers are as close to accurate as they get and the information accessible in the report on the furnace market is easy to comprehend. Industry Probe analysts have included some of the major players operating in the furnace market along with information about revenue, strengths, opportunities, segmentation, competitive landscape and regional presence of the market players.
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As per the report from Industry Probe, the major drivers of the global furnace market are the rapid growth in metal and steel processing industry, end-users switching to modern techniques of heating, regional bodies implementing stringent laws to gain improvement in the environmental footprint, are also projected to positively impact the market. The report, however, has also mentioned some of the hindering factors restraining the market growth such as, the risk associated with handling of furnace, high price of furnace owing to specific designs, and unavailability of raw materials are some of the key factors hampering the market growth.
The report has segregated the global furnace market in terms of product type, stage, design, venting, efficiency, application, distribution channel, and geography. Based on product type, the global furnace market is segregated into electric, gas, and others. Based on stage, the furnace market is categorized into single-stage, two-stage, and modulating. Based on design, the market is segmented into the horizontal, and vertical. Based on venting, the market is segregated into non-direct vent, and direct vent. In terms of efficiency, the global furnace market is segmented into below 4,000 BTU, 40,001-60,000 BTU, 60,001-80,000 BTU, 80,000-110,000 BTU, and above 110,001 BTU. Based on application, the furnace market is segmented as industrial and households.
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Last Updated May 19, 2020