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DUBLIN, June 17, 2022 /PRNewswire/ — The “Industrial Oven Market by Product, Process, Heating Medium, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2022-2031” report has been added to ResearchAndMarkets.com’s offering.
The global industrial oven market size was valued at $9,422.1 million in 2020, and is projected to reach $15,967.7 million by 2031, registering a CAGR of 4.5% from 2022 to 2031. The food production & processing segment generated the highest revenue in 2020, and is projected to continue to dominate the market throughout the analysis period.
An industrial oven plays a strategic role in multiple high-tech industries such as electronics and chemicals. It is used to cure exotic materials in the laboratory so that ultra-light and super-strong materials can be processed, bake sand cores in the foundry to develop modern castings, mass-produce delightful pastries at commercial bakeries, preheat metals & other materials for anti-corrosion coatings, and function as diffusion furnaces for semiconductors used in computers.
Industrial batch ovens are generally used for drying/heating/baking/roasting/curing/ageing of chemicals, pharmaceuticals, food products, PVC, plastics, dyes, paints, painted equipment, PCB, paper pulp, compound, tobacco, abrasives, powder coating , asbestos, footwear, and various other products. These industrial ovens are provided with vertical hot air or cross air flow system to maintain a uniform temperature. Heat is generated by means of electric, infrared heaters, steam, thermic fluid, oil or gas fired system, and other sources.
The industrial oven market is segmented on the basis of product, process, heating medium, end-user industry, and region. On the basis of product, the market is classified into curing, baking, drying, and reflow ovens. On the basis of process, it is bifurcated into batch and continuous. Depending on heating medium, the market is categorized into electric heat, fuel- & gas-fired, infrared heaters, and others. The end-user industries analyzed in this study are food production & processing , chemical processing, electrical & electronics, automotive & aerospace, pharmaceuticals, and othersRegion wise, the market is studied across North America, Europe, Asia-Pacificand LAMEA.
Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. Key players profiled in the report include ASC Process Systems, Harper International, Eastman manufacturing ltd., Rowan Technologies, Wisconsin Oven Corporation., JPW Ovens & Furnaces, Davron Technologies, Grieve Corporation, JLS Ovens, and Steelman Industries, Inc.
Other market players (not profiled in report) in the value chain are Ali SpA, Duke Manufacturing Co. Inc., The Middleby Corporation, Alto-Shaam, Inc., Edward Don & Company, Fujimak Corporation, Avantco Equipment and Hobart Corporation.
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial oven market analysis from 2020 to 2031 to identify the prevailing market opportunities
- The market research is offered along with information related to key drivers, restraints, and industrial oven market opportunities
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and …
Full story available on Benzinga.com
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