Global Industrial Furnace Market Size & Outlook, 2025-2030
Global industrial furnace market, 2018-2030 (US$M)
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Global industrial furnace market highlights
- The global industrial furnace market generated a revenue of USD 12,168.3 million in 2024 and is expected to reach USD 15,762.5 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 4.5% by 2030.
- In terms of segment, electric arc furnaces accounted for a revenue of USD 3,766.9 million in 2024.
- Blast Furnace is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 12,168.3 million |
| Market revenue in 2030 | USD 15,762.5 million |
| Growth rate | 4.5% (CAGR from 2025 to 2030) |
| Largest segment | Electric arc furnaces |
| Fastest growing segment | Blast Furnace |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blast Furnace, Induction Furnaces, Electric Arc Furnaces, Vacuum Furnaces, Walking Beam Furnaces, Other Type |
Other key industry trends
- In terms of revenue, the North America accounted for 17.7% of the global industrial furnace market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 3,693.4 million by 2030.
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Industrial Furnace Market Scope
Industrial Furnace Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Silcarb Recrystallized | View profile | 1-10 | Bangalore, Karnataka, India, Asia | http://www.silcarb.com |
| Maharith Thermal | View profile | 11-50 | Chennai, Tamil Nadu, India, Asia | https://www.maharith.in/ |
| Carbolite Gero | View profile | 1001-5000 | Hope, Derbyshire, United Kingdom, Europe | https://www.carbolite-gero.com/ |
| Lindbergh | View profile | 11-50 | Lucca, Toscana, Italy, Europe | https://www.lindberghweb.it |
| Abbott & Co | View profile | 11-50 | Newark, Nottinghamshire, United Kingdom, Europe | https://www.air-receivers.co.uk |
| CEC Theatres | View profile | 11-50 | Waite Park, Minnesota, United States, North America | https://cectheatres.com/ |
| NUtech Ventures | View profile | 11-50 | Lincoln, Nebraska, United States, North America | http://www.nutechventures.org/ |
| Andritz AG | View profile | 29717 | Stattegger Strasse 18, Graz, Austria, 8045 | https://www.andritz.com |
| SECO | View profile | 501-1000 | Arezzo, Toscana, Italy, Europe | https://www.seco.com/it |
| PVH Corp | View profile | 29000 | 285 Madison Avenue, New York, NY, United States, 10017 | https://www.pvh.com |
Global industrial furnace market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial furnace market will help companies and investors design strategic landscapes.
Electric arc furnaces was the largest segment with a revenue share of 30.96% in 2024. Horizon Databook has segmented the Global industrial furnace market based on blast furnace, induction furnaces, electric arc furnaces, vacuum furnaces, walking beam furnaces, other type covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Industrial Furnace Type Outlook (Revenue, USD Million, 2018-2030)
- Blast Furnace
- Induction Furnaces
- Electric Arc Furnaces
- Vacuum Furnaces
- Walking Beam Furnaces
- Other Type
- Global Industrial Furnace Fuel Type Outlook (Revenue, USD Million, 2018-2030)
- Electrical
- Fossil fuel
- Global Industrial Furnace Application Outlook (Revenue, USD Million, 2018-2030)
- Forging
- Heat Treatment
- Melting
- Sintering
- Other Application
- Global Industrial Furnace Throughput Rate Outlook (Revenue, USD Million, 2018-2030)
- Upto 10 Tons
- 10 to 50 Tons
- Above 50 Tons
- Global Industrial Furnace Operation Rate Outlook (Revenue, USD Million, 2018-2030)
- Batch type furnaces
- Metallurgy and Steel
- Glass Manufacturing
- Ceramics
- Automotive
- Aerospace and Defense
- Other Batch type furnaces
- Continuous furnaces
- Metallurgy and Steel
- Glass Manufacturing
- Ceramics
- Automotive
- Aerospace and Defense
- Other Continuous furnaces
- Batch type furnaces
- Global Industrial Furnace End Use Outlook (Revenue, USD Million, 2018-2030)
- Metallurgy and Steel
- Glass Manufacturing
- Ceramics
- Automotive
- Aerospace and Defense
- Other End Use
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Target buyers of Global industrial furnace market databook
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Our clientele includes a mix of industrial furnace market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial furnace market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial furnace market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global industrial furnace market size, by regions, 2018-2030 (US$M)
Top 10 countries: Industrial furnace market size, 2024 (US$M)
Global industrial furnace market share, by type, 2024 & 2030 (%, US$M)
Industrial furnace market: Opportunity assessment by country
Global industrial furnace market, by region, 2024 (US$M)
Related statistics
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