U.S. Industrial Process Furnace And Oven Market. Analysis And Forecast to 2030
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View PricingU.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
This report provides an in-depth analysis of the market for industrial process furnace and oven in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 333994 - Industrial process furnace and oven manufacturing
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
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
