Industrial Furnace Market Size, Share & Industry Analysis, By Application (Metallurgy, Foundry, Metal Molding, and Others (Heat Treatment)), By Furnace Type (Electric furnaces, Gas or Fuel furnaces, Induction furnace, Vacuum Furnace, and Others (Muffle Furnace)), By End Users (Metals & Mining, Energy & Power, Oil & Chemicals, Transportation, and Others (Food Processing)), and Regional Forecast, 2025 – 2032

ATTRIBUTE

DETAILS

Study Period

2019-2032

Base Year

2024

Forecast Period

2025-2032

Historical Period

2019-2023

Growth Rate

CAGR of 6.0% from 2025 to 2032

Unit

Value (USD Billion)

Segmentation

By Application, Furnace Type, End Users, and Region

Segmentation

By Application

• Metallurgy
• Foundry
• Metal Molding
• Others (Heat Treatment)

By Furnace Type

• Electric furnaces
• Gas or Fuel furnaces
• Induction furnace
• Vacuum Furnace
• Others (Muffle Furnace)

By End Users

• Metals & Mining
• Energy & Power
• Oil & Chemicals
• Transportation
• Others (Food Processing)

By Region

• North America (By Application, Furnace Type, End Users, and Country)
  • U.S. (By End Users)
  • Canada (By End Users)
  • Mexico (By End Users)
• Europe (By Application, Furnace Type, End Users, and Country)
  • U.K. (By End Users)
  • Germany (By End Users)
  • France (By End Users)
  • Italy (By End Users)
  • Spain (By End Users)
  • Russia (By End Users)
  • Rest of Europe
• Asia Pacific (By Application, Furnace Type, End Users, and Country)
  • China (By End Users)
  • India (By End Users)
  • Japan (By End Users)
  • South Korea (By End Users)
  • ASEAN (By End Users)
  • Rest of Asia Pacific
• Middle East & Africa (By Application, Furnace Type, End Users, and Country)
  • Israel (By End Users)
  • GCC (By End Users)
  • South Africa (By End Users)
  • Rest of MEA
• South America (By Application, Furnace Type, End Users, and Country)
  • Brazil (By End Users)
  • Argentina (By End Users)
  • Rest of South America