Research and Market has forecasted the industrial oven and furnace market to have a nearly 5% compound annual growth rate (CAGR) by 2031. In a similar report by Report Mines, they are in agreement that the industrial oven and furnace market is expected to have continued growth.
The 153-page Report Mines report, specifically studied the industrial oven and furnace market by product type, material, application, sales channel, and region including:
Product Type
- Curing Ovens
- Baking Ovens
- Drying Ovens
- Reflow
- Other
Application
- Food production and processing
- Chemical processing
- Electricals & electronics
- Pharmaceuticals
- Automotive and aerospace
- Other
Region
- North America: the United States and Canada
- Europe: Germany, France, United Kingdom, Italy, Russia
- Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia
- Latin America: Mexico, Brazil, Argentina, Colombia
- Middle East & Africa: Turkey, Saudi Arabia, United Arab Emirates (UAE), Korea.
It also listed the top companies in the industry. JPW Industrial Ovens and Furnaces was included on that list.
“For a company in Trout Run, Pennsylvania, to be on a global list of this nature is a great achievement,” states Mike Jameson with JPW Ovens and Furnaces. “When we decided to launch the company nearly twenty years ago, in 2004, we knew we wanted to become successful just like all entrepreneurs. But putting a small town on a global map – that’s no small feat!”
Additionally, the report shares how COVID-19 has favorably impacted the industrial oven and furnace industry, identifies a thorough analysis of global market trends, market size, and market share, interprets data it has collected, identifies new marketing opportunities and promotional plans as well as discusses the industrial oven market share and its future potential of developing new products in line with current market demands.
To purchase the full report, click here.
With over 100 years of combined experience serving industrial markets with innovative oven products, design solutions, and competitive services, when planning to purchase a continuous process, conveyor, batch, walk-in, lab, bench, or heat-treating oven, let JPW help. We are skilled at finding solutions and crafting each oven to suit your unique needs while keeping you competitive in the marketplace.