Industrial furnace are the thermal enclosures in which raw materials, both solid state and liquid state, are treated at high temperatures. They reach higher processing temperatures in comparison with open-air systems. Metals, glass, cements, refractories, ceramic, plastic and fiber all these sectors are flourishing with the ever growing demand for each and every industry thus mentioned. However, this factor will also drive the industrial furnace market each year. After the introduction of industry 4.0 and IIoT (Industrial Internet of Things), the industrial furnace market is likely to grow in the coming years.
MARKET DYNAMICS
With the rising demand for metals across various sectors including but not limiting to automobiles, rail roads and metallurgy, ornaments, bridges, buildings and several other things are being manufactured and constructed. This demands for more and more industries to be set up to quench the rising demand which further rises the demand for industrial furnaces market. The restraint for the industrial furnace market lies in the reason that industrial furnaces are considered as one time investments for any plant which have a long life of 10 to 15 years thus having a stumpy product replacement rate. Secondly, most of the countries are well equipped with adequate industries and less number of manufacturing facilities have been set up in the last decade and is expected to have a prolonged effect in the forecast period thus acting as a deterrent for the industrial furnace market .
MARKET SCOPE
The "Global Industrial Furnace Analysis to 2031" is a specialized and in-depth study of Industrial Furnace market with a special focus on the global market trend analysis. The report aims to provide an overview of Industrial Furnace market with detailed market segmentation by arrangement, operation, application, structure, and end-user. The global Industrial Furnace market is expected to witness high growth during the forecast period. The report provides key statistics on the Industrial Furnace market and offers key trends and opportunities in energy sector.
MARKET SEGMENTATION
The Industrial Furnace market is segmented on the basis of arrangement, operation, application, structure, and end-user. On the basis of arrangement, market is segmented as tube or clamshell type, box type, car bottom type. On the basis of operation, market is segmented as gas/burner operated, electrically operated. On the basis of application, market is segmented as atmosphere, vacuum. On the basis of structure, market is segmented as batch, continuous. On the basis of end-user, market is segmented as automotive, oil and gas, metallurgy, steel and iron, and food processing.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Industrial Furnace market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The global Industrial Furnace by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting Industrial Furnace market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the Industrial Furnace in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Industrial Furnace market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The global Industrial Furnace by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting Industrial Furnace market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the Industrial Furnace in these regions.
MARKET PLAYERS
The reports cover key developments in the Industrial Furnace market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Industrial Furnace market are anticipated to lucrative growth opportunities in the future with the rising demand for Industrial Furnace in the global market. Below mentioned is the list of few companies engaged in the Industrial Furnace market.
The report also includes the profiles of Industrial Furnace companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ANDRITZ
- Babcock and Wilcox Enterprises
- Epcon Industrial Systems, LP
- International Thermal Systems
- Industrial Furnace Company
- Nutec Bickley
- L&L Special Furnace Co., Inc.
- Thermcraft, Inc.
- SCHMIDT + CLEMENS GMBH + CO. KG
- LÖCHER Industrieofen CO. KG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Industrial Furnaces Market - By Arrangement
1.3.2 Industrial Furnaces Market - By Operation
1.3.3 Industrial Furnaces Market - By Application
1.3.4 Industrial Furnaces Market - By Structure
1.3.5 Industrial Furnaces Market - By End-User
1.3.6 Industrial Furnaces Market - By Region
1.3.6.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL FURNACES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. INDUSTRIAL FURNACES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. INDUSTRIAL FURNACES MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL FURNACES - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL FURNACES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL FURNACES MARKET - REVENUE AND FORECASTS TO 2028 - ARRANGEMENT
7.1. OVERVIEW
7.2. ARRANGEMENT MARKET FORECASTS AND ANALYSIS
7.3. TUBE OR CLAMSHELL TYPE
7.3.1. Overview
7.3.2. Tube or Clamshell Type Market Forecast and Analysis
7.4. BOX TYPE
7.4.1. Overview
7.4.2. Box Type Market Forecast and Analysis
7.5. CAR BOTTOM TYPE
7.5.1. Overview
7.5.2. Car Bottom Type Market Forecast and Analysis
8. INDUSTRIAL FURNACES MARKET - REVENUE AND FORECASTS TO 2028 - OPERATION
8.1. OVERVIEW
8.2. OPERATION MARKET FORECASTS AND ANALYSIS
8.3. GAS/BURNER OPERATED
8.3.1. Overview
8.3.2. Gas/Burner Operated Market Forecast and Analysis
8.4. ELECTRICALLY OPERATED
8.4.1. Overview
8.4.2. Electrically Operated Market Forecast and Analysis
9. INDUSTRIAL FURNACES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. ATMOSPHERE
9.3.1. Overview
9.3.2. Atmosphere Market Forecast and Analysis
9.4. VACUUM
9.4.1. Overview
9.4.2. Vacuum Market Forecast and Analysis
10. INDUSTRIAL FURNACES MARKET - REVENUE AND FORECASTS TO 2028 - STRUCTURE
10.1. OVERVIEW
10.2. STRUCTURE MARKET FORECASTS AND ANALYSIS
10.3. BATCH
10.3.1. Overview
10.3.2. Batch Market Forecast and Analysis
10.4. CONTINOUS
10.4.1. Overview
10.4.2. Continous Market Forecast and Analysis
11. INDUSTRIAL FURNACES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
11.1. OVERVIEW
11.2. END-USER MARKET FORECASTS AND ANALYSIS
11.3. AUTOMOTIVE
11.3.1. Overview
11.3.2. Automotive Market Forecast and Analysis
11.4. OIL AND GAS
11.4.1. Overview
11.4.2. Oil and Gas Market Forecast and Analysis
11.5. METALLURGY
11.5.1. Overview
11.5.2. Metallurgy Market Forecast and Analysis
11.6. STEEL AND IRON
11.6.1. Overview
11.6.2. Steel and Iron Market Forecast and Analysis
11.7. FOOD PROCESSING
11.7.1. Overview
11.7.2. Food Processing Market Forecast and Analysis
12. INDUSTRIAL FURNACES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Industrial Furnaces Market Overview
12.1.2 North America Industrial Furnaces Market Forecasts and Analysis
12.1.3 North America Industrial Furnaces Market Forecasts and Analysis - By Arrangement
12.1.4 North America Industrial Furnaces Market Forecasts and Analysis - By Operation
12.1.5 North America Industrial Furnaces Market Forecasts and Analysis - By Application
12.1.6 North America Industrial Furnaces Market Forecasts and Analysis - By Structure
12.1.7 North America Industrial Furnaces Market Forecasts and Analysis - By End-User
12.1.8 North America Industrial Furnaces Market Forecasts and Analysis - By Countries
12.1.8.1 United States Industrial Furnaces Market
12.1.8.1.1 United States Industrial Furnaces Market by Arrangement
12.1.8.1.2 United States Industrial Furnaces Market by Operation
12.1.8.1.3 United States Industrial Furnaces Market by Application
12.1.8.1.4 United States Industrial Furnaces Market by Structure
12.1.8.1.5 United States Industrial Furnaces Market by End-User
12.1.8.2 Canada Industrial Furnaces Market
12.1.8.2.1 Canada Industrial Furnaces Market by Arrangement
12.1.8.2.2 Canada Industrial Furnaces Market by Operation
12.1.8.2.3 Canada Industrial Furnaces Market by Application
12.1.8.2.4 Canada Industrial Furnaces Market by Structure
12.1.8.2.5 Canada Industrial Furnaces Market by End-User
12.1.8.3 Mexico Industrial Furnaces Market
12.1.8.3.1 Mexico Industrial Furnaces Market by Arrangement
12.1.8.3.2 Mexico Industrial Furnaces Market by Operation
12.1.8.3.3 Mexico Industrial Furnaces Market by Application
12.1.8.3.4 Mexico Industrial Furnaces Market by Structure
12.1.8.3.5 Mexico Industrial Furnaces Market by End-User
12.2. EUROPE
12.2.1 Europe Industrial Furnaces Market Overview
12.2.2 Europe Industrial Furnaces Market Forecasts and Analysis
12.2.3 Europe Industrial Furnaces Market Forecasts and Analysis - By Arrangement
12.2.4 Europe Industrial Furnaces Market Forecasts and Analysis - By Operation
12.2.5 Europe Industrial Furnaces Market Forecasts and Analysis - By Application
12.2.6 Europe Industrial Furnaces Market Forecasts and Analysis - By Structure
12.2.7 Europe Industrial Furnaces Market Forecasts and Analysis - By End-User
12.2.8 Europe Industrial Furnaces Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Industrial Furnaces Market
12.2.8.1.1 Germany Industrial Furnaces Market by Arrangement
12.2.8.1.2 Germany Industrial Furnaces Market by Operation
12.2.8.1.3 Germany Industrial Furnaces Market by Application
12.2.8.1.4 Germany Industrial Furnaces Market by Structure
12.2.8.1.5 Germany Industrial Furnaces Market by End-User
12.2.8.2 France Industrial Furnaces Market
12.2.8.2.1 France Industrial Furnaces Market by Arrangement
12.2.8.2.2 France Industrial Furnaces Market by Operation
12.2.8.2.3 France Industrial Furnaces Market by Application
12.2.8.2.4 France Industrial Furnaces Market by Structure
12.2.8.2.5 France Industrial Furnaces Market by End-User
12.2.8.3 Italy Industrial Furnaces Market
12.2.8.3.1 Italy Industrial Furnaces Market by Arrangement
12.2.8.3.2 Italy Industrial Furnaces Market by Operation
12.2.8.3.3 Italy Industrial Furnaces Market by Application
12.2.8.3.4 Italy Industrial Furnaces Market by Structure
12.2.8.3.5 Italy Industrial Furnaces Market by End-User
12.2.8.4 United Kingdom Industrial Furnaces Market
12.2.8.4.1 United Kingdom Industrial Furnaces Market by Arrangement
12.2.8.4.2 United Kingdom Industrial Furnaces Market by Operation
12.2.8.4.3 United Kingdom Industrial Furnaces Market by Application
12.2.8.4.4 United Kingdom Industrial Furnaces Market by Structure
12.2.8.4.5 United Kingdom Industrial Furnaces Market by End-User
12.2.8.5 Russia Industrial Furnaces Market
12.2.8.5.1 Russia Industrial Furnaces Market by Arrangement
12.2.8.5.2 Russia Industrial Furnaces Market by Operation
12.2.8.5.3 Russia Industrial Furnaces Market by Application
12.2.8.5.4 Russia Industrial Furnaces Market by Structure
12.2.8.5.5 Russia Industrial Furnaces Market by End-User
12.2.8.6 Rest of Europe Industrial Furnaces Market
12.2.8.6.1 Rest of Europe Industrial Furnaces Market by Arrangement
12.2.8.6.2 Rest of Europe Industrial Furnaces Market by Operation
12.2.8.6.3 Rest of Europe Industrial Furnaces Market by Application
12.2.8.6.4 Rest of Europe Industrial Furnaces Market by Structure
12.2.8.6.5 Rest of Europe Industrial Furnaces Market by End-User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Industrial Furnaces Market Overview
12.3.2 Asia-Pacific Industrial Furnaces Market Forecasts and Analysis
12.3.3 Asia-Pacific Industrial Furnaces Market Forecasts and Analysis - By Arrangement
12.3.4 Asia-Pacific Industrial Furnaces Market Forecasts and Analysis - By Operation
12.3.5 Asia-Pacific Industrial Furnaces Market Forecasts and Analysis - By Application
12.3.6 Asia-Pacific Industrial Furnaces Market Forecasts and Analysis - By Structure
12.3.7 Asia-Pacific Industrial Furnaces Market Forecasts and Analysis - By End-User
12.3.8 Asia-Pacific Industrial Furnaces Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Industrial Furnaces Market
12.3.8.1.1 Australia Industrial Furnaces Market by Arrangement
12.3.8.1.2 Australia Industrial Furnaces Market by Operation
12.3.8.1.3 Australia Industrial Furnaces Market by Application
12.3.8.1.4 Australia Industrial Furnaces Market by Structure
12.3.8.1.5 Australia Industrial Furnaces Market by End-User
12.3.8.2 China Industrial Furnaces Market
12.3.8.2.1 China Industrial Furnaces Market by Arrangement
12.3.8.2.2 China Industrial Furnaces Market by Operation
12.3.8.2.3 China Industrial Furnaces Market by Application
12.3.8.2.4 China Industrial Furnaces Market by Structure
12.3.8.2.5 China Industrial Furnaces Market by End-User
12.3.8.3 India Industrial Furnaces Market
12.3.8.3.1 India Industrial Furnaces Market by Arrangement
12.3.8.3.2 India Industrial Furnaces Market by Operation
12.3.8.3.3 India Industrial Furnaces Market by Application
12.3.8.3.4 India Industrial Furnaces Market by Structure
12.3.8.3.5 India Industrial Furnaces Market by End-User
12.3.8.4 Japan Industrial Furnaces Market
12.3.8.4.1 Japan Industrial Furnaces Market by Arrangement
12.3.8.4.2 Japan Industrial Furnaces Market by Operation
12.3.8.4.3 Japan Industrial Furnaces Market by Application
12.3.8.4.4 Japan Industrial Furnaces Market by Structure
12.3.8.4.5 Japan Industrial Furnaces Market by End-User
12.3.8.5 South Korea Industrial Furnaces Market
12.3.8.5.1 South Korea Industrial Furnaces Market by Arrangement
12.3.8.5.2 South Korea Industrial Furnaces Market by Operation
12.3.8.5.3 South Korea Industrial Furnaces Market by Application
12.3.8.5.4 South Korea Industrial Furnaces Market by Structure
12.3.8.5.5 South Korea Industrial Furnaces Market by End-User
12.3.8.6 Rest of Asia-Pacific Industrial Furnaces Market
12.3.8.6.1 Rest of Asia-Pacific Industrial Furnaces Market by Arrangement
12.3.8.6.2 Rest of Asia-Pacific Industrial Furnaces Market by Operation
12.3.8.6.3 Rest of Asia-Pacific Industrial Furnaces Market by Application
12.3.8.6.4 Rest of Asia-Pacific Industrial Furnaces Market by Structure
12.3.8.6.5 Rest of Asia-Pacific Industrial Furnaces Market by End-User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Industrial Furnaces Market Overview
12.4.2 Middle East and Africa Industrial Furnaces Market Forecasts and Analysis
12.4.3 Middle East and Africa Industrial Furnaces Market Forecasts and Analysis - By Arrangement
12.4.4 Middle East and Africa Industrial Furnaces Market Forecasts and Analysis - By Operation
12.4.5 Middle East and Africa Industrial Furnaces Market Forecasts and Analysis - By Application
12.4.6 Middle East and Africa Industrial Furnaces Market Forecasts and Analysis - By Structure
12.4.7 Middle East and Africa Industrial Furnaces Market Forecasts and Analysis - By End-User
12.4.8 Middle East and Africa Industrial Furnaces Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Industrial Furnaces Market
12.4.8.1.1 South Africa Industrial Furnaces Market by Arrangement
12.4.8.1.2 South Africa Industrial Furnaces Market by Operation
12.4.8.1.3 South Africa Industrial Furnaces Market by Application
12.4.8.1.4 South Africa Industrial Furnaces Market by Structure
12.4.8.1.5 South Africa Industrial Furnaces Market by End-User
12.4.8.2 Saudi Arabia Industrial Furnaces Market
12.4.8.2.1 Saudi Arabia Industrial Furnaces Market by Arrangement
12.4.8.2.2 Saudi Arabia Industrial Furnaces Market by Operation
12.4.8.2.3 Saudi Arabia Industrial Furnaces Market by Application
12.4.8.2.4 Saudi Arabia Industrial Furnaces Market by Structure
12.4.8.2.5 Saudi Arabia Industrial Furnaces Market by End-User
12.4.8.3 U.A.E Industrial Furnaces Market
12.4.8.3.1 U.A.E Industrial Furnaces Market by Arrangement
12.4.8.3.2 U.A.E Industrial Furnaces Market by Operation
12.4.8.3.3 U.A.E Industrial Furnaces Market by Application
12.4.8.3.4 U.A.E Industrial Furnaces Market by Structure
12.4.8.3.5 U.A.E Industrial Furnaces Market by End-User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Industrial Furnaces Market Overview
12.5.2 South and Central America Industrial Furnaces Market Forecasts and Analysis
12.5.3 South and Central America Industrial Furnaces Market Forecasts and Analysis - By Arrangement
12.5.4 South and Central America Industrial Furnaces Market Forecasts and Analysis - By Operation
12.5.5 South and Central America Industrial Furnaces Market Forecasts and Analysis - By Application
12.5.6 South and Central America Industrial Furnaces Market Forecasts and Analysis - By Structure
12.5.7 South and Central America Industrial Furnaces Market Forecasts and Analysis - By End-User
12.5.8 South and Central America Industrial Furnaces Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Industrial Furnaces Market
12.5.8.1.1 Brazil Industrial Furnaces Market by Arrangement
12.5.8.1.2 Brazil Industrial Furnaces Market by Operation
12.5.8.1.3 Brazil Industrial Furnaces Market by Application
12.5.8.1.4 Brazil Industrial Furnaces Market by Structure
12.5.8.1.5 Brazil Industrial Furnaces Market by End-User
12.5.8.2 Argentina Industrial Furnaces Market
12.5.8.2.1 Argentina Industrial Furnaces Market by Arrangement
12.5.8.2.2 Argentina Industrial Furnaces Market by Operation
12.5.8.2.3 Argentina Industrial Furnaces Market by Application
12.5.8.2.4 Argentina Industrial Furnaces Market by Structure
12.5.8.2.5 Argentina Industrial Furnaces Market by End-User
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. INDUSTRIAL FURNACES MARKET, KEY COMPANY PROFILES
14.1. ANDRITZ
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. BABCOCK AND WILCOX ENTERPRISES
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. EPCON INDUSTRIAL SYSTEMS, LP
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. INTERNATIONAL THERMAL SYSTEMS
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. INDUSTRIAL FURNACE COMPANY
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. NUTEC BICKLEY
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. L&L SPECIAL FURNACE CO., INC.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. THERMCRAFT, INC.
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. SCHMIDT + CLEMENS GMBH + CO. KG
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. LÖCHER INDUSTRIEOFEN CO. KG
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. ANDRITZ
2. Babcock and Wilcox Enterprises
3. Epcon Industrial Systems, LP
4. International Thermal Systems
5. Industrial Furnace Company
6. Nutec Bickley
7. L&L Special Furnace Co., Inc.
8. Thermcraft, Inc.
9. SCHMIDT + CLEMENS GMBH + CO. KG
10. LÖCHER Industrieofen CO. KG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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