Industrial Ovens are heated chambers used for a variety of industrial processes including drying, curing or baking components, parts or final products. It can be used in a variety of temperature ranges, sizes and configurations.
The global industrial oven market was USD 8978.61 million in 2018 and is estimated to reach USD 12952.18 million by 2025 at a CAGR of 5.37% during the forecast period
Growth by Region
Europe will be the fastest growing market during this forecast period followed by North America, Asia-Pacific, South America
Drivers vs. Constraints
The factors leading to the growth of the market are rapid increase in industrialization, replacement of furnace ovens by industrial ovens for the heat treatment operations in the manufacturing plants where the temperature is less than 1000 degree F temperature is required.
Industry Structure and Updates
May 2018 - JPW Industrial Ovens and Furnaces, an industrial oven manufacturer has added a new manufacturing facility to its operation.
July 2018 - Wisconsin Oven Corporation announced the shipment of four electrically heated enhanced duty walk-in ovens to an automotive parts manufacturer. These ovens are to be used for aging aluminum