The global industrial furnaces market is poised for significant growth, with demand projected to reach USD 2.5 billion in 2023 and forecasted to expand at a compound annual growth rate (CAGR) of 3.9%, ultimately reaching USD 3.6 billion by 2033. This growth trajectory is primarily driven by the increasing adoption of process automation technologies and electric industrial equipment across various sectors. Market …
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Industrial Furnaces Market Is Prominent In APAC Region Where The World’s Largest Steel-FMI
Industrial furnaces market are the thermal enclosures in which raw materials, both solid state and liquid state, are processed at high temperatures. They attain higher processing temperatures as compared with open-air systems. The industrial furnaces can be designed according to their functions, temperature variance, fuel type and method of combustion. The basic construction of Industrial …