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June 28, 2007
New Technologies Ride the $12 Billion Industrial Furnaces and Ovens Market, According to New Report
According to a recently released market research report published by Global Industry Analysts, Inc., the global US$12 billion industrial furnaces and ovens market is projected to grow at a compounded rate of 1.8%. Europe leads the world market for industrial furnaces and ovens, accounting for approximately 38% share. The matured United States industrial furnaces and ovens market is projected to register a CAGR of 0.75%. Asia-Pacific represents the fastest growing market for industrial furnaces and ovens.
San Jose, California (PRWEB) June 28, 2007 -- Industrial furnace market wakes up from its siesta upon spotting a revolutionary hybrid furnace. The new hybrid furnace is all set to replace the conventional air fuel technology, a process used in glass melting.
"The new technology brings together air-fuel and Oxy-fuel technologies to aid glassmakers in providing high quality, fuel-efficient products," according to research published by Global Industry Analysts, Inc.
Oxy-fuel technology utilizes oxygen for environment-friendly glass combustion by eliminating nitrogen present in air, reducing maintenance cost and providing designing simplicity. Oxy-fuel also gains ground by improved productivity, enhanced glass quality and stable batch patterns.
Major players in the industrial furnaces and ovens market include Kilns & Furnaces, CM Furnaces, Inc., Inductotherm, Nachi-Fujikoshi, Surface Combustion and JLS Redditch.
The report titled Industrial Furnaces and Ovens: A Global Strategic Business Report, provides an extensive review of market trends, drivers, players and competition among others. The report also offers profiles of leading players and presents recent developments, mergers, acquisitions, as well as other strategic industry activities. The study analyzes major product groups including Electrical Industrial Furnaces & Ovens, Induction & Dielectric Furnaces & Ovens, Industrial Electric Heating Equipment, Fuel-fired Industrial Furnaces & Ovens and Other Industrial Furnaces & Oven. Detailed analysis is provided for major geographic markets including United States, Canada, Japan, France, Germany, the UK, Italy, Spain, Russia, Asia-Pacific, Latin America and the Middle East.
For more details about this research report, please visit www.strategyr.com/MCP-2754.asp
About the company
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
Posted by Industrial-Manufacturing at June 28, 2007 10:22 PM