The North America Industrial Oven Market would witness market growth of 4.1% CAGR during the forecast period (2021-2027).
Industrial ovens are used for heat treatment, drying, curing, and hardening of various materials for a number of industrial applications, from the design stage through the final manufacturing stage in the chemical and steel industries. Tempering metals (such as aluminum, copper, ferrous metals, copper, and brass) and glass is the common usage for industrial ovens. With the rise of industrialization around the world, the industrial oven market is predicted to grow at an exponential rate.
The industrial oven market provides goods that can be run with less electricity and heat (under 1000 degrees Fahrenheit) while yet meeting international standards and meeting the needs of end-users in the future. Further, some industrial oven manufacturers also provide walk-in ovens, which are in-house manufactured industrial ovens that save money on construction and shipment. Hence, these aspects are likely to fuel the growth of the overall industrial oven market during the forecasting period.
The United States is the most powerful region in North America due to its strong purchasing power and economic stability, which has resulted in technological improvement in the kitchen appliance industry. Moreover, many players in the region are likely to witness tough competition.
Rapid urbanization, along with an established foodservice industry and high vendor penetration, is having a significant impact on market growth, resulting in a greater demand for such ovens. For industrial ovens, many national and international organizations have certification criteria and requirements. The International Organization for Standardization (ISO), the Occupational Safety and Health Administration (OSHA) of the United States federal government, Underwriters Laboratories (UL), and the National Fire Protection Association (NPFA) are among the organizations involved.
The US market dominated the North America Industrial Oven Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,598.3 million by 2027. The Canada market is experiencing a CAGR of 6.5% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 5.6% during (2021 - 2027).
Based on Process, the market is segmented into Continuous and Batch. Based on Industry, the market is segmented into Food Production & Processing, Automotive & Aerospace, Chemical Processing, Electricals & Electronics, Pharmaceuticals and Others. Based on Heating Medium, the market is segmented into Infrared Heaters, Electric Heat, Fuel & Gas-fired and Others. Based on Product, the market is segmented into Curing Ovens, Baking Ovens, Drying Ovens, Reflow Ovens and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Industrial Oven Market is Estimated to reach $12.3 Billion by 2027, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ASC Process Systems, Harper International Corporation, Thermal Product Solutions LLC (Wisconsin Oven Corporation), JPW Industrial Ovens & Furances, Davron Technologies Inc., Grieve Corporation, JLS Ovens and Furnaces Ltd., Steelman Industries, Inc., and Eastman Manufacturing, Inc.
By Process
By Industry
By Heating Medium
By Product
By Country
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