Published Date: 30-Apr-22
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According to a new report, published by KBV research, The Global Industrial Oven Market size is expected to reach $12.3 billion by 2027, rising at a market growth of 4.6% CAGR during the forecast period.
The Batch market is showcasing a CAGR of 5.7% during (2021 - 2027). Things must be cooked in batches and given consistent heat treatment, this method is most successful. Moreover, these ovens have high-volume airflow, which enables heat uniformity across all components that must be heated. In addition, these ovens are ideal for heavy-duty applications requiring constant heating at a high temperature to achieve the desired output. Curing, drying, aging, and annealing are just a few of the heat treatment procedures that can be done in a batch oven. When the same heat treatment procedure must be done at different times and the raw material to be processed differs between batches, batch ovens are employed. Batches of raw materials can be loaded within the industrial oven on carts, racks, or trucks, depending on the production requirements. If necessary, manual or automatic loading can be accommodated.
The Food Production & Processing segment acquired maximum revenue share the Global Industrial Oven Market by Industry in 2020, thereby, achieving a market value of $3.6 billion by 2027. The massive growth of the segment is attributed to an increase in demand for ventless ovens in food production and processing. For effective heating and browning of the bread, they are heated with one or more areas of control above and below the conveyor belt. Stainless steel conveyor systems are used in the ovens, and they are tailored to the material being processed. Each zone's temperature may be controlled precisely due to the controls.
The Electric Heat market has shown growth rate of 5.1% during (2021 - 2027). This is because an oven based on electric heat technology can perform heating up to extreme temperature rapidly, easily, and without needing much electricity. Moreover, these ovens have high-precision controls that allow the user to pre-set accurate temperatures to achieve the required heat treatment with maximum precision.
The Curing Ovens segment is leading the Global Industrial Oven Market by Product in 2020; thereby, achieving a market value of $3.6 billion by 2027. Curing applications employ heat to initiate a chemical reaction that cures or solidifies a finish or adhesive onto a product. As a result, the material or coating becomes stronger, tougher, and more stable, and it can withstand changes in temperature, humidity, and/or corrosion. These curing ovens offer exceptional temperature homogeneity, ensuring that your parts are properly cured.
The Europe market dominated the Global Industrial Oven Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.2 billion by 2027. The North America market is anticipated to grow at a CAGR of 4.1% during (2021 - 2027). Additionally, The Asia Pacific market would witness a CAGR of 5% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/industrial-oven-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Heating Medium
Unique Offerings from KBV Research
North America Industrial Oven Market Future Scope & Opportunities 2021-2027
Europe Industrial Oven Market Size & Growth Forecast 2021-2027
Asia Pacific Industrial Oven Market Size, Share & Industry Outlook to 2027
LAMEA Industrial Oven Market Growth, Trends & Forecasts 2021-2027