An industrial oven plays a strategic role in multiple high-tech industries such as electronics and chemicals, and others It is used to cure exotic materials in the laboratory so that ultra-light and super-strong materials can be processed, bake sand cores in the foundry to develop modern castings, mass-produce delightful pastries at commercial bakeries, preheat metals and other materials for anti-corrosion coatings, and function as diffusion furnaces for semiconductors used in computers.
The global industrial ovens market was valued at $8,469 million in 2016, and is projected to reach $12,897 million in 2023, growing at a CAGR of 6.2%. The food production & processing segment generated the highest revenue in 2016, and is projected to continue to dominate the market throughout the analysis period.
Industrial batch ovens are generally used for drying/heating/baking/roasting/curing/ageing of chemicals, pharmaceuticals, food products, PVC, plastics, dyes, paints, painted equipment, PCB, paper pulp, compound, tobacco, abrasives, powder coating, asbestos, footwear, and various other products. These industrial ovens are provided with vertical hot air or cross air flow system to maintain a uniform temperature. Heat is generated by means of electric, infrared heaters, steam, thermic fluid, oil or gas fired system, and other sources.
The global industrial ovens market is segmented on the basis of product, process, heating medium, end-user industry, and geography. Based on product, the market is classified into curing, baking, drying, and reflow ovens. On the basis of process, it is bifurcated into batch and continuous. Depending on heating medium, the market is categorized into electric heat, fuel- & gas-fired, infrared heaters, and others. The end-user industries analyzed in this study are food production & processing, chemical processing, electricals & electronics, automotive & aerospace, pharmaceuticals, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.