Summary

As per Triton’s research report, the industrial furnace market in Asia-Pacific is estimated to expand in terms of revenue at a CAGR of 6.15% during the forecast period 2025-2032.
The industrial furnace market in the Asia-Pacific region is witnessing rapid expansion, primarily driven by the region’s industrial growth and increasing demand for energy-efficient solutions. Countries like China and India are seeing significant investments in steel production, automotive manufacturing, and metal processing, all of which rely heavily on advanced industrial furnaces. This region also dominates the global manufacturing sector, accounting for approximately 45% of the world’s Manufacturing Value Added, creating a significant demand for industrial furnaces in the region.
The countries examined in the APAC region are China, Japan, India, Australia & New Zealand, ASEAN Countries, South Korea, and Rest of Asia Pacific.
China holds the largest market share, achieving around $1497.90 million in 2024.
● The industrial furnaces market in China is supported by its dominant manufacturing sector and robust steel production. Along with this, the government’s commitment to carbon neutrality by 2060 has accelerated the adoption of energy-efficient and environmentally friendly industrial furnace technologies.

● Hence, key sectors such as steel, cement, and glass manufacturing are investing heavily in modernizing their facilities with cutting-edge furnace systems to reduce emissions and improve energy utilization.

● Additionally, China’s leadership in the global manufacturing value chain, supported by favorable policies like tax incentives and subsidies for industrial modernization, ensures sustained growth in the industrial furnace market.
Industrial Furnace Market Forecast for India
India is solidifying its position as a pivotal market for industrial furnaces, driven by rapid industrialization, urbanization, and significant growth in steel production and demand. Between 2021 and 2023, India’s steel production surged by 15.4 million tonnes (Mt), reaching 140.8 Mt in 2023. This highlights the critical role of industrial furnaces in supporting the nation’s expanding infrastructure and manufacturing sectors.
In fact, the country’s manufacturing sector continues to benefit from initiatives like ‘Make in India’ and the National Steel Policy, which aim to boost steel production capacity to 300 Mt by 2030. Such government initiatives, coupled with large-scale infrastructure projects, including highways, railways, and smart cities, are driving demand for advanced furnace technologies in the country.
The studied market is categorized into furnace type, arrangement, mode of operation, and industry application. In the mode of operation segment, batch-type furnaces are gaining traction due to their suitability for processing small and diverse product batches. This flexibility makes batch furnaces ideal for applications in ceramics and glass production. Rapid industrialization and significant investments in infrastructure and manufacturing further drive the demand for batch-type furnaces in this region.
Contender Analysis in the Industrial Furnace Market
The EBNER Group specializes in the development and manufacturing of advanced heat treatment systems for the metal industry. Headquartered in Leonding, Austria, this family-owned company has a rich history dating back to its founding in 1948. The company provides cutting-edge thermal processing solutions, including hood-type annealing furnaces, continuous strip annealing lines, and aluminum melting and homogenizing systems.
In 2024, EBNER Group completed its acquisition of GNA Alutech inc, a prominent manufacturer of aluminum furnaces. This strategic move strengthens EBNER’s position in the aluminum industry.
Other notable market players are Epcon Industrial Systems Lp, International Thermal Systems, Mahler Gmbh, Gasbarre Products Inc, and Inductotherm Europe Ltd.

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Table of Contents

TABLE OF CONTENTS
1. ASIA-PACIFIC INDUSTRIAL FURNACE MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. PORTER’S FIVE FORCES ANALYSIS
2.1.1. THREAT OF NEW ENTRANTS
2.1.2. THREAT OF SUBSTITUTES
2.1.3. BARGAINING POWER OF BUYERS
2.1.4. BARGAINING POWER OF SUPPLIERS
2.1.5. THREAT OF COMPETITIVE RIVALRY
2.2. MARKET MATURITY ANALYSIS
2.3. SUPPLY CHAIN ANALYSIS
2.3.1. RAW MATERIAL SUPPLIERS
2.3.2. COMPONENT PROVIDERS
2.3.3. INDUSTRIAL FURNACE MANUFACTURERS
2.3.4. END-USERS
2.3.5. AFTERMARKET SERVICES
2.4. REGULATORY FRAMEWORK
2.5. KEY BUYING IMPACT ANALYSIS
2.5.1. OPERATING TEMPERATURE RANGE
2.5.2. EXTERIOR CONSTRUCTION MATERIALS
2.5.3. INSULATION TYPE
2.5.4. TEMPERATURE CONTROL SYSTEM
2.5.5. CHAMBER CONFIGURATION
2.5.6. MUFFLE DESIGN
2.5.7. ATMOSPHERE AND HUMIDITY REGULATION
2.6. KEY MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS DIVESTITURES & EXPANSIONS
2.7. MARKET DRIVERS
2.7.1. INCREASING METAL DEMAND ACROSS MULTIPLE INDUSTRIES
2.7.2. GROWTH OF INDUSTRIALIZATION AND INCREASE IN FURNACE DEMAND
2.7.3. ADVANCEMENTS IN TECHNOLOGY FUELING FURNACE INNOVATION
2.7.4. METALLURGICAL AND CHEMICAL SECTOR EXPANSION DRIVING FURNACE DEMAND
2.8. MARKET CHALLENGES
2.8.1. FINANCIAL BURDEN OF INDUSTRIAL FURNACE INVESTMENT
2.8.2. DIFFICULTIES IN INDUSTRIAL FURNACE MANUFACTURING DUE TO INCREASING EMISSION REGULATIONS
2.9. MARKET OPPORTUNITIES
2.9.1. CAPITALIZING ON THE DEVELOPMENT OF ENERGY-EFFICIENT FURNACE TECHNOLOGIES THROUGH ONGOING R&D INVESTMENTS
2.9.2. RAPID INDUSTRIALIZATION IN DEVELOPING COUNTRIES WIDENS THE MARKET SCOPE
2.10. ANALYST PERSPECTIVE
3. ASIA-PACIFIC INDUSTRIAL FURNACE MARKET – BY FURNACE TYPE
3.1. ELECTRIC FURNACES
3.2. NATURAL GAS-FIRED FURNACES
3.3. PETROLEUM COKE AND COAL-FIRED FURNACES
3.4. OTHER FURNACE TYPES
4. ASIA-PACIFIC INDUSTRIAL FURNACE MARKET – BY ARRANGEMENT
4.1. BOX TYPE
4.2. TUBE OR CLAMSHELL TYPE
4.3. TOP LOADING FURNACE
4.4. BOTTOM LOADING AND CAR BOTTOM FURNACE
4.5. OTHER ARRANGEMENTS
5. ASIA-PACIFIC INDUSTRIAL FURNACE MARKET – BY MODE OF OPERATION
5.1. BATCH TYPE
5.2. CONTINUOUS TYPE
6. ASIA-PACIFIC INDUSTRIAL FURNACE MARKET – BY INDUSTRY APPLICATION
6.1. CALCINING
6.2. ADDITIVE MANUFACTURING
6.3. CURING AND FORMING
6.4. GLASS PRODUCTION
6.5. CERAMICS PRODUCTION
6.6. OTHER APPLICATIONS
7. ASIA-PACIFIC INDUSTRIAL FURNACE MARKET – BY COUNTRY OUTLOOK
7.1.1. MARKET BY FURNACE TYPE
7.1.2. MARKET BY ARRANGEMENT
7.1.3. MARKET BY MODE OF OPERATION
7.1.4. MARKET BY INDUSTRY APPLICATION
7.1.5. COUNTRY ANALYSIS
7.1.5.1. CHINA
7.1.5.1.1. CHINA INDUSTRIAL FURNACE MARKET FORECAST & PROSPECTS
7.1.5.2. JAPAN
7.1.5.2.1. JAPAN INDUSTRIAL FURNACE MARKET FORECAST & PROSPECTS
7.1.5.3. INDIA
7.1.5.3.1. INDIA INDUSTRIAL FURNACE MARKET FORECAST & PROSPECTS
7.1.5.4. AUSTRALIA & NEW ZEALAND
7.1.5.4.1. AUSTRALIA & NEW ZEALAND INDUSTRIAL FURNACE MARKET FORECAST & PROSPECTS
7.1.5.5. ASEAN COUNTRIES
7.1.5.5.1. ASEAN COUNTRIES INDUSTRIAL FURNACE MARKET FORECAST & PROSPECTS
7.1.5.6. SOUTH KOREA
7.1.5.6.1. SOUTH KOREA INDUSTRIAL FURNACE MARKET FORECAST & PROSPECTS
7.1.5.7. REST OF ASIA-PACIFIC
7.1.5.7.1. REST OF ASIA-PACIFIC INDUSTRIAL FURNACE MARKET FORECAST & PROSPECTS
8. COMPETITIVE LANDSCAPE
8.1. ANDRITZ AG
8.1.1. OVERVIEW
8.1.2. PORTFOLIO
8.1.3. KEY STRENGTHS
8.1.4. KEY CHALLENGE
8.2. ADVANCE FURNACE TECHNOLOGIES
8.2.1. OVERVIEW
8.2.2. PORTFOLIO
8.2.3. KEY STRENGTHS
8.2.4. KEY CHALLENGE
8.3. CARBOLITE GERO LTD
8.3.1. OVERVIEW
8.3.2. PORTFOLIO
8.3.3. KEY STRENGTH
8.3.4. KEY CHALLENGE
8.4. EBNER GROUP
8.4.1. OVERVIEW
8.4.2. PORTFOLIO
8.4.3. KEY STRENGTHS
8.4.4. KEY CHALLENGE
8.5. EPCON INDUSTRIAL SYSTEMS LP
8.5.1. OVERVIEW
8.5.2. PORTFOLIO
8.5.3. KEY STRENGTHS
8.5.4. KEY CHALLENGES
8.6. GASBARRE PRODUCTS INC
8.6.1. OVERVIEW
8.6.2. PORTFOLIO
8.6.3. KEY STRENGTHS
8.6.4. KEY CHALLENGE
8.7. INDUCTOTHERM ASIA-PACIFIC LTD
8.7.1. OVERVIEW
8.7.2. PORTFOLIO
8.7.3. KEY STRENGTHS
8.7.4. KEY CHALLENGES
8.8. INTERNATIONAL THERMAL SYSTEMS
8.8.1. OVERVIEW
8.8.2. PORTFOLIO
8.8.3. KEY STRENGTHS
8.8.4. KEY CHALLENGES
8.9. MAHLER GMBH
8.9.1. OVERVIEW
8.9.2. PORTFOLIO
8.9.3. KEY STRENGTHS
8.9.4. KEY CHALLENGES
8.10. GRUPO NUTEC
8.10.1. OVERVIEW
8.10.2. PORTFOLIO
8.10.3. KEY STRENGTHS
8.10.4. KEY CHALLENGE
8.11. SCHMIDT + CLEMENS GMBH + CO KG
8.11.1. OVERVIEW
8.11.2. PORTFOLIO
8.11.3. KEY STRENGTHS
8.11.4. KEY CHALLENGE
8.12. SECO/WARWICK INC
8.12.1. OVERVIEW
8.12.2. PORTFOLIO
8.12.3. KEY STRENGTHS
8.12.4. KEY CHALLENGES
8.13. STERICOX INDIA PRIVATE LIMITED
8.13.1. OVERVIEW
8.13.2. PORTFOLIO
8.13.3. KEY STRENGTHS
8.13.4. KEY CHALLENGES
8.14. THERMAL PRODUCT SOLUTIONS (TPS)
8.14.1. OVERVIEW
8.14.2. PORTFOLIO
8.14.3. KEY STRENGTHS
8.14.4. KEY CHALLENGES
8.15. THERMCRAFT INC
8.15.1. OVERVIEW
8.15.2. PORTFOLIO
8.15.3. KEY STRENGTHS
8.15.4. KEY CHALLENGE
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY



LIST OF TABLES:

TABLE 1: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY COUNTRY OUTLOOK, 2025-2032 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF COLLABORATIONS
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE 7: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY FURNACE TYPE, 2025-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY ARRANGEMENT, 2025-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY MODE OF OPERATION, 2025-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY INDUSTRY APPLICATION, 2025-2032 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY COUNTRY OUTLOOK, 2025-2032 (IN $ MILLION)



LIST OF FIGURES:

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: MARKET MATURITY ANALYSIS
FIGURE 3: SUPPLY CHAIN ANALYSIS
FIGURE 4: KEY BUYING IMPACT ANALYSIS
FIGURE 5: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY FURNACE TYPE, 2024 & 2032 (IN %)
FIGURE 6: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY ELECTRIC FURNACES, 2025-2032 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY NATURAL GAS-FIRED FURNACES, 2025-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY PETROLEUM COKE AND COAL-FIRED FURNACES, 2025-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY OTHER FURNACE TYPES, 2025-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY ARRANGEMENT, 2024 & 2032 (IN %)
FIGURE 11: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY BOX TYPE, 2025-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY TUBE OR CLAMSHELL TYPE, 2025-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY TOP LOADING FURNACE, 2025-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY BOTTOM LOADING AND CAR BOTTOM FURNACE, 2025-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY OTHER ARRANGEMENTS, 2025-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY MODE OF OPERATION, 2024 & 2032 (IN %)
FIGURE 17: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY BATCH TYPE, 2025-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY CONTINUOUS TYPE, 2025-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY INDUSTRY APPLICATION, 2024 & 2032 (IN %)
FIGURE 20: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY CALCINING, 2025-2032 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY ADDITIVE MANUFACTURING, 2025-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY CURING AND FORMING, 2025-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY GLASS PRODUCTION, 2025-2032 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY CERAMICS PRODUCTION, 2025-2032 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY OTHER APPLICATIONS, 2025-2032 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC INDUSTRIAL FURNACE MARKET, BY COUNTRY OUTLOOK, 2024 & 2032 (IN %)
FIGURE 27: CHINA INDUSTRIAL FURNACE MARKET 2025-2032 (IN $ MILLION)
FIGURE 28: JAPAN INDUSTRIAL FURNACE MARKET 2025-2032 (IN $ MILLION)
FIGURE 29: INDIA INDUSTRIAL FURNACE MARKET 2025-2032 (IN $ MILLION)
FIGURE 30: AUSTRALIA & NEW ZEALAND INDUSTRIAL FURNACE MARKET 2025-2032 (IN $ MILLION)
FIGURE 31: ASEAN COUNTRIES INDUSTRIAL FURNACE MARKET 2025-2032 (IN $ MILLION)
FIGURE 32: SOUTH KOREA INDUSTRIAL FURNACE MARKET 2025-2032 (IN $ MILLION)
FIGURE 33: REST OF ASIA-PACIFIC INDUSTRIAL FURNACE MARKET 2025-2032 (IN $ MILLION)