The Asia Pacific Industrial Oven Market would witness market growth of 5.0% CAGR during the forecast period (2021-2027).
An industrial oven refers to a heated container utilized in a variety of industries to accomplish a variety of tasks. To accomplish a heat treatment operation, these ovens typically process raw material at higher temperatures. Food production, chemical processing, and use in the electronics industry are all examples of common industrial oven applications.
Nowadays, it is common to see restaurant owners adopt a new style of cooking that is driven by client demand and the popularity of exhibition baking. In addition, companies are producing various kinds of industrial ovens to meet this demand. Moreover, the demand for industrial conveyor ovens is being influenced by the expansion of pizzerias and other eateries that need high throughput and product uniformity.
In the upcoming years, a number of notable steelmaking plants are planned to commence projects in India and China, which would create higher demand for continuous line industrial ovens in these nations. In addition, some of the major trends of the regional market are increased building activities, higher automobile production, and the high use of drying and infrared firing ovens for the fabrication of very high-efficiency solar cells.
The increased demand for biscuits and cookies, as well as rapid technological advancements and the region's growing population, are driving the Indian bakery industry. Bakery, which is also a conventional activity, plays an essential role in the food processing business.
The China market dominated the Asia Pacific Industrial Oven Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,058.2 million by 2027. The Japan market is exhibiting a CAGR of 4.3% during (2021 - 2027). Additionally, The India market would showcase 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Industrial Oven Market is Projected to reach USD 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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