Global Atmospheric Heat Treatment Equipment Market 2017-2021
About Atmospheric Heat Treatment Equipment
The thermal processing of metal components to change their chemical and physical properties is known as atmospheric metal heat treatment. This makes metal components appropriate for their intended use. The global atmospheric heat treatment equipment market is segmented based on end-users and key regions. The thermal processing of metals to change their chemical and physical properties is known as metal heat treatment. Most metal components are required to undergo thermal processing to change their metallurgical properties. This change in metallurgical properties renders them useful for their desired applications.
Technavio’s analysts forecast the global atmospheric heat treatment equipment market to grow at a CAGR of 5.30% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global atmospheric heat treatment equipment market for 2017-2021. To calculate the market size, the report considers the new installations/shipments/sales and excludes retrofit/replacement/spares/aftermarket/services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Atmospheric Heat Treatment Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global atmospheric heat treatment equipment market: Abbott Furnace Company, Keith, SECO/WARWICK, and THERELEK
Other Prominent Vendors in the market are: REMIX, C.I. Hayes, Consolidated Engineering Company, J.L Becker, CAN-ENG Furnaces, HighTemp Furnaces, Ipsen, L&L Special Furnace, The Grieve Corporation, Lindberg/MPH, Lucifer Furnaces, HTF, and SOLO Swiss Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing adoption of additive manufacturing. Additive manufacturing, as the name suggests, is a manufacturing process for producing complex parts using successive layers of metal powders. This technology is highly applicable for manufacturing precision products used in medical, automotive, and aerospace fields, which demand high-quality standards. Atmospheric heat treatment ensures that products possess the required metallurgical and dimensional properties.”
According to the report, one of the major drivers for this market is Stable growth of automotive industry. Manufacturing in the automotive industry includes the use of components, such as mills, gears, pistons, and flywheels, made of metals, such as aluminum, steel, iron, and other alloys. Automobile manufacturing makes use of various types of heat treatment processes to enhance the performance of automotive components. These processes are necessary to improve the strength and hardness of these materials in order to increase the reliability and lifespan of the components made.
Further, the report states that one of the major factors hindering the growth of this market is Lack of continuous support and maintenance. The use of a metal heat treatment equipment requires constant maintenance for effective calibration and improved productivity. Maintenance is an important part of deploying heat treatment equipment. In general, the maintenance cost increases exponentially with the increase in operating temperature and the severity of the process environment, for example, carburizing versus hardening of steel. These costs are a part of all heat treatment furnaces, though they are often operated below their maximum temperature settings.
Abbott Furnace Company, Keith, SECO/WARWICK, THERELEK, REMIX, C.I. Hayes, Consolidated Engineering Company, J.L Becker, CAN-ENG Furnaces, HighTemp Furnaces, Ipsen, L&L Special Furnace, The Grieve Corporation, Lindberg/MPH, Lucifer Furnaces, HTF, and SOLO Swiss Group.
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