What is Global Sealed Quench Furnaces (SQF) Market?
The Global Sealed Quench Furnaces (SQF) Market is a specialized segment of the industrial market that focuses on the production and distribution of sealed quench furnaces. These furnaces are used in various industries for heat treatment processes. The SQF market is a global entity, with manufacturers and distributors spread across different regions. The market's value was estimated at US$ 172.6 million in 2022, and it is projected to grow to US$ 208.5 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 2.7% from 2023 to 2029. The market is dominated by the top 5 players, who collectively accounted for 56.20% of the global revenue in 2019.
Straight Through Type, In-Out Type in the Global Sealed Quench Furnaces (SQF) Market:
The Global Sealed Quench Furnaces (SQF) Market is divided into two main types based on the design of the furnaces: Straight Through Type and In-Out Type. The Straight Through Type is a traditional design where the workpieces are loaded at one end and discharged at the other after going through the heating and cooling processes. On the other hand, the In-Out Type has a more modern design where the workpieces are loaded and discharged at the same end, making it more compact and efficient. The In-Out Type segment is projected to hold the largest production volume market share during the forecast period. In 2019, it accounted for 57.28% of the market share in terms of volume.
Aerospace, Automotive, Machine Building in the Global Sealed Quench Furnaces (SQF) Market:
The Global Sealed Quench Furnaces (SQF) Market finds its applications in various industries such as Aerospace, Automotive, and Machine Building. In the Aerospace industry, these furnaces are used for heat treatment of various components to enhance their durability and performance. The Automotive industry uses these furnaces for heat treatment of parts like gears, shafts, and bearings to improve their strength and wear resistance. In the Machine Building industry, these furnaces are used for heat treatment of machine parts to increase their service life and reliability.
Global Sealed Quench Furnaces (SQF) Market Outlook:
The Global Sealed Quench Furnaces (SQF) Market is a dynamic entity with a promising future. The market was valued at US$ 172.6 million in 2022 and is expected to reach US$ 208.5 million by 2029, growing at a CAGR of 2.7% during the forecast period of 2023-2029. The market is largely dominated by the top 5 players, who held 56.20% of the global revenue market share in 2019. North America is the largest revenue market, holding 30.78% of the market share in 2019. The In-Out Type segment is projected to hold the largest production volume market share during the forecast period, having accounted for 57.28% share in 2019 in terms of volume.
| Report Metric | Details |
| Report Name | Sealed Quench Furnaces (SQF) Market |
| Accounted market size in 2022 | US$ 172.6 in million |
| Forecasted market size in 2029 | US$ 208.5 million |
| CAGR | 2.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Ipsen, IVA Schmetz, DOWA Thermotech, Lindberg/MPH, SECO/WARWICK, Aichelin Group, Fengdong, Gasbarre Furnace, THERELEK, Surface Combustion, CEC, BeaverMatic |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
