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Home>Global Refractory Equipment Market - Analysis, Technologies & Forecasts to 2021 - Research and Markets

Global Refractory Equipment Market - Analysis, Technologies & Forecasts to 2021 - Research and Markets

Global Refractory Equipment Market - Analysis, Technologies & Forecasts to 2021 - Research and Markets

10/02/2017

Global Refractory Equipment Market - Analysis, Technologies & Forecasts to 2021 - Research and Markets

The "Global Refractory Equipment Market 2017-2021" report has been added to Research and Markets' offering.

The global refractory equipment market is forecast to grow at a CAGR of 4% during the period 2017-2021.

The report, Global Refractory Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is integration of IIoT. The industrial Internet of Things (IIoT) is transforming the way machines are manufactured, designed, connected, and optimized. The advent of IIoT has brought together innumerable industrial equipment, production facilities, plants, and machines, with a network consisting of high-speed routers, gateways, and switches and the cloud, which holds the software and analytics to arrive at decisions using data from the Internet-enabled devices.

According to the report, one driver in the market is increasing demand for energy. Rising population and rapid urbanization are primarily responsible for the increasing energy demand globally. As per the EIA's estimates, global energy consumption is expected to grow by 48% during 2012-2040. Most of this growth will be from non-OECD Asia, where the demand for energy is driven by strong economic growth. India and China will account for more than half of the world's total increase in energy consumption during the forecast period.

Key vendors

  • EZG Manufacturing
  • Hilman Rollers
  • NAO
  • Thermal Specialities
  • WARE

Other prominent vendors

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