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Rising Demand for High-Temperature Processing Drives Furnace Market
The global industrial furnace market is experiencing steady growth as industries increasingly rely on advanced heating technologies to improve production efficiency and meet rising manufacturing demands. Valued at US$ 10.7 billion in 2022, the market is projected to expand at a CAGR of 4.8% from 2023 to 2031, reaching approximately US$ 18.4 billion by the end of the forecast period. Growth in...
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