Bellefonte Furnace

Global Blast Furnaces Market 2019-2023: Large Installed Base of Blast Furnaces to Provide Considerable Growth Opportunities

Retrieved on: 
Wednesday, November 14, 2018

Thus, by providing equipment as a service, blast furnace vendors will be able to increase their market share and thereby boost market growth.

Key Points: 
  • Thus, by providing equipment as a service, blast furnace vendors will be able to increase their market share and thereby boost market growth.
  • This makes the exit barriers very high for integrated steel plant operators which leads to the creation of a large installed base thereby driving blast furnace replacement market growth.
  • Factors such as the large installed base of blast furnaces, will provide considerable growth opportunities to blast furnace manufacturers.
  • According to the report, one of the major drivers for this market is the large installed base of blast furnaces which is driving the blast furnace replacement market.