The growing Industrial Furnace Industry is big business both in manufacturing and in international trade. The newly released 2014 industry report listed $3 billion USD in total revenue. The gross profit total was reported at 26.21% with an import value of $.7 billion USD from 60 different countries.
The industrial furnace industry also exported an estimated $.9 billion USD worth of products and other merchandise to 149 countries last year.
Overall, if you add in the 2014 annual import value and subtract the export value, the industrial furnace industry commands a total domestic demand and value of $2.8 billion USD.
These findings come from a recent report on the Industrial Furnace Industry conducted by Research and Markets Ltd. Below is their report summary which includes a link to the full report if you are interested.
“Industrial Furnace Report Summary:
This 167-page report contains unparalleled industry market research in breadth and depth, providing a comprehensive view of the industry within the context of the overall international manufacturing economy. The report’s supply and demand data covers U.S. shipments and international trade while also considering the industry’s capacity utilization. The industry level income statements, balance sheets, and capital expenditure analysis in this report contain all the necessary data for financial benchmarking. In the cost analysis section you will find 35 upstream industries are analyzed to offer insight into the supply chain cost structure. For the channel and pricing structure an additional 5 downstream industries are analyzed. The competitive landscape section reports on the number of firms and their industry revenue share, market concentration, and a list of major players. Related trade associations, industry standards, and additional trade publications are also listed in the report.
Companies listed in this report include
– Axcelis Technologies, Inc.
– BTU International, Inc.
– Chromalox, Inc.
– Graham Corporation
– Instron Corporation
– Lincoln Electric Holdings, Inc.
– Met-Pro Corporation
– Research, Inc.
– Watlow Electric Manufacturing Company”
For more information about industrial ovens and furnaces, contact our offices at 714-223-7262.
Cleaning up an oil spill is a complicated venture. While there are several methods currently being utilized to remove the oil and cleaning up the area, there has never been a cleanup that has been 100% successful.
One of the largest oil spills occurred earlier this year in Santa Barbara spill. These spills are highly problematic and the challenges on a cleanup are just as numerous. Cleanup efforts are highly expensive. Oil companies must pay to remove the oil, clean the environment, compensate individuals affected, and then dispose of the dirty oil. The wildlife and ecosystems affected can suffer irreparable damage. Other challenges include the lost use of waterways that are closed off for cleaning. For example, it took Exxon 4 summers and hundreds of millions of dollars to clean up their 2010 oil spill.
The most common methods of clean up include physical barriers called booms, burning the oil off of the top of the water (Situ Burning) or skimming the oil off of the water top. Each of these methods requires thousands of workers, hundreds of millions of dollars and millions of hours to complete and is not 100% effective. What if there was a better and more effective way to collect and dispose of the unwanted oil? One possible solution could be to improve oil spill cleanup is to employ a liquid waste incinerator.
A liquid waste incinerator works by pumping the liquid waste into the unit which vaporizes the waste. This process is known as atomizing. The atomized waste vapor is then moved into a furnace section where it is super-heated until the vapor is completely burned off. A liquid waste incinerator leaves no residue or waste to be disposed of. Contaminated water can easily be pumped into the liquid waste incinerator system right off of the water and evaporated in a matter of seconds.
With each new environmental challenge that is presented, new answers and more efficient answers are discovered every day. As researchers search for more efficient solutions, could a liquid waste incinerator be the next big revelation in the oil spill world?
The manufacturing world is changing. The entire chain-supply of manufacturers, resellers, and customers is shifting into a new dynamic to accommodate international competition. Staying ahead of the industrial furnace manufacturing evolution is vital to thriving and surpassing customer needs in this new industry atmosphere.
Let’s look at some Industrial Furnace Manufacturing trends
- The SMAC Stack (social, mobile, analytics, cloud).
- SMAC is the new driving force that is revitalizing the industrial furnace manufacturing industry. The SMAC Stack is becoming an essential technological tool for manufactures and represents the biggest opportunity for increasing customer engagement. The need to innovate is forcing industry change within a historically conservative “if it’s not broke don’t fix it” industry, and SMAC is helping early adopters in the manufacturing market increase efficiencies and change. According to an IDC white paper, “The Future of Manufacturing, the popularity of social media continues to force industrial furnace manufacturers to become more customer-centric. The conventional business-to-business model has died and the new manufacturing industry has a customer who is highly informed and expects a highly connected and responsive manufacturer. The industrial furnace manufacturing industry will need to be meeting and surpassing all of these customer’s needs in order to stay at the top of the game. Social media has also become a manufacturer’s most impactful tool for branding.
- Automation and the Internet of Things to Do (IoT)
- A renewed interest in information and engineering education is creating a labor force that can manage highly technical systems and greater automation. More time is then available for research and development as well are career development. IoT creates opportunities for increased efficiency and savings on labor and service costs.
- Next-Shoring, bringing outsourcing back home
- With increases in tech savvy workers, rising wages in Asia, increased shipping costs, and the demand to speed up production times has caused employers to have every department in house. This is leading to faster order processing times, faster order shipments, and lower costs in the warehouse and at the docks.
For more information about Industrial Furnaces please call 714-223-7262 or visit us on the web at www.BakerFurnace.com .
Hydraulic fracturing is a process of harvesting natural gas from shale rock by drilling into it and injecting fluids at high pressures until the rock is fractured. Fracking began as an experiment in the 1940’s and has now being used by oil companies as a way to harvest natural gases. While fracking may be a way to gain economic profits by providing jobs and a US-based energy source, the risks of fracking must be addressed by proper pollution-control initiatives.
The main issue is the water contamination caused by the dumped wastewater or produced water. Fracking produces wastewater whose full effect on surrounding water and air supplies are just now being tested.
Currently, California is the only state to have a comprehensive air and water contamination evaluation system in place. This monitoring system tests air and water quality near unconventional drilling sites and reports back the chemicals deposited by produced water.
This new monitoring system has been implemented since 2013 and has found carcinogens, lead, radioactive chemicals, benzene, arsenic and other cancer causing chemicals in 83% of samples.
Monitoring the dump sites is the first step, but the more important issue is being able to find the dump sites since fracking companies are not required to disclose where they dispose of their produced water.
The current solution is problematic as produced water treatment facilities are few and far between. The cost of transporting the contaminated water has proved to be prohibitive to fracking companies.
One solution being used by a few fracking companies is recycling the produced water. These companies have built above-ground water treatment facilities on their fracking sites to be able clean their own produced water as well as to reuse this water for fracking again. This recycling solution not only saves the environment from contaminated produced water, it saves the company the time and money that would be used to transport and clean their water and it also provides an endless supply of injection water for their fracking business.
While produced water is currently one of the greatest local environmental concerns, as with any challenge, it is becoming a great catalyst for the human ingenuity necessary to find a solution to this problem.
To learn how Baker Furnace is working to address the water problems associated with fracking, click HERE.