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Global Coke Oven Batteries Market Research Report - Segmentation By Type (Top Charging and Stamp Charging), By Application (Building & Construction, Transport, Electronics, Domestic Appliances, and Mechanical Equipment) and Region - Industry Forecast of 2024 to 2029

Published: March, 2023
ID: 10867
Pages: 150
Formats: report pdf report excel report power bi report ppt

Coke Oven Batteries Market Size (2024 - 2029):

The Global Coke Oven Batteries Market was valued at US$ 5.66 billion in 2023 and is predicted to reach US$ 30.24 billion by 2029, with a CAGR of 32.22% during the forecast period 2024 - 2029.

Coke oven batteries are an integral part of the Coke oven plant. The coke oven battery includes battery machines and a group of coke ovens. Charging of coal into the furnace and unloading of coke from the furnace is accomplished by loading the machine carriage, the push carriage, and the hot coke carriage, which together are battery-powered machines. Coke oven batteries are an essential part of the cast iron oven factory. It contains battery devices, as well as various coke ovens. The latest technological advances are employed in coke oven batteries to ensure long life and high productivity. Coke oven batteries meet the most advanced pollution control standards.

Market Trends:

The latest technological advancements in coke oven batteries, which help ensure long campaign life and high productivity, are predicted to boost the worldwide market for coke oven batteries. The adoption of coke oven batteries, which have the most advanced standards in pollution control, is escalating at an exponential rate that is supposed to drive market expansion. In collaboration with customers, key companies develop profitable plant concepts adapted to local infrastructure. They integrate new individual batteries into existing factories and new sites. They prefer to install small, high-capacity coke oven batteries that initiate highly efficient operation for consumers. The company focuses on providing custom design and advanced technologies for top-loading coke oven batteries, as well as the type of buffer charging according to customer specifications.

Market Drivers:

Coke oven batteries are now an integral part of the iron and steel industry. Driven by increased calls for iron and steel, coke oven capacities have increased dramatically. This has resulted in an increase in the production of chemicals from coal. Coke oven plants are an integral part of a steel plant to produce coke, which is employed as fuel in blast furnaces. The coke oven plant produces important by-products such as chemical coal tar, ammonia, and crude benzoyl which are fractionated to produce aromatics like benzene, toluene, and xylene. Coke, which is employed to fuel blast furnaces during the iron-making process, is made by burning coal at high temperatures in a series of furnaces called coke drums.

Market Restraints:

Coke oven batteries have a negative impact on the environment due to a large number of harmful gas emissions. This is hampering the market for global Coke oven batteries.

Market Opportunities:

The stamp charging segment is predicted to contribute significantly to the worldwide market for coke oven batteries. Two types of coke oven batteries are available on the market. One is top loading and the other is buffer loading. Key companies are focusing on the deployment of coke oven batteries according to the needs and calls of customers. Buffer charging coke oven batteries offer substantial benefits for profitable coke production. Seal charge coke oven batteries have a robust battery structure, optimized combustion, and features developed specifically for environmental protection that are predicted to drive market expansion over the conjecture period.

Market Challenges:

Companies are constantly improving and developing technological tools and solutions, thus providing a number of innovative special design features, which greatly contribute to the operation of energy-efficient and emission-free coke plants.

Market Recent Developments:

  • The first Russian steelmaker, Severstal, commissioned the first No. KB11 coke oven battery pack with coal-charge compaction technology at the Cherepovets metallurgical plant.
  • The heating of the coke oven battery-5 (COB-5) at the Visakhapatnam steel plant was successful, marking the start of commissioning activities for multiple projects.

COKE OVEN BATTERIES MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 – 2029

Base Year

2023

Forecast Period

2024 - 2029

CAGR

32.22%

Segments Covered

By Type, Application, and Region.

 

Various Analyses Covered

Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Paul Wruth, Graycor International Inc., GIPROKOKS, Thyssenkrupp AG, Ingesteam Power Technology Industry, Heavy Engineering Corporation Ltd., and Others.

 

Market Segmentation:

Coke Oven Batteries Market - By Type:

  • Top Charging
  • Stamp Charging

Depending on the needs and calls of customers, companies provide the technology for coke oven batteries. Coke oven batteries, which are based on intermediate charging, offer substantial advantages for profitable Coke production.

Coke Oven Batteries Market - By Application:

  • Building & Construction
  • Transport
  • Electronics
  • Domestic Appliances
  • Mechanical Equipment

More than 50% of the steel produced in the world is employed in the building and construction industry. The increasing population leads to rapid urbanization. Construction and infrastructure needs are predicted to continue to increase in the near future. Steelmakers around the world are highly offering construction solutions that enable low-carbon and energy-efficient buildings, improving the call for coke oven batteries.

Market Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

In terms of production and consumption, Asia-Pacific dominates the worldwide market for coke oven batteries. These batteries are employed primarily in the steel industry. Steel call in developing countries in Asia excluding China is predicted to increase by 6.5% and 6.4% respectively in 2019 and 2020, making it the fastest-growing region in the worldwide steel industry. Infrastructure development supports the call for steel in the ASEAN subregion. The call for coke oven batteries has been declining in South Korea since 2017, due to declining calls from two major steel-using industries such as shipbuilding and automotive. Europe also accounted for a significant share of the worldwide coke oven battery market in 2018.

The Middle East, Africa, and Latin America are emerging regions of the worldwide coke oven battery market. The market in these regions is likely to expand at a substantial rate during the conjecture period. The market for coke oven batteries in North America has grown at a rapid rate. In terms of production and consumption of coke oven batteries, the Asia-Pacific region is predicted to contribute significantly to the worldwide market for coke oven batteries. The maximum market share is attributed to the extensive use of coke oven batteries in a variety of applications including steel, construction and transportation, electronics, and household applications. The presence of manufacturing industries and the rapid expansion of end-user industries are estimated to stimulate regional expansion. Coke oven batteries are employed primarily in the steel industry. Steel call in the region is anticipated to increase with a considerable CAGR during the envisioned period.

Impact of COVID-19 on the Coke Oven Batteries Market:

The coronavirus pandemic has resulted in the temporary shutdown of manufacturing units in several nations of the world, resulting in decreased sales of coke oven batteries. For instance, the state-run Steel Authority of India Ltd. has cut production by 10% amid supply amid the ongoing lockdown to address the coronavirus crisis, according to a source. The development comes days after the Steel Ministry ordered its public sector companies, including SAIL, not to cut production. SAIL, which has an installed capacity of more than 21 million tons per year, produces around 50,000 tons of hot metal and 48,000 tons of crude steel every day. The company reduced production between 7% and 10%, adding that the decision was made due to supplies affected by the shutdown. The source said the company was also having difficulty obtaining materials. As for the shipment of products by rail and road. The transportation of raw materials is affected. SAIL and other USPs also informed the ministry of the problems their officials face during the current lockdown. The source said the equipment is being kept running. Vital materials such as coke oven batteries, blast furnaces, etc., are essential for steel mills.

Market Key Players:

Some of the major players operating in the global coke oven batteries market are

  1. Paul Wruth
  2. Graycor International Inc.
  3. GIPROKOKS
  4. Thyssenkrupp AG
  5. Ingesteam Power Technology Industry
  6. Heavy Engineering Corporation Ltd

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FAQ's

1. What is the Coke Oven Batteries Market growth rate during the projection period?

The Global Coke Oven Batteries Market is expected to grow with a CAGR of 32.22% between 2024-2029.

2. What can be the total Coke Oven Batteries Market value?

The Global Coke Oven Batteries Market size is expected to reach a revised size of US$ 30.28 billion by 2029.

3. Name any three Coke Oven Batteries Market key players?

Thyssenkrupp AG, Ingesteam Power Technology Industry, and Heavy Engineering Corporation Ltd are the three Coke Oven Batteries Market key players.

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