Heat Treat Outlook & Trends 2019-2023

Many research reports show continued growth for Global Heat Treatment over the next 5 years. This growth is continued to be led by the Asian countries (notably China and India).

However, current economic conditions and uncertainty with the political environment could cause potential headwinds in 2019 and 2020.

Production and use of electric vehicles during the next 5-years is not currently envisaged to have a major impact on volume requirements, but this will be a rising factor in future years.

Companies with internal Heat Treat departments (captive Heat Treaters) and Commercial Heat Treaters are preparing for this potential volatility in demand by using a number of tactics:

• Focus on Lean Methods of Manufacturing.
• Understanding and investment in Energy efficient practices and technology.
• Upgrading Furnace controls:
  • Enabling flexibility in scheduling
  • Ease of Operator-use (mitigating issues arising from changes in the workforce)

This presentation covers the current economic outlook and outlines how Eurotherm can help Heat Treaters reduce costs and embed flexibility into their operations.