Electrode Ovens Market Forecast: Trends & Growth 2032

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The global electrode ovens market stood at about USD 200 million in 2023 and is expected to reach USD 340 million by 2032, growing at a compound annual growth rate (CAGR) of 6.2%. These ovens are crucial for keeping welding electrodes in good condition by preventing moisture exposure, which can cause defects and safety risks.