In 2023, the global electrode ovens market was valued at USD 200 million and is expected to reach USD 340 million by 2032, reflecting a compound annual growth rate (CAGR) of 6.2%. Electrode ovens play a key role in protecting welding electrodes from moisture absorption, which can cause defects and safety risks. The market is expanding due to increasing infrastructure investments, particularly in the Asia Pacific region, where rapid industrialization and urbanization are boosting demand.