menu One Stop Shop For Reports One Stop Shop For Reports
search more_vert
  • All Reports
  • All Sectors
  • Report Library
  • Who Trust Us
  • Datafeature
  • [email protected]
  • +1 718 618 4351 (International)
  • +91 78878 22626 (Asia)

More Results

menu One Stop Shop For Reports One Stop Shop For Reports
search more_vert
  • All Reports
  • All Sectors
  • Report Library
  • Who Trust Us
  • Datafeature
Home ➤ Energy and Power ➤ Power Equipment and Devices ➤ Induction Furnace Market
Induction Furnace Market

Induction Furnace Market

Published date: Dec 2022 • Formats:
Request Sample Buy Now
  • Home ➤ Energy and Power ➤ Power Equipment and Devices ➤ Induction Furnace Market

Global Induction Furnace Market By Product Type (Coreless, Channel), By Application (Melting, Heating & Others), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Sample
  • account_circleAbout Me

    Quick Navigation

    • 1 Key Market Segments
      • 1.1 Type
      • 1.2 Application
    • 2 Key Market Players included in the report:

    The global Induction Furnace market is projected to be USD 598.4 Mn in 2021 to reach USD 615.2 Mn by 2032 at a CAGR of 1.8%.

    Market.us announces the publication of its most recently generated research report titled, “Global Induction Furnace Market by Product Type (Coreless, Channel), By Application (Melting, Heating & Others), and by Region – Global Forecast to 2028.”, which offers a holistic view of the global Induction Furnace market through systematic segmentation that covers every aspect of the target market.

    The induction furnace uses induction to heat metals to their melting points. The principle of the induction furnace is based on induction heating. The capacity of induction furnaces ranges from less than 1kg to 100MT, and these are majorly used for the re-melting of iron & steel (steel scrap), copper, aluminum, precious metals, and alloys. Currently, several foundries use induction furnaces, and some iron foundries are also in the process of replacing cupolas with induction furnaces since the former emits a significant amount of dust and pollutants. The induction furnace has an electric coil to produce the charge, and this coil is replaced from time to time and is cooled by a water system. The vessel in which the metal is heated is a stronger material that can resist the required heat. The significant advantage of induction furnaces is that the process is clean, energy-efficient and the process is highly controllable compared to other methods for metal melting. However, one of the significant drawbacks of the induction furnace is the lack of refining capacity, charge materials must be clean of oxidation products, and some critical alloying elements may be lost due to oxidation and need to be re-added to the melt.

    trending_up Total Revenue in 2018

    $ 576.4 Mn

    trending_up Market CAGR of the Next Ten Years

    0.8%

    no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028
    Purchase this report or a membership to unlock the market value (US$ Mn), share (%) and growth rate (%) comparison for this industry.
    • By Type
    • By Region
    • By Application
    no_encryption Leading Companies Financial Highlights
    Purchase this report or a membership to unlock the leading companies financial highlights for this industry.

    trending_up Market Revenue of the Next Ten Years

    $ 577.5 Mn

    The construction industry is another major end-user of the metallurgy industry. Robust growth and recovery of the construction industry in developing and developed economies respectively are expected to provide a stable rise to the global induction market. Furthermore, government initiatives in emerging economies toward infrastructure development are likely to boost the growth of the target market.

    Global Induction Furnace Market Revenue (US$ Mn), 2019–2029 global induction furnace market revenue 2019–2029

    However, one of the significant disadvantages of the induction furnace is that the charge materials need to be clean from oxidation products, and certain critical alloying elements may be lost during the process, which needs to be added back during re-melting. This is one of the major restraints subduing the market growth to a certain extent. Nonetheless, continuous R&D activities towards the development of cost-effective and energy-efficient induction furnaces, particularly in European countries where there are ongoing efforts by the government to increase energy-efficient and clean production of metals are expected to provide lucrative opportunities to the players in the global induction furnace market.

    The global Induction Furnace market is segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into Coreless, Channel. The coreless segment accounts for the majority share and is expected to register the highest growth over the forecast period, followed by the channel segment. On the basis of application, the market is segmented into Melting, Heating & Others The melting segment accounts for a majority share in the global Induction Furnace market.

    Global Induction Furnace Market by Product Type, 2018global induction furnace market by product type 2018

    On the basis of region, the market is segmented into North America, Europe, APAC, South America, and Middle East Africa. The APAC accounts for the majority share in the global Induction Furnace market, owing to increasing spending on pharmaceuticals R&D. MEA is expected to register the highest growth rate over the forecast period. Regions such as Europe and South America are expected to register stable growth over the forecast period.

    The research report on the global Induction Furnace market includes profiles of some of the major companies such as ABP Induction Systems, Electrotherm (India) Limited, Inductotherm Group, Megatherm Group, and Agni Electrical, Indotherm Furnaces Pvt. Ltd., Magnalenz, Pees Induction Equipments Pvt. Ltd., etc.

    Key Market Segments

    Type

    • Coreless Induction Furnace
    • Channel Induction Furnace

    Application

    • Melting
    • Heating & Others

    Key Market Players included in the report:

    • ABP Induction Systems
    • Electrotherm (India) Limited
    • Inductotherm Group
    • Megatherm Group
    • Agni Electrical
    • Indotherm Furnaces Pvt. Ltd.
    • Magnalenz
    • Pees Induction Equipments Pvt. Ltd

    For the Induction Furnace Market research study, the following years have been considered to estimate the market size:

    Attribute Report Details

    Market Size in 2022

    USD 598.4 Mn

    Growth Rate

    1.8%

    Forecast Value in 2032

    USD 615.2 Mn

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Induction Furnace Market
    Induction Furnace Market
    Published date: Dec 2022 • Formats:
    add_shopping_cartBuy Now get_appDownload Sample
    keyboard_arrow_up
  • account_circleAbout Me
  • ondemand_videoVideos
    • Electrotherm
    • Danieli
    • SMS
    • Meltech
    • TENOVA
    • STEEL PLANTECH
    • Doshi
    • IHI
    • DongXong
    • YUEDA
    • Nupro Corporation
    • OTTO JUNKER
    • ECM Technologies
  • settingsSettings

Our Clients

  • Our Clients

Inquiry Before Buying


Induction Furnace Market
  • 53179
  • Dec 2022
    • ★★★★★
      ★★★★★
    • (53)
  • US $5,999
    US $4,499
  • US $7,999
    US $4,999
  • US $9,999
    US $5,499
Buy Now
✖

Request a Sample Report

We'll get back to you as quickly as possible

Single User
$5,999
$4,499
USD / per unit
save 25%
Multi User
$7,999
$4,999
USD / per unit
save 38%
Corporate User
$9,999
$5,499
USD / per unit
save 45%
e-Access
Report Library Access
Data Set (Excel)
Print
Company Profile Library Access
Interactive Dashboard
Free Custumization No up to 10 hrs work up to 30 hrs work
Accessibility 1 User 2-5 User Unlimited
Analyst Support up to 20 hrs up to 40 hrs up to 50 hrs
Benefit Up to 20% off on next purchase Up to 25% off on next purchase Up to 30% off on next purchase
  • location_on420 Lexington Avenue, Suite 300 New York City, NY 10170,
    United States
  • phone+1 718 618 4351 (International)
  • phone+91 78878 22626 (Asia)
  • email[email protected]
  • Facebook Logo
  • Twitter Logo
  • LinkedIn Logo

Find Help

  • Contact Us
  • How to Order

Legal

  • Privacy Policy
  • Refund Policy
  • Frequently Asked Questions
  • Terms and Conditions

Explore

  • About Us
  • All Reports
  • All Sectors
  • Infographics
  • Statistics and Facts
  • Companies
  • Report Library

Secured Payment Options

Secured Payment Options

© 2023 Market.Us. All Rights Reserved.