Global Induction Furnace Market Report 2024

Induction Furnace Global Market Report 2024 – By Type (Coreless Induction Furnace, Channel Induction Furnace), By Furnace Capacity (Up To 1 Ton, 1-100 Ton, More Than 100 Ton), By End-Use Industries (Steel, Copper, Aluminum, Zinc, Other End-Use Industries) – Market Size, Trends, And Global Forecast 2024-2033

Induction Furnace Global Market Report 2024

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Induction Furnace Market Definition And Segments

The induction furnace refers to an electric furnace that is used to melt various metals at high temperatures in manufacturing industries. An induction furnace consists of an electric coil carrying an electric current that surrounds the camber of metal, which induces a charge. The circulation of this charge produces a high temperature that melts the metals and is used in making alloys of different metal compositions.

The main types of induction furnaces include coreless induction furnaces and channel induction furnaces. A coreless induction furnace refers to an electric furnace that consists of a coil carrying an electric current around the camber of metal that induces charge. These apply to non-ferrous, ferrous, and specialty melting. The induction furnace is used in the steel industry, copper industry, aluminum industry, and zinc industry, and the furnace capacity ranges from up to 1 ton, 1–100 tons, and more than 100 tons.

The induction furnace market covered in this report is segmented –

1) By Type: Coreless Induction Furnace, Channel Induction Furnace

2) By Furnace Capacity: Up To 1 Ton, 1-100 Ton, More Than 100 Ton

3) By End-Use Industries: Steel, Copper, Aluminum, Zinc., Other End-Use Industries

The induction furnace market size has grown strongly in recent years. It will grow from $1.14 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased urbanization, increased construction, increased growth of the iron and steel industries, and strong economic growth in emerging markets.

The induction furnace market size is expected to see strong growth in the next few years. It will grow to $1.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rapid industrialization, the increasing growth of the automotive market, the growing aerospace sector, and the rising global demand for steel and copper. Major trends in the forecast period include increasing integration of automation and IoT (Internet of things), increasing development of compact and portable furnaces, increasing adoption of green technologies, product innovations, and increasing use of induction stirring technology.

Rising Aerospace Industry Propels Growth In The Induction Furnace Market

The growth of the aerospace industry is expected to propel the growth of the induction furnace market going forward. Aerospace firms commonly use induction furnaces due to their predetermined specifications in manufacturing requirements. In aerospace, the induction furnace provides various applications in the manufacturing of aircraft, such as heat treating, hardening of metals, curing of epoxies and coatings, special materials research and testing, heating and bonding of composite materials, casting of different metals, including titanium and super alloys, vacuum and levitation melting of special alloys, and others. For instance, British aerospace exports are expected to reach $40.3 billion by 2026, an increase of 1.1% year on year on average. In 2021, the United Kingdom was placed fourth, after Germany's $34.5 billion. France, Germany, and the United Kingdom came in second, third, and fourth place, respectively, in this list. Therefore, the increasing growth of the aerospace sector will drive the induction furnace market.

Accelerated Industrialization Spurs Growth In The Induction Furnace Market

The rapid and increased industrialization is expected to drive the growth of the induction furnace market during the forecast period. The macroeconomic variables, such as expanding industrial activity, improved metal output, and rising demand for refined metals in many nations, have accelerated the use of induction furnaces. The procedures used by foundries, manufacturers, mining enterprises, engineering activities, and steel manufacturing firms all depend on specialized industrial induction furnaces. Metallurgical industry induction furnaces, which provide the induction heat required to carry out processing tasks, are at the heart of operations for these industries. The use of induction furnaces in foundries for the production of steel, cast iron, and nonferrous metals has expanded in response to the rising demand for high-quality alloys and metals produced in ecologically sound circumstances. Smelting, steelmaking, metal casting, and heat treatment are a few of the purposes of industrial induction furnaces. For instance, in December 2022, based on three-month moving averages, worldwide industrial production increased 1.5% over the same period the previous year, excluding the United States. For the same period, advanced economies outside of the United States had a decline of less than 0.3%. Following the COVID-19 breakout, the world's industrial production fell, but it gradually recovered over the following months, reaching a peak of 23% in June 2021. Therefore, the rapid and increased industrialization globally is expected to drive the induction furnace market going forward.

Major companies operating in the induction furnace market report are Danieli Group, SMS Group, Tenova S.p.A, Electrotherm Limited, IHI Group, Meltech Ltd., ABP Induction Systems, Inductotherm Group, JP Steel Plantech Co., ECM Technologies, Indotherm Equipment Corporation, Dongguan Jinlai Electromechanical Device Co. Ltd., Guangzhou Durowelder Limited, Shandong Huaxin Electric Furnace Co. Ltd., Xi'an Abundance Electric Technology Co. Ltd., EFD Induction Ltd., Consarc Engineering Ltd., Wallwork Group, eldec Induction GmbH, Inductoheat Europe GmbH, PIOMA-ODLEWNIA S.A, Electrometalurgica S.A., Pillar Induction, ESC Induction, AMLET, EMSCO Inc., Ajax Tocco Magnethermic, Amir Industrial Equipments, Iran Industrial Furnaces, Cerefco, MUR Industries CC, Induction Technology Corporation, GH Induction group, TermiSoluciones SAS, Thermochem Furnaces Pvt. Ltd., ELTERMA S.A

Advancements In Induction Stirring Technology In The Induction Furnace Market

The increasing use of induction stirring technology is gaining popularity in the induction furnace market. Induction furnaces are being equipped with induction stirring technology to increase the homogeneity of molten metal. Using magnetic fields, this method causes the liquid metal to swirl, improving mixing and alloying. In the creation of specialty alloys and high-quality castings, it finds its use. For instance, in December 2021, ABB, a US-based industrial furnace manufacturer, introduced its Tundish EMS solution to help steelmakers get beyond the tundish vessel's restricted capacity to manage the flow of molten metal and, therefore, the quality and temperature of the steel. Utilizing non-contact electromagnetic stirring technology, Tundish EMS is mounted on the exterior of the tundish and produces an electromagnetic field that causes the bath melt to stir. With faster flow rates, the removal of dead zones, and temperature homogeneity, continuous stirring greatly expands the mixing zone volume over almost the full tundish. For steel producers who have many casting strands originating from a single tundish, the use of this electromagnetic stirring technique will be particularly crucial. Greater inclusion removal will result in smoother, cleaner steel and reductions in nozzle clogging.

Enhancing Induction Furnace Technology And Market Presence

Strategic partnerships are the key trend gaining popularity in the induction furnace market. Companies operating in induction furnaces are undergoing partnerships to strengthen their position in the market. For instance, in March 2022, Luna Innovations, a US-based manufacturer of fiber optics for various industries, partnered with Otto Junker GmbH, a Germany-based operator of an induction furnace. Through this partnership, Luna Innovations has strengthened its induction furnace technology by inventing OCP (optical coil protection system) using the fiber optic temperature measurement technology of Otto Junker GmbH. The technology is helping in their melting and heat-treatment facilities by providing highly resolved real-time measurement of the temperature distribution on the exterior lining surface, allowing accurate and reliable temperature monitoring of induction furnaces. Furthermore, in April 2021, GH Induction Atmosphere, an American-based company operating in induction furnaces, partnered with Foka Engineering, a Germany-based company operating in heat treatment networks and induction furnaces. Through this partnership, Foka Engineering would provide a vacuum-based induction furnace solution for the European aerospace market and also aims to support machine installations and maintain new and existing customers.

Busch Vacuum Expands Portfolio With Acquisition Of Mclaughlin Furnace Group

In March 2023, Busch Vacuum, a Germany-based company that manufactures compressors, vacuum pumps, and systems, acquired McLaughlin Furnace Group for an undisclosed amount. With this acquisition, Busch Vacuum offers its customers a more comprehensive range of vacuum services in the heat and metallurgy industries. McLaughlin Furnace Group is a company that manufactures various furnaces.

Asia-Pacific was the largest region in the induction furnace market in 2023. The regions covered in the induction furnace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the induction furnace market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The induction furnace market consists of sales of refractory lining, coil and yokes, tilting frame and furnace cover. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The induction furnace market research report is one of a series of new reports from The Business Research Company that provides induction furnace market statistics, including the induction furnace industry global market size, regional shares, competitors with an induction furnace market share, detailed induction furnace market segments, market trends and opportunities, and any further data you may need to thrive in the induction furnace industry. This induction furnace market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Induction Furnace Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $1.22 billion
Revenue Forecast In 2033 $1.59 billion
Growth Rate CAGR of 6.8% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Coreless Induction Furnace, Channel Induction Furnace
2) By Furnace Capacity: Up To 1 Ton, 1-100 Ton, More Than 100 Ton
3) By End-Use Industries: Steel, Copper, Aluminum, Zinc, Other End-Use Industries
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Danieli Group; SMS Group; Tenova S.p.A; Electrotherm Limited; IHI Group; Meltech Ltd.; ABP Induction Systems; Inductotherm Group; JP Steel Plantech Co.; ECM Technologies; Indotherm Equipment Corporation; Dongguan Jinlai Electromechanical Device Co. Ltd.; Guangzhou Durowelder Limited; Shandong Huaxin Electric Furnace Co. Ltd.; Xi'an Abundance Electric Technology Co. Ltd.; EFD Induction Ltd; Consarc Engineering Ltd; Wallwork Group; eldec Induction GmbH; Inductoheat Europe GmbH; PIOMA-ODLEWNIA S.A; Electrometalurgica S.A.; Pillar Induction; ESC Induction; AMLET; EMSCO Inc.; Ajax Tocco Magnethermic; Amir Industrial Equipments; Iran Industrial Furnaces; Cerefco; MUR Industries CC; Induction Technology Corporation; GH Induction group; TermiSoluciones SAS; Thermochem Furnaces Pvt. Ltd; ELTERMA S.A
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Induction Furnace Market Characteristics

    3. Induction Furnace Market Trends And Strategies

    4. Induction Furnace Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Induction Furnace Market Size and Growth

    5.1. Global Induction Furnace Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Induction Furnace Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Induction Furnace Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Induction Furnace Market Segmentation

    6.1. Global Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Coreless Induction Furnace

    Channel Induction Furnace

    6.2. Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Up To 1 Ton

    1-100 Ton

    More Than 100 Ton

    6.3. Global Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Steel

    Copper

    Aluminium

    Zinc

    Other End-Use Industries

    7. Induction Furnace Market Regional And Country Analysis

    7.1. Global Induction Furnace Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Induction Furnace Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Induction Furnace Market

    8.1. Asia-Pacific Induction Furnace Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Induction Furnace Market

    9.1. China Induction Furnace Market Overview

    9.2. China Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Induction Furnace Market

    10.1. India Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Induction Furnace Market

    11.1. Japan Induction Furnace Market Overview

    11.2. Japan Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Induction Furnace Market

    12.1. Australia Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Induction Furnace Market

    13.1. Indonesia Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Induction Furnace Market

    14.1. South Korea Induction Furnace Market Overview

    14.2. South Korea Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Induction Furnace Market

    15.1. Western Europe Induction Furnace Market Overview

    15.2. Western Europe Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Induction Furnace Market

    16.1. UK Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Induction Furnace Market

    17.1. Germany Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Induction Furnace Market

    18.1. France Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Induction Furnace Market

    19.1. Italy Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Induction Furnace Market

    20.1. Spain Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Induction Furnace Market

    21.1. Eastern Europe Induction Furnace Market Overview

    21.2. Eastern Europe Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Induction Furnace Market

    22.1. Russia Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Induction Furnace Market

    23.1. North America Induction Furnace Market Overview

    23.2. North America Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Induction Furnace Market

    24.1. USA Induction Furnace Market Overview

    24.2. USA Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Induction Furnace Market

    25.1. Canada Induction Furnace Market Overview

    25.2. Canada Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Induction Furnace Market

    26.1. South America Induction Furnace Market Overview

    26.2. South America Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Induction Furnace Market

    27.1. Brazil Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Induction Furnace Market

    28.1. Middle East Induction Furnace Market Overview

    28.2. Middle East Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Induction Furnace Market

    29.1. Africa Induction Furnace Market Overview

    29.2. Africa Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Induction Furnace Market Competitive Landscape And Company Profiles

    30.1. Induction Furnace Market Competitive Landscape

    30.2. Induction Furnace Market Company Profiles

    30.2.1. Danieli Group

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. SMS Group

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Tenova S.p.A

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Electrotherm Limited

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. IHI Group

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Induction Furnace Market Other Major And Innovative Companies

    31.1. Meltech Ltd.

    31.2. ABP Induction Systems

    31.3. Inductotherm Group

    31.4. JP Steel Plantech Co.

    31.5. ECM Technologies

    31.6. Indotherm Equipment Corporation

    31.7. Dongguan Jinlai Electromechanical Device Co. Ltd.

    31.8. Guangzhou Durowelder Limited

    31.9. Shandong Huaxin Electric Furnace Co. Ltd.

    31.10. Xi'an Abundance Electric Technology Co. Ltd.

    31.11. EFD Induction Ltd

    31.12. Consarc Engineering Ltd

    31.13. Wallwork Group

    31.14. eldec Induction GmbH

    31.15. Inductoheat Europe GmbH

    32. Global Induction Furnace Market Competitive Benchmarking

    33. Global Induction Furnace Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Induction Furnace Market

    35. Induction Furnace Market Future Outlook and Potential Analysis

    35.1 Induction Furnace Market In 2028 - Countries Offering Most New Opportunities

    35.2 Induction Furnace Market In 2028 - Segments Offering Most New Opportunities

    35.3 Induction Furnace Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Induction Furnace Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Induction Furnace Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Danieli Group Financial Performance
  • Table 75: SMS Group Financial Performance
  • Table 76: Tenova S.p.A Financial Performance
  • Table 77: Electrotherm Limited Financial Performance
  • Table 78: IHI Group Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Induction Furnace Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Induction Furnace Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Danieli Group Financial Performance
  • Figure 75: SMS Group Financial Performance
  • Figure 76: Tenova S.p.A Financial Performance
  • Figure 77: Electrotherm Limited Financial Performance
  • Figure 78: IHI Group Financial Performance
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Frequently Asked Questions

What is the definition of the induction furnace market?

The induction furnace refers to an electric furnace that is used to melt various metals at high temperatures in manufacturing industries. An induction furnace consists of an electric coil carrying an electric current that surrounds the camber of metal, which induces a charge. The circulation of this charge produces a high temperature that melts the metals and is used in making alloys of different metal compositions. For further insights on the induction furnace market, request a sample here

How will the induction furnace market drivers and restraints affect the induction furnace market dynamics? What forces will shape the induction furnace industry going forward?

The induction furnace market major growth driver - Rising Aerospace Industry Propels Growth In The Induction Furnace Market. For further insights on the induction furnace market, request a sample here

What is the forecast market size or the forecast market value of the induction furnace market?

The induction furnace market size has grown strongly in recent years. It will grow from $1.14 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased urbanization, increased construction, increased growth of the iron and steel industries, and strong economic growth in emerging markets. The induction furnace market size is expected to see strong growth in the next few years. It will grow to $1.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rapid industrialization, the increasing growth of the automotive market, the growing aerospace sector, and the rising global demand for steel and copper . Major trends in the forecast period include increasing integration of automation and iot (internet of things), increasing development of compact and portable furnaces, increasing adoption of green technologies, product innovations, and increasing use of induction stirring technology. For further insights on the induction furnace market, request a sample here

How is the induction furnace market segmented?

The induction furnace market is segmented
1) By Type: Coreless Induction Furnace, Channel Induction Furnace
2) By Furnace Capacity: Up To 1 Ton, 1-100 Ton, More Than 100 Ton
3) By End-Use Industries: Steel, Copper, Aluminium, Zinc, Other End-Use IndustriesFor further insights on the induction furnace market,
request a sample here

Which region has the largest share of the induction furnace market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the induction furnace market in 2023. The regions covered in the induction furnace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the induction furnace market, request a sample here.

Who are the major players in the induction furnace market?

Major companies operating in the induction furnace market report are Danieli Group, SMS Group, Tenova S.p.A, Electrotherm Limited, IHI Group, Meltech Ltd., ABP Induction Systems, Inductotherm Group, JP Steel Plantech Co., ECM Technologies, Indotherm Equipment Corporation, Dongguan Jinlai Electromechanical Device Co. Ltd., Guangzhou Durowelder Limited, Shandong Huaxin Electric Furnace Co. Ltd., Xi'an Abundance Electric Technology Co. Ltd., EFD Induction Ltd, Consarc Engineering Ltd, Wallwork Group, eldec Induction GmbH, Inductoheat Europe GmbH, PIOMA-ODLEWNIA S.A, Electrometalurgica S.A., Pillar Induction, ESC Induction, AMLET, EMSCO Inc., Ajax Tocco Magnethermic, Amir Industrial Equipments, Iran Industrial Furnaces, Cerefco, MUR Industries CC, Induction Technology Corporation, GH Induction group, TermiSoluciones SAS, Thermochem Furnaces Pvt. Ltd, ELTERMA S.A For further insights on the induction furnace market, request a sample here.

What are the key trends in the induction furnace market?

Major trend in the induction furnace market - Advancements In Induction Stirring Technology In The Induction Furnace Market. For further insights on the induction furnace market, request a sample here.

What are the major opportunities in the induction furnace market? What are the strategies for the induction furnace market?

For detailed insights on the major opportunities and strategies in the induction furnace market, request a sample here.

How does the induction furnace market relate to the overall economy and other similar markets?

For detailed insights on induction furnace market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the induction furnace industry?

For detailed insights on the mergers and acquisitions in the induction furnace industry, request a sample here.

What are the key dynamics influencing the induction furnace market growth? SWOT analysis of the induction furnace market.

For detailed insights on the key dynamics influencing the induction furnace market growth and SWOT analysis of the induction furnace industry, request a sample here.