Induction Furnace Global Market Opportunities And Strategies To 2032

Induction Furnace Market 2023 – By Type (Coreless Induction Furnace, Channel Induction Furnace), By End Use Industries (Steel, Copper, Aluminium, Zinc, Other End Uses), By Furnace Capacity (Up to 1 ton, 1-100 ton, More than 100 ton), And By Region, Opportunities And Strategies – Global Forecast To 2032

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Induction Furnace Global Market Opportunities And Strategies To 2032

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Induction Furnace Market

An induction furnace refers to an electric furnace that is used to melt various metals at high temperatures in manufacturing industries through electromagnetic induction. It is a type of heating and hardening equipment used in a wide variety of industrial settings.

The induction furnace market consists of sales, by entities (organizations, sole traders and partnerships), of induction furnaces that are used for melting and alloying a wide variety of metals with minimum melt losses, however, little refining of the metal is possible. Induction furnaces are heavy-duty furnaces that can melt different kinds of metals such as iron, steel, zinc, copper, aluminium, bronze, silicon, and precious metals such as gold, silver, and platinum.

Induction Furnace Market Size

The global induction furnace market reached a value of nearly $1,071.37 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.2% since 2017. The market is expected to grow from $1,071.37 million in 2022 to $1,463.84 million in 2027 at a rate of 6.4%. The market is then expected to grow at a CAGR of 7.4% from 2027 and reach $2,092.24 million in 2032.    

Growth in the historic period resulted from increased urbanization, increased construction, increased growth of the iron and steel industries, and strong economic growth in emerging markets. Factors that negatively affected growth in the historic period were the coronavirus (COVID-19) outbreak and the reduction in free trade globally.

Going forward, rapid industrialization, the increasing growth of the automotive market, the growing aerospace sector, and the rising global demand for steel and copper will drive the growth. Factors that could hinder the growth of the induction furnace market in the future include the impact of the Russia-Ukraine war and the shortage of skilled labor.

Induction Furnace Market Drivers

The key drivers of the induction furnace market include:

Rapid And Increased Industrialization

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.

Induction Furnace Market Restraints

The key restraints on the induction furnace market include:

Russia-Ukraine War Impact

The Russia-Ukraine war is expected to limit the growth of the induction furnace market in the forecast period. Because of this war, there were major logistics issues, that restricted export geography. The Russian fleet blocked Ukrainian seaports at the start of the war. It ruined Ukrainian seaborne exports, with the Middle East and North Africa (MENA) bearing the brunt of the damage. Ukrainian iron ore, pig iron, and semi-finished steel products were heavily consumed by local steel factories. The first wave of conflict consequences includes supply chain disruption. Ukrainian steel factories ceased output, causing shortages in the EU and the United States. Pig iron supply to the United States were halted for three months. Railway supplies to the EU continue, although quantities have fallen. The average monthly supply of Ukrainian pig iron fell by 87%. Since these countries were traditional importers of Ukrainian pig iron, European and American steel companies were taken aback by this geopolitical event. The economic crisis reduces steel demand and redirects trade flows. For example, Turkey was a traditional steel supplier to the EU. Turkey has been growing more involved in the MENA area since the war. In the first nine months of 2022, India reduced steel shipments to the EU by 45% while increasing steel exports to the Middle East by 16%. Steel prices are being reduced by low-cost steel producers such as Russia, China, and India in order to increase exports.  Therefore, the ongoing Russia-Ukraine war will negatively affect the growth of the induction furnace market going forward.

Induction Furnace Market Trends

Major trends shaping the induction furnace market include:

Increasing Integration of Automation And IoT

The increasing integration of automation and IoT (Internet of Things) induction furnace products is a key trend gaining popularity in the induction furnace market. Automation systems and IoT technologies are rapidly being combined with induction furnaces. Remote monitoring, data analytics, predictive maintenance, and process optimization are all possible. Real-time data gathering and analysis, for example, can assist in identifying and correcting inefficiencies or possible faults in furnace operation.   For instance, in February 2020, Electrotherm, an Indian company involved in the metal fabrication business sector, was able to install, test, and commission a 20-ton induction furnace from Ahmedabad / Delhi in Bahir Dar, Ethiopia, about 4000 km away, thanks to Digital Control in the DTi series of Induction Furnaces. Despite the lack of an engineer from Electrotherm being physically there, commissioning was as easy and successful, due to the Internet of Things (IoT) enabled equipment laced with Artificial Intelligence (AI).

Increasing Development Of Compact And Portable Furnaces

The increasing development of compact and portable furnaces is gaining traction in the induction furnace market. Compact and transportable induction furnaces are becoming more and more common, particularly in mobile or small-scale applications. These furnaces provide convenience and adaptability for specialized melting or heating needs. Examples include mobile induction furnaces used for on-site metal production or jewelry manufacturing.  For instance, in September 2022, the new, portable, multi-purpose MF Quick-Heater 3.0 - 3.5 kW was launched by a Netherlands-based manufacturer and distributor of industrial maintenance equipment, Bega Special Tools, that has a maximum power output of 3.5 kW. This brand-new model is a member of the industrial MF Quick-Heater 3.0 line, which is used to heat various ferromagnetic elements. For mounting, demounting, and preheating reasons, the heater can be deployed. This strong instrument has applications for challenging situations where other systems are impractical to use, and it weighs only 7.85 kg and is of the size to fit in a tiny carrying bag.

Opportunities and Recommendations in Induction Furnace Market

Opportunities –The top opportunities in the induction furnace market segmented by type will arise in the coreless segment, which will gain $262.9 million of global annual sales by 2027. The top opportunities in the induction furnace market segmented by end-use will arise in the steel segment, which will gain $199.8 million of global annual sales by 2027. The top opportunities in the induction furnace market segmented by furnace capacity will arise in the 1-100 ton segment, which will gain $283.3 million of global annual sales by 2027. The induction furnace market size will gain the most in China at $112.8 million.

Recommendations-To take advantage of the opportunities, The Business Research Company recommends the induction furnace companies to focus on adoption of green technologies, focus on product innovations, focus on integration of automation and IOT (internet of things), focus on use of induction stirring technology, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, and continue to target fast-growing end-use industries.

Induction Furnace Market Segmentation

The induction furnace is segmented by type, by end use industries and by furnace capacity
By Type -
The induction furnace market is segmented by type into:
    • a) Coreless Induction Furnace
    • b) Channel Induction Furnace
The coreless market was the largest segment of the induction furnace market segmented by type, accounting for 67.07% of the total in 2022. Going forward, the channel induction furnace segment is expected to be the fastest growing segment in the induction furnace market segmented by type, at a CAGR of 6.5% during 2022-2027.
By End Use Industries-
The induction furnace market is segmented by end use industries into:
    • Steel
    • d) Copper
    • e) Aluminum
    • f) Zinc
    • g) Other End Users
The steel market was the largest segment of the induction furnace market segmented by end use industries, accounting for 52.06% of the total in 2022. Going forward, the aluminium segment is expected to be the fastest growing segment in the induction furnace market segmented by end-use industries, at a CAGR of 6.7% during 2022-2027.
By Furnace Capacity-
The induction furnace market is segmented by furnace capacity into:
    • h) Up To 1 Ton
    • i) 1-100 Ton
    • j) More Than 100 Ton
The 1-100 ton market was the largest segment of the induction furnace market segmented by furnace capacity, accounting for 70.76% of the total in 2022. Going forward, the 1-100 ton segment is expected to be the fastest growing segment in the induction furnace market segmented by furnace capacity, at a CAGR of 6.6% during 2022-2027.
By Geography - The induction furnace market is segmented by geography into:
      o Asia Pacific
      • • China
      • • India
      • • Japan
      • • Australia
      • • Indonesia
      • • South Korea
      o North America
      • • USA
      o South America
      • • Brazil
      o Western Europe
      • • France
      • • Germany
      • • UK
      o Eastern Europe
      • • Russia
      o Middle East
      o Africa
Asia Pacific was the largest region in the induction furnace market, accounting for 42.6% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the induction furnace market will be Asia Pacific and Western Europe where growth will be at CAGRs of 7.4% and 6.2% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 5.9% and 5.5% respectively.

Induction Furnace Market Competitive Landscape

Major Competitors are:

  • Danieli Group
  • SMS Group (SMS Elotherm GmbH)
  • Tenova S.p.A
  • Electrotherm Limited
  • IHI Group
  • Other Competitors Include:

  • Meltech Ltd.
  • ABP Induction Systems
  • Inductotherm Group
  • JP Steel Plantech Co.
  • ECM Technologies
  • 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
  • EMAG eldec Induction GmbH
  • ELTERMA S.A.
  • Inductoheat Europe GmbH
  • PIOMA-ODLEWNIA S.A
  • Electrometalurgica S.A.
  • Induction Technology Corporation
  • Pillar Induction
  • ESC Induction
  • AMLET
  • EMSCO Inc.
  • Ajax Tocco Magnethermic
  • GH Induction group
  • Ajax Tocco Transformadores do Brasil LTDA
  • TermiSoluciones SAS
  • Thermochem Furnaces Pvt. Ltd
  • Amir Industrial Equipments
  • Iran Industrial Furnaces
  • Cerefco
  • MUR Industries CC
    1. Table Of Contents

      1. Executive Summary

      2. Table Of Contents

      3. List Of Figures

      4. List Of Tables

      5. Report Structure

      6. Introduction And Market Characteristics

      6.1. General Market Definition

      6.2. Summary

      6.3. Induction Furnace Market Definition And Segmentations

      6.4. Segmentation By Type

      6.4.1. Coreless Induction Furnace

      6.4.2. Channel Induction Furnace

      6.5. Segmentation By End-Use

      6.5.1. Steel

      6.5.2. Copper

      6.5.3. Aluminium

      6.5.4. Zinc

      6.5.5. Other End Uses

      6.6. Segmentation By Furnace Capacity

      6.6.1. Up To 1 Ton

      6.6.2. 1-100 Ton

      6.6.3. More Than 100 Ton

      7. Major Market Trends

      7.1. Increasing Integration of Automation And IoT

      7.2. Increasing Development Of Compact And Portable Furnaces

      7.3. Increasing Adoption Of Green Technologies

      7.4. Product Innovations

      7.5. Increasing Use Of Induction Stirring Technology

      8. Global Market Size and Growth

      8.1. Market Size

      8.2. Historic Market Growth, 2017 – 2022, Value ($ Million)

      8.2.1. Market Drivers 2017 – 2022

      8.2.2. Market Restraints 2017 – 2022

      8.3. Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      8.3.1. Market Drivers 2022 – 2027

      8.3.2. Market Restraints 2022 – 2027

      9. Global Induction Furnace Market Segmentation

      9.1. Global Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      9.2. Global Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      9.3. Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      10. Induction Furnace Market, Regional and Country Analysis

      10.1. Global Induction Furnace Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      10.2. Global Induction Furnace Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11. Asia-Pacific Market

      11.1. Summary

      11.2. Market Overview

      11.2.1. Region Information

      11.2.2. Market Information

      11.2.3. Background Information

      11.2.4. Government Initiatives

      11.2.5. Regulations

      11.2.6. Regulatory Bodies

      11.2.7. Major Associations

      11.2.8. Taxes Levied

      11.2.9. Corporate Tax Structure

      11.2.10. Investments

      11.2.11. Major Companies

      11.3. Asia-Pacific Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      11.4. Asia-Pacific Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      11.5. Asia-Pacific Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.6. Asia-Pacific Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.7. Asia-Pacific Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.8. Asia-Pacific Induction Furnace Market: Country Analysis

      11.9. China Market

      11.10. Summary

      11.11. Market Overview

      11.11.1. Country Information

      11.11.2. Market Information

      11.11.3. Background Information

      11.11.4. Government Initiatives

      11.11.5. Regulations

      11.11.6. Regulatory Bodies

      11.11.7. Major Associations

      11.11.8. Taxes Levied

      11.11.9. Corporate tax structure

      11.11.10. Investments

      11.11.11. Major Companies

      11.12. China Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      11.13. China Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      11.14. China Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.15. China Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.16. China Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.17. India Market

      11.18. India Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      11.19. India Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      11.20. India Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.21. India Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.22. India Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.23. Japan Market

      11.24. Japan Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      11.25. Japan Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      11.26. Japan Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.27. Japan Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.28. Japan Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.29. Australia Market

      11.30. Australia Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      11.31. Australia Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      11.32. Australia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.33. Australia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.34. Australia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.35. Indonesia Market

      11.36. Indonesia Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      11.37. Indonesia Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      11.38. Indonesia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.39. Indonesia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.40. Indonesia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.41. South Korea Market

      11.42. South Korea Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      11.43. South Korea Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      11.44. South Korea Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.45. South Korea Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.46. South Korea Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12. Western Europe Market

      12.1. Summary

      12.2. Market Overview

      12.2.1. Region Information

      12.2.2. Market Information

      12.2.3. Background Information

      12.2.4. Government Initiatives

      12.2.5. Regulations

      12.2.6. Regulatory Bodies

      12.2.7. Major Associations

      12.2.8. Taxes Levied

      12.2.9. Corporate Tax Structure

      12.2.10. Investments

      12.2.11. Major Companies

      12.3. Western Europe Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.4. Western Europe Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.5. Western Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.6. Western Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.7. Western Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.8. Western Europe Induction Furnace Market: Country Analysis

      12.9. UK Market

      12.10. UK Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.11. UK Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.12. UK Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.13. UK Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.14. UK Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.15. Germany Market

      12.16. Germany Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.17. Germany Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.18. Germany Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.19. Germany Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.20. Germany Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.21. France Market

      12.22. France Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.23. France Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.24. France Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.25. France Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.26. France Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13. Eastern Europe Market

      13.1. Summary

      13.2. Market Overview

      13.2.1. Region Information

      13.2.2. Market Information

      13.2.3. Background Information

      13.2.4. Government Initiatives

      13.2.5. Regulations

      13.2.6. Regulatory Bodies

      13.2.7. Major Associations

      13.2.8. Taxes Levied

      13.2.9. Corporate Tax Structure

      13.2.10. Investments

      13.2.11. Major Companies

      13.3. Eastern Europe Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.4. Eastern Europe Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.5. Eastern Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.6. Eastern Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.7. Eastern Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.8. Eastern Europe Induction Furnace Market: Country Analysis

      13.9. Russia Market

      13.10. Russia Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.11. Russia Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.12. Russia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.13. Russia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.14. Russia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14. North America Market

      14.1. Summary

      14.2. Market Overview

      14.2.1. Region Information

      14.2.2. Market Information

      14.2.3. Background Information

      14.2.4. Government Initiatives

      14.2.5. Regulations

      14.2.6. Regulatory Bodies

      14.2.7. Major Associations

      14.2.8. Taxes Levied

      14.2.9. Corporate Tax Structure

      14.2.10. Investments

      14.2.11. Major Companies

      14.3. North America Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      14.4. North America Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      14.5. North America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.6. North America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.7. North America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.8. North America Induction Furnace Market: Country Analysis

      14.9. USA Market

      14.10. Summary

      14.11. Market Overview

      14.11.1. Country Information

      14.11.2. Market Information

      14.11.3. Background Information

      14.11.4. Government Initiatives

      14.11.5. Regulations

      14.11.6. Regulatory Bodies

      14.11.7. Major Associations

      14.11.8. Taxes Levied

      14.11.9. Corporate Tax Structure

      14.11.10. Investments

      14.11.11. Major Companies

      14.12. USA Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      14.13. USA Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      14.14. USA Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.15. USA Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.16. USA Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15. South America Market

      15.1. Summary

      15.2. Market Overview

      15.2.1. Region Information

      15.2.2. Market Information

      15.2.3. Background Information

      15.2.4. Government Initiatives

      15.2.5. Regulation

      15.2.6. Regulatory Bodies

      15.2.7. Major Association

      15.2.8. Taxes Levied

      15.2.9. Corporate Tax Structure

      15.2.10. Investments

      15.2.11. Major Companies

      15.3. South America Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      15.4. South America Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      15.5. South America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.6. South America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.7. South America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.8. South America Induction Furnace Market: Country Analysis

      15.9. Brazil Market

      15.10. Brazil Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      15.11. Brazil Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      15.12. Brazil Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.13. Brazil Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.14. Brazil Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16. Middle East Market

      16.1. Summary

      16.2. Market Overview

      16.2.1. Region Information

      16.2.2. Market Information

      16.2.3. Background Information

      16.2.4. Government Initiatives

      16.2.5. Regulations

      16.2.6. Regulatory Bodies

      16.2.7. Major Associations

      16.2.8. Taxes Levied

      16.2.9. Corporate Tax Structure

      16.2.10. Investments

      16.2.11. Major Companies

      16.3. Middle East Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      16.4. Middle East Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      16.5. Middle East Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.6. Middle East Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.7. Middle East Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      17. Africa Market

      17.1. Summary

      17.2. Market Overview

      17.2.1. Region Information

      17.2.2. Market Information

      17.2.3. Background information

      17.2.4. Government Initiatives

      17.2.5. Regulations

      17.2.6. Regulatory Bodies

      17.2.7. Major Associations

      17.2.8. Taxes Levied

      17.2.9. Corporate Tax Structure

      17.2.10. Investments

      17.2.11. Major Companies

      17.3. Africa Induction Furnace Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      17.4. Africa Induction Furnace Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      17.5. Africa Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      17.6. Africa Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      17.7. Africa Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      18. Competitive Landscape And Company Profiles

      18.1. Company Profiles

      18.2. Danieli Group

      18.2.1. Company Overview

      18.2.2. Products And Services

      18.2.3. Business Strategy

      18.2.4. Financial Overview

      18.3. SMS Group (SMS Elotherm GmbH)

      18.3.1. Company Overview

      18.3.2. Products And Services

      18.3.3. Financial Overview

      18.4. Tenova S.p.A

      18.4.1. Company Overview

      18.4.2. Products And Services

      18.4.3. Financial Overview

      18.5. Electrotherm Limited

      18.5.1. Company Overview

      18.5.2. Products And Services

      18.5.3. Business Strategy

      18.5.4. Financial Overview

      18.6. IHI Group

      18.6.1. Company Overview

      18.6.2. Products And Services

      18.6.3. Business Strategy

      18.6.4. Financial Overview

      19. Key Mergers and Acquisitions

      19.1. Busch Vacuum Acquired McLaughlin Furnace Group

      19.2. MetalX Acquired SRT Aluminum

      19.3. Ofbusiness Acquired SMW Ispat

      19.4. JTL Integrated Machine Ltd. (JTL) and Trenergy Inc. Acquired Can-Eng Furnaces International Ltd.

      19.5. General Kinematics Acquired CYRUS Schwingtechnik

      19.6. Nitrex Acquired G-M Enterprises

      20. Opportunities And Strategies

      20.1. Global Induction Furnace Market In 2027 – Countries Offering Most New Opportunities

      20.2. Global Induction Furnace Market In 2027 – Segments Offering Most New Opportunities

      20.3. Global Induction Furnace Market In 2027 – Growth Strategies

      20.3.1. Market Trend Based Strategies

      20.3.2. Competitor Strategies

      21. Induction Furnace Market, Conclusions And Recommendations

      21.1. Conclusions

      21.2. Recommendations

      21.2.1. Product

      21.2.2. Place

      21.2.3. Price

      21.2.4. Promotion

      21.2.5. People

      22. Appendix

      22.1. Market Data Sources

      22.2. Research Methodology

      22.3. Currencies

      22.4. The Business Research Company

      22.5. Copyright and Disclaimer

    List Of Tables

      Table 1: Global Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 2: Global Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 3: Global Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 4: Global Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 5: Global Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 6: Global Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 7: Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 8: Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 9: Global Induction Furnace Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 10: Global Induction Furnace Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 11: Global Induction Furnace Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 12: Global Induction Furnace Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 13: Asia-Pacific GDP Per Capita, By Country, 2017-2022, $
    • Table 14: Asia-Pacific Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 15: Asia-Pacific Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 16: Asia-Pacific Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 17: Asia-Pacific Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 18: Asia-Pacific Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 19: Asia-Pacific Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 20: Asia-Pacific Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 21: Asia-Pacific Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 22: China GDP Per Capita, 2017-2022, $
    • Table 23: China Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 24: China Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 25: China Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 26: China Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 27: China Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 28: China Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 29: China Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 30: China Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 31: India Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 32: India Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 33: India Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 34: India Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 35: India Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 36: India Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 37: India Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 38: India Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 39: Japan Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 40: Japan Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 41: Japan Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 42: Japan Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 43: Japan Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 44: Japan Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 45: Japan Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 46: Japan Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 47: Australia Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 48: Australia Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 49: Australia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 50: Australia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 51: Australia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 52: Australia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 53: Australia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 54: Australia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 55: Indonesia Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 56: Indonesia Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 57: Indonesia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 58: Indonesia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 59: Indonesia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 60: Indonesia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 61: Indonesia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 62: Indonesia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 63: South Korea Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 64: South Korea Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 65: South Korea Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 66: South Korea Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 67: South Korea Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 68: South Korea Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 69: South Korea Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 70: South Korea Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 71: Western Europe GDP Per Capita, By Country, 2017-2022, $
    • Table 72: Western Europe Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 73: Western Europe Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 74: Western Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 75: Western Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 76: Western Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 77: Western Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 78: Western Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 79: Western Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 80: UK Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 81: UK Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 82: UK Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 83: UK Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 84: UK Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 85: UK Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 86: UK Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 87: UK Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 88: Germany Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 89: Germany Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 90: Germany Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 91: Germany Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 92: Germany Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 93: Germany Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 94: Germany Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 95: Germany Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 96: France Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 97: France Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 98: France Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 99: France Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 100: France Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 101: France Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 102: France Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 103: France Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 104: Eastern Europe GDP Per Capita, By Country, 2017-2022, $
    • Table 105: Eastern Europe Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 106: Eastern Europe Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 107: Eastern Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 108: Eastern Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 109: Eastern Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 110: Eastern Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 111: Eastern Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 112: Eastern Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 113: Russia Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 114: Russia Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 115: Russia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 116: Russia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 117: Russia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 118: Russia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 119: Russia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 120: Russia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 121: North America GDP Per Capita, By Country, 2017-2022, $
    • Table 122: North America Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 123: North America Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 124: North America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 125: North America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 126: North America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 127: North America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 128: North America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 129: North America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 130: USA GDP Per Capita, 2017-2022, $
    • Table 131: USA Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 132: USA Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 133: USA Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 134: USA Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 135: USA Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 136: USA Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 137: USA Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 138: USA Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 139: South America GDP Per Capita, By Country, 2017-2022, $
    • Table 140: South America Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 141: South America Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 142: South America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 143: South America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 144: South America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 145: South America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 146: South America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 147: South America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 148: Brazil Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 149: Brazil Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 150: Brazil Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 151: Brazil Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 152: Brazil Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 153: Brazil Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 154: Brazil Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 155: Brazil Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 156: Middle East GDP Per Capita, By Country, 2017-2022, $
    • Table 157: Middle East Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 158: Middle East Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 159: Middle East Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 160: Middle East Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 161: Middle East Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 162: Middle East Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 163: Middle East Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 164: Middle East Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 165: Africa GDP Per Capita, By Country, 2017-2022, $
    • Table 166: Africa Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Table 167: Africa Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 168: Africa Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 169: Africa Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 170: Africa Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 171: Africa Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 172: Africa Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Table 173: Africa Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 174: Global Induction Furnace Market, Key Competitor Estimated Market Shares, 2021, Percentage (%)
    • Table 175: Danieli Group – Financial Performance, 2017– 2021, $ Billion
    • Table 176: Electrotherm Limited – Financial Performance, 2017– 2021, $ Million
    • Table 177: IHI Group – Financial Performance, 2017– 2021, $ Billion
    • Table 178: Global Induction Furnace Market Size Gain ($ Million), 2022 – 2027, By Country
    • Table 179: Global Induction Furnace Market Size Gain ($ Million), Segmentation By Type, 2022 – 2027
    • Table 180: Global Induction Furnace Market Size Gain ($ Million), Segmentation By End Use Industries, 2022 – 2027
    • Table 181: Global Induction Furnace Market Size Gain ($ Million), Segmentation By Furnace Capacity, 2022 – 2027
    • Table 182: Induction Furnace - Market Data Sources

    List Of Figures

      Figure 1: Geographic Regions Covered
    • Figure 2: Global Induction Furnace Market Segmentation By Type
    • Figure 3: Global Induction Furnace Market Segmentation By End-Use Industries
    • Figure 4: Global Induction Furnace Market Segmentation By Furnace Capacity
    • Figure 5: Global Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 6: Global Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 7: Global Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 8: Global Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 9: Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 10: Global Induction Furnace Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 11: Global Induction Furnace Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 12: Asia-Pacific Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 13: Asia-Pacific Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 14: Asia-Pacific Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 15: Asia-Pacific Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 16: Asia-Pacific Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 17: China Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 18: China Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 19: China Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 20: China Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 21: China Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 22: India Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 23: India Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 24: India Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 25: India Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 26: India Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 27: Japan Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 28: Japan Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 29: Japan Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 30: Japan Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 31: Japan Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 32: Australia Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 33: Australia Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 34: Australia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 35: Australia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 36: Australia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 37: Indonesia Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 38: Indonesia Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 39: Indonesia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 40: Indonesia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 41: Indonesia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 42: South Korea Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 43: South Korea Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 44: South Korea Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 45: South Korea Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 46: South Korea Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 47: Western Europe Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 48: Western Europe Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 49: Western Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 50: Western Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 51: Western Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 52: UK Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 53: UK Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 54: UK Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 55: UK Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 56: UK Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 57: Germany Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 58: Germany Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 59: Germany Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 60: Germany Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 61: Germany Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 62: France Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 63: France Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 64: France Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 65: France Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 66: France Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 67: Eastern Europe Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 68: Eastern Europe Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 69: Eastern Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 70: Eastern Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 71: Eastern Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 72: Russia Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 73: Russia Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 74: Russia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 75: Russia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 76: Russia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 77: North America Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 78: North America Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 79: North America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 80: North America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 81: North America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 82: USA Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 83: USA Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 84: USA Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 85: USA Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 86: USA Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 87: South America Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 88: South America Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 89: South America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 90: South America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 91: South America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 92: Brazil Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 93: Brazil Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 94: Brazil Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 95: Brazil Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 96: Brazil Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 97: Middle East Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 98: Middle East Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 99: Middle East Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 100: Middle East Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 101: Middle East Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 102: Africa Induction Furnace Market, Historic, 2017 – 2022, $ Million
    • Figure 103: Africa Induction Furnace Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 104: Africa Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 105: Africa Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 106: Africa Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
    • Figure 107: Global Induction Furnace Market, Key Competitor Estimated Market Shares, 2022, Percentage (%)
    • Figure 108: Danieli Group – Financial Performance, 2017– 2021, $ Billion
    • Table 109: SMS Group (SMS Elotherm GmbH) – Financial Performance, 2021, $ Billion
    • Table 110: Tenova S.p.A – Financial Performance, 2021, $ Billion
    • Figure 111: Electrotherm Limited – Financial Performance, 2017– 2021, $ Million
    • Figure 112: IHI Group – Financial Performance, 2017– 2021, $ Billion
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