Global Vacuum Induction Melting Furnace VIM Market Research Report 2023(Status and Outlook)

Global Vacuum Induction Melting Furnace VIM Market Research Report 2023(Status and Outlook)

Report Overview

Vacuum induction melting (VIM) utilizes electric currents to melt metal within a vacuum. The first prototype was developed in 1920. Induction heating induces eddy currents within conductors. Eddy currents create heating effects to melt the metal. Vacuum induction melting has been used in both the aerospace and nuclear industries.

The global well-known brands in Vacuum Induction Melting Furnace (VIM)

market include ALD Vacuum Technologies(17.03%) , ULVAC(9.67%) , ECM(5.97%) , Secowarwick(5.69%) , Inductotherm Group (Consarc)(4.68%) , OTTO Junker GmbH(4.24%), PVA IVS GmbH(3.70%) , HHV(2.07%) , Therelek(1.81%) , Shenyang Jinyan(1.50%) , Hengjin(1.46%) , SIMUWU(1.22%) , Topcast(0.77%) , Ecco High Frequency(0.57%) and Others(39.63%).

Based on the Vacuum Induction Melting Furnace (VIM) application, the market is sub-segmented into Aerospace, Military, Electronics, Power Engineering, etc.

In terms of types, all Vacuum Induction Melting Furnace (VIM) can be divided into Below 100 Kg, 100Kg - 500Kg and Above 500Kg.

On basis of geography, the Vacuum Induction Melting Furnace (VIM) is manufactured in India, North America, Europe and Japan.

The Global Vacuum Induction Melting Furnace VIM Market Size was estimated at USD 96.60 million in 2022 and is projected to reach USD 123.74 million by 2029, exhibiting a CAGR of 3.60% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Vacuum Induction Melting Furnace VIM market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Vacuum Induction Melting Furnace VIM Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Vacuum Induction Melting Furnace VIM market in any manner.

Global Vacuum Induction Melting Furnace VIM Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

ALD Vacuum Technologies

ULVAC

ECM

Secowarwick

Inductotherm Group (Consarc）

OTTO Junker GmbH

PVA IVS GmbH

HHV

Therelek

Shenyang Jinyan

Hengjin

SIMUWU

Market Segmentation (by Type)

Below 100 Kg

100Kg - 500Kg

Above 500Kg

Market Segmentation (by Application)

Commercial

Military

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Vacuum Induction Melting Furnace VIM Market

Overview of the regional outlook of the Vacuum Induction Melting Furnace VIM Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors