Global Induction Furnace (IF) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Induction Furnace (IF) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Induction furnace is an electrical furnace that facilitates melting of metal using induction heating. It is an energy-efficient and easily-controlled melting process, based on the heating effect of the electromagnetic field.

A typical induction furnace comprises inductor coil, shell, crucible, and cooling system, and a tilting mechanism for pouring the molten metal. The inductor coil generates magnetic flux as alternating current passes through it. It is the magnetic flux that creates the heating effect inside the furnace.

According to our (Global Info Research) latest study, the global Induction Furnace (IF) market size was valued at US$ 970 million in 2023 and is forecast to a readjusted size of USD 1265 million by 2030 with a CAGR of 3.9% during review period.

Asia-Pacific held a key market revenue share of the linear motor market in 2019 which account for 66.26%. In 2019, OTTO JUNKER, Inductotherm Group, ABP Induction Systems ranked top 3 of the revenue share in global market. These companies will witness a stable growth in the following five years.

This report is a detailed and comprehensive analysis for global Induction Furnace (IF) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Induction Furnace (IF) market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2019-2030

Global Induction Furnace (IF) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2019-2030

Global Induction Furnace (IF) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2019-2030

Global Induction Furnace (IF) market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K USD/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Induction Furnace (IF)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Induction Furnace (IF) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include OTTO JUNKER, Inductotherm Group, ABP Induction Systems, ECM Technologies, Electrotherm, EFD Induction, SMS, Ajax Tocco, Indotherm, Megatherm, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Induction Furnace (IF) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Induction Melting Furnace
Induction Heating Furnace

Market segment by Application
Non-Ferrous
Ferrous
Specialty Melting

Major players covered
OTTO JUNKER
Inductotherm Group
ABP Induction Systems
ECM Technologies
Electrotherm
EFD Induction
SMS
Ajax Tocco
Indotherm
Megatherm
Ningbo Haishun Electronic Co., Ltd
Ningbo Shenguang Electric Furnace Co., Ltd
Retech Systems LLC
Hebei YUANTUO
Dai-ichi Kiden Co.,Ltd
Jinlai Electromechanical
Agni Electrical
Shenzhen Shuangping

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Induction Furnace (IF) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Induction Furnace (IF), with price, sales quantity, revenue, and global market share of Induction Furnace (IF) from 2019 to 2024.

Chapter 3, the Induction Furnace (IF) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Induction Furnace (IF) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Induction Furnace (IF) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Induction Furnace (IF).

Chapter 14 and 15, to describe Induction Furnace (IF) sales channel, distributors, customers, research findings and conclusion.