Global Induction Melting Furnaces Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Induction Melting Furnaces Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

An Induction Melting Furnace is an electrical furnace in which the heat is applied by induction heating of metal. Induction furnace capacities range from less than one kilogram to more than one hundred tons, and are used to melt iron and steel, copper, aluminum, and precious metals. The advantage of the induction furnace is a clean, energy-efficient and well-controllable melting process compared to most other means of metal melting.

According to our (Global Info Research) latest study, the global Induction Melting Furnaces market size was valued at US$ 492 million in 2023 and is forecast to a readjusted size of USD 613 million by 2030 with a CAGR of 3.2% during review period.

Global players of Induction Melting Furnaces include Inductotherm Group, OTTO Junker GmbH, ABP Induction Systems, ECM Technologies, ALD Vacuum Technologies, Electrotherm and ULVAC, etc. Top five players occupy for share about 36%. China is the largest market, with a share about 29%, followed by North America and Europe. In terms of product, Capacity below 1Ton Induction Melting Furnaces is the largest segment, with a share over 69%. In terms of application, Industrial Manufacturing is the largest segment, with a share over 98%.

This report is a detailed and comprehensive analysis for global Induction Melting Furnaces market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Capacity 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 Melting Furnaces market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2019-2030

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

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

Global Induction Melting Furnaces market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (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 Melting Furnaces

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 Melting Furnaces 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 Inductotherm Group, OTTO Junker GmbH, ABP Induction Systems, ECM Technologies, ALD Vacuum Technologies, Electrotherm, ULVAC, Fuji Dempa, Induction Technology Corporation (ITC), Taichiku, etc.

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

Market Segmentation

Induction Melting Furnaces market is split by Capacity and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Capacity, 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 Capacity
Capacity: Below 1 Ton
Capacity: 1-30 Tons
Capacity: Above 30 Tons

Market segment by Application
Laboratory
Industrial Manufacturing

Major players covered
Inductotherm Group
OTTO Junker GmbH
ABP Induction Systems
ECM Technologies
ALD Vacuum Technologies
Electrotherm
ULVAC
Fuji Dempa
Induction Technology Corporation (ITC)
Taichiku
Amelt Corporation
Secowarwick
Lihua
PVA IVS GmbH
Dai-ichi High Frequency
Magnalenz
HHV
Carant S.r.l.
Therelek
Shenyang Jinyan
Hengjin

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 Melting Furnaces product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Induction Melting Furnaces, with price, sales quantity, revenue, and global market share of Induction Melting Furnaces from 2019 to 2024.

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

Chapter 4, the Induction Melting Furnaces 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 Capacity and by Application, with sales market share and growth rate by Capacity, 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 Melting Furnaces market forecast, by regions, by Capacity, 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 Melting Furnaces.

Chapter 14 and 15, to describe Induction Melting Furnaces sales channel, distributors, customers, research findings and conclusion.