Induction Furnace Market In India 2024-2028
The induction furnace market in India is forecasted to grow by USD 84.85 mn during 2023-2028, accelerating at a CAGR of 6.9% during the forecast period. The report on the induction furnace market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for steel and alloys in India, increasing government support to boost industrial growth in India, and the growing foundry industry in India.
Technavio's induction furnace market in India is segmented as below:
By Type
Channel induction furnaces
Coreless induction furnaces
By End-user
Steel industry
Copper industry
Aluminum industry
Zinc industry
By Capacity
More than 100 ton
Upto 1 ton
By Geography
APAC
This study identifies the equipment as a service as one of the prime reasons driving the induction furnace market in India's growth during the next few years. Also, increasing private ownership in the global steel industry and growing digitalization and industry 4.0 integration in the furnacing industry will lead to sizable demand in the market.
The report on the induction furnace market in India covers the following areas:
Induction furnace market in India sizing
Induction furnace market in India forecast
Induction furnace market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading induction furnace market in India vendors that include Agni Electrical Pvt. Ltd., Electro Power Enterprise, Eltech Electrodesigns and Energy Systems Pvt. Ltd., Foster Induction Pvt. Ltd., Heatcon Sensors Pvt. Ltd., HK Malvi Industries, Indotherm Furnace Pvt. Ltd., Inductotherm Group, Jyoti CNC Automation Ltd., Magnalenz, Megatherm Electronics Pvt. Ltd., Microtech Inductions Pvt. Ltd., Naksh Induction, Nutrotherm Induction, Orbit Induction, Plasma Induction India Pvt. Ltd., Priyanka Induction Supermelt, Shapet Induction Co., and Srishtech Metal Casting Pvt. Ltd.. Also, the induction furnace market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
- Executive Summary
- Market overview
- Table Executive Summary – Chart on Market Overview
- Table Executive Summary – Data Table on Market Overview
- Table Executive Summary – Chart on Country Market Characteristics
- Table Executive Summary – Chart on Market Segmentation by Type
- Table Executive Summary – Chart on Market Segmentation by End-user
- Table Executive Summary – Chart on Market Segmentation by Capacity
- Table Executive Summary – Chart on Vendor Market Positioning
- Market overview
- Market Landscape
- Market ecosystem
- Table Parent market
- Table Market Characteristics
- Market ecosystem
- Market Sizing
- Market definition
- Table Offerings of vendors included in the market definition
- Market segment analysis
- Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
- Table Chart on India - Market size and forecast 2023-2028 ($ million)
- Table Data Table on India - Market size and forecast 2023-2028 ($ million)
- Table Chart on India: Year-over-year growth 2023-2028 (%)
- Table Data Table on India: Year-over-year growth 2023-2028 (%)
- Market definition
- Historic Market Size
- Induction furnace market in India 2018 - 2022
- Table Historic Market Size – Data Table on induction furnace market in India 2018 - 2022 ($ million)
- Type Segment Analysis 2018 - 2022
- Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
- End-user Segment Analysis 2018 - 2022
- Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
- Capacity Segment Analysis 2018 - 2022
- Table Historic Market Size – Capacity Segment 2018 - 2022 ($ million)
- Induction furnace market in India 2018 - 2022
- Five Forces Analysis
- Five forces summary
- Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
- Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
- Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
- Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
- Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
- Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
- Table Chart on Market condition - Five forces 2023 and 2028
- Five forces summary
- Market Segmentation by Type
- Market segments
- Table Chart on Type - Market share 2023-2028 (%)
- Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
- Table Chart on Comparison by Type
- Table Data Table on Comparison by Type
- Channel induction furnaces - Market size and forecast 2023-2028
- Table Chart on Channel induction furnaces - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Channel induction furnaces - Market size and forecast 2023-2028 ($ million)
- Table Chart on Channel induction furnaces - Year-over-year growth 2023-2028 (%)
- Table Data Table on Channel induction furnaces - Year-over-year growth 2023-2028 (%)
- Coreless induction furnaces - Market size and forecast 2023-2028
- Table Chart on Coreless induction furnaces - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Coreless induction furnaces - Market size and forecast 2023-2028 ($ million)
- Table Chart on Coreless induction furnaces - Year-over-year growth 2023-2028 (%)
- Table Data Table on Coreless induction furnaces - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
- Table Market opportunity by Type ($ million)
- Table Data Table on Market opportunity by Type ($ million)
- Market segments
- Market Segmentation by End-user
- Market segments
- Table Chart on End-user - Market share 2023-2028 (%)
- Table Data Table on End-user - Market share 2023-2028 (%)
- Comparison by End-user
- Table Chart on Comparison by End-user
- Table Data Table on Comparison by End-user
- Steel industry - Market size and forecast 2023-2028
- Table Chart on Steel industry - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Steel industry - Market size and forecast 2023-2028 ($ million)
- Table Chart on Steel industry - Year-over-year growth 2023-2028 (%)
- Table Data Table on Steel industry - Year-over-year growth 2023-2028 (%)
- Copper industry - Market size and forecast 2023-2028
- Table Chart on Copper industry - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Copper industry - Market size and forecast 2023-2028 ($ million)
- Table Chart on Copper industry - Year-over-year growth 2023-2028 (%)
- Table Data Table on Copper industry - Year-over-year growth 2023-2028 (%)
- Aluminum industry - Market size and forecast 2023-2028
- Table Chart on Aluminum industry - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Aluminum industry - Market size and forecast 2023-2028 ($ million)
- Table Chart on Aluminum industry - Year-over-year growth 2023-2028 (%)
- Table Data Table on Aluminum industry - Year-over-year growth 2023-2028 (%)
- Zinc industry - Market size and forecast 2023-2028
- Table Chart on Zinc industry - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Zinc industry - Market size and forecast 2023-2028 ($ million)
- Table Chart on Zinc industry - Year-over-year growth 2023-2028 (%)
- Table Data Table on Zinc industry - Year-over-year growth 2023-2028 (%)
- Market opportunity by End-user
- Table Market opportunity by End-user ($ million)
- Table Data Table on Market opportunity by End-user ($ million)
- Market segments
- Market Segmentation by Capacity
- Market segments
- Table Chart on Capacity - Market share 2023-2028 (%)
- Table Data Table on Capacity - Market share 2023-2028 (%)
- Comparison by Capacity
- Table Chart on Comparison by Capacity
- Table Data Table on Comparison by Capacity
- More than 100 ton - Market size and forecast 2023-2028
- Table Chart on More than 100 ton - Market size and forecast 2023-2028 ($ million)
- Table Data Table on More than 100 ton - Market size and forecast 2023-2028 ($ million)
- Table Chart on More than 100 ton - Year-over-year growth 2023-2028 (%)
- Table Data Table on More than 100 ton - Year-over-year growth 2023-2028 (%)
- Upto 1 ton - Market size and forecast 2023-2028
- Table Chart on Upto 1 ton - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Upto 1 ton - Market size and forecast 2023-2028 ($ million)
- Table Chart on Upto 1 ton - Year-over-year growth 2023-2028 (%)
- Table Data Table on Upto 1 ton - Year-over-year growth 2023-2028 (%)
- Market opportunity by Capacity
- Table Market opportunity by Capacity ($ million)
- Table Data Table on Market opportunity by Capacity ($ million)
- Market segments
- Customer Landscape
- Customer landscape overview
- Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Customer landscape overview
- Drivers, Challenges, and Trends
- Market drivers
- Rising demand for steel and alloys in India
- Increasing government support to boost industrial growth in India
- Growing foundry industry in India
- Market challenges
- Shortage of highly skilled manpower
- Intense competition within furnace industry
- Environmental regulations related to industrial activities
- Impact of drivers and challenges
- Table Impact of drivers and challenges in 2023 and 2028
- Market trends
- Equipment as a service
- Increasing private ownership in the global steel industry
- Growing digitalization and Industry 4.0 integration in furnacing industry
- Market drivers
- Vendor Landscape
- Overview
- Vendor landscape
- Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
- Table Overview on factors of disruption
- Industry risks
- Table Impact of key risks on business
- Vendor Analysis
- Vendors covered
- Table Vendors covered
- Market positioning of vendors
- Table Matrix on vendor position and classification
- Agni Electrical Pvt. Ltd.
- Table Agni Electrical Pvt. Ltd. - Overview
- Table Agni Electrical Pvt. Ltd. - Product / Service
- Table Agni Electrical Pvt. Ltd. - Key offerings
- Electro Power Enterprise
- Table Electro Power Enterprise - Overview
- Table Electro Power Enterprise - Product / Service
- Table Electro Power Enterprise - Key offerings
- Eltech Electrodesigns and Energy Systems Pvt. Ltd.
- Table Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Overview
- Table Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Product / Service
- Table Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Key offerings
- Foster Induction Pvt. Ltd.
- Table Foster Induction Pvt. Ltd. - Overview
- Table Foster Induction Pvt. Ltd. - Product / Service
- Table Foster Induction Pvt. Ltd. - Key offerings
- Heatcon Sensors Pvt. Ltd.
- Table Heatcon Sensors Pvt. Ltd. - Overview
- Table Heatcon Sensors Pvt. Ltd. - Product / Service
- Table Heatcon Sensors Pvt. Ltd. - Key offerings
- HK Malvi Industries
- Table HK Malvi Industries - Overview
- Table HK Malvi Industries - Product / Service
- Table HK Malvi Industries - Key offerings
- Indotherm Furnace Pvt. Ltd.
- Table Indotherm Furnace Pvt. Ltd. - Overview
- Table Indotherm Furnace Pvt. Ltd. - Product / Service
- Table Indotherm Furnace Pvt. Ltd. - Key offerings
- Inductotherm Group
- Table Inductotherm Group - Overview
- Table Inductotherm Group - Product / Service
- Table Inductotherm Group - Key offerings
- Jyoti CNC Automation Ltd.
- Table Jyoti CNC Automation Ltd. - Overview
- Table Jyoti CNC Automation Ltd. - Product / Service
- Table Jyoti CNC Automation Ltd. - Key offerings
- Magnalenz
- Table Magnalenz - Overview
- Table Magnalenz - Product / Service
- Table Magnalenz - Key offerings
- Megatherm Electronics Pvt. Ltd.
- Table Megatherm Electronics Pvt. Ltd. - Overview
- Table Megatherm Electronics Pvt. Ltd. - Product / Service
- Table Megatherm Electronics Pvt. Ltd. - Key offerings
- Microtech Inductions Pvt. Ltd.
- Table Microtech Inductions Pvt. Ltd. - Overview
- Table Microtech Inductions Pvt. Ltd. - Product / Service
- Table Microtech Inductions Pvt. Ltd. - Key offerings
- Naksh Induction
- Table Naksh Induction - Overview
- Table Naksh Induction - Product / Service
- Table Naksh Induction - Key offerings
- Nutrotherm Induction
- Table Nutrotherm Induction - Overview
- Table Nutrotherm Induction - Product / Service
- Table Nutrotherm Induction - Key offerings
- Orbit Induction
- Table Orbit Induction - Overview
- Table Orbit Induction - Product / Service
- Table Orbit Induction - Key offerings
- Vendors covered
- Appendix
- Scope of the report
- Market definition
- Objectives
- Notes and caveats
- Inclusions and exclusions checklist
- Table Inclusions checklist
- Table Exclusions checklist
- Currency conversion rates for US$
- Table Currency conversion rates for US$
- Research methodology
- Table Research methodology
- Table Validation techniques employed for market sizing
- Table Information sources
- List of abbreviations
- Table List of abbreviations
- Scope of the report
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