Global Induction Furnace (IF) Market Growth 2025-2031

Global Induction Furnace (IF) Market Growth 2025-2031

The global Induction Furnace (IF) market size is predicted to grow from US$ 956 million in 2025 to US$ 1220 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Induction Furnace (IF) Industry Forecast” looks at past sales and reviews total world Induction Furnace (IF) sales in 2024, providing a comprehensive analysis by region and market sector of projected Induction Furnace (IF) sales for 2025 through 2031. With Induction Furnace (IF) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Induction Furnace (IF) industry.

This Insight Report provides a comprehensive analysis of the global Induction Furnace (IF) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Induction Furnace (IF) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Induction Furnace (IF) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Induction Furnace (IF) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Induction Furnace (IF).

This report presents a comprehensive overview, market shares, and growth opportunities of Induction Furnace (IF) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Induction Melting Furnace
Induction Heating Furnace

Segmentation by Application:
Non-Ferrous
Ferrous
Specialty Melting

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
OTTO JUNKER
Inductotherm Group
ABP Induction Systems
ECM Technologies
Electrotherm
ENRX
SMS Elotherm
Ajax Tocco
Indotherm
Megatherm
Ningbo Haishun Electronic
Ningbo Shenguang Electric Furnace
Retech Systems
Hebei YUANTUO
Dai-ichi Kiden
Jinlai Electromechanical
Agni Electrical
Shenzhen Shuangping

Key Questions Addressed in this Report

What is the 10-year outlook for the global Induction Furnace (IF) market?

What factors are driving Induction Furnace (IF) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Induction Furnace (IF) market opportunities vary by end market size?

How does Induction Furnace (IF) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.