Global Induction Melting Furnaces Market Growth 2023-2029

Global Induction Melting Furnaces Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Induction Melting Furnaces Industry Forecast” looks at past sales and reviews total world Induction Melting Furnaces sales in 2022, providing a comprehensive analysis by region and market sector of projected Induction Melting Furnaces sales for 2023 through 2029. With Induction Melting Furnaces sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Induction Melting Furnaces industry.
This Insight Report provides a comprehensive analysis of the global Induction Melting Furnaces 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 Melting Furnaces portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Induction Melting Furnaces market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Induction Melting Furnaces and breaks down the forecast by capacity, 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 Melting Furnaces.
The global Induction Melting Furnaces market size is projected to grow from US$ 451.5 million in 2022 to US$ 571.4 million in 2029; it is expected to grow at a CAGR of 571.4 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Induction Melting Furnaces market by product capacity, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by capacity
Capacity: Below 1 Ton
Capacity: 1-30 Tons
Capacity: Above 30 Tons
Segmentation by application
Laboratory
Industrial Manufacturing
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 analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Induction Melting Furnaces market?
What factors are driving Induction Melting Furnaces market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Induction Melting Furnaces market opportunities vary by end market size?
How does Induction Melting Furnaces break out capacity, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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