Global Vacuum Induction Furnaces Market Growth 2023-2029

Global Vacuum Induction Furnaces Market Growth 2023-2029

Vacuum induction melting (VIM) utilizes electric currents to melt metal within a vacuum. The first prototype was developed in 1920. Induction heating induces eddy currents within conductors. Eddy currents create heating effects to melt the metal. Vacuum induction melting has been used in both the aerospace and nuclear industries.

LPI (LP Information)' newest research report, the “Vacuum Induction Furnaces Industry Forecast” looks at past sales and reviews total world Vacuum Induction Furnaces sales in 2022, providing a comprehensive analysis by region and market sector of projected Vacuum Induction Furnaces sales for 2023 through 2029. With Vacuum Induction Furnaces sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vacuum Induction Furnaces industry.

This Insight Report provides a comprehensive analysis of the global Vacuum Induction 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 Vacuum Induction Furnaces portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vacuum Induction Furnaces market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vacuum Induction Furnaces 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 Vacuum Induction Furnaces.

The global Vacuum Induction Furnaces market size is projected to grow from US$ 101.8 million in 2022 to US$ 133.5 million in 2029; it is expected to grow at a CAGR of 133.5 from 2023 to 2029.

Global core vacuum induction melting furnace (VIM) manufacturers include ALD Vacuum, ULVAC and ECM etc. The top 5 companies hold a share about 50%.Asia Pacific is the largest market, with a share about 35%, followed by Europe and North America with the share about 30% and 25%.

This report presents a comprehensive overview, market shares, and growth opportunities of Vacuum Induction Furnaces market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Below 100 KW
100 KW - 2000 KW
2001 KW - 4000 KW
Above 4000 KW

Segmentation by application
University and Laboratory
Metal Processing
Manufacturing Industries
Others

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
Ajax Tocco
ECM Technologies
AMELT
ALD
SECO/WARWICK
ULVAC
SMS
PVA IVS GmbH

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vacuum Induction Furnaces market?

What factors are driving Vacuum Induction Furnaces market growth, globally and by region?

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

How do Vacuum Induction Furnaces market opportunities vary by end market size?

How does Vacuum Induction Furnaces break out type, 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.