Global Vacuum Induction Melting Furnace (VIM) Market Growth 2023-2029

Global Vacuum Induction Melting Furnace (VIM) 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 Melting Furnace (VIM) Industry Forecast” looks at past sales and reviews total world Vacuum Induction Melting Furnace (VIM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Vacuum Induction Melting Furnace (VIM) sales for 2023 through 2029. With Vacuum Induction Melting Furnace (VIM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vacuum Induction Melting Furnace (VIM) industry.
This Insight Report provides a comprehensive analysis of the global Vacuum Induction Melting Furnace (VIM) 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 Melting Furnace (VIM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vacuum Induction Melting Furnace (VIM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vacuum Induction Melting Furnace (VIM) and breaks down the forecast by size, 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 Melting Furnace (VIM).
The global Vacuum Induction Melting Furnace (VIM) market size is projected to grow from US$ 101.8 million in 2022 to US$ 131.6 million in 2029; it is expected to grow at a CAGR of 131.6 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 Melting Furnace (VIM) market by product size, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by size
Below 100 Kg
100Kg - 500Kg
Above 500Kg
Segmentation by application
Aerospace
Military
Electronics
Power Engineering
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.
ALD Vacuum Technologies
ULVAC
ECM
Secowarwick
Inductotherm Group (Consarc）
OTTO Junker GmbH
PVA IVS GmbH
HHV
Therelek
Shenyang Jinyan
Hengjin
SIMUWU
Topcast
Ecco High Frequency

Key Questions Addressed in this Report
What is the 10-year outlook for the global Vacuum Induction Melting Furnace (VIM) market?
What factors are driving Vacuum Induction Melting Furnace (VIM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Vacuum Induction Melting Furnace (VIM) market opportunities vary by end market size?
How does Vacuum Induction Melting Furnace (VIM) break out size, 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.