The global Induction Furnace (IF) market was valued at US$ 929.9 million in 2022 and is projected to reach US$ 1209.5 million by 2029, at a CAGR of 3.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report aims to provide a comprehensive presentation of the global market for Induction Furnace (IF), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Induction Furnace (IF). This report contains market size and forecasts of Induction Furnace (IF) in global, including the following market information:
- Global Induction Furnace (IF) Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Induction Furnace (IF) Market Sales, 2018-2023, 2024-2029, (Units)
- Global top five Induction Furnace (IF) companies in 2022 (%)
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.
We surveyed the Induction Furnace (IF) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Induction Furnace (IF) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Induction Furnace (IF) Market Segment Percentages, by Type, 2022 (%)
- Induction Melting Furnace
- Induction Heating Furnace
Global Induction Furnace (IF) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Induction Furnace (IF) Market Segment Percentages, by Application, 2022 (%)
- Non-Ferrous
- Ferrous
- Specialty Melting
Global Induction Furnace (IF) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Induction Furnace (IF) Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Induction Furnace (IF) revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Induction Furnace (IF) revenues share in global market, 2022 (%)
- Key companies Induction Furnace (IF) sales in global market, 2018-2023 (Estimated), (Units)
- Key companies Induction Furnace (IF) sales share in global market, 2022 (%)
key players include:
- OTTO JUNKER
- Inductotherm Group
- ABP Induction Systems
- ECM Technologies
- Electrotherm
- EFD Induction
- SMS
- Ajax Tocco
- Indotherm
- Megatherm
- Ningbo Haishun Electronic Co., Ltd
- Ningbo Shenguang Electric Furnace Co., Ltd
- Retech Systems LLC
- Hebei YUANTUO
- Dai-ichi Kiden Co.,Ltd
- Jinlai Electromechanical
- Agni Electrical
- Shenzhen Shuangping
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Induction Furnace (IF), market overview.
- Chapter 2: Global Induction Furnace (IF) market size in revenue and volume.
- Chapter 3: Detailed analysis of Induction Furnace (IF) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Induction Furnace (IF) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Induction Furnace (IF) capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
