Induction Furnace Market
Induction Furnace Market Share & Trends Analysis, By Type (Coreless Induction Furnace, Channel Induction Furnace), By End-use Industry (Steel, Copper, Aluminum, Others) & By Region Forecast 2018 to 2028
Analysis of Induction Furnace Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Induction Furnace Market: Introduction
Induction furnace is an electrical furnace in which the heat is generated by induction heat of the metal. Induction capacities range from less than one kilogram to one hundred tonnes, and widely used to melt iron, steel, copper, aluminium and precious metal. The main advantage of the induction furnace is a clean, energy-efficient and well-controllable melting process compared to most other means of metal melting.
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Induction Furnace Market: Dynamics
The key driving factor for the global induction furnace market is persistently developing mining and metallurgy sector, which have resulted in an increased demand for induction furnace across all major developing economies. The macroeconomic factor such as growing industrial activities coupled with up gradation in metal processing & production and an increase in demand for refined metals in many countries is further augmenting the sales for induction furnace.
The significant increase in sales of induction furnace due to the growing concerns regarding efficient & effective operations in industrial operations is highly anticipated to drive the global Induction Furnace market. Moreover, considerable growth in the APEJ & Middle East industrial sector and technological advancement in manufacturing of induction furnace is anticipated to create a significant opportunity for the global induction furnace market.
Additionally, the superior performance characteristics of induction furnace such as fast heating speed, high production efficiency, less decarbonization and decompression, saving materials and forging die costs is highly anticipated to propel the demand for induction furnace. As an induction furnace is used to process precious metal, copper, and aluminium melting and also, it is widely used for alloy manufacturing, thus, induction furnace is gaining huge recognition in foundries across all regions.
All the above mentioned major influencing features are highly anticipated to drive the global induction furnace market over the forecast period. The key restraining factor such as high cost, need for skilled labor and complex installation process of induction furnace may hinder the global induction furnace market growth over the forecast period.
Induction Furnace Market: Regional Outlook
Based on geographies, the global induction furnace market is segmented into seven regions including North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA.
Among the above-mentioned countries, APEJ is estimated to account for a significant market share due to a rise in the industrial activities in countries such as China, India, Indonesia and Australia. North America is anticipated to witness a high growth in the global Induction Furnace market owing to the rise in mining activities in the region.
Moreover, Middle East & Africa is projected to showcase most optimistic growth in the global induction furnace market due to the rise in the construction activities along with an industrial revolution across the region. Europe is one of the key maturing regions that will generate creditable opportunity in the global induction furnace market over the forecast period due to the existence of significant metals.
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Induction Furnace Market: Prominent players
Prominent players for the global induction furnace market are Electrotherm, Danieli, SMS, Meltech, TENOVA, STEEL PLANTECH, Doshi, IHI, DongXong, YUEDA, Nupro Corporation, OTTO JUNKER, ECM Technologies and other key market players. The Induction Furnace market consists of well-diversified global and regional players with the regional vendors ruling their respective regional market.
The research report presents a comprehensive assessment of the induction furnace market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The induction furnace market report provides analysis and information according to market segments such as geographies, application and industry.
The Induction Furnace Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Competitive landscape highlights only certain players
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The Induction Furnace Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The induction furnace report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The induction furnace report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The induction furnace report also maps the qualitative impact of various market factors on market segments and geographies.
The Induction Furnace Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Induction Furnace Market: Segmentation
The global Induction Furnace market is segmented on the basis of type, end-use industry and region.
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Based on the type:
- Coreless
- Channel
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Based on the end-use industry:
- Steel
- Copper
- Aluminum
- Zinc
Channel induction furnace is anticipated to showcase remarkable growth rate during the forecast period due to its higher electrical efficiency than coreless induction furnaces. On the other hand, among end-use industry segment, the steel segment is anticipated to see gradual market growth over the forecast period, attributed to increasing adoption of processed and refined steel across all major applications.
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Type
- 6.2. End-Use Industry
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Coreless
- 7.2. Channel
- 8. Global Market Analysis and Forecast, By End-Use Industry
- 8.1. Steel
- 8.2. Copper
- 8.3. Aluminum
- 8.4. Zinc
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Type and End-Use Industry for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Electrotherm
- 19.2. Danieli
- 19.3. SMS
- 19.4. Meltech
- 19.5. TENOVA
- 19.6. STEEL PLANTECH
- 19.7. Doshi
- 19.8. IHI
- 19.9. DongXong
- 19.10. YUEDA
- 19.11. Nupro Corporation
- 19.12. OTTO JUNKER
- 19.13. ECM Technologies
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Type
Table 3: Global Market US$ Mn Forecast by End-Use Industry
Table 4: North America Market US$ Mn Forecast by Country
Table 5: North America Market US$ Mn Forecast by Type
Table 6: North America Market US$ Mn Forecast by End-Use Industry
Table 7: Latin America Market US$ Mn Forecast by Country
Table 8: Latin America Market US$ Mn Forecast by Type
Table 9: Latin America Market US$ Mn Forecast by End-Use Industry
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Type
Table 12: Western Europe Market US$ Mn Forecast by End-Use Industry
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Type
Table 15: Eastern Europe Market US$ Mn Forecast by End-Use Industry
Table 16: Asia Pacific Market US$ Mn Forecast by Country
Table 17: Asia Pacific Market US$ Mn Forecast by Type
Table 18: Asia Pacific Market US$ Mn Forecast by End-Use Industry
Table 19: East Asia Market US$ Mn Forecast by Country
Table 20: East Asia Market US$ Mn Forecast by Type
Table 21: East Asia Market US$ Mn Forecast by End-Use Industry
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Type
Table 24: MEA Market US$ Mn Forecast by End-Use Industry
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Induction Furnace Market