Induction Furnace Global Market Report 2024

Global Induction Furnace Market Report 2024

Induction Furnace Global Market Report 2024 – By Type (Coreless Induction Furnace, Channel Induction Furnace), By Furnace Capacity (Up To 1 Ton, 1-100 Ton, More Than 100 Ton), By End-Use Industries (Steel, Copper, Aluminum, Zinc, Other End-Use Industries) – Market Size, Trends, And Global Forecast 2024-2033

Name: Induction Furnace Global Market Report 2024
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Induction Furnace Global Market Report 2024

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Induction Furnace Market Definition

The induction furnace refers to an electric furnace that is used to melt various metals at high temperatures in manufacturing industries. An induction furnace consists of an electric coil carrying an electric current that surrounds the camber of metal, which induces a charge. The circulation of this charge produces a high temperature that melts the metals and is used in making alloys of different metal compositions.

The main types of induction furnaces include coreless induction furnaces and channel induction furnaces. A coreless induction furnace refers to an electric furnace that consists of a coil carrying an electric current around the camber of metal that induces charge. These apply to non-ferrous, ferrous, and specialty melting. The induction furnace is used in the steel industry, copper industry, aluminum industry, and zinc industry, and the furnace capacity ranges from up to 1 ton; 1–100 tons; and more than 100 tons.

Induction Furnace Market Segmentation

The induction furnace market covered in this report is segmented –

1) By Type: Coreless Induction Furnace, Channel Induction Furnace

2) By Furnace Capacity: Up To 1 Ton, 1-100 Ton, More Than 100 Ton

3) By End-Use Industries: Steel, Copper, Aluminium, Zinc, Other End-Use Industries

Global Induction Furnace Market Size 2023 to 2028: Graph

Induction Furnace Market Size 2024 And Growth Rate

The induction furnace market size has grown strongly in recent years. It will grow from $1.14 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased urbanization, increased construction, increased growth of the iron and steel industries, and strong economic growth in emerging markets.

Induction Furnace Market Growth Forecast

The induction furnace market size is expected to see strong growth in the next few years. It will grow to $1.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rapid industrialization, the increasing growth of the automotive market, the growing aerospace sector, and the rising global demand for steel and copper. Major trends in the forecast period include increasing integration of automation and iot (internet of things), increasing development of compact and portable furnaces, increasing adoption of green technologies, product innovations, and increasing use of induction stirring technology.

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Induction Furnace Market Driver: Rising Aerospace Industry Propels Growth In The Induction Furnace Market

The growth of the aerospace industry is expected to propel the growth of the induction furnace market going forward. Aerospace firms commonly use induction furnaces due to their predetermined specifications in manufacturing requirements. In aerospace, the induction furnace provides various applications in the manufacturing of aircraft, such as heat treating, hardening of metals, curing of epoxies and coatings, special materials research and testing, heating and bonding of composite materials, casting of different metals, including titanium and super alloys, vacuum and levitation melting of special alloys, and others. For instance, British aerospace exports are expected to reach $40.3 billion by 2026, an increase of 1.1% year on year on average. In 2021, the United Kingdom was placed fourth, after Germany's $34.5 billion. France, Germany, and the United Kingdom came in second, third, and fourth place, respectively, in this list. Therefore, the increasing growth of the aerospace sector will drive the induction furnace market.

Induction Furnace Market Driver: Accelerated Industrialization Spurs Growth In The Induction Furnace Market

The rapid and increased industrialization is expected to drive the growth of the induction furnace market during the forecast period. The macroeconomic variables, such as expanding industrial activity, improved metal output, and rising demand for refined metals in many nations, have accelerated the use of induction furnaces. The procedures used by foundries, manufacturers, mining enterprises, engineering activities, and steel manufacturing firms all depend on specialized industrial induction furnaces. Metallurgical industry induction furnaces, which provide the induction heat required to carry out processing tasks, are at the heart of operations for these industries. The use of induction furnaces in foundries for the production of steel, cast iron, and nonferrous metals has expanded in response to the rising demand for high-quality alloys and metals produced in ecologically sound circumstances. Smelting, steelmaking, metal casting, and heat treatment are a few of the purposes of industrial induction furnaces. For instance, in December 2022, based on three-month moving averages, worldwide industrial production increased 1.5% over the same period the previous year, excluding the United States. For the same period, advanced economies outside of the United States had a decline of less than 0.3%. Following the COVID-19 breakout, the world's industrial production fell, but it gradually recovered over the following months, reaching a peak of 23% in June 2021. Therefore, the rapid and increased industrialization globally is expected to drive the induction furnace market going forward.

Global Induction Furnace Market Major Players

Major companies operating in the induction furnace market report are Danieli Group, SMS Group, Tenova S.p.A, Electrotherm Limited, IHI Group, Meltech Ltd., ABP Induction Systems, Inductotherm Group, JP Steel Plantech Co., ECM Technologies, Indotherm Equipment Corporation, Dongguan Jinlai Electromechanical Device Co. Ltd., Guangzhou Durowelder Limited, Shandong Huaxin Electric Furnace Co. Ltd., Xi'an Abundance Electric Technology Co. Ltd., EFD Induction Ltd, Consarc Engineering Ltd, Wallwork Group, eldec Induction GmbH, Inductoheat Europe GmbH, PIOMA-ODLEWNIA S.A, Electrometalurgica S.A., Pillar Induction, ESC Induction, AMLET, EMSCO Inc., Ajax Tocco Magnethermic, Amir Industrial Equipments, Iran Industrial Furnaces, Cerefco, MUR Industries CC, Induction Technology Corporation, GH Induction group, TermiSoluciones SAS, Thermochem Furnaces Pvt. Ltd, ELTERMA S.A

Global Induction Furnace Market Trend: Advancements In Induction Stirring Technology In The Induction Furnace Market

The increasing use of induction stirring technology is gaining popularity in the induction furnace market. Induction furnaces are being equipped with induction stirring technology to increase the homogeneity of molten metal. Using magnetic fields, this method causes the liquid metal to swirl, improving mixing and alloying. In the creation of specialty alloys and high-quality castings, it finds its use. For instance, in December 2021, ABB, a US-based industrial furnace manufacturer, introduced its Tundish EMS solution to help steelmakers get beyond the tundish vessel's restricted capacity to manage the flow of molten metal and, therefore, the quality and temperature of the steel. Utilizing non-contact electromagnetic stirring technology, Tundish EMS is mounted on the exterior of the tundish and produces an electromagnetic field that causes the bath melt to stir. With faster flow rates, the removal of dead zones, and temperature homogeneity, continuous stirring greatly expands the mixing zone volume over almost the full tundish. For steel producers who have many casting strands originating from a single tundish, the use of this electromagnetic stirring technique will be particularly crucial. Greater inclusion removal will result in smoother, cleaner steel and reductions in nozzle clogging.

Global Induction Furnace Market Trend: Enhancing Induction Furnace Technology And Market Presence

Strategic partnerships are the key trend gaining popularity in the induction furnace market. Companies operating in induction furnaces are undergoing partnerships to strengthen their position in the market. For instance, in March 2022, Luna Innovations, a US-based manufacturer of fiber optics for various industries, partnered with Otto Junker GmbH, a Germany-based operator of an induction furnace. Through this partnership, Luna Innovations has strengthened its induction furnace technology by inventing OCP (optical coil protection system) using the fiber optic temperature measurement technology of Otto Junker GmbH. The technology is helping in their melting and heat-treatment facilities by providing highly resolved real-time measurement of the temperature distribution on the exterior lining surface, allowing accurate and reliable temperature monitoring of induction furnaces. Furthermore, in April 2021, GH Induction Atmosphere, an American-based company operating in induction furnaces, partnered with Foka Engineering, a Germany-based company operating in heat treatment networks and induction furnaces. Through this partnership, Foka Engineering would provide a vacuum-based induction furnace solution for the European aerospace market and also aims to support machine installations and maintain new and existing customers.

Induction Furnace Market Merger And Acquisition: Busch Vacuum Expands Portfolio With Acquisition Of Mclaughlin Furnace Group

In March 2023, Busch Vacuum, a Germany-based company that manufactures compressors, vacuum pumps, and systems acquired McLaughlin Furnace Group for an undisclosed amount. With this acquisition, Busch Vacuum offers its customers a more comprehensive range of vacuum services in the heat and metallurgy industries. McLaughlin Furnace Group is a company that manufactures various furnaces.

Regional Analysis For The Global Induction Furnace Market

Asia-Pacific was the largest region in the induction furnace market in 2023. The regions covered in the induction furnace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the induction furnace market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The induction furnace market consists of sales of refractory lining, coil and yokes, tilting frame and furnace cover. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The induction furnace market research report is one of a series of new reports from The Business Research Company that provides induction furnace market statistics, including the induction furnace industry global market size, regional shares, competitors with an induction furnace market share, detailed induction furnace market segments, market trends and opportunities, and any further data you may need to thrive in the induction furnace industry. This induction furnace market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Induction Furnace Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$1.22 billion
Revenue Forecast In 2033	$1.59 billion
Growth Rate	CAGR of 6.8% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Coreless Induction Furnace, Channel Induction Furnace 2) By Furnace Capacity: Up To 1 Ton, 1-100 Ton, More Than 100 Ton 3) By End-Use Industries: Steel, Copper, Aluminum, Zinc, Other End-Use Industries
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Danieli Group; SMS Group; Tenova S.p.A; Electrotherm Limited; IHI Group; Meltech Ltd.; ABP Induction Systems; Inductotherm Group; JP Steel Plantech Co.; ECM Technologies; Indotherm Equipment Corporation; Dongguan Jinlai Electromechanical Device Co. Ltd.; Guangzhou Durowelder Limited; Shandong Huaxin Electric Furnace Co. Ltd.; Xi'an Abundance Electric Technology Co. Ltd.; EFD Induction Ltd; Consarc Engineering Ltd; Wallwork Group; eldec Induction GmbH; Inductoheat Europe GmbH; PIOMA-ODLEWNIA S.A; Electrometalurgica S.A.; Pillar Induction; ESC Induction; AMLET; EMSCO Inc.; Ajax Tocco Magnethermic; Amir Industrial Equipments; Iran Industrial Furnaces; Cerefco; MUR Industries CC; Induction Technology Corporation; GH Induction group; TermiSoluciones SAS; Thermochem Furnaces Pvt. Ltd; ELTERMA S.A
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1. Executive Summary

2. Induction Furnace Market Characteristics

3. Induction Furnace Market Trends And Strategies

4. Induction Furnace Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Induction Furnace Market Size and Growth

5.1. Global Induction Furnace Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Induction Furnace Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Induction Furnace Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Induction Furnace Market Segmentation

6.1. Global Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Coreless Induction Furnace

Channel Induction Furnace

6.2. Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Up To 1 Ton

1-100 Ton

More Than 100 Ton

6.3. Global Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Steel

Copper

Aluminium

Zinc

Other End-Use Industries

7. Induction Furnace Market Regional And Country Analysis

7.1. Global Induction Furnace Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Induction Furnace Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Induction Furnace Market

8.1. Asia-Pacific Induction Furnace Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Induction Furnace Market

9.1. China Induction Furnace Market Overview

9.2. China Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Induction Furnace Market

10.1. India Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Induction Furnace Market

11.1. Japan Induction Furnace Market Overview

11.2. Japan Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Induction Furnace Market

12.1. Australia Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Induction Furnace Market

13.1. Indonesia Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Induction Furnace Market

14.1. South Korea Induction Furnace Market Overview

14.2. South Korea Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Induction Furnace Market

15.1. Western Europe Induction Furnace Market Overview

15.2. Western Europe Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Induction Furnace Market

16.1. UK Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Induction Furnace Market

17.1. Germany Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Induction Furnace Market

18.1. France Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Induction Furnace Market

19.1. Italy Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Induction Furnace Market

20.1. Spain Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Induction Furnace Market

21.1. Eastern Europe Induction Furnace Market Overview

21.2. Eastern Europe Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Induction Furnace Market

22.1. Russia Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Induction Furnace Market

23.1. North America Induction Furnace Market Overview

23.2. North America Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Induction Furnace Market

24.1. USA Induction Furnace Market Overview

24.2. USA Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Induction Furnace Market

25.1. Canada Induction Furnace Market Overview

25.2. Canada Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Induction Furnace Market

26.1. South America Induction Furnace Market Overview

26.2. South America Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Induction Furnace Market

27.1. Brazil Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Induction Furnace Market

28.1. Middle East Induction Furnace Market Overview

28.2. Middle East Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Induction Furnace Market

29.1. Africa Induction Furnace Market Overview

29.2. Africa Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Induction Furnace Market Competitive Landscape And Company Profiles

30.1. Induction Furnace Market Competitive Landscape

30.2. Induction Furnace Market Company Profiles

30.2.1. Danieli Group

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. SMS Group

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Tenova S.p.A

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Electrotherm Limited

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. IHI Group

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Induction Furnace Market Other Major And Innovative Companies

31.1. Meltech Ltd.

31.2. ABP Induction Systems

31.3. Inductotherm Group

31.4. JP Steel Plantech Co.

31.5. ECM Technologies

31.6. Indotherm Equipment Corporation

31.7. Dongguan Jinlai Electromechanical Device Co. Ltd.

31.8. Guangzhou Durowelder Limited

31.9. Shandong Huaxin Electric Furnace Co. Ltd.

31.10. Xi'an Abundance Electric Technology Co. Ltd.

31.11. EFD Induction Ltd

31.12. Consarc Engineering Ltd

31.13. Wallwork Group

31.14. eldec Induction GmbH

31.15. Inductoheat Europe GmbH

32. Global Induction Furnace Market Competitive Benchmarking

33. Global Induction Furnace Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Induction Furnace Market

35. Induction Furnace Market Future Outlook and Potential Analysis

35.1 Induction Furnace Market In 2028 - Countries Offering Most New Opportunities

35.2 Induction Furnace Market In 2028 - Segments Offering Most New Opportunities

35.3 Induction Furnace Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Induction Furnace Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Induction Furnace Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Danieli Group Financial Performance

Table 75: SMS Group Financial Performance

Table 76: Tenova S.p.A Financial Performance

Table 77: Electrotherm Limited Financial Performance

Table 78: IHI Group Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Induction Furnace Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Induction Furnace Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Induction Furnace Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Induction Furnace Market, Segmentation By Furnace Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Induction Furnace Market, Segmentation By End-Use Industries, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Danieli Group Financial Performance

Figure 75: SMS Group Financial Performance

Figure 76: Tenova S.p.A Financial Performance

Figure 77: Electrotherm Limited Financial Performance

Figure 78: IHI Group Financial Performance

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Frequently Asked Questions

What is the definition of the induction furnace market?

How will the induction furnace market drivers and restraints affect the induction furnace market dynamics? What forces will shape the induction furnace industry going forward?

The induction furnace market major growth driver - Rising Aerospace Industry Propels Growth In The Induction Furnace Market. For further insights on the induction furnace market, request a sample here

What is the forecast market size or the forecast market value of the induction furnace market?

The induction furnace market size has grown strongly in recent years. It will grow from $1.14 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased urbanization, increased construction, increased growth of the iron and steel industries, and strong economic growth in emerging markets. The induction furnace market size is expected to see strong growth in the next few years. It will grow to $1.59 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rapid industrialization, the increasing growth of the automotive market, the growing aerospace sector, and the rising global demand for steel and copper . Major trends in the forecast period include increasing integration of automation and iot (internet of things), increasing development of compact and portable furnaces, increasing adoption of green technologies, product innovations, and increasing use of induction stirring technology. For further insights on the induction furnace market, request a sample here

How is the induction furnace market segmented?

The induction furnace market is segmented
1) By Type: Coreless Induction Furnace, Channel Induction Furnace
2) By Furnace Capacity: Up To 1 Ton, 1-100 Ton, More Than 100 Ton
3) By End-Use Industries: Steel, Copper, Aluminium, Zinc, Other End-Use IndustriesFor further insights on the induction furnace market, request a sample here

Which region has the largest share of the induction furnace market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the induction furnace market in 2023. The regions covered in the induction furnace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the induction furnace market, request a sample here.

Who are the major players in the induction furnace market?

What are the key trends in the induction furnace market?

Major trend in the induction furnace market - Advancements In Induction Stirring Technology In The Induction Furnace Market. For further insights on the induction furnace market, request a sample here.

What are the major opportunities in the induction furnace market? What are the strategies for the induction furnace market?

For detailed insights on the major opportunities and strategies in the induction furnace market, request a sample here.

How does the induction furnace market relate to the overall economy and other similar markets?

For detailed insights on induction furnace market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the induction furnace industry?

For detailed insights on the mergers and acquisitions in the induction furnace industry, request a sample here.

What are the key dynamics influencing the induction furnace market growth? SWOT analysis of the induction furnace market.

For detailed insights on the key dynamics influencing the induction furnace market growth and SWOT analysis of the induction furnace industry, request a sample here.