Global Induction Furnace Market
Dublin, Dec. 30, 2022 (GLOBE NEWSWIRE) -- The "Induction Furnace Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global induction furnace market.
The global induction furnace market is expected to grow from $1.01 billion in 2021 to $1.06 billion in 2022 at a compound annual growth rate (CAGR) of 5.5%. The induction furnace market is expected to reach $1.31 billion in 2026 at a CAGR of 5.5%.
Companies Mentioned
-
Electrotherm
-
Danieli & C. S.p.A
-
SMS Elotherm GmbH
-
Meltech Ltd.
-
Tenova S.p.A
-
Doshi Technologies Pvt. Ltd.
-
IHI Machinery and Furnace Co. Ltd.
-
ECM Technologies
-
jiangsu yueda group co. LTD.
-
Wuxi Dongxong Heavy Arc Furnace Co. Ltd.
-
OTTO JUNKER GmbH
-
Agni Electrical Pvt. Ltd.
-
NUPRO CORPORATION
-
JP Steel Plantech Co.
-
Magnalenz
-
Pees Induction Equipment's Pvt. Ltd.
-
ABP Induction Systems GmbH
-
INDUCTOTHERM GROUP
-
Megatherm Electronics Pvt. Ltd.
-
Indotherm Furnace Pvt. Ltd.
Reasons to Purchase
-
Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
-
Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
-
Create regional and country strategies on the basis of local data and analysis.
-
Identify growth segments for investment.
-
Outperform competitors using forecast data and the drivers and trends shaping the market.
-
Understand customers based on the latest market research findings.
-
Benchmark performance against key competitors.
-
Utilize the relationships between key data sets for superior strategizing.
-
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Major players in the induction furnace market are Electrotherm, Danieli & C. S.p.A, SMS Elotherm GmbH, Meltech Ltd, Tenova S.p.A, Doshi Technologies Pvt. Ltd, IHI Machinery and Furnace Co., Ltd, ECM Technologies, Jiangsu Yueda Group Co., LTD, Wuxi Dongxong Heavy Arc Furnace Co., Ltd, OTTO JUNKER GmbH, Agni Electrical Pvt. Ltd, NUPRO CORPORATION, JP Steel Plantech Co., Magnalenz, Pees Induction Equipment's Pvt. Ltd, ABP Induction Systems GmbH, INDUCTOTHERM GRO
The induction furnace market consists of sales of induction furnaces by entities (organizations, sole traders, and partnerships) that are 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 are applicable to non-ferrous, ferrous, and specialty melting. The induction furnace is used in the steel industry, copper industry, aluminium industry, and zinc industry, and the furnace capacity ranges from up to 1 ton; 1-100 tons; and more than 100 tons.
Asia-Pacific was the largest region in the induction furnace market in 2021. The regions covered in the induction furnace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The induction furnace market research report is one of a series of new reports that provides induction furnace market statistics, including 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.
The growth of the aerospace industry is expected to propel the growth of the induction furnace market going forward. Aerospace firms commonly use the induction furnace due to their predetermined specifications in manufacturing requirements.