Latest research report on “Induction Melting Furnaces Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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An Induction Melting Furnace is an electrical furnace in which the heat is applied by induction heating of metal. Induction furnace capacities range from less than one kilogram to more than one hundred tons, and are used to melt iron and steel, copper, aluminum, and precious metals. The advantage of the induction furnace is a clean, energy-efficient and well-controllable melting process compared to most other means of metal melting.
This report contains market size and forecasts of Induction Melting Furnaces in global, including the following market information:
Global Induction Melting Furnaces Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Induction Melting Furnaces Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Induction Melting Furnaces companies in 2021 (%)
The global Induction Melting Furnaces market was valued at 474.9 million in 2021 and is projected to reach US$ 590.3 million by 2028, at a CAGR of 3.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Capacity: Below 1 Ton Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Induction Melting Furnaces include Inductotherm Group, OTTO Junker GmbH, ABP Induction Systems, ECM Technologies, ALD Vacuum Technologies, Electrotherm, ULVAC, Fuji Dempa and Induction Technology Corporation (ITC), etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Induction Melting Furnaces 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 Melting Furnaces Market, by Capacity, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Induction Melting Furnaces Market Segment Percentages, by Capacity, 2021 (%)
– Capacity: Below 1 Ton
– Capacity: 1-30 Tons
– Capacity: Above 30 Tons
Global Induction Melting Furnaces Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Induction Melting Furnaces Market Segment Percentages, by Application, 2021 (%)
– Industrial Manufacturing
Global Induction Melting Furnaces Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Induction Melting Furnaces Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – 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
The report also provides analysis of leading market participants including:
Key companies Induction Melting Furnaces revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Induction Melting Furnaces revenues share in global market, 2021 (%)
Key companies Induction Melting Furnaces sales in global market, 2017-2022 (Estimated), (Units)
Key companies Induction Melting Furnaces sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Inductotherm Group
– OTTO Junker GmbH
– ABP Induction Systems
– ECM Technologies
– ALD Vacuum Technologies
– Fuji Dempa
– Induction Technology Corporation (ITC)
– Amelt Corporation
– PVA IVS GmbH
– Dai-ichi High Frequency
– Carant S.r.l.
– Shenyang Jinyan
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