Global Induction Furnace Market Research Report – Forecast till 2032

Global Induction Furnace Market Research Report Information by Type (Coreless Induction Furnace, Channel Induction Furnace, Others), By Furnace Capacity (Up to 1 Ton, More than 100 Ton) and By Industry Vertical (Steel, Aluminum, Copper, Others) and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/IA - E/6779-HCR | 111 Pages | Author: Snehal Singh | March 2024         

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

3. Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat of New Entrants

3.1.2. Bargaining Power of Buyers

3.1.3. Threat of Substitutes

3.1.4. Rivalry

3.1.5. Bargaining Power of Buyers

3.2. Value Chain/Supply Chain Analysis

4. Market Dynamics

4.1. Introduction

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Market Trends

5. Global Induction Furnace Market, by Type

5.1. Introduction

5.2. Coreless Induction Furnace

5.2.1. Market Estimates & Forecast, 2023–2032

5.2.2. Market Estimates & Forecast, by Region, 2023–2032

5.3. Channel Induction Furnace

5.3.1. Market Estimates & Forecast, 2023–2032

5.3.2. Market Estimates & Forecast, by Region, 2023–2032

5.4. Others

5.4.1. Market Estimates & Forecast, 2023–2032

5.4.2. Market Estimates & Forecast, by Region, 2023–2032

6. Global Induction Furnace Market, by Furnace Capacity

6.1. Introduction

6.2. Up to 1 Ton

6.2.1. Market Estimates & Forecast, 2023–2032

6.2.2. Market Estimates & Forecast, by Region, 2023–2032

6.3. 1–100 Ton

6.3.1. Market Estimates & Forecast, 2023–2032

6.3.2. Market Estimates & Forecast, by Region, 2023–2032

6.4. More than 100 Ton

6.4.1. Market Estimates & Forecast, 2023–2032

6.4.2. Market Estimates & Forecast, by Region, 2023–2032

7. Global Induction Furnace Market, by Industry Vertical

7.1. Introduction

7.2. Steel

7.2.1. Market Estimates & Forecast, 2023–2032

7.2.2. Market Estimates & Forecast, by Region, 2023–2032

7.3. Aluminum

7.3.1. Market Estimates & Forecast, 2023–2032

7.3.2. Market Estimates & Forecast, by Region, 2023–2032

7.4. Copper

7.4.1. Market Estimates & Forecast, 2023–2032

7.4.2. Market Estimates & Forecast, by Region, 2023–2032

7.5. Others

7.5.1. Market Estimates & Forecast, 2023–2032

7.5.2. Market Estimates & Forecast, by Region, 2023–2032

7.5.3.

8. Global Induction Furnace Market, by Region

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast, by Country, 2023–2032

8.2.2. Market Estimates & Forecast, by Type, 2023–2032

8.2.3. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.2.4. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.2.5. US

8.2.5.1. Market Estimates & Forecast, by Type, 2023–2032

8.2.5.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.2.5.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.2.6. Canada

8.2.6.1. Market Estimates & Forecast, by Type, 2023–2032

8.2.6.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.2.6.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.3. Europe

8.3.1. Market Estimates & Forecast, by Country, 2023–2032

8.3.2. Market Estimates & Forecast, by Type, 2023–2032

8.3.3. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.3.4. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.3.5. UK

8.3.5.1. Market Estimates & Forecast, by Type, 2023–2032

8.3.5.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.3.5.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.3.6. Germany

8.3.6.1. Market Estimates & Forecast, by Type, 2023–2032

8.3.6.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.3.6.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.3.7. France

8.3.7.1. Market Estimates & Forecast, by Type, 2023–2032

8.3.7.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.3.7.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.3.8. Italy

8.3.8.1. Market Estimates & Forecast, by Type, 2023–2032

8.3.8.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.3.8.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.3.9. Rest of Europe

8.3.9.1. Market Estimates & Forecast, by Type, 2023–2032

8.3.9.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.3.9.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.3.9.4.

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, by Country, 2023–2032

8.4.2. Market Estimates & Forecast, by Type, 2023–2032

8.4.3. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.4.4. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.4.5. China

8.4.5.1. Market Estimates & Forecast, by Type, 2023–2032

8.4.5.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.4.5.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.4.6. Japan

8.4.6.1. Market Estimates & Forecast, by Type, 2023–2032

8.4.6.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.4.6.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.4.7. India

8.4.7.1. Market Estimates & Forecast, by Type, 2023–2032

8.4.7.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.4.7.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.4.8. Rest of Asia-Pacific

8.4.8.1. Market Estimates & Forecast, by Type, 2023–2032

8.4.8.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.4.8.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.5. RoW

8.5.1. Market Estimates & Forecast, by Region, 2023–2032

8.5.2. Market Estimates & Forecast, by Type, 2023–2032

8.5.3. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.5.4. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.5.5. Middle East & Africa

8.5.5.1. Market Estimates & Forecast, by Type, 2023–2032

8.5.5.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.5.5.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

8.5.6. Latin America

8.5.6.1. Market Estimates & Forecast, by Type, 2023–2032

8.5.6.2. Market Estimates & Forecast, by Furnace Capacity, 2023–2032

8.5.6.3. Market Estimates & Forecast, by Industry Vertical, 2023–2032

9. Competitive Landscape

10. Company Profiles

10.1. Electrotherm

10.1.1. Company Overview

10.1.2. Products/Services Offered

10.1.3. Financial Overview

10.1.4. Key Developments

10.1.5. Key Strategies

10.1.6. SWOT Analysis

10.2. Danieli Group

10.2.1. Company Overview

10.2.2. Products/Services Offered

10.2.3. Financial Overview

10.2.4. Key Developments

10.2.5. Key Strategies

10.2.6. SWOT Analysis

10.3. SMS Elotherm GmbH

10.3.1. Company Overview

10.3.2. Products/Services Offered

10.3.3. Financial Overview

10.3.4. Key Developments

10.3.5. Key Strategies

10.3.6. SWOT Analysis

10.4. Meltech Ltd

10.4.1. Company Overview

10.4.2. Products/Services Offered

10.4.3. Financial Overview

10.4.4. Key Developments

10.4.5. Key Strategies

10.4.6. SWOT Analysis

10.5. Tenova SpA

10.5.1. Company Overview

10.5.2. Products/Services Offered

10.5.3. Financial Overview

10.5.4. Key Developments

10.5.5. Key Strategies

10.5.6. SWOT Analysis

10.6. Doshi Technologies Pvt. Ltd

10.6.1. Company Overview

10.6.2. Products/Services Offered

10.6.3. Financial Overview

10.6.4. Key Developments

10.6.5. Key Strategies

10.6.6. SWOT Analysis

10.7. IHI Machinery and Furnace Co., Ltd

10.7.1. Company Overview

10.7.2. Products/Services Offered

10.7.3. Financial Overview

10.7.4. Key Developments

10.7.5. Key Strategies

10.7.6. SWOT Analysis

10.8. JP Steel Plantech Co.

10.8.1. Company Overview

10.8.2. Products/Services Offered

10.8.3. Financial Overview

10.8.4. Key Developments

10.8.5. Key Strategies

10.8.6. SWOT Analysis

10.9. ECM Technologies

10.9.1. Company Overview

10.9.2. Products/Services Offered

10.9.3. Financial Overview

10.9.4. Key Developments

10.9.5. Key Strategies

10.9.6. SWOT Analysis

10.10. Agni Electrical Pvt. Ltd

10.10.1. Company Overview

10.10.2. Products/Services Offered

10.10.3. Financial Overview

10.10.4. Key Developments

10.10.5. Key Strategies

10.10.6. SWOT Analysis

10.11. Pees Induction Equipment’s Pvt. Ltd

10.11.1. Company Overview

10.11.2. Products/Services Offered

10.11.3. Financial Overview

10.11.4. Key Developments

10.11.5. Key Strategies

10.11.6. SWOT Analysis

10.12. Magnalenz

10.12.1. Company Overview

10.12.2. Products/Services Offered

10.12.3. Financial Overview

10.12.4. Key Developments

10.12.5. Key Strategies

10.12.6. SWOT Analysis  

List of Tables

Table 1 Global Induction Furnace Market, by Region, 2023–2032

Table 2 North America: Induction Furnace Market, by Country, 2023–2032

Table 3 Europe: Induction Furnace Market, by Country, 2023–2032

Table 4 Asia-Pacific: Induction Furnace Market, by Country, 2023–2032

Table 5 RoW: Induction Furnace Market, by Region, 2023–2032

Table 6 Global: Induction Furnace Type Market, by Region, 2023–2032

Table 7 North America: Induction Furnace Type Market, by Country, 2023–2032

Table 8 Europe: Induction Furnace Type Market, by Country, 2023–2032

Table 9 Asia-Pacific: Induction Furnace Type Market, by Country, 2023–2032

Table 10 RoW: Induction Furnace Type Market, by Region, 2023–2032

Table 11 Global: Induction Furnace Capacity Market, by Region, 2023–2032

Table 12 North America: Induction Furnace Capacity Market, by Country, 2023–2032

Table 13 Europe: Induction Furnace Capacity Market, by Country, 2023–2032

Table 14 Asia-Pacific: Induction Furnace Capacity Market, by Country, 2023–2032

Table 15 RoW: Induction Furnace Capacity Market, by Region, 2023–2032

Table 16 Global Induction Furnace Industry Vertical Market, by Region, 2023–2032

Table 17 North America: Induction Furnace Industry Vertical Market, by Country, 2023–2032

Table 18 Europe: Induction Furnace Industry Vertical Market, by Country, 2023–2032

Table 19 Asia-Pacific: Induction Furnace Industry Vertical Market, by Country, 2023–2032

Table 20 RoW: Induction Furnace Industry Vertical Market, by Region, 2023–2032

Table 21 Global Induction Furnace Market, by Type, 2023–2032

Table 22 Global Induction Furnace Market, by Industry Vertical, 2023–2032

Table 23 Global Induction Furnace Market, by Furnace Capacity, 2023–2032

Table 24 North America: Induction Furnace Market, by Type, 2023–2032

Table 25 North America: Induction Furnace Market, by Industry Vertical, 2023–2032

Table 26 North America: Induction Furnace Market, by Furnace Capacity, 2023–2032

Table 27 Europe: Induction Furnace Market, by Type, 2023–2032

Table 28 Europe: Induction Furnace Market, by Industry Vertical, 2023–2032

Table 29 Europe: Induction Furnace Market, by Furnace Capacity, 2023–2032

Table 30 Asia-Pacific: Induction Furnace Market, by Type, 2023–2032

Table 31 Asia-Pacific: Induction Furnace Market, by Industry Vertical, 2023–2032

Table 32 Asia-Pacific: Induction Furnace Market, by Furnace Capacity, 2023–2032

Table 33 RoW: Induction Furnace Market, by Type, 2023–2032

Table 34 RoW: Induction Furnace Market, by Industry Vertical, 2023–2032

Table 35 RoW: Induction Furnace Market, by Furnace Capacity, 2023–2032

List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approaches

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter's Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Induction Furnace Market Share, by Type, 2022 (%)

Figure 9 Global Induction Furnace Market, by Type, 2023–2032 (USD Million)

Figure 10 Global Induction Furnace Market Share, by Furnace Capacity, 2022 (%)

Figure 11 Global Induction Furnace Market, by Furnace Capacity, 2023–2032 (USD Million)

Figure 12 Global Induction Furnace Market Share, by Industry Vertical, 2022 (%)

Figure 13 Global Induction Furnace Market, by Industry Vertical, 2023–2032 (USD Million)

Figure 14 Global Induction Furnace Market Share (%), by Region, 2022

Figure 15 Global Induction Furnace Market, by Region, 2023–2032 (USD Million)

Figure 16 North America: Induction Furnace Market Share (%), 2022

Figure 17 North America: Induction Furnace Market, by Country, 2023–2032 (USD Million)

Figure 18 Europe: Induction Furnace Market Share (%), 2022

Figure 19 Europe: Induction Furnace Market, by Country, 2023–2032 (USD Million)

Figure 20 Asia-Pacific: Induction Furnace Market Share (%), 2022

Figure 21 Asia-Pacific: Induction Furnace Market, by Country, 2023–2032 (USD Million)

Figure 22 RoW: Induction Furnace Market Share (%), 2022

Figure 23 RoW: Induction Furnace Market, by Region, 2023–2032 (USD Million)

Induction Furnace Market Segmentation


Induction Furnace Market Type Outlook (USD Billion, 2018-2032)




  • Coreless Induction Furnace




  • Channel Induction Furnace




  • Others




Induction Furnace Market Furnace Capacity Outlook (USD Billion, 2018-2032)




  • Up to 1 Ton




  • More than 100 Ton




Induction Furnace Market Industry Vertical Outlook (USD Billion, 2018-2032)




  • Steel




  • Aluminum




  • Copper




  • Others




Induction Furnace Market Regional Outlook (USD Billion, 2018-2032)




  • North America Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • US Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Canada Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others








  • Europe Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Germany Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • France Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • UK Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Italy Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Spain Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Rest Of Europe Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others








  • Asia-Pacific Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • China Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Japan Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • India Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Australia Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others








  • Rest of the World Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Middle East Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Africa Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others






    • Latin America Outlook (USD Billion, 2018-2032)




    • Induction Furnace Market by Type




      • Coreless Induction Furnace




      • Channel Induction Furnace




      • Others






    • Induction Furnace Market by Furnace Capacity




      • Up to 1 Ton




      • More than 100 Ton






    • Induction Furnace Market by Industry Vertical




      • Steel




      • Aluminum




      • Copper




      • Others







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