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Induction Furnace Market in India 2024-2028

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    Report

  • 89 Pages
  • December 2023
  • Region: India
  • TechNavio
  • ID: 5447040
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The induction furnace market in India is forecasted to grow by USD 84.85 mn during 2023-2028, accelerating at a CAGR of 6.9% during the forecast period. The report on the induction furnace market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for steel and alloys in India, increasing government support to boost industrial growth in India, and the growing foundry industry in India.

The induction furnace market in India is segmented as below:

By Type

  • Channel induction furnaces
  • Coreless induction furnaces

By End-user

  • Steel industry
  • Copper industry
  • Aluminum industry
  • Zinc industry

By Capacity

  • More than 100 ton
  • Upto 1 ton

By Geography

  • APAC
This study identifies the equipment as a service as one of the prime reasons driving the induction furnace market in India's growth during the next few years. Also, increasing private ownership in the global steel industry and growing digitalization and industry 4.0 integration in the furnacing industry will lead to sizable demand in the market.

The report on the induction furnace market in India covers the following areas:

  • Induction furnace market in India sizing
  • Induction furnace market in India forecast
  • Induction furnace market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading induction furnace market in India vendors that include Agni Electrical Pvt. Ltd., Electro Power Enterprise, Eltech Electrodesigns and Energy Systems Pvt. Ltd., Foster Induction Pvt. Ltd., Heatcon Sensors Pvt. Ltd., HK Malvi Industries, Indotherm Furnace Pvt. Ltd., Inductotherm Group, Jyoti CNC Automation Ltd., Magnalenz, Megatherm Electronics Pvt. Ltd., Microtech Inductions Pvt. Ltd., Naksh Induction, Nutrotherm Induction, Orbit Induction, Plasma Induction India Pvt. Ltd., Priyanka Induction Supermelt, Shapet Induction Co., and Srishtech Metal Casting Pvt. Ltd.. Also, the induction furnace market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Capacity
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibit 13: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibit 14: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on India: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Induction furnace market in India 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on induction furnace market in India 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Capacity Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Capacity Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
Exhibit 27: Chart on Type - Market share 2023-2028 (%)
Exhibit 28: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 29: Chart on Comparison by Type
Exhibit 30: Data Table on Comparison by Type
6.3 Channel induction furnaces - Market size and forecast 2023-2028
Exhibit 31: Chart on Channel induction furnaces - Market size and forecast 2023-2028 ($ million)
Exhibit 32: Data Table on Channel induction furnaces - Market size and forecast 2023-2028 ($ million)
Exhibit 33: Chart on Channel induction furnaces - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on Channel induction furnaces - Year-over-year growth 2023-2028 (%)
6.4 Coreless induction furnaces - Market size and forecast 2023-2028
Exhibit 35: Chart on Coreless induction furnaces - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Data Table on Coreless induction furnaces - Market size and forecast 2023-2028 ($ million)
Exhibit 37: Chart on Coreless induction furnaces - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on Coreless induction furnaces - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 39: Market opportunity by Type ($ million)
Exhibit 40: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 41: Chart on End-user - Market share 2023-2028 (%)
Exhibit 42: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 43: Chart on Comparison by End-user
Exhibit 44: Data Table on Comparison by End-user
7.3 Steel industry - Market size and forecast 2023-2028
Exhibit 45: Chart on Steel industry - Market size and forecast 2023-2028 ($ million)
Exhibit 46: Data Table on Steel industry - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Chart on Steel industry - Year-over-year growth 2023-2028 (%)
Exhibit 48: Data Table on Steel industry - Year-over-year growth 2023-2028 (%)
7.4 Copper industry - Market size and forecast 2023-2028
Exhibit 49: Chart on Copper industry - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Data Table on Copper industry - Market size and forecast 2023-2028 ($ million)
Exhibit 51: Chart on Copper industry - Year-over-year growth 2023-2028 (%)
Exhibit 52: Data Table on Copper industry - Year-over-year growth 2023-2028 (%)
7.5 Aluminum industry - Market size and forecast 2023-2028
Exhibit 53: Chart on Aluminum industry - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Data Table on Aluminum industry - Market size and forecast 2023-2028 ($ million)
Exhibit 55: Chart on Aluminum industry - Year-over-year growth 2023-2028 (%)
Exhibit 56: Data Table on Aluminum industry - Year-over-year growth 2023-2028 (%)
7.6 Zinc industry - Market size and forecast 2023-2028
Exhibit 57: Chart on Zinc industry - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Data Table on Zinc industry - Market size and forecast 2023-2028 ($ million)
Exhibit 59: Chart on Zinc industry - Year-over-year growth 2023-2028 (%)
Exhibit 60: Data Table on Zinc industry - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Exhibit 61: Market opportunity by End-user ($ million)
Exhibit 62: Data Table on Market opportunity by End-user ($ million)
8 Market Segmentation by Capacity
8.1 Market segments
Exhibit 63: Chart on Capacity - Market share 2023-2028 (%)
Exhibit 64: Data Table on Capacity - Market share 2023-2028 (%)
8.2 Comparison by Capacity
Exhibit 65: Chart on Comparison by Capacity
Exhibit 66: Data Table on Comparison by Capacity
8.3 More than 100 ton - Market size and forecast 2023-2028
Exhibit 67: Chart on More than 100 ton - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on More than 100 ton - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on More than 100 ton - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on More than 100 ton - Year-over-year growth 2023-2028 (%)
8.4 Upto 1 ton - Market size and forecast 2023-2028
Exhibit 71: Chart on Upto 1 ton - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on Upto 1 ton - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on Upto 1 ton - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Upto 1 ton - Year-over-year growth 2023-2028 (%)
8.5 Market opportunity by Capacity
Exhibit 75: Market opportunity by Capacity ($ million)
Exhibit 76: Data Table on Market opportunity by Capacity ($ million)
9 Customer Landscape
9.1 Customer landscape overview
Exhibit 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 78: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 79: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 80: Overview on factors of disruption
11.4 Industry risks
Exhibit 81: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 82: Vendors covered
12.2 Market positioning of vendors
Exhibit 83: Matrix on vendor position and classification
12.3 Agni Electrical Pvt. Ltd.
Exhibit 84: Agni Electrical Pvt. Ltd. - Overview
Exhibit 85: Agni Electrical Pvt. Ltd. - Product / Service
Exhibit 86: Agni Electrical Pvt. Ltd. - Key offerings
12.4 Electro Power Enterprise
Exhibit 87: Electro Power Enterprise - Overview
Exhibit 88: Electro Power Enterprise - Product / Service
Exhibit 89: Electro Power Enterprise - Key offerings
12.5 Eltech Electrodesigns and Energy Systems Pvt. Ltd.
Exhibit 90: Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Overview
Exhibit 91: Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Product / Service
Exhibit 92: Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Key offerings
12.6 Foster Induction Pvt. Ltd.
Exhibit 93: Foster Induction Pvt. Ltd. - Overview
Exhibit 94: Foster Induction Pvt. Ltd. - Product / Service
Exhibit 95: Foster Induction Pvt. Ltd. - Key offerings
12.7 Heatcon Sensors Pvt. Ltd.
Exhibit 96: Heatcon Sensors Pvt. Ltd. - Overview
Exhibit 97: Heatcon Sensors Pvt. Ltd. - Product / Service
Exhibit 98: Heatcon Sensors Pvt. Ltd. - Key offerings
12.8 HK Malvi Industries
Exhibit 99: HK Malvi Industries - Overview
Exhibit 100: HK Malvi Industries - Product / Service
Exhibit 101: HK Malvi Industries - Key offerings
12.9 Indotherm Furnace Pvt. Ltd.
Exhibit 102: Indotherm Furnace Pvt. Ltd. - Overview
Exhibit 103: Indotherm Furnace Pvt. Ltd. - Product / Service
Exhibit 104: Indotherm Furnace Pvt. Ltd. - Key offerings
12.10 Inductotherm Group
Exhibit 105: Inductotherm Group - Overview
Exhibit 106: Inductotherm Group - Product / Service
Exhibit 107: Inductotherm Group - Key offerings
12.11 Jyoti CNC Automation Ltd.
Exhibit 108: Jyoti CNC Automation Ltd. - Overview
Exhibit 109: Jyoti CNC Automation Ltd. - Product / Service
Exhibit 110: Jyoti CNC Automation Ltd. - Key offerings
12.12 Magnalenz
Exhibit 111: Magnalenz - Overview
Exhibit 112: Magnalenz - Product / Service
Exhibit 113: Magnalenz - Key offerings
12.13 Megatherm Electronics Pvt. Ltd.
Exhibit 114: Megatherm Electronics Pvt. Ltd. - Overview
Exhibit 115: Megatherm Electronics Pvt. Ltd. - Product / Service
Exhibit 116: Megatherm Electronics Pvt. Ltd. - Key offerings
12.14 Microtech Inductions Pvt. Ltd.
Exhibit 117: Microtech Inductions Pvt. Ltd. - Overview
Exhibit 118: Microtech Inductions Pvt. Ltd. - Product / Service
Exhibit 119: Microtech Inductions Pvt. Ltd. - Key offerings
12.15 Naksh Induction
Exhibit 120: Naksh Induction - Overview
Exhibit 121: Naksh Induction - Product / Service
Exhibit 122: Naksh Induction - Key offerings
12.16 Nutrotherm Induction
Exhibit 123: Nutrotherm Induction - Overview
Exhibit 124: Nutrotherm Induction - Product / Service
Exhibit 125: Nutrotherm Induction - Key offerings
12.17 Orbit Induction
Exhibit 126: Orbit Induction - Overview
Exhibit 127: Orbit Induction - Product / Service
Exhibit 128: Orbit Induction - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 129: Inclusions checklist
Exhibit 130: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 131: Currency conversion rates for US$
13.4 Research methodology
Exhibit 132: Research methodology
Exhibit 133: Validation techniques employed for market sizing
Exhibit 134: Information sources
13.5 List of abbreviations
Exhibit 135: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Market Segmentation by Capacity
Exhibits 7: Executive Summary - Chart on Vendor Market Positioning
Exhibits 8: Parent market
Exhibits 9: Market Characteristics
Exhibits 10: Offerings of vendors included in the market definition
Exhibits 11: Market segments
Exhibits 12: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits 13: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibits 15: Data Table on India: Year-over-year growth 2023-2028 (%)
Exhibits 16: Historic Market Size - Data Table on induction furnace market in India 2018 - 2022 ($ million)
Exhibits 17: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Capacity Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Type - Market share 2023-2028 (%)
Exhibits 28: Data Table on Type - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Type
Exhibits 30: Data Table on Comparison by Type
Exhibits 31: Chart on Channel induction furnaces - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Channel induction furnaces - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Channel induction furnaces - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Channel induction furnaces - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Coreless induction furnaces - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Coreless induction furnaces - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Coreless induction furnaces - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Coreless induction furnaces - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Type ($ million)
Exhibits 40: Data Table on Market opportunity by Type ($ million)
Exhibits 41: Chart on End-user - Market share 2023-2028 (%)
Exhibits 42: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by End-user
Exhibits 44: Data Table on Comparison by End-user
Exhibits 45: Chart on Steel industry - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Data Table on Steel industry - Market size and forecast 2023-2028 ($ million)
Exhibits 47: Chart on Steel industry - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Steel industry - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on Copper industry - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Copper industry - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Copper industry - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Copper industry - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Aluminum industry - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Aluminum industry - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Aluminum industry - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Aluminum industry - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Zinc industry - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Zinc industry - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Zinc industry - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Zinc industry - Year-over-year growth 2023-2028 (%)
Exhibits 61: Market opportunity by End-user ($ million)
Exhibits 62: Data Table on Market opportunity by End-user ($ million)
Exhibits 63: Chart on Capacity - Market share 2023-2028 (%)
Exhibits 64: Data Table on Capacity - Market share 2023-2028 (%)
Exhibits 65: Chart on Comparison by Capacity
Exhibits 66: Data Table on Comparison by Capacity
Exhibits 67: Chart on More than 100 ton - Market size and forecast 2023-2028 ($ million)
Exhibits 68: Data Table on More than 100 ton - Market size and forecast 2023-2028 ($ million)
Exhibits 69: Chart on More than 100 ton - Year-over-year growth 2023-2028 (%)
Exhibits 70: Data Table on More than 100 ton - Year-over-year growth 2023-2028 (%)
Exhibits 71: Chart on Upto 1 ton - Market size and forecast 2023-2028 ($ million)
Exhibits 72: Data Table on Upto 1 ton - Market size and forecast 2023-2028 ($ million)
Exhibits 73: Chart on Upto 1 ton - Year-over-year growth 2023-2028 (%)
Exhibits 74: Data Table on Upto 1 ton - Year-over-year growth 2023-2028 (%)
Exhibits 75: Market opportunity by Capacity ($ million)
Exhibits 76: Data Table on Market opportunity by Capacity ($ million)
Exhibits 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 78: Impact of drivers and challenges in 2023 and 2028
Exhibits 79: Overview on Criticality of inputs and Factors of differentiation
Exhibits 80: Overview on factors of disruption
Exhibits 81: Impact of key risks on business
Exhibits 82: Vendors covered
Exhibits 83: Matrix on vendor position and classification
Exhibits 84: Agni Electrical Pvt. Ltd. - Overview
Exhibits 85: Agni Electrical Pvt. Ltd. - Product / Service
Exhibits 86: Agni Electrical Pvt. Ltd. - Key offerings
Exhibits 87: Electro Power Enterprise - Overview
Exhibits 88: Electro Power Enterprise - Product / Service
Exhibits 89: Electro Power Enterprise - Key offerings
Exhibits 90: Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Overview
Exhibits 91: Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Product / Service
Exhibits 92: Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Key offerings
Exhibits 93: Foster Induction Pvt. Ltd. - Overview
Exhibits 94: Foster Induction Pvt. Ltd. - Product / Service
Exhibits 95: Foster Induction Pvt. Ltd. - Key offerings
Exhibits 96: Heatcon Sensors Pvt. Ltd. - Overview
Exhibits 97: Heatcon Sensors Pvt. Ltd. - Product / Service
Exhibits 98: Heatcon Sensors Pvt. Ltd. - Key offerings
Exhibits 99: HK Malvi Industries - Overview
Exhibits 100: HK Malvi Industries - Product / Service
Exhibits 101: HK Malvi Industries - Key offerings
Exhibits 102: Indotherm Furnace Pvt. Ltd. - Overview
Exhibits 103: Indotherm Furnace Pvt. Ltd. - Product / Service
Exhibits 104: Indotherm Furnace Pvt. Ltd. - Key offerings
Exhibits 105: Inductotherm Group - Overview
Exhibits 106: Inductotherm Group - Product / Service
Exhibits 107: Inductotherm Group - Key offerings
Exhibits 108: Jyoti CNC Automation Ltd. - Overview
Exhibits 109: Jyoti CNC Automation Ltd. - Product / Service
Exhibits 110: Jyoti CNC Automation Ltd. - Key offerings
Exhibits 111: Magnalenz - Overview
Exhibits 112: Magnalenz - Product / Service
Exhibits 113: Magnalenz - Key offerings
Exhibits 114: Megatherm Electronics Pvt. Ltd. - Overview
Exhibits 115: Megatherm Electronics Pvt. Ltd. - Product / Service
Exhibits 116: Megatherm Electronics Pvt. Ltd. - Key offerings
Exhibits 117: Microtech Inductions Pvt. Ltd. - Overview
Exhibits 118: Microtech Inductions Pvt. Ltd. - Product / Service
Exhibits 119: Microtech Inductions Pvt. Ltd. - Key offerings
Exhibits 120: Naksh Induction - Overview
Exhibits 121: Naksh Induction - Product / Service
Exhibits 122: Naksh Induction - Key offerings
Exhibits 123: Nutrotherm Induction - Overview
Exhibits 124: Nutrotherm Induction - Product / Service
Exhibits 125: Nutrotherm Induction - Key offerings
Exhibits 126: Orbit Induction - Overview
Exhibits 127: Orbit Induction - Product / Service
Exhibits 128: Orbit Induction - Key offerings
Exhibits 129: Inclusions checklist
Exhibits 130: Exclusions checklist
Exhibits 131: Currency conversion rates for US$
Exhibits 132: Research methodology
Exhibits 133: Validation techniques employed for market sizing
Exhibits 134: Information sources
Exhibits 135: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the induction furnace market in India: Agni Electrical Pvt. Ltd., Electro Power Enterprise, Eltech Electrodesigns and Energy Systems Pvt. Ltd., Foster Induction Pvt. Ltd., Heatcon Sensors Pvt. Ltd., HK Malvi Industries, Indotherm Furnace Pvt. Ltd., Inductotherm Group, Jyoti CNC Automation Ltd., Magnalenz, Megatherm Electronics Pvt. Ltd., Microtech Inductions Pvt. Ltd., Naksh Induction, Nutrotherm Induction, Orbit Induction, Plasma Induction India Pvt. Ltd., Priyanka Induction Supermelt, Shapet Induction Co., and Srishtech Metal Casting Pvt. Ltd..

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is equipment as a service.'

According to the report, one of the major drivers for this market is the rising demand for steel and alloys in India.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Agni Electrical Pvt. Ltd.
  • Electro Power Enterprise
  • Eltech Electrodesigns and Energy Systems Pvt. Ltd.
  • Foster Induction Pvt. Ltd.
  • Heatcon Sensors Pvt. Ltd.
  • HK Malvi Industries
  • Indotherm Furnace Pvt. Ltd.
  • Inductotherm Group
  • Jyoti CNC Automation Ltd.
  • Magnalenz
  • Megatherm Electronics Pvt. Ltd.
  • Microtech Inductions Pvt. Ltd.
  • Naksh Induction
  • Nutrotherm Induction
  • Orbit Induction
  • Plasma Induction India Pvt. Ltd.
  • Priyanka Induction Supermelt
  • Shapet Induction Co.
  • Srishtech Metal Casting Pvt. Ltd.

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About the Induction Furnace Market

The Induction Furnace market is a subset of the Industrial Ovens market. It is composed of furnaces that use induction heating to melt metals and other materials. This type of furnace is used in a variety of industries, including automotive, aerospace, and medical device manufacturing. It is a cost-effective and efficient way to heat materials, as it requires less energy than other types of furnaces. It also offers precise temperature control and fast heating times. Induction furnaces are available in a range of sizes and configurations, allowing them to be used in a variety of applications. They are also designed to be safe and easy to use, making them a popular choice for industrial ovens. Some of the leading companies in the Induction Furnace market include ABP Induction Systems, Inductotherm Group, EFD Induction, and Inductoheat. Show Less Read more

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