Induction Furnace Market in India 2021-2025

The publisher has been monitoring the induction furnace market in India and it is poised to grow by $ 74.81 mn during 2021-2025, progressing at a CAGR of 6.63% 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, latest trends and drivers, and the overall market environment. The market is driven by Increasing business confidence within furnace industry and the focus on technology upgrades.

The induction furnace market in India analysis includes end-user and type segments.

The induction furnace market in India is segmented as below:

By End-user

Steel industry
Copper industry
Aluminum industry
Zinc industry

By Type

Channel induction furnaces
Coreless induction furnaces

This study identifies the Make in India initiative as one of the prime reasons driving the induction furnace market in India growth during the next few years.

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

Induction furnace market sizing
Induction furnace market forecast
Induction furnace market 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 vendors in India that include Electro Power Enterprise, Foster Induction Pvt. Ltd., HK Malvi Industries, Inductotherm Group, Jyoti CNC Automation Ltd., Magnalenz, Orbit Induction, Plasma Induction India Pvt. Ltd., Priyanka Induction Supermelt, and UVRAX ENGINEERING OPC 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.

Executive Summary

Market overview

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by End-user

Market segments
Comparison by End-user
Steel industry - Market size and forecast 2020-2025
Copper industry - Market size and forecast 2020-2025
Aluminum industry - Market size and forecast 2020-2025
Zinc industry - Market size and forecast 2020-2025
Market opportunity by End-user

Market Segmentation by Type

Market segments
Comparison by Type
Channel induction furnaces - Market size and forecast 2020-2025
Coreless induction furnaces - Market size and forecast 2020-2025
Market opportunity by Type

Customer landscape

Market drivers
Market challenges
Market trends

Vendor Landscape

Overview
Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Electro Power Enterprise
Foster Induction Pvt. Ltd.
HK Malvi Industries
Inductotherm Group
Jyoti CNC Automation Ltd.
Magnalenz
Orbit Induction
Plasma Induction India Pvt. Ltd.
Priyanka Induction Supermelt
UVRAX ENGINEERING OPC Pvt. Ltd.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

List of Exhibits

Key Finding 1
Key Finding 2
Key Finding 5
Key Finding 6
Key Finding 7
Parent market
Market characteristics
Offerings of vendors included in the market definition
Market segments
Global - Market size and forecast 2020 - 2025 ($ million)
Global market: Year-over-year growth 2020 - 2025 (%)
Five forces analysis 2020 & 2025
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition - Five forces 2020
End-user - Market share 2020-2025 (%)
Comparison by End-user
Steel industry - Market size and forecast 2020-2025 ($ million)
Steel industry - Year-over-year growth 2020-2025 (%)
Copper industry - Market size and forecast 2020-2025 ($ million)
Copper industry - Year-over-year growth 2020-2025 (%)
Aluminum industry - Market size and forecast 2020-2025 ($ million)
Aluminum industry - Year-over-year growth 2020-2025 (%)
Zinc industry - Market size and forecast 2020-2025 ($ million)
Zinc industry - Year-over-year growth 2020-2025 (%)
Market opportunity by End-user
Type - Market share 2020-2025 (%)
Comparison by Type
Channel induction furnaces - Market size and forecast 2020-2025 ($ million)
Channel induction furnaces - Year-over-year growth 2020-2025 (%)
Coreless induction furnaces - Market size and forecast 2020-2025 ($ million)
Coreless induction furnaces - Year-over-year growth 2020-2025 (%)
Market opportunity by Type
Customer landscape
Impact of drivers and challenges
Vendor landscape
Landscape disruption
Industry risks
Vendors covered
Market positioning of vendors
Electro Power Enterprise - Overview
Electro Power Enterprise - Product and service
Electro Power Enterprise - Key offerings
Electro Power Enterprise - Key customers
Electro Power Enterprise - Segment focus
Foster Induction Pvt. Ltd. - Overview
Foster Induction Pvt. Ltd. - Product and service
Foster Induction Pvt. Ltd. - Key offerings
Foster Induction Pvt. Ltd. - Key customers
Foster Induction Pvt. Ltd. - Segment focus
HK Malvi Industries - Overview
HK Malvi Industries - Product and service
HK Malvi Industries - Key offerings
HK Malvi Industries - Key customers
HK Malvi Industries - Segment focus
Inductotherm Group - Overview
Inductotherm Group - Product and service
Inductotherm Group - Key offerings
Inductotherm Group - Key customers
Inductotherm Group - Segment focus
Jyoti CNC Automation Ltd. - Overview
Jyoti CNC Automation Ltd. - Product and service
Jyoti CNC Automation Ltd. - Key offerings
Jyoti CNC Automation Ltd. - Key customers
Jyoti CNC Automation Ltd. - Segment focus
Magnalenz - Overview
Magnalenz - Product and service
Magnalenz - Key offerings
Magnalenz - Key customers
Magnalenz - Segment focus
Orbit Induction - Overview
Orbit Induction - Product and service
Orbit Induction - Key offerings
Orbit Induction - Key customers
Orbit Induction - Segment focus
Plasma Induction India Pvt. Ltd. - Overview
Plasma Induction India Pvt. Ltd. - Product and service
Plasma Induction India Pvt. Ltd. - Key offerings
Plasma Induction India Pvt. Ltd. - Key customers
Plasma Induction India Pvt. Ltd. - Segment focus
Priyanka Induction Supermelt - Overview
Priyanka Induction Supermelt - Product and service
Priyanka Induction Supermelt - Key offerings
Priyanka Induction Supermelt - Key customers
Priyanka Induction Supermelt - Segment focus
UVRAX ENGINEERING OPC Pvt. Ltd. - Overview
UVRAX ENGINEERING OPC Pvt. Ltd. - Product and service
UVRAX ENGINEERING OPC Pvt. Ltd. - Key offerings
UVRAX ENGINEERING OPC Pvt. Ltd. - Key customers
UVRAX ENGINEERING OPC Pvt. Ltd. - Segment focus
Currency conversion rates for US$
Research Methodology
Validation techniques employed for market sizing
Information sources
List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the induction furnace market in India: Electro Power Enterprise, Foster Induction Pvt. Ltd., HK Malvi Industries, Inductotherm Group, Jyoti CNC Automation Ltd., Magnalenz, Orbit Induction, Plasma Induction India Pvt. Ltd., Priyanka Induction Supermelt, and UVRAX ENGINEERING OPC Pvt. Ltd.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is the Make in India initiative.`

According to the report, one of the major drivers for this market is the increasing business confidence within the furnace industry.

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.