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Induction Furnace Global Market Opportunities and Strategies to 2032

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    Report

  • 281 Pages
  • August 2023
  • Region: Global
  • The Business Research Company
  • ID: 5866804
This report describes and explains the induction furnace market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global induction furnace market reached a value of nearly $1,071.37 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.2% since 2017. The market is expected to grow from $1,071.37 million in 2022 to $1,463.84 million in 2027 at a rate of 6.4%. The market is then expected to grow at a CAGR of 7.4% from 2027 and reach $2,092.24 million in 2032.

Growth in the historic period resulted from increased urbanization, increased construction, increased growth of the iron and steel industries, and strong economic growth in emerging markets. Factors that negatively affected growth in the historic period were the coronavirus (COVID-19) outbreak and the reduction in free trade globally.

Going forward, rapid industrialization, the increasing growth of the automotive market, the growing aerospace sector, and the rising global demand for steel and copper will drive the growth. Factors that could hinder the growth of the induction furnace market in the future include the impact of the Russia-Ukraine war and the shortage of skilled labor.

The induction furnace market is segmented by type into coreless induction furnace and channel induction furnace. The coreless market was the largest segment of the induction furnace market segmented by type, accounting for 67.07% of the total in 2022. Going forward, the channel induction furnace segment is expected to be the fastest growing segment in the induction furnace market segmented by type, at a CAGR of 6.5% during 2022-2027.

The induction furnace market is segmented by end-use into steel, copper, aluminium, zinc, and other end uses. The steel market was the largest segment of the induction furnace market segmented by end-use industry, accounting for 52.06% of the total in 2022. Going forward, the aluminium segment is expected to be the fastest growing segment in the induction furnace market segmented by end-use industry, at a CAGR of 6.7% during 2022-2027.

The induction furnace market is segmented by furnace capacity into up to 1 ton, 1-100 ton, and more than 100 ton. The 1-100 ton market was the largest segment of the induction furnace market segmented by furnace capacity, accounting for 70.76% of the total in 2022. Going forward, the 1-100 ton segment is expected to be the fastest growing segment in the induction furnace market segmented by furnace capacity, at a CAGR of 6.6% during 2022-2027.

Asia Pacific was the largest region in the induction furnace market, accounting for 42.6% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the induction furnace market will be Asia Pacific and Western Europe where growth will be at CAGRs of 7.4% and 6.2% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 5.9% and 5.5% respectively.

The global induction furnace market is highly fragmented, with a large number of players in the market. The top ten competitors in the market made up to 23.06% of the total market in 2021. Danieli Group was the largest competitor with 6.14% of the market, followed by SMS Group (SMS Elotherm GmbH) with 3.78%, Tenova S.p.A with 3.48%, Electrotherm Limited with 2.88%, IHI Group with 2.08%, Meltech Ltd. with 1.99%, ABP Induction Systems with 1.08%, Inductotherm Groupwith 0.87%, JP Steel Plantech Co. with 0.46% and ECM Technologies with 0.30%.

The top opportunities in the induction furnace market segmented by type will arise in the coreless segment, which will gain $262.9 million of global annual sales by 2027. The top opportunities in the induction furnace market segmented by end-use industries will arise in the steel segment, which will gain $199.8 million of global annual sales by 2027. The top opportunities in the induction furnace market segmented by furnace capacity will arise in the 1-100 ton segment, which will gain $283.3 million of global annual sales by 2027. The induction furnace market size will gain the most in China at $112.8 million.

Market-trend-based strategies for the induction furnace market include increasing integration of automation and IoT (Internet of Things), increasing development of compact and portable furnaces, increasing adoption of green technologies, product innovations, and increasing use of induction stirring technology

Player-adopted strategies in the induction furnace market include focus on product innovations, focus on customer centric products, and focus on increasing earnings foundations by enhancing productivity while cutting costs

To take advantage of the opportunities, the publisher recommends the induction furnace companies to focus on adoption of green technologies, focus on product innovations, focus on integration of automation and IoT (internet of things), focus on use of induction stirring technology, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, and continue to target fast-growing end-use industries.

Table of Contents

1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction And Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Induction Furnace Market Definition And Segmentations
6.4. Segmentation By Type
6.4.1. Coreless Induction Furnace
6.4.2. Channel Induction Furnace
6.5. Segmentation By End-Use
6.5.1. Steel
6.5.2. Copper
6.5.3. Aluminium
6.5.4. Zinc
6.5.5. Other End Uses
6.6. Segmentation By Furnace Capacity
6.6.1. Up To 1 Ton
6.6.2. 1-100 Ton
6.6.3. More Than 100 Ton
7. Major Market Trends
7.1. Increasing Integration of Automation And IoT
7.2. Increasing Development Of Compact And Portable Furnaces
7.3. Increasing Adoption Of Green Technologies
7.4. Product Innovations
7.5. Increasing Use Of Induction Stirring Technology
8. Global Market Size and Growth
8.1. Market Size
8.2. Historic Market Growth, 2017 - 2022, Value ($ Million)
8.2.1. Market Drivers 2017 - 2022
8.2.2. Market Restraints 2017 - 2022
8.3. Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
8.3.1. Market Drivers 2022 - 2027
8.3.2. Market Restraints 2022 - 2027
9. Global Induction Furnace Market Segmentation
9.1. Global Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.2. Global Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.3. Global Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10. Induction Furnace Market, Regional and Country Analysis
10.1. Global Induction Furnace Market, By Region, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10.2. Global Induction Furnace Market, By Country, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major Associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.4. Asia-Pacific Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.5. Asia-Pacific Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.6. Asia-Pacific Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.7. Asia-Pacific Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.8. Asia-Pacific Induction Furnace Market: Country Analysis
11.9. China Market
11.10. Summary
11.11. Market Overview
11.11.1. Country Information
11.11.2. Market Information
11.11.3. Background Information
11.11.4. Government Initiatives
11.11.5. Regulations
11.11.6. Regulatory Bodies
11.11.7. Major Associations
11.11.8. Taxes Levied
11.11.9. Corporate tax structure
11.11.10. Investments
11.11.11. Major Companies
11.12. China Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.13. China Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.14. China Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.15. China Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.16. China Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.17. India Market
11.18. India Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.19. India Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.20. India Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.21. India Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.22. India Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.23. Japan Market
11.24. Japan Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.25. Japan Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.26. Japan Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.27. Japan Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.28. Japan Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.29. Australia Market
11.30. Australia Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.31. Australia Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.32. Australia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.33. Australia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.34. Australia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.35. Indonesia Market
11.36. Indonesia Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.37. Indonesia Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.38. Indonesia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.39. Indonesia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.40. Indonesia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.41. South Korea Market
11.42. South Korea Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.43. South Korea Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.44. South Korea Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.45. South Korea Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.46. South Korea Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory Bodies
12.2.7. Major Associations
12.2.8. Taxes Levied
12.2.9. Corporate Tax Structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.4. Western Europe Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.5. Western Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.6. Western Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.7. Western Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.8. Western Europe Induction Furnace Market: Country Analysis
12.9. UK Market
12.10. UK Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.11. UK Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.12. UK Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.13. UK Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.14. UK Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.15. Germany Market
12.16. Germany Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.17. Germany Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.18. Germany Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.19. Germany Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.20. Germany Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.21. France Market
12.22. France Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.23. France Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.24. France Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.25. France Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.26. France Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Major Associations
13.2.8. Taxes Levied
13.2.9. Corporate Tax Structure
13.2.10. Investments
13.2.11. Major Companies
13.3. Eastern Europe Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.4. Eastern Europe Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.5. Eastern Europe Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.6. Eastern Europe Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.7. Eastern Europe Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.8. Eastern Europe Induction Furnace Market: Country Analysis
13.9. Russia Market
13.10. Russia Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.11. Russia Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.12. Russia Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.13. Russia Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.14. Russia Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Major Associations
14.2.8. Taxes Levied
14.2.9. Corporate Tax Structure
14.2.10. Investments
14.2.11. Major Companies
14.3. North America Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.4. North America Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.5. North America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.6. North America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.7. North America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.8. North America Induction Furnace Market: Country Analysis
14.9. USA Market
14.10. Summary
14.11. Market Overview
14.11.1. Country Information
14.11.2. Market Information
14.11.3. Background Information
14.11.4. Government Initiatives
14.11.5. Regulations
14.11.6. Regulatory Bodies
14.11.7. Major Associations
14.11.8. Taxes Levied
14.11.9. Corporate Tax Structure
14.11.10. Investments
14.11.11. Major Companies
14.12. USA Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.13. USA Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.14. USA Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.15. USA Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.16. USA Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulation
15.2.6. Regulatory Bodies
15.2.7. Major Association
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.4. South America Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.5. South America Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.6. South America Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.7. South America Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.8. South America Induction Furnace Market: Country Analysis
15.9. Brazil Market
15.10. Brazil Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.11. Brazil Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.12. Brazil Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.13. Brazil Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.14. Brazil Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
16.4. Middle East Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
16.5. Middle East Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.6. Middle East Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.7. Middle East Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Induction Furnace Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
17.4. Africa Induction Furnace Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
17.5. Africa Induction Furnace Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.6. Africa Induction Furnace Market, Segmentation By End Use Industries, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.7. Africa Induction Furnace Market, Segmentation By Furnace Capacity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
18. Competitive Landscape And Company Profiles
18.1. Company Profiles
18.2. Danieli Group
18.2.1. Company Overview
18.2.2. Products And Services
18.2.3. Business Strategy
18.2.4. Financial Overview
18.3. SMS Group (SMS Elotherm GmbH)
18.3.1. Company Overview
18.3.2. Products And Services
18.3.3. Financial Overview
18.4. Tenova S.p.A
18.4.1. Company Overview
18.4.2. Products And Services
18.4.3. Financial Overview
18.5. Electrotherm Limited
18.5.1. Company Overview
18.5.2. Products And Services
18.5.3. Business Strategy
18.5.4. Financial Overview
18.6. IHI Group
18.6.1. Company Overview
18.6.2. Products And Services
18.6.3. Business Strategy
18.6.4. Financial Overview
19. Key Mergers and Acquisitions
19.1. Busch Vacuum Acquired McLaughlin Furnace Group
19.2. MetalX Acquired SRT Aluminum
19.3. Ofbusiness Acquired SMW Ispat
19.4. JTL Integrated Machine Ltd. (JTL) and Trenergy Inc. Acquired Can-Eng Furnaces International Ltd.
19.5. General Kinematics Acquired CYRUS Schwingtechnik
19.6. Nitrex Acquired G-M Enterprises
20. Opportunities And Strategies
20.1. Global Induction Furnace Market In 2027 - Countries Offering Most New Opportunities
20.2. Global Induction Furnace Market In 2027 - Segments Offering Most New Opportunities
20.3. Global Induction Furnace Market In 2027 - Growth Strategies
20.3.1. Market Trend Based Strategies
20.3.2. Competitor Strategies
21. Induction Furnace Market, Conclusions And Recommendations
21.1. Conclusions
21.2. Recommendations
21.2.1. Product
21.2.2. Place
21.2.3. Price
21.2.4. Promotion
21.2.5. People
22. Appendix
22.1. Market Data Sources
22.2. Research Methodology
22.3. Currencies
22.4. About the Publisher
22.5. Copyright and Disclaimer

Executive Summary

Induction Furnace Global Market Opportunities and Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global induction furnace market as it emerges from the COVID-19 shut down.

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Description:

Where is the largest and fastest-growing market for induction furnace? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The induction furnace market global report answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider induction furnace market; and compares it with other markets.

The report covers the following chapters

  • Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the induction furnace market.
  • Key Trends - Highlights the major trends shaping the global induction furnace market. This section also highlights likely future developments in the market.
  • Global Market Size and Growth - Global historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional Analysis - Historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values and growth and market share comparison by region.
  • Market Segmentation - Contains the market values (2017-2032) and analysis for each segment by type, by end use industries and by furnace capacity in the market.
  • Regional Market Size and Growth - Regional market size (2022), historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
  • Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
  • Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
  • Conclusions and Recommendations - This section includes recommendations for induction furnace providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Scope

Markets Covered:

1) By Type: Coreless Induction Furnace; Channel Induction Furnace
2) By End Use Industries: Steel; Copper; Aluminium; Zinc; Other End Uses
3) By Furnace Capacity: Up to 1 ton; 1-100 ton; More than 100 ton

Companies Mentioned: Danieli Group; SMS Group (SMS Elotherm GmbH); Tenova S.p.A; Electrotherm Limited; IHI Group

Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time-series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; induction furnace indicators comparison.

Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned (Partial List)

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

  • Danieli Group
  • SMS Group (SMS Elotherm GmbH)
  • Tenova S.p.A
  • Electrotherm Limited
  • IHI Group

Methodology

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Table Information