Induction furnace is an electrical furnace that facilitates melting of metal using induction heating. It is an energy-efficient and easily-controlled melting process, based on the heating effect of the electromagnetic field.
A typical induction furnace comprises inductor coil, shell, crucible, and cooling system, and a tilting mechanism for pouring the molten metal. The inductor coil generates magnetic flux as alternating current passes through it. It is the magnetic flux that creates the heating effect inside the furnace.
Induction furnace has emerged as a boon for small-scale metal manufacturers. It is smaller in size, when compared to Electric Arc Furnace, and has low operational cost. Besides, it comes at an affordable price, which makes the induction furnace the first choice for small scale companies.
In 2019, the market size of Induction Furnace (IF) is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Induction Furnace (IF).
This report studies the global market size of Induction Furnace (IF), especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Induction Furnace (IF) production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ABP
Electrotherm
Inductotherm Group
Megatherm
Agni Electrical
Indotherm
Magnalenz Induction Melting Furnace
Pees Induction Equipment
Market Segment by Product Type
Coreless
Channel
Market Segment by Application
Melting
Heating
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Induction Furnace (IF) status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Induction Furnace (IF) manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Induction Furnace (IF) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Induction Furnace (IF). Industry analysis & Market Report on Induction Furnace (IF) is a syndicated market report, published as Global (United States, European Union and China) Induction Furnace (IF) Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Induction Furnace (IF) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.