The global Induction Furnace (IF) market was valued at 811.96 Million USD in 2021 and will grow with a CAGR of 4.24% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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. Asia-Pacific held a key market revenue share of the linear motor market in 2019 which account for 66.26%. In 2019, OTTO JUNKER, Inductotherm Group, ABP Induction Systems ranked top 3 of the revenue share in global market. These companies will witness a stable growth in the following five years.

By Market Verdors:

OTTO JUNKER

Inductotherm Group

ABP Induction Systems

ECM Technologies

Electrotherm

EFD Induction

SMS

Ajax Tocco

Indotherm

Megatherm

Ningbo Haishun Electronic Co., Ltd

Ningbo Shenguang Electric Furnace Co., Ltd

Retech Systems LLC

Hebei YUANTUO

Dai-ichi Kiden Co.,Ltd

Jinlai Electromechanical

Agni Electrical

Shenzhen Shuangping

By Types:

Induction Melting Furnace

Induction Heating Furnace

By Applications:

Non-Ferrous

Ferrous

Specialty Melting

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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