Global Industrial Induction Furnace Market Insights, Forecast to 2028

Industrial 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.
Market Analysis and Insights: Global Industrial Induction Furnace Market
Due to the COVID-19 pandemic, the global Industrial Induction Furnace market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Induction Melting Furnace accounting for % of the Industrial Induction Furnace global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Non-Ferrous Melting segment is altered to an % CAGR throughout this forecast period.
China Industrial Induction Furnace market size is valued at US$ million in 2021, while the US and Europe Industrial Induction Furnace are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Industrial Induction Furnace landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Industrial Induction Furnace include OTTO JUNKER, Inductotherm Group, ABP Induction Systems, ECM Technologies, Electrotherm, EFD Induction, SMS, Ajax Tocco and Indotherm, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Industrial Induction Furnace capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Industrial Induction Furnace by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Industrial Induction Furnace Scope and Segment
Industrial Induction Furnace market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Industrial Induction Furnace market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Induction Melting Furnace
Induction Heating Furnace
Segment by Application
Non-Ferrous Melting
Ferrous Melting
Specialty Melting
By Company
OTTO JUNKER
Inductotherm Group
ABP Induction Systems
ECM Technologies
Electrotherm
EFD Induction
SMS
Ajax Tocco
Indotherm
Megatherm
Ningbo Haishun Electronic
Ningbo Shenguang Electric Furnace
Retech Systems LLC
Hebei YUANTUO
Dai-ichi Kiden
Jinlai Electromechanical
Agni Electrical
Shenzhen Shuangping
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE