Global Electric Induction Melting Furnace Market Insights, Forecast to 2028

An induction melting furnace is an electric melting furnace in which heat is applied by inductively heating or melting a metal. Induction melting furnaces range in capacity from less than one kilogram to one hundred tons for melting iron and steel, copper, aluminum and precious metals.
Market Analysis and Insights: Global Electric Induction Melting Furnace Market
Due to the COVID-19 pandemic, the global Electric Induction Melting 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, Core Induction Furnace accounting for % of the Electric Induction Melting 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 segment is altered to an % CAGR throughout this forecast period.
China Electric Induction Melting Furnace market size is valued at US$ million in 2021, while the US and Europe Electric Induction Melting 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 Electric Induction Melting Furnace landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Electric Induction Melting 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 Electric Induction Melting 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 Electric Induction Melting Furnace by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Electric Induction Melting Furnace Scope and Segment
Electric Induction Melting Furnace market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Electric Induction Melting 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
Core Induction Furnace
Coreless Induction Furnace
Segment by Application
Non-Ferrous
Ferrous
Specialty Melting
By Company
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
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E