Induction Furnace Market 2022 - Size, Share, Research, Segments, Analysis, And Forecast

The global induction furnace market size is expected to grow from $1.01 billion in 2021 to $1.06 billion in 2022 at a compound annual growth rate (CAGR) of 5.5%. The global induction furnace market size is expected to reach $1.31 billion in 2026 at a CAGR of 5.5%.

The Business Research Company offers the Induction Furnace Global Market Report 2022 in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

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The induction furnace market consists of sales of induction furnaces by entities (organizations, sole traders, and partnerships) that are used to melt various metals at high temperatures in manufacturing industries. An induction furnace consists of an electric coil carrying an electric current that surrounds the camber of metal, which induces a charge. The circulation of this charge produces a high temperature that melts the metals and is used in making alloys of different metal compositions.

Some key induction furnace market players are Electrotherm, Danieli & C. S.p.A, SMS Elotherm GmbH, Meltech Ltd, Tenova S.p.A, Doshi Technologies Pvt. Ltd, IHI Machinery and Furnace Co., Ltd, ECM Technologies, Jiangsu Yueda Group Co., LTD, Wuxi Dongxong Heavy Arc Furnace Co., Ltd, OTTO JUNKER GmbH, Agni Electrical Pvt. Ltd, NUPRO CORPORATION, JP Steel Plantech Co., Magnalenz, Pees Induction Equipment's Pvt. Ltd, ABP Induction Systems GmbH, INDUCTOTHERM GRO.

The countries covered in the global induction furnace market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global induction furnace market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Induction Furnace Market Segmentation:

By Type
1. Coreless Induction Furnace
2. Channel Induction Furnace

By End-Use Industry
1. Steel Industry
2. Copper Industry
3. Aluminum Industry
4. Zinc Industry

By Furnace Capacity
1. Up To 1 Ton
2. 1-100 Ton
3. More than 100 Ton

See more on the report at https://www.thebusinessresearchcompany.com/report/induction-furnace-global-market-report

The Report's Table Of Contents includes
1. Executive Summary
2. Induction Furnace Market Characteristics
3. Induction Furnace Market Trends And Strategies
4. Impact Of COVID-19 On Induction Furnace
5. Induction Furnace Market Size And Growth
……
26. Africa Induction Furnace Market
27. Induction Furnace Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Induction Furnace Market
29. Induction Furnace Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the induction furnace market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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