Press release
Induction Furnace Market Landscape 2025: Forecast Data and Growth Strategy Insights
Induction Furnace Market
What Is the Expected CAGR for the Induction Furnace Market Through 2025?
There has been a robust growth in the induction furnace market size over the past few years. It is projected to escalate from a valuation of $1.21 billion in 2024, to attain a value of $1.29 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. The upsurge during the historic period can be credited to the rise in urbanization, an upward trend in construction activities, the expansion of iron and steel sectors, and significant economic development in burgeoning markets.
What's the Projected Size of the Global Induction Furnace Market by 2029?
In the upcoming years, the induction furnace market is predicted to experience significant expansion, escalating to $1.7 billion by 2029, with a compound annual growth rate (CAGR) of 7.1%. The growth during the projected period is ascribed to swift industrialization, expansion of the automotive market, progress in the aerospace sector and heightened global demand for steel and copper. The prediction period sees trends such as heightened automation and IoT (Internet of things) integration, advancement of compact and mobile furnaces, adoption of eco-friendly technologies, product innovations, and the rise of induction stirring technology.
View the full report here:
https://www.thebusinessresearchcompany.com/report/induction-furnace-global-market-report
Top Growth Drivers in the Induction Furnace Industry: What's Accelerating the Market?
The induction furnace market is set to be boosted by the growth of the aerospace industry. Induction furnaces, due to their precise specifications, are a popular choice among aerospace companies for manufacturing purposes. They offer diverse applications in the building of aircraft, including metal hardening, heat treatment, epoxy and coating curing, research and testing of special materials, heating and bonding of composite materials, casting of various metals such as titanium and super alloys, vacuum and levitation melting of unique alloys, among others. For example, the Aerospace Industries Association, a US governmental agency, reported in September 2024 that the US aerospace and defense industry in 2023 achieved over $955 billion in sales, a 7.1 percent increase from the year before. This expansion in the aerospace sector is likely to fuel the growth of the induction furnace market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6923&type=smp
What Trends Will Shape the Induction Furnace Market Through 2029 and Beyond?
Key players in the induction furnace market are adopting induction stirring methodologies more frequently in order to optimize the uniformity of liquid metal, taking advantage of magnetic fields to create stirring movements that augment mixing and alloying. This proves advantageous particularly for the creation of distinct alloys and superior-quality castings. For example, Tenova, a firm based in Italy that offers sustainable strategies for the mining and metals sector, partnered with ABB, a Swiss firm renowned for expertise in automation and electrification technologies, in October 2023. This collaboration aims to boost the performance of electric arc furnaces by incorporating innovative stirring technologies and automation systems, leading to enhanced efficiency, productivity, and environmentally friendly practices in steel manufacturing processes.
What Are the Main Segments in the Induction Furnace Market?
The induction furnace market covered in this report is segmented -
1) By Type: Coreless Induction Furnace, Channel Induction Furnace
2) By Furnace Capacity: Up To 1 Ton, 1-100 Ton, More Than 100 Ton
3) By End-Use Industries: Steel, Copper, Aluminium, Zinc, Other End-Use Industries
Subsegments:
1) By Coreless Induction Furnace: Medium Frequency Coreless Induction Furnace, High Frequency Coreless Induction Furnace
2) By Channel Induction Furnace: Horizontal Channel Induction Furnace, Vertical Channel Induction Furnace
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6923&type=smp
Which Top Companies are Driving Growth in the Induction Furnace Market?
Major companies operating in the induction furnace market include Danieli Group, SMS Group, Tenova S.p.A, Electrotherm Limited, IHI Group, Meltech Ltd., ABP Induction Systems, Inductotherm Group, JP Steel Plantech Co., ECM Technologies, Indotherm Equipment Corporation, Dongguan Jinlai Electromechanical Device Co. Ltd., Guangzhou Durowelder Limited, Shandong Huaxin Electric Furnace Co. Ltd., Xi'an Abundance Electric Technology Co. Ltd., EFD Induction Ltd, Consarc Engineering Ltd, Wallwork Group, eldec Induction GmbH, Inductoheat Europe GmbH, PIOMA-ODLEWNIA S.A, Electrometalurgica S.A., Pillar Induction, ESC Induction, AMLET, EMSCO Inc., Ajax Tocco Magnethermic, Amir Industrial Equipments, Iran Industrial Furnaces, Cerefco, MUR Industries CC, Induction Technology Corporation, GH Induction group, TermiSoluciones SAS, Thermochem Furnaces Pvt. Ltd, ELTERMA S.A
Which Regions Will Dominate the Induction Furnace Market Through 2029?
Asia-Pacific was the largest region in the induction furnace market in 2024. The regions covered in the induction furnace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6923
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Induction Furnace Market Landscape 2025: Forecast Data and Growth Strategy Insights here
News-ID: 4104200 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Induction
Core Type Induction Furnace Market Current Scenario and Future Prospects | Globa …
Global Core Type Induction Furnace Market Outlook 2025-2033: Rising Demand and Key Trends:
The latest research study by Infinity Business Insights, titled 'Global Core Type Induction Furnace Market,' offers 142+ pages of in-depth analysis on business strategies adopted by key and emerging industry players. It provides insights into current market developments, trends, technologies, drivers, opportunities, and overall market outlook. Understanding various segments is crucial for identifying the factors that drive market growth. Some…
Induction Heat Treatment Solution for Wind Market Size in 2023 To 2029 | Shiyan …
The Induction Heat Treatment Solution for Wind Industry market report is a valuable resource for clients who wish to forecast investments in emerging markets, expand their market share, or introduce new products. By utilizing established tools and techniques, the report offers a comprehensive and simplified analysis of the multifaceted market. With clear and understandable data presented through the use of graphs and charts, the report is a reliable marketing tool.…
Induction Furnace Melting Aluminum
The induction melting furnace working principle is that the power supply device converts the power frequency 50HZ alternating current into the medium frequency (from 300HZ to 1000HZ), converts the three-phase power frequency alternating current into the direct current after rectification, and then converts the direct current into the adjustable medium frequency current, supplies the medium frequency alternating current flowing through the capacitor and the induction coil, generates high-density magnetic lines…
Global High Frequency Induction Heating Machine Market 2019 - Inductotherm Group …
This new report by Eon Market Research, titled “Global High Frequency Induction Heating Machine Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of High Frequency Induction Heating Machine industry at a global as well as regional and country level. Key facts analyzed in this report include the High Frequency Induction Heating Machine market size by players, regions, product types and end industries, history data 2014-2018 and forecast…
Induction Furnace Market Foraying into Emerging Economies 2018 to 2028(Based on …
Induction Furnace Market: Introduction
Induction furnace is an electrical furnace in which the heat is generated by induction heat of the metal. Induction capacities range from less than one kilogram to one hundred tonnes, and widely used to melt iron, steel, copper, aluminium and precious metal. The main advantage of the induction furnace is a clean, energy-efficient and well-controllable melting process compared to most other means of metal melting.
Induction Furnace Market:…
Global Induction Furnace Transformers Market Analysis & Outlook 2018-2025 | Kita …
Qyresearchreports include new market research report Global Induction Furnace Transformers Market Insights,Forecast to 2025 to its huge collection of research reports.
Induction Furnace Transformers are used to supply power to an induction furnace, which lowers the high voltage to the lower voltage required for induction furnace applications.
The Induction Furnace Transformers market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a…
