Induction Furnaces market

Induction Furnaces market Research Report
By Forecast 2025
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2025
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

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Induction Furnaces market Forecast To 2025
Induction Furnaces market Forecast To 2025
• Induction furnace is used to melt metals for its use in industrial processes. This report by Market
Research Future (MRFR) unravels that the global Induction Furnaces market is set to mark 5.6%
CAGR across the evaluation period 2019 to 2025. It is also assessed to touch USD 1.5 Bn mark in
terms of value by 2025.

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Induction Furnaces market Forecast To 2025
“Taste the market data and market information presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content
TOC & market synopsis on Induction Furnaces market Forecast To 2025”
• The efficiency of these furnaces in casting metals with high melting points is projected to catalyze
the growth of the Induction Furnaces market in the foreseeable future. Increasing demand for
metals such as copper and steel in the industrial processes is likely to boost demand for induction
furnace in the years to come.

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Induction Furnaces market Forecast To 2025
Global Induction Furnaces market Segmented on the basis of
On the basis of type, the Induction Furnaces market has been segmented into coreless induction furnace,
channel induction furnace, and others. Among these, the coreless induction furnace segment is
prognosticated to anticipated to remain the largest segment over the next couple of years. It is used for
casting metals with high melting points such as copper and iron. Increasing demand for these metals in
industrial processes is anticipated to boost the growth of the segment in the forthcoming years.
On the basis of furnace capacity, the global Induction Furnaces market has been segmented into up to 1
ton, 1 – 100 ton, and more than 100 ton. Among these, the 1 – 100 ton segment is prognosticated to
witness the fastest growth rate on account of its extensive use in the developing economies. The product
is ideal for small and medium-size plants and requires less investments, which is poised to catapult the
segment on growth trajectory.

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Induction Furnaces market Forecast To 2025
Global Induction Furnaces market - Geographical Analysis
• The geographical assessment of the global Induction Furnaces market is included in this MRFR report. The
regional segments identified and assessed here are – North America, Asia Pacific (APAC), Europe, and the Rest
of the World (RoW). These regions are then further sub-segmented on the basis of key country-level markets.
Asia Pacific is the largest region-based segment and is assessed to thrive at the highest CAGR over the forecast
period. Increasing investments in the industrial sector, coupled with rapid industrialization, is projected to
drive the growth of the industry furnace market in the region.
• North America is a comparatively mature market and is expected to exhibit limited demand. Meanwhile,
Europe is anticipated to grow substantially over the next few years. The Induction Furnaces market in the
region is likely to benefit from the rising domestic applications.
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Induction Furnaces market Forecast To 2025
Global Induction Furnaces market
- Competitive Analysis
• Electrotherm (India), SMS Elotherm GmbH (Germany), Danieli Group (Italy), Meltech Ltd (UK), Doshi Technologies
Pvt. Ltd (India), Tenova SpA (Italy), IHI Machinery and Furnace Co., Ltd (Japan), ECM Technologies (Netherlands),
JP Steel, Plantech Co. (Japan), Pees Induction, Equipment’s Pvt. Ltd (India), Agni Electrical Pvt. Ltd (India), and
Magnalenz (India) are some of the global players of the Induction Furnaces market.
• These players are anticipated to invest in growth strategies such as mergers, agreements, acquisitions, strategic
partnerships, alliances, collaborations, etc. In addition, the focus on increasing investments for regional expansion
is further prognosticated to drive the growth of the Induction Furnaces market over the next couple of years.
• Browse Report @ https://www.marketresearchfuture.com/reports/induction-furnace-market-
8251

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