Let’s Understand 4.0% Growth Rate of Induction Furnace (IF) Market on Global Aspect and Influencing Factors

The global Induction Furnace (IF) market was valued at US$ 844.7 million in 2019 and it is expected to reach US$ 1099.5 million by the end of 2026, growing at a CAGR of 4.0% during 2021-2026.

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.

A typical induction furnace comprises inductor coil, shell, crucible, and cooling system, and a tilting mechanism for pouring the molten metal. The inductor coil generates magnetic flux as alternating current passes through it. It is the magnetic flux that creates the heating effect inside the furnace.

Asia-Pacific held a key market revenue share of the linear motor market in 2019 which account for 66.26%. In 2019, OTTO JUNKER, Inductotherm Group, ABP Induction Systems ranked top 3 of the revenue share in global market. These companies will witness a stable growth in the following five years.

Global Induction Furnace (IF) Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Induction Furnace (IF) Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are 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 Electric Shenzhen Shuangping and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-induction-furnace-if-market-research-report

Segment by Type

  • Induction Melting Furnace
  • Induction Heating Furnace

Segment by Application

  • Non-Ferrous
  • Ferrous
  • Specialty Melting

Table of Content:

1 Induction Furnace (IF) Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Induction Furnace (IF) Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Induction Furnace (IF) Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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Company Name: The Market Reports

Contact Person: Shirish Gupta

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