The Induction Furnace Global Market Report 2023, provides comprehensive information on the induction furnace market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/induction-furnace-global-market-report
As per The Business Research Company’s Induction Furnace Global Market Report 2023, the market size is expected to grow from $1.07 billion in 2022 to $1.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global induction furnace is expected to grow to $1.45 billion in 2027 at a CAGR of 6.2%.
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The induction furnace market is segmented:
1) By Coreless Induction Furnace, Channel Induction Furnace
2) By End-Use Industry: Steel Industry, Copper Industry, Aluminum Industry, Zinc Industry
3) By Furnace Capacity: Up To 1 Ton, 1–100 Ton, More than 100 Ton
Asia-Pacific was the largest region in the induction furnace market in 2022.
The table of contents in TBRC’s induction furnace market report includes:
- Executive Summary
- Induction Furnace Market Characteristics
- Induction Furnace Market Trends And Strategies
- Induction Furnace Market – Macro Economic Scenario
- Induction Furnace Market Size And Growth
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- Africa Induction Furnace Market
- Induction Furnace Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Induction Furnace Market
- Induction Furnace Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Electrotherm
- Danieli & C. S.p.A
- SMS Elotherm GmbH
- Meltech Ltd
- Tenova S.p.A
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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