Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Induction Holding Furnaces Market by Type (Coreless Holding Furnaces, Channel Holding Furnaces), By Application (Large Foundries, Small Foundries) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Induction Holding Furnaces Market by Type (Coreless Holding Furnaces, Channel Holding Furnaces), By Application (Large Foundries, Small Foundries) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159841 3300 Machinery & Equipment 377 242 Pages 4.5 (45)
                                          

Market Overview:


The Global Induction Holding Furnaces Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for induction holding furnaces from large foundries and small foundries across the globe. In addition, the growing demand for induction heating systems in various end-use industries is also contributing to the growth of this market. Based on type, the global induction holding furnaces market can be segmented into coreless holding furnaces and channel holding furnaces. The coreless holding furnace segment is expected to account for a larger share of this market in 2018 owing to its high efficiency and low power consumption as compared to other types of induction heating systems. Based on application, the global induction heating system market can be divided into large foundries and small foundries.


Global Induction Holding Furnaces Industry Outlook


Product Definition:


An induction holding furnace is a type of furnace that uses induction heating to heat materials. The importance of induction holding furnaces is that they can heat materials quickly and evenly, making them ideal for use in manufacturing and other industrial applications.


Coreless Holding Furnaces:


Coreless Holding Furnaces are used in the manufacturing of ceramic tiles, sanitary ware and other construction related products. The growth factor for coreless holding furnaces is high thermal efficiency coupled with low operating cost which makes it a favorable technology over the traditional induction held furnaces.


Channel Holding Furnaces:


A channel holding furnace is a type of induction heating system used to heat the metal parts in order to bend or form them. It consists of two metal plates, which are heated from both sides by an electric current passed through the base plate. The molten metal is introduced between these two plates and gets solidified as it cools down due to the air present inside the chamber.


The channel holding furnace has several benefits over other processes such as die casting.


Application Insights:


The large foundries segment held the largest market share of over 60% in 2017. The growth can be attributed to the increasing demand for steel from construction, automotive and other industries. Channel holding furnaces are widely used in small foundries as they offer a cost-effective solution by minimizing inventory and production downtime.


Induction held furnace types such as coreless, channel and others have been gaining popularity due to their low maintenance costs, high efficiency at a lower temperature range along with ease of use & installation features. Smaller size reduces heat loss during transfer which helps in maintaining required metal temperatures while ensuring higher precision & quality of castings or forgings produced using these systems.


Regional Analysis:


Asia Pacific held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing demand for induction holding furnaces from various end-use industries such as automotive, aerospace, and foundry. Increasing production of electric vehicles along with rising investments in defense & aerospace sector by China and India are some of the major factors contributing to regional growth.


The North America market was valued at USD X million in 2017 owing to high demand from several key end-use industries such as metal casting, oil & gas industry, etc. In North America there is a significant presence of coreless heating equipment manufacturers who are offering their products through distributorships or directly to customers through online platforms or showrooms located near metro areas (e.g., New York City). This factor is also supporting regional growth.


Growth Factors:


  • Increasing demand from the automotive and aerospace industries for high-quality, precision components
  • Growing popularity of induction heating as a surface treatment method for improving the performance and durability of metal parts
  • Rising demand for energy-efficient heating systems that can reduce manufacturing costs
  • Advances in furnace technology that are making induction heating more efficient and cost effective
  • The increasing use of 3D printing in manufacturing, which is creating new opportunities for using induction heating to improve part quality

Scope Of The Report

Report Attributes

Report Details

Report Title

Induction Holding Furnaces Market Research Report

By Type

Coreless Holding Furnaces, Channel Holding Furnaces

By Application

Large Foundries, Small Foundries

By Companies

Inductotherm Group, Amelt Corporation, Wertli AG, Fomet Srl, MIT, OTTO JUNKER, ABP Induction Systems, Corroco International Industrial

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

242

Number of Tables & Figures

170

Customization Available

Yes, the report can be customized as per your need.


Global Induction Holding Furnaces Market Report Segments:

The global Induction Holding Furnaces market is segmented on the basis of:

Types

Coreless Holding Furnaces, Channel Holding Furnaces

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Large Foundries, Small Foundries

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Inductotherm Group
  2. Amelt Corporation
  3. Wertli AG
  4. Fomet Srl
  5. MIT
  6. OTTO JUNKER
  7. ABP Induction Systems
  8. Corroco International Industrial

Global Induction Holding Furnaces Market Overview


Highlights of The Induction Holding Furnaces Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Coreless Holding Furnaces
    2. Channel Holding Furnaces
  1. By Application:

    1. Large Foundries
    2. Small Foundries
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Induction Holding Furnaces Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Induction Holding Furnaces Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Induction holding furnaces are a type of electric furnace that uses an induction coil to produce heat. They are often used in the manufacturing of metals, plastics, and other materials.

Some of the key players operating in the induction holding furnaces market are Inductotherm Group, Amelt Corporation, Wertli AG, Fomet Srl, MIT, OTTO JUNKER, ABP Induction Systems, Corroco International Industrial.

The induction holding furnaces market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Induction Holding Furnaces Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Induction Holding Furnaces Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Induction Holding Furnaces Market - Supply Chain
   4.5. Global Induction Holding Furnaces Market Forecast
      4.5.1. Induction Holding Furnaces Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Induction Holding Furnaces Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Induction Holding Furnaces Market Absolute $ Opportunity

5. Global Induction Holding Furnaces Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Induction Holding Furnaces Market Size and Volume Forecast by Type
      5.3.1. Coreless Holding Furnaces
      5.3.2. Channel Holding Furnaces
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Induction Holding Furnaces Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Induction Holding Furnaces Market Size and Volume Forecast by Application
      6.3.1. Large Foundries
      6.3.2. Small Foundries
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Induction Holding Furnaces Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Induction Holding Furnaces Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Induction Holding Furnaces Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Induction Holding Furnaces Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Induction Holding Furnaces Demand Share Forecast, 2019-2026

9. North America Induction Holding Furnaces Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Induction Holding Furnaces Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Induction Holding Furnaces Market Size and Volume Forecast by Application
      9.4.1. Large Foundries
      9.4.2. Small Foundries
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Induction Holding Furnaces Market Size and Volume Forecast by Type
      9.7.1. Coreless Holding Furnaces
      9.7.2. Channel Holding Furnaces
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Induction Holding Furnaces Demand Share Forecast, 2019-2026

10. Latin America Induction Holding Furnaces Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Induction Holding Furnaces Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Induction Holding Furnaces Market Size and Volume Forecast by Application
      10.4.1. Large Foundries
      10.4.2. Small Foundries
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Induction Holding Furnaces Market Size and Volume Forecast by Type
      10.7.1. Coreless Holding Furnaces
      10.7.2. Channel Holding Furnaces
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Induction Holding Furnaces Demand Share Forecast, 2019-2026

11. Europe Induction Holding Furnaces Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Induction Holding Furnaces Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Induction Holding Furnaces Market Size and Volume Forecast by Application
      11.4.1. Large Foundries
      11.4.2. Small Foundries
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Induction Holding Furnaces Market Size and Volume Forecast by Type
      11.7.1. Coreless Holding Furnaces
      11.7.2. Channel Holding Furnaces
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Induction Holding Furnaces Demand Share, 2019-2026

12. Asia Pacific Induction Holding Furnaces Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Induction Holding Furnaces Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Induction Holding Furnaces Market Size and Volume Forecast by Application
      12.4.1. Large Foundries
      12.4.2. Small Foundries
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Induction Holding Furnaces Market Size and Volume Forecast by Type
      12.7.1. Coreless Holding Furnaces
      12.7.2. Channel Holding Furnaces
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Induction Holding Furnaces Demand Share, 2019-2026

13. Middle East & Africa Induction Holding Furnaces Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Induction Holding Furnaces Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Induction Holding Furnaces Market Size and Volume Forecast by Application
      13.4.1. Large Foundries
      13.4.2. Small Foundries
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Induction Holding Furnaces Market Size and Volume Forecast by Type
      13.7.1. Coreless Holding Furnaces
      13.7.2. Channel Holding Furnaces
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Induction Holding Furnaces Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Induction Holding Furnaces Market: Market Share Analysis
   14.2. Induction Holding Furnaces Distributors and Customers
   14.3. Induction Holding Furnaces Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Inductotherm Group
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Amelt Corporation
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Wertli AG
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Fomet Srl
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. MIT
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. OTTO JUNKER
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. ABP Induction Systems
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Corroco International Industrial
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. COMPANY9
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. COMPANY 10
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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