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.
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:
- Inductotherm Group
- Amelt Corporation
- Wertli AG
- Fomet Srl
- MIT
- OTTO JUNKER
- ABP Induction Systems
- Corroco International Industrial
Highlights of The Induction Holding Furnaces Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Coreless Holding Furnaces
- Channel Holding Furnaces
- By Application:
- Large Foundries
- Small Foundries
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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