The global melting furnaces market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for melting furnaces in various industries such as investment casting, precious metals melting, copper melting, alloy manufacturing and aluminum melting. The growing demand for these products in various industries is expected to drive the growth of this market during the forecast period.
The global molten metal furnace market by type can be segmented into cupola furnace, induction furnace and open hearth furnace. Cupola furnaces are used for heating up metals before they are poured into molds or castings; induction furnaces are used for heating up metals before they are poured into molds or castings; open hearth furnaces are used for heating up metals before they are poured into molds or castings.
- The demand for steel is expected to grow at a rate of 2% per year, which will increase the demand for melting furnaces.
- The need to produce more steel in order to meet the growing demand for automobiles and other products will also increase the demand for melting furnaces.
- The need to produce more aluminum in order to meet the growing demand for airplanes and other products will also increase the demand for melting furnaces.
- Increasing environmental regulations on emissions from factories that use coal as their primary fuel source will lead some factories to switch over to natural gas, which is cleaner burning than coal and can be used with less expensive equipment than coal-fired plants, increasing the market size of melting furnaces.
Industry Growth Insights published a new data on “Melting Furnaces Market”. The research report is titled “Melting Furnaces Market research by Types (Cupola Furnace, Induction Furnace, Open Hearth Furnace), By Applications (Investment Casting, Precious Metals Melting, Copper Melting, Alloy Manufacturing, Aluminum Melting), By Players/Companies AMELT , MG ELECTRICALS, Carant S.r.l., Inductotherm, Silcarb Recrystallized, Nabertherm, DOWA HOLDINGS, Kalyani Furnaces, ECM Technologies, Therelek, MPH, DAIDO STEEL, Swastik Furnaces, Electrotherm, Furnteck”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Melting Furnaces Market Research Report
By Type
Cupola Furnace, Induction Furnace, Open Hearth Furnace
By Application
Investment Casting, Precious Metals Melting, Copper Melting, Alloy Manufacturing, Aluminum Melting
By Companies
AMELT , MG ELECTRICALS, Carant S.r.l., Inductotherm, Silcarb Recrystallized, Nabertherm, DOWA HOLDINGS, Kalyani Furnaces, ECM Technologies, Therelek, MPH, DAIDO STEEL, Swastik Furnaces, Electrotherm, Furnteck
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Melting Furnaces Market Report Segments:
The global Melting Furnaces market is segmented on the basis of:
Types
Cupola Furnace, Induction Furnace, Open Hearth Furnace
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
Investment Casting, Precious Metals Melting, Copper Melting, Alloy Manufacturing, Aluminum Melting
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:
- AMELT
- MG ELECTRICALS
- Carant S.r.l.
- Inductotherm
- Silcarb Recrystallized
- Nabertherm
- DOWA HOLDINGS
- Kalyani Furnaces
- ECM Technologies
- Therelek
- MPH
- DAIDO STEEL
- Swastik Furnaces
- Electrotherm
- Furnteck
Highlights of The Melting 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:
- Cupola Furnace
- Induction Furnace
- Open Hearth Furnace
- By Application:
- Investment Casting
- Precious Metals Melting
- Copper Melting
- Alloy Manufacturing
- Aluminum Melting
- 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 Melting 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?
A melting furnace is a type of industrial furnace used to melt and cast metals. The molten metal is poured into the furnace, where it is heated until it reaches its liquid state.
Some of the key players operating in the melting furnaces market are AMELT , MG ELECTRICALS, Carant S.r.l., Inductotherm, Silcarb Recrystallized, Nabertherm, DOWA HOLDINGS, Kalyani Furnaces, ECM Technologies, Therelek, MPH, DAIDO STEEL, Swastik Furnaces, Electrotherm, Furnteck.
The melting furnaces market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Melting 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. Melting Furnaces Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Melting Furnaces Market - Supply Chain
4.5. Global Melting Furnaces Market Forecast
4.5.1. Melting Furnaces Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Melting Furnaces Market Size (000 Units) and Y-o-Y Growth
4.5.3. Melting Furnaces Market Absolute $ Opportunity
5. Global Melting 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. Melting Furnaces Market Size and Volume Forecast by Type
5.3.1. Cupola Furnace
5.3.2. Induction Furnace
5.3.3. Open Hearth Furnace
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Melting 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. Melting Furnaces Market Size and Volume Forecast by Application
6.3.1. Investment Casting
6.3.2. Precious Metals Melting
6.3.3. Copper Melting
6.3.4. Alloy Manufacturing
6.3.5. Aluminum Melting
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Melting 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. Melting 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 Melting 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. Melting 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 Melting Furnaces Demand Share Forecast, 2019-2026
9. North America Melting 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 Melting 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 Melting Furnaces Market Size and Volume Forecast by Application
9.4.1. Investment Casting
9.4.2. Precious Metals Melting
9.4.3. Copper Melting
9.4.4. Alloy Manufacturing
9.4.5. Aluminum Melting
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Melting Furnaces Market Size and Volume Forecast by Type
9.7.1. Cupola Furnace
9.7.2. Induction Furnace
9.7.3. Open Hearth Furnace
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 Melting Furnaces Demand Share Forecast, 2019-2026
10. Latin America Melting 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 Melting 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 Melting Furnaces Market Size and Volume Forecast by Application
10.4.1. Investment Casting
10.4.2. Precious Metals Melting
10.4.3. Copper Melting
10.4.4. Alloy Manufacturing
10.4.5. Aluminum Melting
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Melting Furnaces Market Size and Volume Forecast by Type
10.7.1. Cupola Furnace
10.7.2. Induction Furnace
10.7.3. Open Hearth Furnace
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 Melting Furnaces Demand Share Forecast, 2019-2026
11. Europe Melting 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 Melting 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 Melting Furnaces Market Size and Volume Forecast by Application
11.4.1. Investment Casting
11.4.2. Precious Metals Melting
11.4.3. Copper Melting
11.4.4. Alloy Manufacturing
11.4.5. Aluminum Melting
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Melting Furnaces Market Size and Volume Forecast by Type
11.7.1. Cupola Furnace
11.7.2. Induction Furnace
11.7.3. Open Hearth Furnace
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 Melting Furnaces Demand Share, 2019-2026
12. Asia Pacific Melting 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 Melting 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 Melting Furnaces Market Size and Volume Forecast by Application
12.4.1. Investment Casting
12.4.2. Precious Metals Melting
12.4.3. Copper Melting
12.4.4. Alloy Manufacturing
12.4.5. Aluminum Melting
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Melting Furnaces Market Size and Volume Forecast by Type
12.7.1. Cupola Furnace
12.7.2. Induction Furnace
12.7.3. Open Hearth Furnace
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 Melting Furnaces Demand Share, 2019-2026
13. Middle East & Africa Melting 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 Melting 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 Melting Furnaces Market Size and Volume Forecast by Application
13.4.1. Investment Casting
13.4.2. Precious Metals Melting
13.4.3. Copper Melting
13.4.4. Alloy Manufacturing
13.4.5. Aluminum Melting
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Melting Furnaces Market Size and Volume Forecast by Type
13.7.1. Cupola Furnace
13.7.2. Induction Furnace
13.7.3. Open Hearth Furnace
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 Melting Furnaces Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Melting Furnaces Market: Market Share Analysis
14.2. Melting Furnaces Distributors and Customers
14.3. Melting Furnaces Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AMELT
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MG ELECTRICALS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Carant S.r.l.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Inductotherm
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Silcarb Recrystallized
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nabertherm
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DOWA HOLDINGS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kalyani Furnaces
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ECM Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Therelek
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MPH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. DAIDO STEEL
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Swastik Furnaces
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Electrotherm
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Furnteck
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
