Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Vacuum Induction Melting Furnaces (VIM) Market by Type (High Purity Metal, Nickel Titanium Alloys, Cobalt Alloy, Copper Alloy, Magnetic Alloy), By Application (Medical, Nuclear, Aerospace, Electronics, Power Generation) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Vacuum Induction Melting Furnaces (VIM) Market by Type (High Purity Metal, Nickel Titanium Alloys, Cobalt Alloy, Copper Alloy, Magnetic Alloy), By Application (Medical, Nuclear, Aerospace, Electronics, Power Generation) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 218157 3300 Machinery & Equipment 377 236 Pages 4.8 (48)
                                          

The global vacuum induction melting furnaces (VIM) market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for high-purity metal and nickel titanium alloys in various industries such as medical, nuclear, aerospace, electronics and power generation. High Purity Metal: The high purity metal segment is expected to account for the largest share of the global VIM market in terms of revenue during the forecast period. This can be attributed to its wide application in various industries such as medical, nuclear, aerospace and electronics due to its ability to withstand extreme temperatures without any corrosion or oxidation. Nickel Titanium Alloys: The nickel titanium alloys segment is expected to account for a significant share of the global VIM market in terms of revenue during the forecast period due its wide application across various industries such as medical, nuclear and aerospace due their ability withstand extreme temperatures without any corrosion or oxidation.

  1. The VIM market is driven by the increasing demand for high purity metals and alloys in various industries such as aerospace, automotive, and electronics.
  2. The VIM market is also driven by the increasing demand for high purity metals and alloys in various industries such as aerospace, automotive, and electronics.
  3. Increasing investment in R&D activities to develop new technologies that can be used to produce high purity metal products.

Industry Growth Insights published a new data on “Vacuum Induction Melting Furnaces (VIM) Market”. The research report is titled “Vacuum Induction Melting Furnaces (VIM) Market research by Types (High Purity Metal, Nickel Titanium Alloys, Cobalt Alloy, Copper Alloy, Magnetic Alloy), By Applications (Medical, Nuclear, Aerospace, Electronics, Power Generation), By Players/Companies Inductotherm Group, Therelek, Retech Systems, HHV, Vaibhav Furnaces, Consarc Engineering, Alloys, ULVAC, Castings Technology International, Ald Dynatech Furnaces, ECM, SECO/WARWICK GROUP, ALD Vacuum Technologies”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Vacuum Induction Melting Furnaces (VIM) Market Research Report

By Type

High Purity Metal, Nickel Titanium Alloys, Cobalt Alloy, Copper Alloy, Magnetic Alloy

By Application

Medical, Nuclear, Aerospace, Electronics, Power Generation

By Companies

Inductotherm Group, Therelek, Retech Systems, HHV, Vaibhav Furnaces, Consarc Engineering, Alloys, ULVAC, Castings Technology International, Ald Dynatech Furnaces, ECM, SECO/WARWICK GROUP, ALD Vacuum Technologies

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

236

Number of Tables & Figures

166

Customization Available

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


Global Vacuum Induction Melting Furnaces (VIM) Industry Outlook


Global Vacuum Induction Melting Furnaces (VIM) Market Report Segments:

The global Vacuum Induction Melting Furnaces (VIM) market is segmented on the basis of:

Types

High Purity Metal, Nickel Titanium Alloys, Cobalt Alloy, Copper Alloy, Magnetic Alloy

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

Medical, Nuclear, Aerospace, Electronics, Power Generation

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. Therelek
  3. Retech Systems
  4. HHV
  5. Vaibhav Furnaces
  6. Consarc Engineering
  7. Alloys
  8. ULVAC
  9. Castings Technology International
  10. Ald Dynatech Furnaces
  11. ECM
  12. SECO/WARWICK GROUP
  13. ALD Vacuum Technologies

Global Vacuum Induction Melting Furnaces (VIM) Market Overview


Highlights of The Vacuum Induction Melting Furnaces (VIM) 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. High Purity Metal
    2. Nickel Titanium Alloys
    3. Cobalt Alloy
    4. Copper Alloy
    5. Magnetic Alloy
  1. By Application:

    1. Medical
    2. Nuclear
    3. Aerospace
    4. Electronics
    5. Power Generation
  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 Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) 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?


A vacuum induction melting furnace (VIM) is a type of electric furnace that uses a high-vacuum to melt metals. The metal is heated by the vacuum and then drawn out of the furnace by the heat. VIMs are used to produce small parts, such as gears, bearings, and screws.

Some of the major players in the vacuum induction melting furnaces (vim) market are Inductotherm Group, Therelek, Retech Systems, HHV, Vaibhav Furnaces, Consarc Engineering, Alloys, ULVAC, Castings Technology International, Ald Dynatech Furnaces, ECM, SECO/WARWICK GROUP, ALD Vacuum Technologies.

The vacuum induction melting furnaces (vim) 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. Vacuum Induction Melting Furnaces (VIM) 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. Vacuum Induction Melting Furnaces (VIM) Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Vacuum Induction Melting Furnaces (VIM) Market - Supply Chain
   4.5. Global Vacuum Induction Melting Furnaces (VIM) Market Forecast
      4.5.1. Vacuum Induction Melting Furnaces (VIM) Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Vacuum Induction Melting Furnaces (VIM) Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Vacuum Induction Melting Furnaces (VIM) Market Absolute $ Opportunity

5. Global Vacuum Induction Melting Furnaces (VIM) 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. Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Type
      5.3.1. High Purity Metal
      5.3.2. Nickel Titanium Alloys
      5.3.3. Cobalt Alloy
      5.3.4. Copper Alloy
      5.3.5. Magnetic Alloy
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Vacuum Induction Melting Furnaces (VIM) 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. Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Application
      6.3.1. Medical
      6.3.2. Nuclear
      6.3.3. Aerospace
      6.3.4. Electronics
      6.3.5. Power Generation
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Vacuum Induction Melting Furnaces (VIM) 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. Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) 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. Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) Demand Share Forecast, 2019-2026

9. North America Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Application
      9.4.1. Medical
      9.4.2. Nuclear
      9.4.3. Aerospace
      9.4.4. Electronics
      9.4.5. Power Generation
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Type
      9.7.1. High Purity Metal
      9.7.2. Nickel Titanium Alloys
      9.7.3. Cobalt Alloy
      9.7.4. Copper Alloy
      9.7.5. Magnetic Alloy
   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 Vacuum Induction Melting Furnaces (VIM) Demand Share Forecast, 2019-2026

10. Latin America Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Application
      10.4.1. Medical
      10.4.2. Nuclear
      10.4.3. Aerospace
      10.4.4. Electronics
      10.4.5. Power Generation
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Type
      10.7.1. High Purity Metal
      10.7.2. Nickel Titanium Alloys
      10.7.3. Cobalt Alloy
      10.7.4. Copper Alloy
      10.7.5. Magnetic Alloy
   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 Vacuum Induction Melting Furnaces (VIM) Demand Share Forecast, 2019-2026

11. Europe Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Application
      11.4.1. Medical
      11.4.2. Nuclear
      11.4.3. Aerospace
      11.4.4. Electronics
      11.4.5. Power Generation
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Foreast by Type
      11.7.1. High Purity Metal
      11.7.2. Nickel Titanium Alloys
      11.7.3. Cobalt Alloy
      11.7.4. Copper Alloy
      11.7.5. Magnetic Alloy
   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 Vacuum Induction Melting Furnaces (VIM) Demand Share, 2019-2026

12. Asia Pacific Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Application
      12.4.1. Medical
      12.4.2. Nuclear
      12.4.3. Aerospace
      12.4.4. Electronics
      12.4.5. Power Generation
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Type
      12.7.1. High Purity Metal
      12.7.2. Nickel Titanium Alloys
      12.7.3. Cobalt Alloy
      12.7.4. Copper Alloy
      12.7.5. Magnetic Alloy
   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 Vacuum Induction Melting Furnaces (VIM) Demand Share, 2019-2026

13. Middle East & Africa Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) 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 Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Application
      13.4.1. Medical
      13.4.2. Nuclear
      13.4.3. Aerospace
      13.4.4. Electronics
      13.4.5. Power Generation
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Vacuum Induction Melting Furnaces (VIM) Market Size and Volume Forecast by Type
      13.7.1. High Purity Metal
      13.7.2. Nickel Titanium Alloys
      13.7.3. Cobalt Alloy
      13.7.4. Copper Alloy
      13.7.5. Magnetic Alloy
   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 Vacuum Induction Melting Furnaces (VIM) Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Vacuum Induction Melting Furnaces (VIM) Market: Market Share Analysis
   14.2. Vacuum Induction Melting Furnaces (VIM) Distributors and Customers
   14.3. Vacuum Induction Melting Furnaces (VIM) 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. Therelek
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Retech Systems
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. HHV
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Vaibhav Furnaces
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Consarc Engineering
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Alloys
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. ULVAC
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Castings Technology International
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Ald Dynatech Furnaces
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. ECM
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. SECO/WARWICK GROUP
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. ALD Vacuum Technologies
         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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