Electric Induction Furnace Market, Global Outlook
and Forecast
2022-2028 Market
Electric Induction Furnace Market, Global Outlook and Forecast 2022-2028 Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Electric Induction Furnace Market, Global Outlook and Forecast 2022-2028 Market Size and Growth
The global electric induction furnace market is projected to experience significant growth from 2022 to 2028, driven by factors such as increasing demand for energy-efficient and sustainable melting solutions across industries. The market size is expected to reach XX billion USD by 2028, with a CAGR of XX%.
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Companies Covered
(Covid 19 Impact Covered)
◍ OTTO JUNKER
◍ Inductotherm Group
◍ ABP Induction Systems
◍ ECM Technologies
◍ Electrotherm
◍ EFD Induction
◍ SMS
◍ Ajax Tocco
◍ Indotherm
◍ Megatherm
◍ Ningbo Haishun Electronic Co., Ltd
The electric induction furnace market is highly competitive with key players like OTTO JUNKER, Inductotherm Group, ABP Induction Systems, ECM Technologies, and Electrotherm leading the industry. These companies offer advanced induction furnace technology to various industries, driving market growth.
- OTTO JUNKER: $500 million - Inductotherm Group: $700 million
ABP Induction Systems: $300 million
◍ Ningbo Shenguang Electric Furnace Co., Ltd
◍ Retech Systems LLC
◍ Hebei YUANTUO
◍ Dai-ichi Kiden Co.,Ltd
◍ Jinlai Electromechanical
◍ Agni Electrical
◍ Shenzhen Shuangping
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Market Segmentation
By Application
Non-Ferrous
Ferrous
Specialty Melting
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By Product
Induction Melting Furnace
Induction Heating Furnace
Market Growth
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$ X Billion USD
