Induction Furnace Market Size, Share Report, Growth Trends and Forecast 2024-2033

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Induction Furnace Global Market Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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Induction Furnace Market Segments
The Business Research Company segments the
induction furnace market report as
Coreless Induction Furnace, Channel Induction
Furnace
By Type
Up To 1 Ton, 1-100 Ton, More Than 100 Ton
By Furnace
Steel, Copper, Aluminum, Zinc., Other End-Use
Industries
By End-Use
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Market Statistics
The global Induction Furnace market size grew
from 1.14 billion in 2023 to 1.22 billion in
2024 at a compound annual growth rate (CAGR) of
6.8. The Induction Furnace market size is
expected to grow to 1.59 billion in 2028 at a
compound annual growth rate (CAGR) of 6.8.
1.59 B
1.22 B
1.14 B
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Key Market Drivers And Trends
Drivers
The growth of the aerospace industry is expected
to propel the growth of the induction furnace
market going forward.
Trends
The increasing use of induction stirring
technology is gaining popularity in the induction
furnace market.
Region
Asia-Pacific was the largest region in the
Induction Furnace market in 2023. The regions
covered in the Induction Furnace market analysis
report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East
and Africa.
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Top Eleven Players In The Market

• Major players in the market are
• Danieli Group
• SMS Group
• Tenova S.p.A
• Electrotherm Limited
• IHI Group
• Meltech Ltd.

• ABP Induction Systems
• Inductotherm Group
• JP Steel Plantech
• ECM Technologies
• EFD Induction Ltd

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   against key competitors.
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