If you are new to TikTikTalk ? Your first verification mail might be in your spam folder.Check there and move it to your inbox to complete registration or account verification process..
إعلان مُمول
sociofans

APAC to Foster the Global Induction Furnace Market

0
2كيلو بايت

Global Induction Furnace Market Overview

According to Market Research Future (MRFR), The Melting Induction Furnace Market is expected to cross USD 1.5 Billion at a CAGR of 5.6% from 2023 - 2032 (forecast period). The report presents the COVID-19 review of the global induction furnace market and provides a rigorous illustration of market segments, emerging developments, growth forecasts, and market challenges.

Induction furnaces provide a clean, energy-efficient, and controllable melting process and are commonly used in the production of steel, copper, and aluminum. Induction furnaces use convection current to achieve the melting point of these metals, thereby utilizing less energy than other furnaces that typically fire at higher temperatures than those needed to melt the metals.

Get the sample copy of report here

Key Players

Notable players in the global induction furnace industry are

·       Electrotherm

·       Danieli

·       Doshi Technologies Pvt. Ltd

·       SMS Elotherm GmbH

·       Meltech Ltd

·       Tenova SpA

·       IHI Machinery and Furnace Co., Ltd

·       ECM Technologies

·       Agni Electrical Pvt. Ltd

·       JP Steel Plantech Co.

·       Pees Induction Equipment’s Pvt. Ltd

·       Magnalenz

Market Dynamics

The increasing railroad industry, along with a higher demand for mining, smelting, and metal alloy machinery, contributes to the growth of the induction furnace industry. Steel and copper production is shifting from conventional bases in North America and Europe to fast-growing economies in Asia like India, China, and Bangladesh. The establishment of new plants is also a significant driver of market growth.

Industry/ Innovation/ Related News: 

August 05, 2020 ---- SS Steel Ltd. (Bangladesh), announced the acquisition of its competitor producer Saleh Steel in a deal worth USD 2.86 MN to boost the production capacity. Saleh Steel has a steelmaking capacity of 84,000 tonnes per year from an induction furnace in Chattogram province.

SS Steel also produces steel billet from an induction furnace, which consumes scrap and sponge iron and then rolls the billet using a bar mill made in Italy. The company also revealed its plans to invest further in the "smooth running" of the Saleh plant.

Market Segmentation

The global induction furnace market has been segmented into type, furnace capacity, and industry vertical. 

By Type    : Coreless Induction Furnace, Channel Induction Furnace, and others.

By Furnace Capacity: Up to 1 Ton, 1–100 Ton, and More than 100 Ton.

By Industry Vertical: Steel, Aluminum, Copper, and others.

By Regions              :  Europe, North America, APAC, and Rest-of-the-World.

Explore trending research reports@

Cutting Equipment Market

Laser Cutting Machines Market

Heating, Ventilation and Air Conditioning (HVAC) Market

Water and Wastewater Treatment Equipment Market

 

إعلان مُمول
إعلان مُمول
البحث
إعلان مُمول
الأقسام
إقرأ المزيد
Gardening
3D Printing Service Bureaus Market size accounted is projected to reach USD 56.2 billion by 2033
According to the Market Statsville Group (MSG), the global 3D printing service bureaus...
بواسطة marketstatsvillegroup 2023-04-11 10:18:53 0 4كيلو بايت
Networking
Visitor Identification Software Market to Experience Significant Growth by 2033
According to the Regional Research Reports, the global visitor identification software...
بواسطة Nit234 2024-04-02 06:14:59 0 2كيلو بايت
أخرى
Trading Card Market Analysis by Size, Share, Growth, Trends and Forecast (2023–2030) | UnivDatos
According to the UnivDatos Market Insights, the growing popularity of sports and collectibles,...
بواسطة ahasanumi 2024-11-05 09:41:43 0 405
Health
Hair Transplant Market Industry, global Trends Forecast Report 2023-2030
Hair Transplant Market Growth Scope & Overview Companies must keep up with...
بواسطة wilsonjohn 2023-12-28 07:55:41 0 2كيلو بايت
أخرى
Utility Communication Market Segmentation and Regional Analysis Report 2023-2030
Utility Communication Market Scope & Overview The Utility Communication Market...
بواسطة Nick_Tech 2024-01-02 11:30:43 0 3كيلو بايت
إعلان مُمول