The Market Reports

Synopsis
The global market for Induction Melting Furnaces was estimated to be worth US$ 513 million in 2024 and is forecast to a readjusted size of US$ 642 million by 2031 with a CAGR of 3.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Induction Melting Furnaces cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
An Induction Melting Furnace is an electrical furnace in which the heat is applied by induction heating of metal. Induction furnace capacities range from less than one kilogram to more than one hundred tons, and are used to melt iron and steel, copper, aluminum, and precious metals. The advantage of the induction furnace is a clean, energy-efficient and well-controllable melting process compared to most other means of metal melting.
Induction melting furnaces are essential equipment in modern foundries and metalworking industries, widely used for melting ferrous and non-ferrous metals including steel, iron, aluminum, copper, and precious metals. These furnaces use electromagnetic induction to generate heat within the metal itself, offering a highly efficient, controllable, and clean melting process. The growing demand for high-quality metal alloys, energy-efficient technologies, and environmentally friendly operations has fueled the global market for induction melting furnaces. Induction melting works on the principle of electromagnetic induction, where alternating current (AC) passes through a copper coil to create a magnetic field. This field induces eddy currents in the metal charge inside the crucible, generating heat and causing the metal to melt. Compared to traditional methods such as arc or combustion melting, induction furnaces offer several advantages: faster melting time, precise temperature control, reduced metal loss, and minimal emissions. They also ensure a homogeneous melt, making them ideal for high-precision applications like aerospace, automotive, and electronics manufacturing. Key drivers of the induction melting furnace market include increased adoption of clean energy and electric furnace technologies, stringent environmental regulations, and the global shift toward electric steel production. The steel industry, in particular, is seeing a surge in demand for electric arc and induction furnaces as part of decarbonization efforts. Furthermore, the recycling of scrap metal is a major application area for induction furnaces, as they are highly effective in melting and refining recycled materials. Asia-Pacific dominates the induction melting furnace market due to strong industrial growth in China, India, and Southeast Asia. Europe and North America are mature markets focused on upgrading to energy-efficient and low-emission systems. Emerging economies in Africa and Latin America are also beginning to adopt induction melting as infrastructure and industrial development accelerate.
This report aims to provide a comprehensive presentation of the global market for Induction Melting Furnaces, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Induction Melting Furnaces by region & country, by Capacity, and by Application.
The Induction Melting Furnaces market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Induction Melting Furnaces.
Market Segmentation
By Company
Inductotherm Group
OTTO Junker GmbH
ABP Induction Systems
ECM Technologies
ALD Vacuum Technologies
Electrotherm
ULVAC
Fuji Dempa
Induction Technology Corporation (ITC)
Taichiku
Amelt Corporation
Secowarwick
Lihua
PVA IVS GmbH
Dai-ichi High Frequency
Magnalenz
HHV
Carant S.r.l.
Therelek
Shenyang Jinyan
Hengjin
Segment by Capacity
Capacity: Below 1 Ton
Capacity: 1-30 Tons
Capacity: Above 30 Tons
Segment by Application
Laboratory
Industrial Manufacturing
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Induction Melting Furnaces manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Capacity, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Induction Melting Furnaces in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Induction Melting Furnaces in country level. It provides sigmate data by Capacity, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index