Authored By: Sarah
02 Aug 2021

Induction Furnace Market In India: Top Geographies and Market Highlights

Geographical Analysis and Market Highlights 2021-2025

The induction furnace market in india is set to post an incremental growth of USD 10.80 billion, accelerating at a CAGR of 6.63% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.


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Induction Furnace Market In India: India to lead market growth during the forecast period

  • This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the induction furnace market in india size.
  • Increasing business confidence within furnace industry will be a significant factor in driving the growth of the induction furnace market in india. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
  • The induction furnace market in india is segmented by End-user (Steel industry, Copper industry, Aluminum industry, and Zinc industry) and Type (Channel induction furnaces and Coreless induction furnaces). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Induction Furnace Market In India: Competitve Landscape

Some of the leading vendors in this market are Electro Power Enterprise, Foster Induction Pvt. Ltd., HK Malvi Industries, Inductotherm Group, Jyoti CNC Automation Ltd., Magnalenz, Orbit Induction, Plasma Induction India Pvt. Ltd., Priyanka Induction Supermelt, and UVRAX ENGINEERING OPC Pvt. Ltd.. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.


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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 6.63%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 74.81 mn through 2021-2025.

     
  3. What is a key factor driving this market?
    Increasing business confidence within furnace industry will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    India are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    100% growth will originate from India

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Electro Power Enterprise, Foster Induction Pvt. Ltd., HK Malvi Industries, Inductotherm Group, Jyoti CNC Automation Ltd., Magnalenz, Orbit Induction, Plasma Induction India Pvt. Ltd., Priyanka Induction Supermelt, and UVRAX ENGINEERING OPC Pvt. Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (Steel industry, Copper industry, Aluminum industry, and Zinc industry) and Type (Channel induction furnaces and Coreless induction furnaces).

Market Segmentation by End-user

    • Induction Furnace Market In India Split by End-user
      • Steel industry
      • Copper industry
      • Aluminum industry
      • Zinc industry
    • Induction Furnace Market In India Split by Type
      • Channel induction furnaces
      • Coreless induction furnaces

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Electro Power Enterprise
  • Foster Induction Pvt. Ltd.
  • HK Malvi Industries
  • Inductotherm Group
  • Jyoti CNC Automation Ltd.
  • Magnalenz
  • Orbit Induction
  • Plasma Induction India Pvt. Ltd.
  • Priyanka Induction Supermelt
  • UVRAX ENGINEERING OPC Pvt. Ltd.

 

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