Global Vacuum Induction Melting Furnace (VIM) Supply, Demand and Key Producers, 2026-2032

The global Vacuum Induction Melting Furnace (VIM) market size is expected to reach $ 152 million by 2032, rising at a market growth of 2.9% CAGR during the forecast period (2026-2032).

Vacuum induction melting (VIM) utilizes electric currents to melt metal within a vacuum. The first prototype was developed in 1920. Induction heating induces eddy currents within conductors. Eddy currents create heating effects to melt the metal. Vacuum induction melting has been used in both the aerospace and nuclear industries.

The Vacuum Induction Melting Furnace (VIM) market is a critical segment within the metal and materials processing industry. Vacuum Induction Melting (VIM) is a process where metals, particularly high-performance alloys, are melted in a vacuum or inert atmosphere, offering precise control over the melting process. VIM is commonly used in the production of specialty metals, alloys, and materials that require strict control of chemical composition and low levels of impurities. VIM is used to produce high-performance alloys, such as titanium, superalloys, and other specialty metals. These alloys are essential in industries such as aerospace, automotive, medical, and energy, where performance under extreme conditions is critical. The aerospace sector is a significant consumer of VIM technology, as high-quality, high-strength alloys are needed for critical parts like turbine blades, engine components, and structural materials. Growth in the aerospace industry, including both commercial and defense sectors, directly contributes to the demand for VIM furnaces. Continuous advancements in VIM furnace technology, including improvements in vacuum systems, induction heating, and automation, have made VIM furnaces more efficient, accurate, and cost-effective. This has expanded their application to a broader range of industries. Industries such as medical devices, automotive, and energy generation require metals and alloys with precise compositions and purity levels, which VIM furnaces can provide. This has led to increasing demand for VIM technology. With the growth of electric vehicles, demand for high-performance alloys used in batteries, motors, and other components has increased. VIM furnaces are capable of producing these high-performance materials, thereby boosting market growth.

This report studies the global Vacuum Induction Melting Furnace (VIM) production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Vacuum Induction Melting Furnace (VIM) and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Vacuum Induction Melting Furnace (VIM) that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Vacuum Induction Melting Furnace (VIM) total production and demand, 2021-2032, (Units)

Global Vacuum Induction Melting Furnace (VIM) total production value, 2021-2032, (USD Million)

Global Vacuum Induction Melting Furnace (VIM) production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Units), (based on production site)

Global Vacuum Induction Melting Furnace (VIM) consumption by region & country, CAGR, 2021-2032 & (Units)

U.S. VS China: Vacuum Induction Melting Furnace (VIM) domestic production, consumption, key domestic manufacturers and share

Global Vacuum Induction Melting Furnace (VIM) production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Units)

Global Vacuum Induction Melting Furnace (VIM) production by Size, production, value, CAGR, 2021-2032, (USD Million) & (Units)

Global Vacuum Induction Melting Furnace (VIM) production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Units)

This report profiles key players in the global Vacuum Induction Melting Furnace (VIM) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ALD Vacuum Technologies, ULVAC, ECM, Secowarwick, OTTO Junker GmbH, PVA IVS GmbH, Inductotherm Group (Consarc）, HHV, Therelek, Shanghai Xinlanhai Automation Technology, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Vacuum Induction Melting Furnace (VIM) market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Units) and average price (K US$/Unit) by manufacturer, by Size, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Vacuum Induction Melting Furnace (VIM) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Vacuum Induction Melting Furnace (VIM) Market, Segmentation by Size:
Below 100 Kg
100Kg - 500Kg
Above 500Kg

Global Vacuum Induction Melting Furnace (VIM) Market, Segmentation by Application:
Aerospace
Military
Electronics
Power Engineering
Others

Companies Profiled:
ALD Vacuum Technologies
ULVAC
ECM
Secowarwick
OTTO Junker GmbH
PVA IVS GmbH
Inductotherm Group (Consarc）
HHV
Therelek
Shanghai Xinlanhai Automation Technology
Hengjin
SIMUWU
Topcast
Ecco High Frequency
Shanghai XinYan Industrial Equipment

Key Questions Answered:

1. How big is the global Vacuum Induction Melting Furnace (VIM) market?

2. What is the demand of the global Vacuum Induction Melting Furnace (VIM) market?

3. What is the year over year growth of the global Vacuum Induction Melting Furnace (VIM) market?

4. What is the production and production value of the global Vacuum Induction Melting Furnace (VIM) market?

5. Who are the key producers in the global Vacuum Induction Melting Furnace (VIM) market?

6. What are the growth factors driving the market demand? Show more