Induction Furnace Market in India 2025-2029

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	164 Pages	TechNavio	June, 2025	INF20090821

Best Price Guarantee
Price	from $2,500
Length	164 Pages
Publisher	TechNavio
Published Date	June, 2025
SKU	INF20090821

Induction Furnace Market In India 2025-2029

The induction furnace market in india is forecasted to grow by USD 113.6 mn during 2024-2029, accelerating at a CAGR of 7.2% during the forecast period. The report on the induction furnace market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for steel and alloys in india, increasing government support to boost industrial growth in india, and growing foundry industry in india.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's induction furnace market in india is segmented as below:

By Type

Channel induction furnaces
Coreless induction furnaces

By End-user

Steel industry
Copper industry
Aluminum industry
Zinc industry

By Capacity

More than 100 ton
Upto 1 ton

This study identifies the equipment as a service as one of the prime reasons driving the induction furnace market in india growth during the next few years. Also, increasing private ownership in the global steel industry and growing digitalization and industry 4.0 integration in furnacing industry will lead to sizable demand in the market.

The report on the induction furnace market in india covers the following areas:

Induction Furnace Market in India sizing
Induction Furnace Market in India forecast
Induction Furnace Market in India industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading induction furnace market in india vendors that include Agni Electrical Pvt. Ltd., Electro Power Enterprise, Eltech Electrodesigns and Energy Systems Pvt. Ltd., Foster Induction Pvt. Ltd., Heatcon Sensors Pvt. Ltd., HK Malvi Industries, Indotherm Furnace Pvt. Ltd., Inductotherm Group, Jyoti CNC Automation Ltd., Magnalenz, Megatherm Electronics Pvt. Ltd., Microtech Inductions Pvt. Ltd., Naksh Induction, Nutrotherm Induction, Orbit Induction, Plasma Induction India Pvt. Ltd., Priyanka Induction Supermelt, Shapet Induction Co., and Srishtech Metal Casting Pvt. Ltd.. Also, the induction furnace market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

1 Executive Summary: 1.1 Market overview; Executive Summary - Chart on Market Overview; Executive Summary - Data Table on Market Overview; Executive Summary - Chart on Country Market Characteristics; Executive Summary - Chart on Market Segmentation by Type; Executive Summary - Chart on Market Segmentation by End-user; Executive Summary - Chart on Market Segmentation by Capacity; Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis: 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; 2.2 Criticality of inputs and Factors of differentiation; Overview on criticality of inputs and factors of differentiation; 2.3 Factors of disruption; Overview on factors of disruption; 2.4 Impact of drivers and challenges; Impact of drivers and challenges in 2024 and 2029
3 Market Landscape: 3.1 Market ecosystem; Parent Market; Data Table on - Parent Market; 3.2 Market characteristics; Market characteristics analysis; 3.3 Value chain analysis; Value chain analysis
4 Market Sizing: 4.1 Market definition; Offerings of companies included in the market definition; 4.2 Market segment analysis; Market segments; 4.3 Market size 2024; 4.4 Market outlook: Forecast for 2024-2029; Chart on India - Market size and forecast 2024-2029 ($ million); Data Table on India - Market size and forecast 2024-2029 ($ million); Chart on India: Year-over-year growth 2024-2029 (%); Data Table on India: Year-over-year growth 2024-2029 (%)
5 Historic Market Size: 5.1 Induction Furnace Market in India 2019 - 2023; Historic Market Size - Data Table on Induction Furnace Market in India 2019 - 2023 ($ million); 5.2 Type segment analysis 2019 - 2023; Historic Market Size - Type Segment 2019 - 2023 ($ million); 5.3 End-user segment analysis 2019 - 2023; Historic Market Size - End-user Segment 2019 - 2023 ($ million); 5.4 Capacity segment analysis 2019 - 2023; Historic Market Size - Capacity Segment 2019 - 2023 ($ million)
6 Qualitative Analysis: 6.1 The AI impact on induction furnace market in India
7 Five Forces Analysis: 7.1 Five forces summary; Five forces analysis - Comparison between 2024 and 2029; 7.2 Bargaining power of buyers; Bargaining power of buyers - Impact of key factors 2024 and 2029; 7.3 Bargaining power of suppliers; Bargaining power of suppliers - Impact of key factors in 2024 and 2029; 7.4 Threat of new entrants; Threat of new entrants - Impact of key factors in 2024 and 2029; 7.5 Threat of substitutes; Threat of substitutes - Impact of key factors in 2024 and 2029; 7.6 Threat of rivalry; Threat of rivalry - Impact of key factors in 2024 and 2029; 7.7 Market condition; Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type: 8.1 Market segments; Chart on Type - Market share 2024-2029 (%); Data Table on Type - Market share 2024-2029 (%); 8.2 Comparison by Type; Chart on Comparison by Type; Data Table on Comparison by Type; 8.3 Channel induction furnaces - Market size and forecast 2024-2029; Chart on Channel induction furnaces - Market size and forecast 2024-2029 ($ million); Data Table on Channel induction furnaces - Market size and forecast 2024-2029 ($ million); Chart on Channel induction furnaces - Year-over-year growth 2024-2029 (%); Data Table on Channel induction furnaces - Year-over-year growth 2024-2029 (%); 8.4 Coreless induction furnaces - Market size and forecast 2024-2029; Chart on Coreless induction furnaces - Market size and forecast 2024-2029 ($ million); Data Table on Coreless induction furnaces - Market size and forecast 2024-2029 ($ million); Chart on Coreless induction furnaces - Year-over-year growth 2024-2029 (%); Data Table on Coreless induction furnaces - Year-over-year growth 2024-2029 (%); 8.5 Market opportunity by Type; Market opportunity by Type ($ million); Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by End-user: 9.1 Market segments; Chart on End-user - Market share 2024-2029 (%); Data Table on End-user - Market share 2024-2029 (%); 9.2 Comparison by End-user; Chart on Comparison by End-user; Data Table on Comparison by End-user; 9.3 Steel industry - Market size and forecast 2024-2029; Chart on Steel industry - Market size and forecast 2024-2029 ($ million); Data Table on Steel industry - Market size and forecast 2024-2029 ($ million); Chart on Steel industry - Year-over-year growth 2024-2029 (%); Data Table on Steel industry - Year-over-year growth 2024-2029 (%); 9.4 Copper industry - Market size and forecast 2024-2029; Chart on Copper industry - Market size and forecast 2024-2029 ($ million); Data Table on Copper industry - Market size and forecast 2024-2029 ($ million); Chart on Copper industry - Year-over-year growth 2024-2029 (%); Data Table on Copper industry - Year-over-year growth 2024-2029 (%); 9.5 Aluminum industry - Market size and forecast 2024-2029; Chart on Aluminum industry - Market size and forecast 2024-2029 ($ million); Data Table on Aluminum industry - Market size and forecast 2024-2029 ($ million); Chart on Aluminum industry - Year-over-year growth 2024-2029 (%); Data Table on Aluminum industry - Year-over-year growth 2024-2029 (%); 9.6 Zinc industry - Market size and forecast 2024-2029; Chart on Zinc industry - Market size and forecast 2024-2029 ($ million); Data Table on Zinc industry - Market size and forecast 2024-2029 ($ million); Chart on Zinc industry - Year-over-year growth 2024-2029 (%); Data Table on Zinc industry - Year-over-year growth 2024-2029 (%); 9.7 Market opportunity by End-user; Market opportunity by End-user ($ million); Data Table on Market opportunity by End-user ($ million)
10 Market Segmentation by Capacity: 10.1 Market segments; Chart on Capacity - Market share 2024-2029 (%); Data Table on Capacity - Market share 2024-2029 (%); 10.2 Comparison by Capacity; Chart on Comparison by Capacity; Data Table on Comparison by Capacity; 10.3 More than 100 ton - Market size and forecast 2024-2029; Chart on More than 100 ton - Market size and forecast 2024-2029 ($ million); Data Table on More than 100 ton - Market size and forecast 2024-2029 ($ million); Chart on More than 100 ton - Year-over-year growth 2024-2029 (%); Data Table on More than 100 ton - Year-over-year growth 2024-2029 (%); 10.4 Upto 1 ton - Market size and forecast 2024-2029; Chart on Upto 1 ton - Market size and forecast 2024-2029 ($ million); Data Table on Upto 1 ton - Market size and forecast 2024-2029 ($ million); Chart on Upto 1 ton - Year-over-year growth 2024-2029 (%); Data Table on Upto 1 ton - Year-over-year growth 2024-2029 (%); 10.5 Market opportunity by Capacity; Market opportunity by Capacity ($ million); Data Table on Market opportunity by Capacity ($ million)
11 Customer Landscape: 11.1 Customer landscape overview; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints: 12.1 Market drivers; 12.2 Market challenges; 12.3 Impact of drivers and challenges; Impact of drivers and challenges in 2024 and 2029; 12.4 Market opportunities/restraints
13 Competitive Landscape: 13.1 Overview; 13.2 Competitive Landscape; Overview on criticality of inputs and factors of differentiation; 13.3 Landscape disruption; Overview on factors of disruption; 13.4 Industry risks; Impact of key risks on business
14 Competitive Analysis: 14.1 Companies profiled; Companies covered; 14.2 Company ranking index; Company ranking index; 14.3 Market positioning of companies; Matrix on companies position and classification; 14.4 Agni Electrical Pvt. Ltd.; Agni Electrical Pvt. Ltd. - Overview; Agni Electrical Pvt. Ltd. - Product / Service; Agni Electrical Pvt. Ltd. - Key offerings; SWOT; 14.5 Electro Power Enterprise; Electro Power Enterprise - Overview; Electro Power Enterprise - Product / Service; Electro Power Enterprise - Key offerings; SWOT; 14.6 Eltech Electrodesigns and Energy Systems Pvt. Ltd.; Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Overview; Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Product / Service; Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Key offerings; SWOT; 14.7 Foster Induction Pvt. Ltd.; Foster Induction Pvt. Ltd. - Overview; Foster Induction Pvt. Ltd. - Product / Service; Foster Induction Pvt. Ltd. - Key offerings; SWOT; 14.8 Heatcon Sensors Pvt. Ltd.; Heatcon Sensors Pvt. Ltd. - Overview; Heatcon Sensors Pvt. Ltd. - Product / Service; Heatcon Sensors Pvt. Ltd. - Key offerings; SWOT; 14.9 HK Malvi Industries; HK Malvi Industries - Overview; HK Malvi Industries - Product / Service; HK Malvi Industries - Key offerings; SWOT; 14.10 Indotherm Furnace Pvt. Ltd.; Indotherm Furnace Pvt. Ltd. - Overview; Indotherm Furnace Pvt. Ltd. - Product / Service; Indotherm Furnace Pvt. Ltd. - Key offerings; SWOT; 14.11 Inductotherm Group; Inductotherm Group - Overview; Inductotherm Group - Product / Service; Inductotherm Group - Key offerings; SWOT; 14.12 Jyoti CNC Automation Ltd.; Jyoti CNC Automation Ltd. - Overview; Jyoti CNC Automation Ltd. - Product / Service; Jyoti CNC Automation Ltd. - Key offerings; SWOT; 14.13 Magnalenz; Magnalenz - Overview; Magnalenz - Product / Service; Magnalenz - Key offerings; SWOT; 14.14 Megatherm Electronics Pvt. Ltd.; Megatherm Electronics Pvt. Ltd. - Overview; Megatherm Electronics Pvt. Ltd. - Product / Service; Megatherm Electronics Pvt. Ltd. - Key offerings; SWOT; 14.15 Microtech Inductions Pvt. Ltd.; Microtech Inductions Pvt. Ltd. - Overview; Microtech Inductions Pvt. Ltd. - Product / Service; Microtech Inductions Pvt. Ltd. - Key offerings; SWOT; 14.16 Naksh Induction; Naksh Induction - Overview; Naksh Induction - Product / Service; Naksh Induction - Key offerings; SWOT; 14.17 Nutrotherm Induction; Nutrotherm Induction - Overview; Nutrotherm Induction - Product / Service; Nutrotherm Induction - Key offerings; SWOT; 14.18 Orbit Induction; Orbit Induction - Overview; Orbit Induction - Product / Service; Orbit Induction - Key offerings; SWOT
15 Appendix: 15.1 Scope of the report; 15.2 Inclusions and exclusions checklist; Inclusions checklist; Exclusions checklist; 15.3 Currency conversion rates for US$; Currency conversion rates for US$; 15.4 Research methodology; Research methodology; 15.5 Data procurement; Information sources; 15.6 Data validation; Data validation; 15.7 Validation techniques employed for market sizing; Validation techniques employed for market sizing; 15.8 Data synthesis; Data synthesis; 15.9 360 degree market analysis; 360 degree market analysis; 15.10 List of abbreviations; List of abbreviations
Exhibits:: Exhibits1: Executive Summary - Chart on Market Overview; Exhibits2: Executive Summary - Data Table on Market Overview; Exhibits3: Executive Summary - Chart on Country Market Characteristics; Exhibits4: Executive Summary - Chart on Market Segmentation by Type; Exhibits5: Executive Summary - Chart on Market Segmentation by End-user; Exhibits6: Executive Summary - Chart on Market Segmentation by Capacity; Exhibits7: Executive Summary - Chart on Company Market Positioning; Exhibits8: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits9: Overview on criticality of inputs and factors of differentiation; Exhibits10: Overview on factors of disruption; Exhibits11: Impact of drivers and challenges in 2024 and 2029; Exhibits12: Parent Market; Exhibits13: Data Table on - Parent Market; Exhibits14: Market characteristics analysis; Exhibits15: Value chain analysis; Exhibits16: Offerings of companies included in the market definition; Exhibits17: Market segments; Exhibits18: Chart on India - Market size and forecast 2024-2029 ($ million); Exhibits19: Data Table on India - Market size and forecast 2024-2029 ($ million); Exhibits20: Chart on India: Year-over-year growth 2024-2029 (%); Exhibits21: Data Table on India: Year-over-year growth 2024-2029 (%); Exhibits22: Historic Market Size - Data Table on Induction Furnace Market in India 2019 - 2023 ($ million); Exhibits23: Historic Market Size - Type Segment 2019 - 2023 ($ million); Exhibits24: Historic Market Size - End-user Segment 2019 - 2023 ($ million); Exhibits25: Historic Market Size - Capacity Segment 2019 - 2023 ($ million); Exhibits26: Five forces analysis - Comparison between 2024 and 2029; Exhibits27: Bargaining power of buyers - Impact of key factors 2024 and 2029; Exhibits28: Bargaining power of suppliers - Impact of key factors in 2024 and 2029; Exhibits29: Threat of new entrants - Impact of key factors in 2024 and 2029; Exhibits30: Threat of substitutes - Impact of key factors in 2024 and 2029; Exhibits31: Threat of rivalry - Impact of key factors in 2024 and 2029; Exhibits32: Chart on Market condition - Five forces 2024 and 2029; Exhibits33: Chart on Type - Market share 2024-2029 (%); Exhibits34: Data Table on Type - Market share 2024-2029 (%); Exhibits35: Chart on Comparison by Type; Exhibits36: Data Table on Comparison by Type; Exhibits37: Chart on Channel induction furnaces - Market size and forecast 2024-2029 ($ million); Exhibits38: Data Table on Channel induction furnaces - Market size and forecast 2024-2029 ($ million); Exhibits39: Chart on Channel induction furnaces - Year-over-year growth 2024-2029 (%); Exhibits40: Data Table on Channel induction furnaces - Year-over-year growth 2024-2029 (%); Exhibits41: Chart on Coreless induction furnaces - Market size and forecast 2024-2029 ($ million); Exhibits42: Data Table on Coreless induction furnaces - Market size and forecast 2024-2029 ($ million); Exhibits43: Chart on Coreless induction furnaces - Year-over-year growth 2024-2029 (%); Exhibits44: Data Table on Coreless induction furnaces - Year-over-year growth 2024-2029 (%); Exhibits45: Market opportunity by Type ($ million); Exhibits46: Data Table on Market opportunity by Type ($ million); Exhibits47: Chart on End-user - Market share 2024-2029 (%); Exhibits48: Data Table on End-user - Market share 2024-2029 (%); Exhibits49: Chart on Comparison by End-user; Exhibits50: Data Table on Comparison by End-user; Exhibits51: Chart on Steel industry - Market size and forecast 2024-2029 ($ million); Exhibits52: Data Table on Steel industry - Market size and forecast 2024-2029 ($ million); Exhibits53: Chart on Steel industry - Year-over-year growth 2024-2029 (%); Exhibits54: Data Table on Steel industry - Year-over-year growth 2024-2029 (%); Exhibits55: Chart on Copper industry - Market size and forecast 2024-2029 ($ million); Exhibits56: Data Table on Copper industry - Market size and forecast 2024-2029 ($ million); Exhibits57: Chart on Copper industry - Year-over-year growth 2024-2029 (%); Exhibits58: Data Table on Copper industry - Year-over-year growth 2024-2029 (%); Exhibits59: Chart on Aluminum industry - Market size and forecast 2024-2029 ($ million); Exhibits60: Data Table on Aluminum industry - Market size and forecast 2024-2029 ($ million); Exhibits61: Chart on Aluminum industry - Year-over-year growth 2024-2029 (%); Exhibits62: Data Table on Aluminum industry - Year-over-year growth 2024-2029 (%); Exhibits63: Chart on Zinc industry - Market size and forecast 2024-2029 ($ million); Exhibits64: Data Table on Zinc industry - Market size and forecast 2024-2029 ($ million); Exhibits65: Chart on Zinc industry - Year-over-year growth 2024-2029 (%); Exhibits66: Data Table on Zinc industry - Year-over-year growth 2024-2029 (%); Exhibits67: Market opportunity by End-user ($ million); Exhibits68: Data Table on Market opportunity by End-user ($ million); Exhibits69: Chart on Capacity - Market share 2024-2029 (%); Exhibits70: Data Table on Capacity - Market share 2024-2029 (%); Exhibits71: Chart on Comparison by Capacity; Exhibits72: Data Table on Comparison by Capacity; Exhibits73: Chart on More than 100 ton - Market size and forecast 2024-2029 ($ million); Exhibits74: Data Table on More than 100 ton - Market size and forecast 2024-2029 ($ million); Exhibits75: Chart on More than 100 ton - Year-over-year growth 2024-2029 (%); Exhibits76: Data Table on More than 100 ton - Year-over-year growth 2024-2029 (%); Exhibits77: Chart on Upto 1 ton - Market size and forecast 2024-2029 ($ million); Exhibits78: Data Table on Upto 1 ton - Market size and forecast 2024-2029 ($ million); Exhibits79: Chart on Upto 1 ton - Year-over-year growth 2024-2029 (%); Exhibits80: Data Table on Upto 1 ton - Year-over-year growth 2024-2029 (%); Exhibits81: Market opportunity by Capacity ($ million); Exhibits82: Data Table on Market opportunity by Capacity ($ million); Exhibits83: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits84: Impact of drivers and challenges in 2024 and 2029; Exhibits85: Overview on criticality of inputs and factors of differentiation; Exhibits86: Overview on factors of disruption; Exhibits87: Impact of key risks on business; Exhibits88: Companies covered; Exhibits89: Company ranking index; Exhibits90: Matrix on companies position and classification; Exhibits91: Agni Electrical Pvt. Ltd. - Overview; Exhibits92: Agni Electrical Pvt. Ltd. - Product / Service; Exhibits93: Agni Electrical Pvt. Ltd. - Key offerings; Exhibits94: SWOT; Exhibits95: Electro Power Enterprise - Overview; Exhibits96: Electro Power Enterprise - Product / Service; Exhibits97: Electro Power Enterprise - Key offerings; Exhibits98: SWOT; Exhibits99: Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Overview; Exhibits100: Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Product / Service; Exhibits101: Eltech Electrodesigns and Energy Systems Pvt. Ltd. - Key offerings; Exhibits102: SWOT; Exhibits103: Foster Induction Pvt. Ltd. - Overview; Exhibits104: Foster Induction Pvt. Ltd. - Product / Service; Exhibits105: Foster Induction Pvt. Ltd. - Key offerings; Exhibits106: SWOT; Exhibits107: Heatcon Sensors Pvt. Ltd. - Overview; Exhibits108: Heatcon Sensors Pvt. Ltd. - Product / Service; Exhibits109: Heatcon Sensors Pvt. Ltd. - Key offerings; Exhibits110: SWOT; Exhibits111: HK Malvi Industries - Overview; Exhibits112: HK Malvi Industries - Product / Service; Exhibits113: HK Malvi Industries - Key offerings; Exhibits114: SWOT; Exhibits115: Indotherm Furnace Pvt. Ltd. - Overview; Exhibits116: Indotherm Furnace Pvt. Ltd. - Product / Service; Exhibits117: Indotherm Furnace Pvt. Ltd. - Key offerings; Exhibits118: SWOT; Exhibits119: Inductotherm Group - Overview; Exhibits120: Inductotherm Group - Product / Service; Exhibits121: Inductotherm Group - Key offerings; Exhibits122: SWOT; Exhibits123: Jyoti CNC Automation Ltd. - Overview; Exhibits124: Jyoti CNC Automation Ltd. - Product / Service; Exhibits125: Jyoti CNC Automation Ltd. - Key offerings; Exhibits126: SWOT; Exhibits127: Magnalenz - Overview; Exhibits128: Magnalenz - Product / Service; Exhibits129: Magnalenz - Key offerings; Exhibits130: SWOT; Exhibits131: Megatherm Electronics Pvt. Ltd. - Overview; Exhibits132: Megatherm Electronics Pvt. Ltd. - Product / Service; Exhibits133: Megatherm Electronics Pvt. Ltd. - Key offerings; Exhibits134: SWOT; Exhibits135: Microtech Inductions Pvt. Ltd. - Overview; Exhibits136: Microtech Inductions Pvt. Ltd. - Product / Service; Exhibits137: Microtech Inductions Pvt. Ltd. - Key offerings; Exhibits138: SWOT; Exhibits139: Naksh Induction - Overview; Exhibits140: Naksh Induction - Product / Service; Exhibits141: Naksh Induction - Key offerings; Exhibits142: SWOT; Exhibits143: Nutrotherm Induction - Overview; Exhibits144: Nutrotherm Induction - Product / Service; Exhibits145: Nutrotherm Induction - Key offerings; Exhibits146: SWOT; Exhibits147: Orbit Induction - Overview; Exhibits148: Orbit Induction - Product / Service; Exhibits149: Orbit Induction - Key offerings