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Induction Furnace (IF) Market in India 2015-2019

Induction Furnace (IF) Market in India 2015-2019

About Induction Furnace

Induction furnace is an electrical furnace that facilitates melting of metal using induction heating. It is an energy-efficient and easily-controlled melting process, based on the heating effect of the electromagnetic field. A typical induction furnace comprises inductor coil, shell, crucible, and cooling system, and a tilting mechanism for pouring the molten metal. The inductor coil generates magnetic flux as alternating current passes through it. It is the magnetic flux that creates the heating effect inside the furnace. Typically, the efficiency of an induction furnace ranges between 60-80%, depending on the capacity in terms of volume of the furnace, the properties of the metal being melted, and the speed of the entire process of melting.Induction furnace has emerged as a boon for small-scale metal manufacturers. It is smaller in size, when compared to Electric Arc Furnace, and has low operational cost. Besides, it comes at an affordable price, which makes the induction furnace the first choice for small scale companies.Technavio analysts forecast that the induction furnace market in India will grow at a CAGR of 6.24% during 2014-2019.

Covered in this Report

In this report, Technavio covers the present scenario and growth prospects of the induction furnace market in India during 2015–2019. To calculate the market size and vendor share, the report considers the revenue obtained from the sales of ferrous and non-ferrous industrial casting products.The Technavio report, Induction Furnace Market in India 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. The report covers induction furnace market landscape in India and its growth prospects in the forecast period. The report also includes a discussion on the key vendors operating in the market.

Key Vendors

  • ABP Induction System
  • Electrotherm (India)
  • Inductotherm Group India
  • Megatherm
Other Prominent Vendors
  • Agni Electrical
  • Indotherm
  • Magnalenz Induction Melting Furnace
  • Pees Induction Equipment
Market Driver
  • High Capacity Building Rate of Steel and Copper Industry
  • For a full, detailed list, view our report
Market Challenge
  • Highly Fragmented Market
  • For a full, detailed list, view our report
Market Trend
  • Adoption of Energy Efficient Induction Furnace
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Induction Furnace (IF) Market in India 2015-2019

Technavio recognizes the following companies as the key players in the Induction Furnace (IF) Market in India: ABP Induction System, Electrotherm (India), Inductotherm Group India and Megatherm

Other Prominent Vendors in the market are: Agni Electrical, Indotherm, Magnalenz Induction Melting Furnace and Pees Induction Equipment

Commenting on the report, an analyst from Technavio’s team said: “Stringent electricity consumption standards and rising energy prices are driving greater demand for energy-efficient IFs. The efficiency of the IF varies from 60% to 80%. Vendors are forced to implement various standards and regulations that govern the production of energy-efficient IFs. However, advances in technology and more advocacy from the vendors' end will likely contribute to market growth during the forecast period.”

According to the report, the growth in the IF market in India is because of the increase in capacity building by the steel and copper manufacturers, as the demand for copper and steel is expected to shoot up till 2019.Further, the report states that and the most prominent challenge for this market is the highly fragmented small-scale metal manufacturers.

Companies Mentioned

ABP Induction System, Electrotherm (India), Inductotherm Group India, Megatherm, Agni Electrical, Indotherm, Magnalenz Induction Melting Furnace, Pees Induction Equipment

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
      • Table IF by Both End-user and Region
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Size and Forecast
      • Table IF Market in India 2014-2019 ($ millions)
    • Political Analysis
    • Economic Analysis
    • Environmental
    • Five Forces Analysis
  • Market Segmentation by End-Users
    • Table IF Market in India: Segmentation by End-user 2014
    • Table IF Market in India: Segmentation by End-user 2019
    • Table IF Market in India: Segmentation by End-user 2014-2019
    • IF Market in Indian by Steel Industry
      • Market Size and Forecast
        • Table IF Market in India by Steel Industry 2014-2019 ($ millions)
    • IF Market in Indian by Copper Industry
      • Market Size and Forecast
        • Table IF Market in India by Copper Industry 2014-2019 ($ millions)
        • Table Copper Usage across Various Industries
    • IF Market in Indian by Aluminum Industry
      • Market Size and Forecast
        • Table IF Market in India by Aluminum Industry 2014-2019 ($ millions)
    • IF Market in Indian by Zinc Industry
      • Market Size and Forecast
        • Table IF Market in India by Zinc Industry 2014-2019 ($ millions)
  • Geographical Segmentation
    • Table IF Market in India: Zonal Segmentation 2014
    • Table IF Market in India: Zonal Segmentation 2019
    • Table IF Market in India: Zonal Segmentation 2014-2019
    • IF Market in Karnataka
      • Market Size and Forecast
        • Table IF Market in Karnataka 2014-2019 ($ millions)
    • IF Market in Maharashtra
      • Market Size and Forecast
        • Table IF Market in Maharashtra 2014-2019 ($ millions)
    • IF Market in Punjab
      • Market Size and Forecast
        • Table IF Market in Punjab 2014-2019 ($ millions)
    • IF Market in Tamil Nadu
      • Market Size and Forecast
        • Table IF Market in Tamil Nadu 2014-2019 ($ millions)
    • IF Market in Uttar Pradesh
      • Market Size and Forecast
        • Table IF Market in Uttar Pradesh 2014-2019 ($ millions)
  • Buying Criteria
  • Market Growth Drivers
    • Table Investment in 12th Five-year Plan ($ billions)
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
  • Key Vendor Analysis
    • ABP Induction
      • Key Facts
      • Business Overview
      • SWOT Analysis
    • Electrotherm
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2015
        • Table Electrotherm: Business Segmentation by Revenue 2015
      • Business Strategy
      • SWOT Analysis
    • Inductotherm
      • Key Facts
      • Business Overview
    • Megatherm
      • Key Facts
      • Business Overview
      • Product Categories
        • Table Megatherm: Product Categories
      • SWOT Analysis
  • Other Reports in this Series

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