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
- 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.
Table of Contents
1 Market Overview
- 1.1 Induction Melting Furnaces Product Introduction
- 1.2 Global Induction Melting Furnaces Market Size Forecast
- 1.2.1 Global Induction Melting Furnaces Sales Value (2020-2031)
- 1.2.2 Global Induction Melting Furnaces Sales Volume (2020-2031)
- 1.2.3 Global Induction Melting Furnaces Sales Price (2020-2031)
- 1.3 Induction Melting Furnaces Market Trends & Drivers
- 1.3.1 Induction Melting Furnaces Industry Trends
- 1.3.2 Induction Melting Furnaces Market Drivers & Opportunity
- 1.3.3 Induction Melting Furnaces Market Challenges
- 1.3.4 Induction Melting Furnaces Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Induction Melting Furnaces Players Revenue Ranking (2024)
- 2.2 Global Induction Melting Furnaces Revenue by Company (2020-2025)
- 2.3 Global Induction Melting Furnaces Players Sales Volume Ranking (2024)
- 2.4 Global Induction Melting Furnaces Sales Volume by Company Players (2020-2025)
- 2.5 Global Induction Melting Furnaces Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Induction Melting Furnaces Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Induction Melting Furnaces Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Induction Melting Furnaces
- 2.9 Induction Melting Furnaces Market Competitive Analysis
- 2.9.1 Induction Melting Furnaces Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Induction Melting Furnaces Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Induction Melting Furnaces as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Capacity
- 3.1 Introduction by Capacity
- 3.1.1 Capacity: Below 1 Ton
- 3.1.2 Capacity: 1-30 Tons
- 3.1.3 Capacity: Above 30 Tons
- 3.2 Global Induction Melting Furnaces Sales Value by Capacity
- 3.2.1 Global Induction Melting Furnaces Sales Value by Capacity (2020 VS 2024 VS 2031)
- 3.2.2 Global Induction Melting Furnaces Sales Value, by Capacity (2020-2031)
- 3.2.3 Global Induction Melting Furnaces Sales Value, by Capacity (%) (2020-2031)
- 3.3 Global Induction Melting Furnaces Sales Volume by Capacity
- 3.3.1 Global Induction Melting Furnaces Sales Volume by Capacity (2020 VS 2024 VS 2031)
- 3.3.2 Global Induction Melting Furnaces Sales Volume, by Capacity (2020-2031)
- 3.3.3 Global Induction Melting Furnaces Sales Volume, by Capacity (%) (2020-2031)
- 3.4 Global Induction Melting Furnaces Average Price by Capacity (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Laboratory
- 4.1.2 Industrial Manufacturing
- 4.2 Global Induction Melting Furnaces Sales Value by Application
- 4.2.1 Global Induction Melting Furnaces Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Induction Melting Furnaces Sales Value, by Application (2020-2031)
- 4.2.3 Global Induction Melting Furnaces Sales Value, by Application (%) (2020-2031)
- 4.3 Global Induction Melting Furnaces Sales Volume by Application
- 4.3.1 Global Induction Melting Furnaces Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Induction Melting Furnaces Sales Volume, by Application (2020-2031)
- 4.3.3 Global Induction Melting Furnaces Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Induction Melting Furnaces Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Induction Melting Furnaces Sales Value by Region
- 5.1.1 Global Induction Melting Furnaces Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Induction Melting Furnaces Sales Value by Region (2020-2025)
- 5.1.3 Global Induction Melting Furnaces Sales Value by Region (2026-2031)
- 5.1.4 Global Induction Melting Furnaces Sales Value by Region (%), (2020-2031)
- 5.2 Global Induction Melting Furnaces Sales Volume by Region
- 5.2.1 Global Induction Melting Furnaces Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Induction Melting Furnaces Sales Volume by Region (2020-2025)
- 5.2.3 Global Induction Melting Furnaces Sales Volume by Region (2026-2031)
- 5.2.4 Global Induction Melting Furnaces Sales Volume by Region (%), (2020-2031)
- 5.3 Global Induction Melting Furnaces Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Induction Melting Furnaces Sales Value, 2020-2031
- 5.4.2 North America Induction Melting Furnaces Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Induction Melting Furnaces Sales Value, 2020-2031
- 5.5.2 Europe Induction Melting Furnaces Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Induction Melting Furnaces Sales Value, 2020-2031
- 5.6.2 Asia Pacific Induction Melting Furnaces Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Induction Melting Furnaces Sales Value, 2020-2031
- 5.7.2 South America Induction Melting Furnaces Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Induction Melting Furnaces Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Induction Melting Furnaces Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Induction Melting Furnaces Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Induction Melting Furnaces Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Induction Melting Furnaces Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Induction Melting Furnaces Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Induction Melting Furnaces Sales Value, 2020-2031
- 6.3.2 United States Induction Melting Furnaces Sales Value by Capacity (%), 2024 VS 2031
- 6.3.3 United States Induction Melting Furnaces Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Induction Melting Furnaces Sales Value, 2020-2031
- 6.4.2 Europe Induction Melting Furnaces Sales Value by Capacity (%), 2024 VS 2031
- 6.4.3 Europe Induction Melting Furnaces Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Induction Melting Furnaces Sales Value, 2020-2031
- 6.5.2 China Induction Melting Furnaces Sales Value by Capacity (%), 2024 VS 2031
- 6.5.3 China Induction Melting Furnaces Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Induction Melting Furnaces Sales Value, 2020-2031
- 6.6.2 Japan Induction Melting Furnaces Sales Value by Capacity (%), 2024 VS 2031
- 6.6.3 Japan Induction Melting Furnaces Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Induction Melting Furnaces Sales Value, 2020-2031
- 6.7.2 South Korea Induction Melting Furnaces Sales Value by Capacity (%), 2024 VS 2031
- 6.7.3 South Korea Induction Melting Furnaces Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Induction Melting Furnaces Sales Value, 2020-2031
- 6.8.2 Southeast Asia Induction Melting Furnaces Sales Value by Capacity (%), 2024 VS 2031
- 6.8.3 Southeast Asia Induction Melting Furnaces Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Induction Melting Furnaces Sales Value, 2020-2031
- 6.9.2 India Induction Melting Furnaces Sales Value by Capacity (%), 2024 VS 2031
- 6.9.3 India Induction Melting Furnaces Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Inductotherm Group
- 7.1.1 Inductotherm Group Company Information
- 7.1.2 Inductotherm Group Introduction and Business Overview
- 7.1.3 Inductotherm Group Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Inductotherm Group Induction Melting Furnaces Product Offerings
- 7.1.5 Inductotherm Group Recent Development
- 7.2 OTTO Junker GmbH
- 7.2.1 OTTO Junker GmbH Company Information
- 7.2.2 OTTO Junker GmbH Introduction and Business Overview
- 7.2.3 OTTO Junker GmbH Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 OTTO Junker GmbH Induction Melting Furnaces Product Offerings
- 7.2.5 OTTO Junker GmbH Recent Development
- 7.3 ABP Induction Systems
- 7.3.1 ABP Induction Systems Company Information
- 7.3.2 ABP Induction Systems Introduction and Business Overview
- 7.3.3 ABP Induction Systems Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 ABP Induction Systems Induction Melting Furnaces Product Offerings
- 7.3.5 ABP Induction Systems Recent Development
- 7.4 ECM Technologies
- 7.4.1 ECM Technologies Company Information
- 7.4.2 ECM Technologies Introduction and Business Overview
- 7.4.3 ECM Technologies Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 ECM Technologies Induction Melting Furnaces Product Offerings
- 7.4.5 ECM Technologies Recent Development
- 7.5 ALD Vacuum Technologies
- 7.5.1 ALD Vacuum Technologies Company Information
- 7.5.2 ALD Vacuum Technologies Introduction and Business Overview
- 7.5.3 ALD Vacuum Technologies Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 ALD Vacuum Technologies Induction Melting Furnaces Product Offerings
- 7.5.5 ALD Vacuum Technologies Recent Development
- 7.6 Electrotherm
- 7.6.1 Electrotherm Company Information
- 7.6.2 Electrotherm Introduction and Business Overview
- 7.6.3 Electrotherm Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Electrotherm Induction Melting Furnaces Product Offerings
- 7.6.5 Electrotherm Recent Development
- 7.7 ULVAC
- 7.7.1 ULVAC Company Information
- 7.7.2 ULVAC Introduction and Business Overview
- 7.7.3 ULVAC Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 ULVAC Induction Melting Furnaces Product Offerings
- 7.7.5 ULVAC Recent Development
- 7.8 Fuji Dempa
- 7.8.1 Fuji Dempa Company Information
- 7.8.2 Fuji Dempa Introduction and Business Overview
- 7.8.3 Fuji Dempa Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Fuji Dempa Induction Melting Furnaces Product Offerings
- 7.8.5 Fuji Dempa Recent Development
- 7.9 Induction Technology Corporation (ITC)
- 7.9.1 Induction Technology Corporation (ITC) Company Information
- 7.9.2 Induction Technology Corporation (ITC) Introduction and Business Overview
- 7.9.3 Induction Technology Corporation (ITC) Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Induction Technology Corporation (ITC) Induction Melting Furnaces Product Offerings
- 7.9.5 Induction Technology Corporation (ITC) Recent Development
- 7.10 Taichiku
- 7.10.1 Taichiku Company Information
- 7.10.2 Taichiku Introduction and Business Overview
- 7.10.3 Taichiku Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Taichiku Induction Melting Furnaces Product Offerings
- 7.10.5 Taichiku Recent Development
- 7.11 Amelt Corporation
- 7.11.1 Amelt Corporation Company Information
- 7.11.2 Amelt Corporation Introduction and Business Overview
- 7.11.3 Amelt Corporation Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Amelt Corporation Induction Melting Furnaces Product Offerings
- 7.11.5 Amelt Corporation Recent Development
- 7.12 Secowarwick
- 7.12.1 Secowarwick Company Information
- 7.12.2 Secowarwick Introduction and Business Overview
- 7.12.3 Secowarwick Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Secowarwick Induction Melting Furnaces Product Offerings
- 7.12.5 Secowarwick Recent Development
- 7.13 Lihua
- 7.13.1 Lihua Company Information
- 7.13.2 Lihua Introduction and Business Overview
- 7.13.3 Lihua Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Lihua Induction Melting Furnaces Product Offerings
- 7.13.5 Lihua Recent Development
- 7.14 PVA IVS GmbH
- 7.14.1 PVA IVS GmbH Company Information
- 7.14.2 PVA IVS GmbH Introduction and Business Overview
- 7.14.3 PVA IVS GmbH Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 PVA IVS GmbH Induction Melting Furnaces Product Offerings
- 7.14.5 PVA IVS GmbH Recent Development
- 7.15 Dai-ichi High Frequency
- 7.15.1 Dai-ichi High Frequency Company Information
- 7.15.2 Dai-ichi High Frequency Introduction and Business Overview
- 7.15.3 Dai-ichi High Frequency Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Dai-ichi High Frequency Induction Melting Furnaces Product Offerings
- 7.15.5 Dai-ichi High Frequency Recent Development
- 7.16 Magnalenz
- 7.16.1 Magnalenz Company Information
- 7.16.2 Magnalenz Introduction and Business Overview
- 7.16.3 Magnalenz Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 Magnalenz Induction Melting Furnaces Product Offerings
- 7.16.5 Magnalenz Recent Development
- 7.17 HHV
- 7.17.1 HHV Company Information
- 7.17.2 HHV Introduction and Business Overview
- 7.17.3 HHV Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.17.4 HHV Induction Melting Furnaces Product Offerings
- 7.17.5 HHV Recent Development
- 7.18 Carant S.r.l.
- 7.18.1 Carant S.r.l. Company Information
- 7.18.2 Carant S.r.l. Introduction and Business Overview
- 7.18.3 Carant S.r.l. Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.18.4 Carant S.r.l. Induction Melting Furnaces Product Offerings
- 7.18.5 Carant S.r.l. Recent Development
- 7.19 Therelek
- 7.19.1 Therelek Company Information
- 7.19.2 Therelek Introduction and Business Overview
- 7.19.3 Therelek Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.19.4 Therelek Induction Melting Furnaces Product Offerings
- 7.19.5 Therelek Recent Development
- 7.20 Shenyang Jinyan
- 7.20.1 Shenyang Jinyan Company Information
- 7.20.2 Shenyang Jinyan Introduction and Business Overview
- 7.20.3 Shenyang Jinyan Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.20.4 Shenyang Jinyan Induction Melting Furnaces Product Offerings
- 7.20.5 Shenyang Jinyan Recent Development
- 7.21 Hengjin
- 7.21.1 Hengjin Company Information
- 7.21.2 Hengjin Introduction and Business Overview
- 7.21.3 Hengjin Induction Melting Furnaces Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.21.4 Hengjin Induction Melting Furnaces Product Offerings
- 7.21.5 Hengjin Recent Development
8 Industry Chain Analysis
- 8.1 Induction Melting Furnaces Industrial Chain
- 8.2 Induction Melting Furnaces Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Induction Melting Furnaces Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Induction Melting Furnaces Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer