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Induction Furnace (IF) Market in India 2015-2019

Induction Furnace (IF) Sector: Forecast until 2019 in India

  • July 2015
  • 56 pages
  • ID: 3095483
In this report:
The IF market in Indian by the copper industry generated revenue of $## million in 2014 and is expected to reach $##.## million by 2019, growing at a CAGR of ##.##%.
The IF market in Indian by the aluminum industry generated revenue of $## million in 2014 and is expected to reach $##.## million by 2019, growing at a CAGR of ##.##%.

Summary

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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, established 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 - 80.0 percent, according to the capacity in terms of volume of the furnace, the properties of the metal being melted, and the speed of the whole process of melting.

Induction furnace has emerged as a boon for small-scale metal manufacturers. It is shorter in size, when compared to Electric Arc Furnace, and has low operational cost. Besides, it comes at an cost-effective price, which makes the induction furnace the first choice for small scale companies.

Analysts forecast that the induction furnace sector in India (IN) will increase at a compound annual growth rate (CAGR) of ~6.2 percent during 2014-2019.

What is the scope of this report?

In this business report, Technavio contains the current situation and growth expectations of the induction furnace sector in India (IN) during 2015-2019. To calculate the market value and vendor share, the study considers the income obtained from the sales of ferrous and non-ferrous industrial casting products.

The Technavio report, Induction Furnace Sector in India 2015-2019, is established on a comprehensive market analysis, with inputs from market experts. The analysis includes induction furnace market landscape in India (IN) and its growth expectations in the outlook period. The market research also comprises a discussion on the key sellers operating in the sector.

o MegathermOther Prominent Merchants

Who are the market dominants?

o High Capacity Building Rate of Steel and Copper Industry

o For a full, in-depth list, view our market report

What are the ongoing market challenges?

o Highly Fragmented Sector

o For a full, exhaustive list, view our market report

How the market is going?

o Adoption of Energy Efficient Induction Furnace

o For a full, in-depth list, view our market report

What are the main questions answered?

o What will the market value be in 2019 and what will the increase rate be?

o What are the key market forecasts?

o What is driving this sector?

o What are the conditions to market growth?

o Who are the main sellers in this market environment?

o What are the opportunities in this industry and segment risks faced by the main vendors?

o What are the forces and weaknesses of the main vendors?

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