Europe Induction Furnace Market (2022-2028) | Size, Industry, Outlook, Share, Growth, Revenue, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT
Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Product (Coreless Induction Furnace, Channel Induction Furnace), By Type (Steel, Aluminium, Copper) And Competitive Landscape
| Product Code: ETC396519 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
Europe Induction Furnace Market Synopsis
Europe Induction Furnace Market is anticipated to grow during the forecast period. The key drivers of the Europe Induction Furnace Market are increasing demand for renewable energy sources such as solar and wind power, increasing investments in automation and modernization projects, and increasing adoption of advanced technologies such as electric vehicles and hybrid vehicles.
The Europe Induction Furnace Market is expected to witness growth in the years to come attributed to factors such as increased adoption of green technologies by various companies, increasing investment in renewable sources of energy, and growing demand from the automotive and aerospace sectors.
Some of the key trends that are expected to drive the Europe Induction Furnace Market Growth include increasing demand from the automotive and aerospace sectors, growing investment in renewable sources of energy, and increasing adoption of green technologies. In addition, the increasing demand for high-quality products by consumers across geographies is also fuelling the growth of this market.
According to 6Wresearch, Europe Induction Furnace Market is expected to grow during 2022-2028. The Global Induction Furnace Market is expected to grow during the forecast period by the increasing demand for miniaturized and lower power induction furnaces for various industrial applications such as the automotive, electronics, and pharmaceutical industries. Electric furnaces dominate the Europe Induction Furnace Industry owing to their advantages such as low operating costs and faster cycling time. Gas furnaces are expected to grow at a slower rate owing to their higher initial installation cost and higher fire risk. However, over time they are expected to gain prominence owing to their superior environmental performance compared to electric furnaces.
Moreover, the growing demand for environmentally friendly products is one of the key drivers for the Europe Induction Furnace Market Growth. Increasing adoption of industrialization in emerging economies is another key driver for the induction furnace market growth. Increased demand from the automotive sector is also a key driver for the induction furnace market growth.
As the world moves towards a more sustainable and environmentally-friendly future, induction furnaces are increasingly being adopted as an efficient and green option for heat production. Europe is expected to witness significant growth in the induction furnace market over the next decade, owing to increasing demand from the automotive and energy sectors.
Impact of COVID-19 on Europe Induction Furnace Market
The COVID-19 pandemic drastically affected the Europe Induction Furnace Industry. The restrictions associated with the COVID-19 slow down the businesses and even stopped production owing to the disrupted supply chain and reduced demand of aluminum. This has severely caused a decline in the induction furnaces which resulted in impeding market growth. Also, the outbreak delayed various construction projects and imposed restrictions on travel which further declines the Europe Induction Furnaces Market share.
Market analysis based on Countries
By countries, market is segmented into Germany, United Kingdom, France, Italy, Russia, Spain, and Rest of Europe. These countries are primarily responsible for the high demand for miniaturized induction furnaces owing to their leading positions in the automotive, electronics, and pharmaceuticals industries. However, the United Kingdom is expected to witness significant growth due to its increasing investment in renewable energy sources such as solar and wind turbines.
Market analysis based on Product
Based on product, market is segmented into Coreless Induction Furnace and Channel Induction Furnace. The channel induction furnace is the best for metals and is commonly used for melting low- melting-point alloys.
Key players in the Europe Induction Furnace Market
The key players in the Europe Induction Furnace Market are
- Siemens AG (Germany)
- ABB Ltd. (Switzerland)
- General Electric Company (US)
- Mitsubishi Heavy Industries, Ltd. (Japan)
- Toshiba Corporation (Japan)
These companies are focusing on expanding their presence in the market by expanding their product portfolio and partnerships. In addition, these companies are also investing in R&D to develop new products and technologies that can address the specific needs of the market.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021.
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Europe Induction Furnace Market Outlook
- Market Size of Europe Induction Furnace Market, 2021
- Forecast of Europe Induction Furnace Market, 2028
- Historical Data and Forecast of Europe Induction Furnace Revenues & Volume for the Period 2018 - 2028
- Europe Induction Furnace Market Trend Evolution
- Europe Induction Furnace Market Drivers and Challenges
- Europe Induction Furnace Price Trends
- Europe Induction Furnace Porter's Five Forces
- Europe Induction Furnace Industry Life Cycle
- Historical Data and Forecast of Europe Induction Furnace Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of Europe Induction Furnace Market Revenues & Volume By Coreless Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Europe Induction Furnace Market Revenues & Volume By Channel Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Germany Induction Furnace Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of Germany Induction Furnace Market Revenues & Volume By Coreless Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Germany Induction Furnace Market Revenues & Volume By Channel Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Induction Furnace Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Induction Furnace Market Revenues & Volume By Coreless Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Induction Furnace Market Revenues & Volume By Channel Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of France Induction Furnace Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of France Induction Furnace Market Revenues & Volume By Coreless Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of France Induction Furnace Market Revenues & Volume By Channel Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Italy Induction Furnace Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of Italy Induction Furnace Market Revenues & Volume By Coreless Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Italy Induction Furnace Market Revenues & Volume By Channel Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Russia Induction Furnace Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of Russia Induction Furnace Market Revenues & Volume By Coreless Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Russia Induction Furnace Market Revenues & Volume By Channel Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Spain Induction Furnace Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of Spain Induction Furnace Market Revenues & Volume By Coreless Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Spain Induction Furnace Market Revenues & Volume By Channel Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Induction Furnace Market Revenues & Volume By Product for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Induction Furnace Market Revenues & Volume By Coreless Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Induction Furnace Market Revenues & Volume By Channel Induction Furnace for the Period 2018 - 2028
- Historical Data and Forecast of Europe Induction Furnace Market Revenues & Volume By Type for the Period 2018 - 2028
- Historical Data and Forecast of Europe Induction Furnace Market Revenues & Volume By Steel for the Period 2018 - 2028
- Historical Data and Forecast of Europe Induction Furnace Market Revenues & Volume By Aluminium for the Period 2018 - 2028
- Historical Data and Forecast of Europe Induction Furnace Market Revenues & Volume By Copper for the Period 2018 - 2028
- Historical Data and Forecast of Germany Induction Furnace Market Revenues & Volume By Type for the Period 2018 - 2028
- Historical Data and Forecast of Germany Induction Furnace Market Revenues & Volume By Steel for the Period 2018 - 2028
- Historical Data and Forecast of Germany Induction Furnace Market Revenues & Volume By Aluminium for the Period 2018 - 2028
- Historical Data and Forecast of Germany Induction Furnace Market Revenues & Volume By Copper for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Induction Furnace Market Revenues & Volume By Type for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Induction Furnace Market Revenues & Volume By Steel for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Induction Furnace Market Revenues & Volume By Aluminium for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Induction Furnace Market Revenues & Volume By Copper for the Period 2018 - 2028
- Historical Data and Forecast of France Induction Furnace Market Revenues & Volume By Type for the Period 2018 - 2028
- Historical Data and Forecast of France Induction Furnace Market Revenues & Volume By Steel for the Period 2018 - 2028
- Historical Data and Forecast of France Induction Furnace Market Revenues & Volume By Aluminium for the Period 2018 - 2028
- Historical Data and Forecast of France Induction Furnace Market Revenues & Volume By Copper for the Period 2018 - 2028
- Historical Data and Forecast of Italy Induction Furnace Market Revenues & Volume By Type for the Period 2018 - 2028
- Historical Data and Forecast of Italy Induction Furnace Market Revenues & Volume By Steel for the Period 2018 - 2028
- Historical Data and Forecast of Italy Induction Furnace Market Revenues & Volume By Aluminium for the Period 2018 - 2028
- Historical Data and Forecast of Italy Induction Furnace Market Revenues & Volume By Copper for the Period 2018 - 2028
- Historical Data and Forecast of Russia Induction Furnace Market Revenues & Volume By Type for the Period 2018 - 2028
- Historical Data and Forecast of Russia Induction Furnace Market Revenues & Volume By Steel for the Period 2018 - 2028
- Historical Data and Forecast of Russia Induction Furnace Market Revenues & Volume By Aluminium for the Period 2018 - 2028
- Historical Data and Forecast of Russia Induction Furnace Market Revenues & Volume By Copper for the Period 2018 - 2028
- Historical Data and Forecast of Spain Induction Furnace Market Revenues & Volume By Type for the Period 2018 - 2028
- Historical Data and Forecast of Spain Induction Furnace Market Revenues & Volume By Steel for the Period 2018 - 2028
- Historical Data and Forecast of Spain Induction Furnace Market Revenues & Volume By Aluminium for the Period 2018 - 2028
- Historical Data and Forecast of Spain Induction Furnace Market Revenues & Volume By Copper for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Induction Furnace Market Revenues & Volume By Type for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Induction Furnace Market Revenues & Volume By Steel for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Induction Furnace Market Revenues & Volume By Aluminium for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Induction Furnace Market Revenues & Volume By Copper for the Period 2018 - 2028
- Europe Induction Furnace Market - Key Performance Indicators
- Europe Induction Furnace Market - Import Export Trade Statistics
- Europe Induction Furnace Market - Opportunity Assessment By Countries
- Europe Induction Furnace Market - Opportunity Assessment By Product
- Europe Induction Furnace Market - Opportunity Assessment By Type
- Europe Induction Furnace Market - Top Companies Market Share
- Europe Induction Furnace Market - Top Companies Profiles
- Europe Induction Furnace Market - Comparison of Players in Technical and Operating Parameters
- Europe Induction Furnace Market - Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Countries
- Germany
- United Kingdom
- France
- Italy
- Russia
- Spain
- Rest Of Europe
By Product
- Coreless Induction Furnace
- Channel Induction Furnace
By Type
- Steel
- Aluminum
- Copper
Europe Induction Furnace Market: FAQs
Some of the major market players include ABB (Sweden and Switzerland), Siemens (Germany and France), Mitsubishi Electric (Japan), Johnson Matthey (UK), and Toshiba (Japan).
The growth of Europe Induction Furnace Market can be attributed to the increasing demand for low-emission and environmentally friendly technologies, and the growing need for efficient energy production.
Yes, this report is signifying the impact of COVID-19.
The major limitations in the growth of Europe Induction Furnace industry is rising costs of electricity and maintenance costs associated with these machines.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Europe Induction Furnace Market Overview |
| 3.1 Europe Regional Macro Economic Indicators |
| 3.2 Europe Induction Furnace Market Revenues & Volume, 2021 & 2028F |
| 3.3 Europe Induction Furnace Market - Industry Life Cycle |
| 3.4 Europe Induction Furnace Market - Porter's Five Forces |
| 3.5 Europe Induction Furnace Market Revenues & Volume Share, By Countries, 2021 & 2028F |
| 3.6 Europe Induction Furnace Market Revenues & Volume Share, By Product, 2021 & 2028F |
| 3.7 Europe Induction Furnace Market Revenues & Volume Share, By Type, 2021 & 2028F |
| 4 Europe Induction Furnace Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Europe Induction Furnace Market Trends |
| 6 Europe Induction Furnace Market, 2018 - 2028 |
| 6.1 Europe Induction Furnace Market, Revenues & Volume, By Product, 2018 - 2028 |
| 6.2 Europe Induction Furnace Market, Revenues & Volume, By Type, 2018 - 2028 |
| 7 Germany Induction Furnace Market, 2018 - 2028 |
| 7.1 Germany Induction Furnace Market, Revenues & Volume, By Product, 2018 - 2028 |
| 7.2 Germany Induction Furnace Market, Revenues & Volume, By Type, 2018 - 2028 |
| 8 United Kingdom Induction Furnace Market, 2018 - 2028 |
| 8.1 United Kingdom Induction Furnace Market, Revenues & Volume, By Product, 2018 - 2028 |
| 8.2 United Kingdom Induction Furnace Market, Revenues & Volume, By Type, 2018 - 2028 |
| 9 France Induction Furnace Market, 2018 - 2028 |
| 9.1 France Induction Furnace Market, Revenues & Volume, By Product, 2018 - 2028 |
| 9.2 France Induction Furnace Market, Revenues & Volume, By Type, 2018 - 2028 |
| 10 Italy Induction Furnace Market, 2018 - 2028 |
| 10.1 Italy Induction Furnace Market, Revenues & Volume, By Product, 2018 - 2028 |
| 10.2 Italy Induction Furnace Market, Revenues & Volume, By Type, 2018 - 2028 |
| 11 Russia Induction Furnace Market, 2018 - 2028 |
| 11.1 Russia Induction Furnace Market, Revenues & Volume, By Product, 2018 - 2028 |
| 11.2 Russia Induction Furnace Market, Revenues & Volume, By Type, 2018 - 2028 |
| 12 Spain Induction Furnace Market, 2018 - 2028 |
| 12.1 Spain Induction Furnace Market, Revenues & Volume, By Product, 2018 - 2028 |
| 12.2 Spain Induction Furnace Market, Revenues & Volume, By Type, 2018 - 2028 |
| 13 Rest of Europe Induction Furnace Market, 2018 - 2028 |
| 13.1 Rest of Europe Induction Furnace Market, Revenues & Volume, By Product, 2018 - 2028 |
| 13.2 Rest of Europe Induction Furnace Market, Revenues & Volume, By Type, 2018 - 2028 |
| 14 Europe Induction Furnace Market Key Performance Indicators |
| 15 Europe Induction Furnace Market - Opportunity Assessment |
| 15.1 Europe Induction Furnace Market Opportunity Assessment, By Countries, 2021 & 2028F |
| 15.2 Europe Induction Furnace Market Opportunity Assessment, By Product, 2021 & 2028F |
| 15.3 Europe Induction Furnace Market Opportunity Assessment, By Type, 2021 & 2028F |
| 16 Europe Induction Furnace Market - Competitive Landscape |
| 16.1 Europe Induction Furnace Market Revenue Share, By Companies, 2021 |
| 16.2 Europe Induction Furnace Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |
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