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Global induction furnace market size is expected at $1.45 Bn by 2027 at a growth rate of 6.2% and outlook by The Business Research Company.<br>
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Induction Furnace Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Induction Furnace Market Segments The Business Research Company segments it’s Induction Furnace market report as: Coreless Induction Furnace, Channel Induction Furnace By Type Steel Industry, Copper Industry, Aluminum Industry, Zinc Industry By End-Use Industry By Furnace Capacity Up To 1 Ton, 1–100 Ton, More than 100 Ton
Induction Furnace Market Statistics The global induction furnace market size will grow from $1.07 billion in 2022 to $1.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The market size of the global induction furnace is expected to grow to $1.45 billion in 2027 at a CAGR of 6.2%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers The growth of the aerospace industry is expected to propel the growth of the induction furnace market going forward. Trends Strategic partnerships are the key trend gaining popularity in the induction furnace market. • Region Asia-Pacific was the largest region in the induction furnace market in 2022. The regions covered in the induction furnace industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Key Market Players • Major players in the Induction Furnace market are: • Electrotherm • Danieli & C. S.p.A • SMS Elotherm GmbH • Meltech Ltd • Tenova S.p.A • And more. Get More Information On The Induction Furnace Market Report
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