induction furnace market in india 2015 2019
TRANSCRIPT
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Induction Furnace Market in India 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
Technavio’s Senior Analyst says, “The growth of the IF industry is facing a few challenges, and the most prominent one is the highly fragmented small-scale metal manufacturers. The target customers for IFs are mainly small-scale metal manufacturers that are fragmented across different parts of the country, making it difficult for IF manufacturers to sell their products.”
• 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.
• Technavio analysts forecast that the induction furnace market in India will grow at a CAGR of 6.24% during 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Induction Furnace Market in India 2015-2019
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Vendors
To understand the vendor landscape and
for a full list of vendors view our
report:
Induction Furnace Market in India 2015-2019
ABP Induction
Electrotherm
Inductotherm
ABP Induction was established in 2005 and is headquartered in Dortmund, Germany. The company manufactures industrial induction heating and melting equipment for metal casting and forging industries.
Electrotherm was established in 1983 and is headquartered in Ahmedabad, Gujarat, India. The company provides customized engineering and metallurgical solutions to its customers.
Inductotherm was established in 1982 and is headquartered in Ahmedabad, Gujarat, India. The company specializes in providing induction technology for melting, heating, mass heating, and vacuum melting and heating.
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Market Landscape
• Currently, the market is reviving at a good rate since the great recession of 2008-2009.
• Huge investments in the infrastructure sector are expected between 2015 and 2019 and also the government is making efforts to improve India's steel exports.
• Since the independence of India the five-year plans were aimed at developing India's heavy industries, and the 12th Five-year Plan aims at developing the infrastructure sector and the Indian steel industry.
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Key Buying Criteria
Parameter Details
Energy Efficiency
The ability of the IF to consume less energy and generate maximum output.
Serviceability Support services, such as maintenance and repair, provided after the sale of an IF.
Cost of Ownership The total cost that buyers have to incur during the entire life cycle of an IF.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Induction Furnace Market in India 2015-2019
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