Induction Furnace Market Size, Insights, Statistics To 2035
The global induction furnace industry focuses on the manufacturing and sale of electrical furnaces that use electromagnetic induction to melt and refine metals such as steel, aluminum, and copper. An induction furnace is an electrical furnace in which the heat is applied by induction heating of metal. Capacities of induction furnaces range from less than one kilogram to one hundred tons, and are used to melt iron and steel, copper, aluminum, and precious metals.