London, 02 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the IF Market in India 2015-2019, which is forecast to reach over a CAGR of 6.24% during the period of 2014-2019.
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. Further investments are expected in various sectors such as defense, metro, and telecom sectors that will increase the demand for metals, which will drive the need for IFs.
“Stringent electricity consumption standards and rising energy prices are driving greater demand for energy-efficient IFs,” says Faisal Ghaus, Vice President of Technavio.
“Vendors are forced to implement various standards and regulations that govern the production of energy-efficient IFs.”
Key Market Drivers
- High Capacity-building Rate of Copper and Steel Industry
- Upcoming Investments in Infrastructure Sector in 12th Five-year Plan
- Relatively Low Investment and Operational Cost
- Easy to Get Environmental Clearance as it Creates Minimal Pollution
Key Market Trends
- Adoption of Energy-efficient Ifs
- Increase in R&D Investments
Key Market Vendors
- ABP Induction Systems Pvt. Ltd.
- Electrotherm (India) Ltd.
- Inductotherm Group India
- Megatherm
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
