San Francisco, 24 March 2020 : The Report India Heat Treating Market Analysis By Material (Steel, Cast Iron), By Process (Case Hardening, Annealing), By Equipment (Fuel-fired Furnace, Electrically-heated Furnace), By Application (Automotive, Aerospace), And Segment Forecasts, 2018 – 2027
The India heat treating market is expected to reach USD 8.37 billion by 2027 at a 7.5% CAGR, according to a report by Grand View Research, Inc. Entry of various automotive manufacturers in the country has fueled the demand for heat treating services over the past few years.
Heat treating involves controlled heating and cooling of materials to attain distinct mechanical properties such as strength, flexibility, and hardness. Steel is the most commonly used material for heat treating in India, along with cast iron, aluminum, copper, brass, and other metals.
The use of high-strength steel in the automotive industry has increased at an exponential rate, owing to requirements of light-weight vehicles with improved fuel efficiency. Rapid growth of the Indian automotive sector has propelled the demand for heat treating. Heat treated components are used in numerous auto-parts, such as transmission, suspension, engine, body frame, and braking systems.
Players in the heat treating market in India are focusing on the implementation of green technologies and processes to reduce environmental footprint. Companies are focused on increasing the use of natural gas-fired and electrically-heated furnaces. Use of induction heating and plasma heating is estimated to rise at a rapid pace over the next few years.
Access Research Report of India Heat Treating Market @ https://www.grandviewresearch.com/industry-analysis/india-heat-treating-market
Further key findings from the report suggest:

The India heat treating market was valued at USD 3.80 billion in 2016 and is expected to expand at a CAGR of 7.5% from 2017 to 2027
Market growth can be attributed to rapidly-expanding industries such as automotive and aerospace  
Steady GDP growth and progressive economic performance of the country has attracted significant foreign investments in end-use industries such as automotive and aerospace. This has encouraged various players from the international market to reinforce their presence in India
Penetration of energy-efficient and green technologies is projected to open new avenues in the market, providing local vendors potential to compete with international players
In terms of revenue, the automotive application segment accounted for 50% of the India market in 2016, followed by aerospace. Prospective growth in the automotive industry has created lucrative opportunities for players
By process, the case hardening segment is expected to witness the highest CAGR of 8.2% over the forecast period on account of increasing adoption of carburizing over traditional hardening process
South India and West India are anticipated to be the most lucrative regions in the India heat treating market. South India dominated the market with a share of close to 40% in 2016
The market in West India is likely to experience ample growth over the forecast period, owing to attractive business opportunities in Gujarat. East India and North East India are predicted to exhibit sluggish growth due to political instability and limited
Key players in the Indian market include Unitherm Engineers Limited, HighTemp Furnaces Limited, Deck India Engineering Pvt. Ltd., Sourabh Inductotherm, and AFECO Heating Systems. Augmented use of advanced technologies is predicted to aid Indian players in meeting international standards and strengthening their presence in the global market.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the India heat treating market on the basis of material, process, equipment, application, and region:
Heat Treating Material Outlook (Revenue, USD Million; 2012 - 2027)

Steel
Cast iron
Others

Heat Treating Process Outlook (Revenue, USD Million; 2012 - 2027)

Hardening & tempering
Case hardening
Annealing
Normalizing
Others

Heat Treating Equipment Outlook (Revenue, USD Million; 2012 - 2027)

Fuel-fired furnace
Electrically-heated furnace
Others

Heat Treating Application Outlook (Revenue, USD Million; 2012 - 2027)

Automotive
Aerospace
Metalworking
Others

Heat Treating Region Outlook (Revenue, USD Million; 2012 - 2027)

South India
West India
North India
Central India
East India
North East India

Access Press Release of India Heat Treating Market @ https://www.grandviewresearch.com/press-release/india-heat-treating-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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