Induction heating is a process of heating a material which is electrically conductive, but the innovative thing in this process is that there is no any physical contact to the material to be heated with the flame or burner or anything. This process just uses the high frequency electric current to heat the material that‟s why the material to be heated must be electrically conductive. So here the high frequency electric current will pass through the work coil and the material to be heated should put within this work coil so there will be no physical contact with the material, whereas in any other heating methods the flame or burner will be in the direct contact with the material to be heated which can spoil the surface of the material and also cause the metal contamination. But in induction heating, contamination is avoided because there is no physical touch between material and heater. Also one more thing to be noted is that in induction heating process the heat is directly generated inside the material not on the surface of the material so it affects more than any other heating methods. Just due to these several reasons the induction heating is more unique heating method in industrial applications. Ref [1]. The main objective of this project is to realize Induction Heating phenomenon and also to compare the same with conventional heating. Based on this work feasibility of this heating can verify for different heating applications. The main principle of this topology can also help to understand high frequency transformer, resonant circuit and also high frequency inverter. In this project, design and realization of small but complex prototype is proposed. So in this project work the author has tried to design, simulate and analyze the very high frequency Induction Heating of small prototype with the use of MatLAB simulations and Quick Field Simulation. Also another main thing has been done in this thesis is to analyze the gas fire furnaces for industrial applications and induction furnaces for the same industrial applications and comparison of them.