A cold crucible induction melter includes an induction coil and a melting furnace. The induction coil serves as a water cooled segment to directly transmit an induced current to a molten material in the cold crucible induction melter (CCIM), improving energy efficiency. Simultaneously, the structure of the CCIM is simplified and enables a smooth discharge even when the molten material consists of a ceramic or a metal material with a high melting point. The cold crucible induction melter heats and melts waste using an induced current which is generated in a water cooled segment by a high frequency current that is applied to the induction coil. The water cooled segment and the induction coil are disposed in a vertical direction so that the induced current that is generated by the induction coil is directly transmitted to the molten material.