Electrical induction heating Market Scope
Induction heating systems are a type of electric heating technology that uses electromagnetic induction to heat materials, typically metals, without direct contact. The process involves passing an alternating current (AC) through a coil, which generates a high-frequency magnetic field. Government policies that support the expansion of domestic manufacturing have led to a rise in industrial facilities, which in turn will drive the product penetration. Electrical induction heating is a non-contact heating process that utilizes electromagnetic fields to generate heat within a conductive material. This technology is widely used in industrial applications such as metal hardening, welding, brazing, forging, and annealing. The process works by inducing eddy currents within the material, leading to rapid and precise heating without direct contact or combustion, making it highly efficient and environmentally friendly. With advancements in automation, AI-driven process control, and sustainable energy solutions, the induction heating market is experiencing steady growth. The adoption of solid-state induction heating and hybrid heating systems is further enhancing operational efficiency, making it a preferred technology in modern industrial processes.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Abhay Induction Tech (India), ACME (Taiwan), Ambrell (United States), Chengdu Jinkezhi Electronic (China), C-Tech Innovation (United Kingdom), Da-ichi Kiden (Japan), EFD Induction (Headquarters: Norway), Electrotherm (India), Fuji Electric (Japan) and Heatrotherm (India) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Global Manufacturers will contribute to the maximum growth of Global Electrical induction heating market throughout the predicted period.
Abhay Induction Tech (India), ACME (Taiwan), Ambrell (United States), Chengdu Jinkezhi Electronic (China), C-Tech Innovation (United Kingdom), Da-ichi Kiden (Japan), EFD Induction (Headquarters: Norway), Electrotherm (India), Fuji Electric (Japan) and Heatrotherm (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Inductotherm Group (United States), Interpower Induction (United States), ITW Welding Singapore (Singapore), KBG Induction (India) and Kitashiba Electric (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Electrical induction heating market by Type and Region with country level break-up.
On the basis of geography, the market of Electrical induction heating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In October 2024, TM Induction Heating, a Dutch company specializing in induction heating-based shrink-fit equipment, was acquired by Include Industries, an industrial accelerator. This acquisition marked Include Industries' third addition of a 'small champion' to its portfolio. The founders of TM Induction Heating, Tim and Marjanne Loedeman, transferred ownership after 32 years, aiming to ensure the company's continued growth and innovation under new leadership. The collaboration is expected to strengthen TM Induction Heating's position in assembly solutions for motion and drive technology.
In July 2024, Thermo International unveiled its newly enhanced induction heating machines revolutionizing maintenance processes in power plants. These advanced machines rapidly heat turbine bolts or boiler tubes within tube sheets without direct contact to ensure precision and efficiency. It is widely adopted for removing worn-out boiler tubes, the technology enables energy facilities to replace power tubes without damaging external tube sheets, streamlining repairs.
Influencing Trend:
Increased Adoption in Medical & Food Processing
Market Growth Drivers:
Increasing Demand for Electric Vehicles and Integration with Smart Manufacturing
Challenges:
Material Limitations
Restraints:
High Initial Investment
Opportunities:
Advancements in Induction Technology and Customization & Automation
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others