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Asia Pacific Induction Heating System Market Analysis

  • Report ID: GMI5396
  • Published Date: Nov 2024
  • Report Format: PDF

Asia Pacific Induction Heating System Market Analysis

The stationary product segment will exceed USD 400 million by 2034. The increasing use of environmentally friendly technologies for annealing, hardening, and brazing will drive the adoption of these systems. Key features such as zero exhaust emissions, high reliability and durability, low noise levels, and quick startup contribute to the growing preference for these heating systems over conventional units.
 

Asia Pacific Induction Heating System Market Revenue Share, By End Use, 2024

The aerospace induction heating system market size will witness a growth at a CAGR of over 4% through 2034. These systems are used in the aerospace industry for various processes, including hot heading, bonding and heating of composite materials, as well as levitation melting and vacuum treatment of special alloys. The rising demand for new aircraft, along with the growing maintenance needs of existing fleets, will drive adoption of these systems.
 

China Induction Heating System Market Size, 2022 - 2034 (USD Million)

China induction heating system market is set to reach over USD 200 million by 2034. Stringent government regulations aimed at deploying advanced heating systems and reducing greenhouse gas emissions will drive growth in the market in China. The rising regulatory emphasis, combined with growing investments in the automotive sector, will enhance the industry's outlook. The growing demand for replacing outdated heating systems with energy-efficient units will boost product adoption. Additionally, the introduction of emission reduction standards to limit greenhouse gases, along with a rising population, are key factors shaping the business outlook.
 

The rapid growth of industries has led to a significant increase in the demand for sustainable heating technologies nationwide, accelerating the deployment of these systems across Japan. Additionally, the government's introduction of various initiatives to streamline approvals for new renewable energy projects will create business opportunities for these systems. The implementation of stricter emission targets will drive the industry's shift toward more efficient and sustainable heating solutions, boosting the adoption of these units.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for induction heating system in Asia Pacific reached USD 601.2 million in 2024 and is set to grow at a 4.3% CAGR from 2025 to 2034, driven by the flourishing automobile sector and increasing vehicle sales.

The aerospace induction heating system segment is projected to grow at a CAGR of over 4% through 2034, led by the rising demand for new aircraft and the growing maintenance needs of existing fleets.

The China market is set to reach over USD 200 million by 2034, propelled by stringent government regulations and growing investments in the automotive sector.

The key players in the industry include Abhay Induction Tech, ACME, Ambrell, C-Tech Innovation, Chengdu Jinkezhi Electronic, Da-ichi Kiden, EFD Induction, Electrotherm, Fuji Electric, Inductotherm Group, ITW Welding Singapore, and KBG Induction.

Asia Pacific Induction Heating System Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 22
  • Tables & Figures: 8
  • Countries covered: 11
  • Pages: 100
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