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Induction Heating System Market Share

Report ID: GMI5642
Published Date: Nov 2024
Report Format: PDF

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Induction Heating System Market Share

Induction Heating System Company Market Share Analysis, 2024

The manufacturers operating in the induction heating system industry are adopting innovative advanced systems equipped with IoT, AI, and machine learning capabilities for real-time monitoring, predictive maintenance, and energy optimization to fuel the business expansion. Companies are expanding their product portfolios to serve a broader range of applications in automotive, aerospace, electronics, and renewable energy sectors to develop solutions that meet specific operational requirements with government regulations.

Induction Heating System Market Companies

Major players operating in the induction heating system industry are:

Abhay Induction Tech
ACME
Ambrell
Chengdu Jinkezhi Electronic
C-Tech Innovation
Da-ichi Kiden
EFD Induction
Electrotherm
Fuji Electric
Heatrotherm
Inductotherm Group
Interpower Induction
ITW Welding Singapore
KBG Induction
Kitashiba Electric
Lu-Chiuan Heating Elements
Microtech Induction
Neturen
RADYNE
Rapid-Heat Systems
Schaeffler Singapore
Solidheat Industries
Thermo International
TM Induction Heating
Uchino
Ultraflex Power Technologies

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for induction heating system was reached USD 1.94 billion in 2024 and is predicted to grow at a CAGR of 4.9% from 2025 to 2034, driven by the continuous expansion of the automotive production base and rising vehicle sales.

The portable induction heating system industry is expected to exceed USD 1.5 billion by 2034, due to its lower operational and capital costs, reduced maintenance, and decreased power consumption compared to traditional heating systems.

The shipbuilding induction heating system market is anticipated to grow at a CAGR of over 4.5% through 2034, led by the rising demand for new vessels and increased investments in refurbishing existing fleets.

The U.S. induction heating system market is set to surpass USD 500 million by 2034, propelled by increasing demand across various industries, notably automotive, aerospace, and manufacturing.