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Induction Heating System Market Share

Report ID: GMI5642
Published Date: May 2023
Report Format: PDF

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Induction Heating System Market Share

The major players operating in the induction heating system industry include:

Fuji Electric Co
Heatrotherm
Interpower Induction
RADYNE
Thermo International
Ultraflex Power Technologies
Electrotherm
Microtech Inductions
Ambrell
C-Tech Innovation
EFD Induction
Lu-Chiuan Heating Elements Ind
TM Induction Heating
ACME (Advanced Corporation for Materials & Equipments)
Chengdu Jinkezhi Electronic
KBG INDUCTION, Inductotherm (India)
Abhay Induction Tech
Inductotherm Group Japan
Kitashiba Electric
Neturen
Uchino Co.
Da-ichi Kiden
Schaeffler (Singapore) Pte. Ltd
ITW Welding Singapore Pte
Solidheat Industries Pte
Rapid-Heat Systems
Inductotherm Industries (Shanghai).

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of induction heating system exceeded USD 1.9 billion in 2023 and is projected to expand at 4.8% CAGR from 2024 to 2032, attributed to the flourishing automotive industry globally.

The stationary induction heating system market size is slated witness 4.5% growth rate during 2023-2032, driven by the increasing inclination toward renewable and clean energy technologies.

The induction heating system market revenue from the power generation application is estimated to amass USD 700 million by 2032, owing to the growing environmental concerns and an increased emphasis on reducing production costs of power generation equipment.

Notable players in the induction heating system business landscape are Fuji Electric Co., Heatrotherm, Interpower Induction, RADYNE, Thermo International, Ultraflex Power Technologies, Electrotherm, Microtech Inductions, Ambrell, C-Tech Innovation, EFD Induction, Lu-Chiuan Heating Elements Ind, and others.