North America Induction Heating System Market Size - By Product (Portable, Stationary), By End Use (Automotive, Aerospace, Power Generation, Shipbuilding, Oil & Gas), Country Outlook & Forecast, 2024 – 2032

North America Induction Heating System Market Size

North America Induction Heating System Market was valued at USD 438.3 million in 2023 and is estimated to grow at a CAFGR of 5% from 2024 to 2032. The ongoing expansion of the automobile manufacturing plants along with rising vehicle sales will favor the industry prospects.
 

Induction heating refers to a process in which an electrically conductive material is heated by electromagnetic induction. This method utilizes high-frequency alternating currents to generate heat within the material, which is ideal for applications such as metal melting, brazing, welding, and heat treatment. Moreover, the introduction of various government schemes including tax rebates and incentives with an aim to increase the production base will favor the business scenario.
 

North America Induction Heating System Market Trends

Favorable government policies toward expansion of manufacturing sector will result in an increase of industrial facilities, which will boost the demand for these units. Policy interventions, environmental regulations, trade facilitation, and technological advancements are some of the key tools which are enabling the industries to meet the growing demand and enter international markets. Strict government regulations pertaining to the decarbonization in line with deployment of energy-efficient technologies will propel the product deployment.
 

North America Induction Heating System Market Analysis

The portable induction heating system market will surpass USD 300 million by 2032. Legislative mandates toward minimizing the carbon emissions along with shifting focus on the adoption of flexible heating systems will augment the business landscape. Moreover, implementation of energy efficient standards and codes to promote the deployment of energy efficient heating units will further stimulate the industry potential.
 

The automotive induction heating system market will grow at a rate of over 5.5% through 2032. Increasing applicability of induction heating systems for bonding automotive parts including doors, bonnets, liftgates, decklids, fenders, and roof panels will energize the automotive application of the induction heating systems market. Increasing disposable income coupled with increasing efforts to achieve energy optimization will drive the business landscape. Furthermore, the increasing demand for the replacement of existing heating systems with energy efficient units will elevate the product adoption.
 

U.S. induction heating system market is set to reach USD 500 million by 2032. Rapid expansion of industries has paralleled into a significant rise in the requirement of sustainable heating technologies across the country. The government has introduced various initiatives to facilitate approval toward the development of new renewable energy projects which in turn will create business opportunities for these systems. In addition, introduction of various emission reduction standards to limit greenhouse gas along with rising population are some of the prominent factors influencing the business outlook.
 

North America Induction Heating System Market Share

Fuji Electric is one of the prominent players in the induction heating systems market, known for its innovative solutions and comprehensive product offerings. These systems utilize state-of-the-art technology to provide efficient, precise, and uniform heating of electrically conductive materials.
 

North America Induction Heating System Market Companies

Major companies operating in the North America induction heating system industry are:

• AMBRELL
• CEIA
• C-Tech Innovation
• EFD Induction
• Eldec LLC
• ERS Engineering Corp.
• Fuji Electric Co.
• Interpower Induction
• Kendrion
• Lepel Cap Sealing
• Lu-Chiuan Heating Elements Ind
• MAGNEFORCE HEAT STATIONS
• Neturen
• RADYNE
• TEAM, Inc.
• Thermo International
• Uchino Co.
• Ultraflex Power Technologies
   

North America Induction Heating Industry News

• In December 2023, Ambrell unveiled their all-new EKOHEAT 2 family of induction heating products, boasting an advanced feature set including the proprietary Advanced Internal Monitoring system. Engineered with cutting-edge semiconductor technologies, EKOHEAT 2 enhances process heating accuracy and efficiency, setting new standards in the industry. Orders for EKOHEAT 2 products are open, with delivery expected as early as April 2024, offering a range of models tailored to diverse industrial needs.
   
• In December 2022, Ultraflex Power Technologies unveiled the SmartScan system, a versatile induction heat treating scanner, exemplifies Ultraflex's commitment to innovation and adaptability in industrial applications. Ultraflex is known to deliver customized solutions for global induction heating, melting, and casting needs. Their latest technological innovation will offer cost reduction, energy efficiency, safety enhancement, and support for lean manufacturing goals.
   

This North America induction heating system market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2019 to 2032, for the following segments:

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Market, By Product

• Portable
• Stationary

Market, By End Use

• Automotive
• Aerospace
• Power Generation
• Shipbuilding
• Oil & Gas
• Others

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico