North America Induction Heating System Market Analysis

North America Induction Heating System Market Analysis

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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.