誘導加熱市場規模、シェア、動向、2030年までの世界予測

Induction Heating Market - Global Forecast To 2030

Induction Heating Market by Power (Upto 10 kW, 10 kW - 100 kW, Above 100 kW) By Frequency (1-10 kHz, 10-50 kHz, 50 kHz -1 mHz) By Application (Metal Melting, Annealing, Heat Treating, Brazing And Soldering, Surface Hardening) By End-User (Metal Industry, Industrial Manufacturing, Automotive, Plastic Processing, Electronics & Semiconductors, Consumer Appliances, Medical Industry), Region- Forecast to 2030

商品番号 : SMB-92032

出版社MarketsandMarkets
出版年月2025年12月
ページ数260
図表数281
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

誘導加熱市場 – 電力(10 kWまで、10 kW~100 kW、100 kW以上)、周波数別(1~10 kHz、10~50 kHz、50 kHz~1 mHz)、用途別(金属溶解、焼鈍、熱処理、ろう付けおよびはんだ付け、表面硬化)、エンドユーザー別(金属産業、工業製造、自動車、プラスチック加工、電子機器および半導体、民生機器、医療産業)、地域別 – 2030年までの予測

世界の誘導加熱市場は、予測期間中に年平均成長率7.4%で成長し、2025年の6億1,680万米ドルから2030年には8億7,950万米ドルに成長すると予測されています。

主要経済圏における産業・製造インフラの急速な拡大は、誘導加熱システムへの旺盛な需要を牽引しています。インドでは、国家インフラ・パイプラインなどの取り組みや、金属、自動車、化学、エレクトロニクス分野への投資拡大により、生産性とエネルギー効率を向上させる効率的な加熱技術へのニーズが高まっています。

米国では、インフラ投資・雇用法などの連邦政府プログラムやクリーンエネルギー産業の拡大により、鉄鋼や半導体などの産業の高度化が推進されており、これらには信頼性の高い高効率の誘導加熱ソリューションが不可欠です。こうした着実な近代化と生産能力の増強は、処理速度の向上、エネルギー消費量の削減、運用信頼性の向上を実現する高度な加熱システムの導入を直接的に促進しています。

調査範囲:

本レポートは、世界の誘導加熱市場を電力、用途、エンドユーザー、地域別に定義、説明、予測しています。また、市場の詳細な定性・定量分析も提供しています。主要な市場推進要因、制約要因、機会、課題を包括的に分析しています。さらに、市場の様々な重要な側面を網羅しており、競争環境、市場ダイナミクス、市場価値の予測、そして誘導加熱市場の将来動向の分析も含まれています。

本レポートを購入する主なメリット

  • 本レポートは、誘導加熱市場の成長に影響を与える主要な推進要因、制約要因、機会、課題を分析しています。
  • 市場動向:収益性の高い市場に関する包括的な情報 – 本レポートは、様々な地域における誘導加熱市場を分析しています。
  • 市場の多様化:誘導加熱市場における新製品・サービス、未開拓地域、最近の動向、投資に関する包括的な情報。
  • 競合評価:誘導加熱市場における主要企業(Interpower Induction(米国)、Thermo International(米国)、inTEST Corporation(米国)、Radyne Corporation(米国)、Hammond Power Solutions(カナダ)、SPC Electronics Corporation(日本)、Park-Ohio Holdings Corp(米国)、Induction Innovations(米国)、ENRX(ドイツ)、RDO Induction, Inc.(米国)、UltraFlex Power Technologies(米国)、Eldec Induction GmbH(ドイツ)、TRUMPF(ドイツ)、MagneForce Inc.(米国)、第一機電株式会社(日本)、深圳ダブルパワーテクノロジー株式会社(中国)、日本アビオニクス株式会社(日本)など)の市場シェア、成長戦略、サービス提供に関する詳細な評価。

Report Description

The global Induction heating market is estimated to grow from USD 616.8 million in 2025 to USD 879.5 million by 2030, at a CAGR of 7.4% during the forecast period.

Rapid expansion of industrial and manufacturing infrastructure across major economies is driving strong demand for Induction Heating systems. In India, initiatives such as the National Infrastructure Pipeline and growing investments in metals, automotive, chemicals, and electronics are driving the need for efficient heating technologies that enhance productivity and energy performance.

誘導加熱市場規模、シェア、動向、2030年までの世界予測
Induction Heating Market – Global Forecast To 2030

In the United States, federal programs such as the Infrastructure Investment and Jobs Act and clean-energy industrial expansion are pushing upgrades in steel, semiconductors, all of which require reliable, high-efficiency Induction Heating solutions. This steady modernization and capacity building directly increase the adoption of advanced heating systems for faster processing, reduced energy use, and improved operational reliability.

“By frequency, the 10–50 kHz segment is expected to dominate the Induction heating market during the forecast period.”

The Induction heating market by frequency has the 10–50 kHz range as its leading segment. This is primarily because this frequency band offers an ideal balance between heating depth and process efficiency, making it suitable for a wide variety of industrial applications such as hardening, brazing, annealing, and forging. Systems operating in the 10–50 kHz range deliver fast, uniform heating with high energy efficiency, enabling precise temperature control and improved metallurgical results.

This frequency range is widely compatible with both conductive and moderately thin workpieces, allowing industries to utilize it for diverse production requirements. Additionally, equipment in this band is cost-effective, easier to maintain, and adaptable to both legacy and modern manufacturing setups. Owing to these advantages, the 10–50 kHz segment is being rapidly adopted across metal processing, automotive, and general manufacturing, making it the most preferred and extensively deployed frequency category in the market.

“By application, the heat-treating segment is expected to dominate the Induction heating market during the forecast period.”

The Induction heating market by application is led by the heat-treating segment. This dominance is driven by the widespread use of heat-treating processes—such as hardening, tempering, annealing, and stress relieving across core industries, including automotive, machinery manufacturing, and metalworking. Heat-treating requires precise, consistent, and energy-efficient thermal control, which makes advanced Induction Heating systems highly suited for achieving desired material properties and improving component durability.

Induction Heating technologies used for heat treating provide rapid heating rates, clean operation, and superior metallurgical accuracy, making them a preferred choice over conventional gas-based systems. Furthermore, growing demand for high-performance metals, lightweight automotive components, and precision-engineered parts is increasing reliance on modern heat-treating systems. These factors collectively make heat-treating the largest and most critical application segment in the Induction Heating market.

誘導加熱市場規模、シェア、動向、2030年までの世界予測 - 地域
Induction Heating Market – Global Forecast To 2030 – region

“By region, Europe is estimated to be the third fastest-growing market during the forecast period.”

The Induction Heating market, by region, identifies Europe as the third-fastest-growing market. This growth is driven by the region’s strong manufacturing base, accelerating investments in energy-efficient industrial technologies, and stringent regulatory frameworks that promote cleaner and more sustainable heating solutions. European industries, especially automotive, heavy machinery, and advanced metallurgy, are rapidly upgrading to high-efficiency electric and induction-based heating systems to meet decarbonization targets and reduce operational emissions.

Additionally, the ongoing modernization of industrial infrastructure, supported by EU-level initiatives for digitalization and the green transition, is driving industries to adopt precise, automated, and low-maintenance heating technologies. The presence of leading industrial equipment manufacturers, combined with strong R&D capabilities and a rising demand for premium-quality processed materials, further positions Europe as a steadily expanding market, making it the third-fastest-growing region in the Induction Heating Landscape.

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 30%, Tier 2- 45%, and Tier 3 – 25%
  • By Designation: C-level Executives – 30%, Directors – 20%, and Others – 50%
  • By Region: North America – 18%, Europe – 8%, Asia Pacific – 60%, Middle East & Africa – 10%, and South America – 4%

Notes: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: > USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3: < USD 500 million. Other designations include sales managers, engineers, and regional managers.

誘導加熱市場規模、シェア、動向、2030年までの世界予測 - 対象企業
Induction Heating Market – Global Forecast To 2030 – ecosystem

Research Coverage:

The report defines, describes, and forecasts the global Induction heating market by power, application, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the Induction Heating market.

Key Benefits of Buying the Report

  • It provides an analysis of key drivers, restraints, opportunities, and challenges influencing the growth of the Induction Heating market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the Induction heating market across varied regions.
  • Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the Induction Heating market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Interpower Induction (US), Thermo International (US), inTEST Corporation (US), Radyne Corporation (US), Hammond Power Solutions (Canada), SPC Electronics Corporation (Japan), Park-Ohio Holdings Corp (US), Induction Innovations (US), ENRX (Germany), RDO Induction, Inc. (US), UltraFlex Power Technologies (US), Eldec Induction GmbH (Germany), TRUMPF (Germany), MagneForce Inc. (US), Dai-Ichi Kiden Co., Ltd. (Japan), Shenzhen Double-Power Technology Co., Ltd. (China), Nippon Avionics Co., Ltd. (Japan). among others in the Induction Heatingmarket.

Table of Contents

1               INTRODUCTION              24

1.1           STUDY OBJECTIVES       24

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   25

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      25

1.3.2        INCLUSIONS AND EXCLUSIONS 25

1.3.3        YEARS CONSIDERED      26

1.4           CURRENCY CONSIDERED            26

1.5           UNIT CONSIDERED        27

1.6           LIMITATIONS    27

1.7           STAKEHOLDERS               27

2               EXECUTIVE SUMMARY  28

2.1           MARKET HIGHLIGHTS AND KEY INSIGHTS          28

2.2           KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS              30

2.3           DISRUPTIVE TRENDS IN INDUCTION HEATING MARKET               31

2.4           HIGH-GROWTH SEGMENTS        32

2.5           REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE,  AND FORECAST                33

3               PREMIUM INSIGHTS       34

3.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUCTION HEATING MARKET                34

3.2           INDUCTION HEATING MARKET, BY POWER RATING                 34

3.3           INDUCTION HEATING MARKET, BY END-USE INDUSTRY                 35

3.4           INDUCTION HEATING MARKET, BY FREQUENCY                 35

3.5           INDUCTION HEATING MARKET IN ASIA PACIFIC,  BY END-USE INDUSTRY AND COUNTRY      36

3.6           INDUCTION HEATING MARKET, BY REGION       37

4               MARKET OVERVIEW       38

4.1           INTRODUCTION              38

4.2           MARKET DYNAMICS       38

4.2.1        DRIVERS               39

4.2.1.1    Increasing precision-driven manufacturing requirements and trade-driven industrial growth            39

4.2.1.2    Global focus on energy efficiency and decarbonization 40

4.2.2        RESTRAINTS      41

4.2.2.1    High upfront CAPEX associated with larger induction heating systems  41

4.2.3        OPPORTUNITIES              43

4.2.3.1    Surging demand for electric vehicles 43

4.2.3.2    Expanding induction heating applications in semiconductor and precision electronics             44

4.2.4        CHALLENGES    44

4.2.4.1    Preference for low-cost conventional resistance heating solutions                 44

4.2.4.2    Sustaining competitive edge amid technology commoditization                 44

4.3           UNMET NEEDS AND WHITE SPACES       45

4.3.1        UNMET NEEDS IN INDUCTION HEATING MARKET                 45

4.3.2        WHITE SPACE OPPORTUNITIES                46

4.4           INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES              46

4.4.1        INTERCONNECTED MARKETS   46

4.4.2        CROSS-SECTOR OPPORTUNITIES             47

4.5           STRATEGIC MOVES BY TIER-1/2/3 PLAYERS        47

4.5.1        KEY MOVES AND STRATEGIC FOCUS      47

5               INDUSTRY TRENDS         48

5.1           PORTER’S FIVE FORCES ANALYSIS           48

5.1.1        BARGAINING POWER OF SUPPLIERS       49

5.1.2        BARGAINING POWER OF BUYERS             49

5.1.3        THREAT OF NEW ENTRANTS      49

5.1.4        THREAT OF SUBSTITUTES          49

5.1.5        INTENSITY OF COMPETITIVE RIVALRY 49

5.2           MACROECONOMIC OUTLOOK  50

5.2.1        INTRODUCTION              50

5.2.2        GDP TRENDS AND FORECAST   50

5.2.3        INFLATION RATE ACROSS VARIOUS REGIONS, 2024                 51

5.2.4        MANUFACTURING VALUE ADDED (% OF GDP) 52

5.2.5        TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY  53

5.2.6        TRENDS IN GLOBAL TRANSPORTATION INDUSTRY                 53

5.3           VALUE CHAIN ANALYSIS               53

5.4           ECOSYSTEM ANALYSIS  55

5.5           PRICING ANALYSIS          57

5.5.1        AVERAGE SELLING PRICE TREND OF INDUCTION HEATING SYSTEMS,

BY POWER RATING, 2022–2024    57

5.5.2        AVERAGE SELLING PRICE TREND OF INDUCTION HEATING SYSTEMS,

BY REGION, 2022–2024    58

5.6           TRADE ANALYSIS             59

5.6.1        EXPORT SCENARIO (HS CODE 851440)    59

5.6.2        IMPORT SCENARIO (HS CODE 851440)    60

5.7           KEY CONFERENCES AND EVENTS, 2025–2026        61

5.8           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            62

5.9           INVESTMENT AND FUNDING SCENARIO               63

5.10         CASE STUDY ANALYSIS 64

5.10.1      USE OF INDUCTION HEATING SOLUTION TO IMPROVE OPERATIONAL EFFICIENCY        64

5.10.2      ADOPTION OF HIGH-POWER INDUCTION DRYER TO ENHANCE COATING

LINE SPEED AND UNIFORMITY 64

5.10.3      DEPLOYMENT OF HIGH-THROUGHPUT INDUCTION SYSTEMS TO IMPROVE METALLURGICAL PERFORMANCE AND PRODUCTIVITY                65

5.11         IMPACT OF 2025 US TARIFF ON INDUCTION HEATING MARKET               65

5.11.1      INTRODUCTION              65

5.11.2      KEY TARIFF RATES          66

5.11.3      PRICE IMPACT ANALYSIS             67

5.11.4      IMPACT ON COUNTRIES/REGIONS         67

5.11.4.1  US           67

5.11.4.2  Europe   68

5.11.4.3  Asia Pacific            69

5.11.5      IMPACT ON END-USE INDUSTRIES          69

6               TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 72

6.1           KEY TECHNOLOGIES     72

6.1.1        SILICON CARBIDE AND GALLIUM NITRIDE SEMICONDUCTORS        72

6.1.2        DIGITAL TWIN AND PREDICTIVE CONTROL SYSTEMS                 72

6.2           COMPLEMENTARY TECHNOLOGIES       73

6.2.1        SYSTEMS SMART FACTORY AND INDUSTRIAL IOT INTEGRATION  73

6.3           TECHNOLOGY ROADMAP            73

6.4           PATENT ANALYSIS          73

6.5           FUTURE APPLICATIONS               76

6.6           IMPACT OF AI/GEN AI ON INDUCTION HEATING MARKET               77

6.6.1        TOP USE CASES AND MARKET POTENTIAL          77

6.6.2        BEST PRACTICES FOLLOWED BY MANUFACTURERS IN INDUCTION HEATING MARKET                78

6.6.3        IMPACT OF AI/GEN AI ON END-USE INDUSTRIES                 78

6.6.4        IMPACT OF AI ON INDUCTION HEATING MARKET, BY REGION                79

6.6.5        CASE STUDIES OF AI IMPLEMENTATION IN INDUSTRIAL  HEATING MARKET          80

6.6.6        INTERCONNECTED/ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS  80

6.6.7        CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN INDUSTRIAL HEATING MARKET                80

7               REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES       81

7.1           REGIONAL REGULATIONS AND COMPLIANCE   81

7.1.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             81

7.1.2        INDUSTRY STANDARDS                83

7.1.2.1    CODES AND REGULATIONS related to induction heating                 83

7.2           SUSTAINABILITY INITIATIVES   84

7.2.1        INTRODUCTION              84

7.2.2        SUSTAINABILITY INITIATIVES   85

7.2.3        IMPACT OF REGULATORY POLICIES ON SUSTAINABILITY INITIATIVES   85

8               CUSTOMER LANDSCAPE AND BUYER BEHAVIOR                 86

8.1           INTRODUCTION              86

8.2           DECISION-MAKING PROCESS     86

8.3           KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA       87

8.3.1        KEY STAKEHOLDERS IN BUYING PROCESS           87

8.3.2        BUYING CRITERIA           88

8.4           ADOPTION BARRIERS AND INTERNAL CHALLENGES                 88

8.5           UNMET NEEDS OF VARIOUS END-USE INDUSTRIES                 89

8.6           MARKET PROFITABILITY             89

9               INDUCTION HEATING MARKET, BY POWER RATING                 90

9.1           INTRODUCTION              91

9.2           LESS THAN 10 KW            92

9.2.1        STRINGENT WORKPLACE SAFETY GUIDELINES TO BOOST DEMAND             92

9.3           10–100 KW            93

9.3.1        GOVERNMENT-BACKED INDUSTRIAL MODERNIZATION PROGRAMS TO ACCELERATE ADOPTION                 93

9.4           ABOVE 100 KW  94

9.4.1        RISING GOVERNMENT ENVIRONMENTAL REGULATIONS TO DRIVE MARKET          94

10            INDUCTION HEATING MARKET, BY FREQUENCY                 96

10.1         INTRODUCTION              97

10.2         LOW      98

10.2.1      TRANSITION TO CLEAN, EFFICIENT ELECTRIC HEATING TECHNOLOGIES TO FUEL SEGMENTAL GROWTH                 98

10.3         MEDIUM              99

10.3.1      GOVERNMENT-BACKED INDUSTRIAL ELECTRIFICATION INITIATIVES TO STIMULATE DEMAND                 99

10.4         HIGH     100

10.4.1      SMART MANUFACTURING INITIATIVES TO CONTRIBUTE TO MARKET GROWTH      100

11            INDUCTION HEATING MARKET, BY APPLICATION                 102

11.1         INTRODUCTION              103

11.2         METAL MELTING             104

11.2.1      GOVERNMENT-BACKED INDUSTRIAL DECARBONIZATION EFFORTS TO ACCELERATE DEMAND                 104

11.3         ANNEALING       105

11.3.1      FOCUS OF INDUSTRIES ON ENERGY-EFFICIENT, LOW-EMISSION, AND PRECISION-CONTROLLED THERMAL PROCESSING TO FUEL DEMAND              105

11.4         HEAT TREATING              106

11.4.1      STRINGENT EMISSION REGULATIONS AND TRANSITION TO ELECTRIFIED INDUSTRIAL HEATING TO PROPEL MARKET             106

11.5         BRAZING AND SOLDERING         108

11.5.1      RISING DEMAND FOR SPECIALTY ALLOY COMPONENTS WITH SUPERIOR JOINT INTEGRITY TO SUPPORT MARKET GROWTH             108

11.6         SURFACE HARDENING  109

11.6.1      PRESSING NEED TO CUT PARTICULATE AND NOX EMISSIONS IN LARGE MANUFACTURING FACILITIES TO DRIVE MARKET               109

12            INDUCTION HEATING MARKET, BY END-USE INDUSTRY                 111

12.1         INTRODUCTION              112

12.2         METALS                113

12.2.1      STRATEGIC SHIFT TOWARD ENERGY-EFFICIENT AND LOW-EMISSION PROCESSES TO FUEL DEMAND 113

12.3         INDUSTRIAL MANUFACTURING                115

12.3.1      GOVERNMENT INCENTIVES TO REDUCE CARBON EMISSIONS DURING INDUSTRIAL PROCESSES TO ACCELERATE ADOPTION         115

12.4         AUTOMOTIVE   116

12.4.1      GROWING FOCUS ON EXPANDING EV INFRASTRUCTURE TO DRIVE MARKET  116

12.5         PLASTIC PROCESSING   118

12.5.1      RISING PUSH TOWARD ELECTRIFICATION AND PRECISION IN THERMAL MANAGEMENT TO FUEL MARKET GROWTH             118

12.6         ELECTRONICS & SEMICONDUCTORS     120

12.6.1      INTEGRATION OF HIGH-PRECISION THERMAL PROCESSES INTO HIGH-TECH MANUFACTURING TO FOSTER MARKET GROWTH          120

12.7         CONSUMER APPLIANCES             121

12.7.1      RISING SHIFT TOWARD EFFICIENT, SAFE, AND SMART TECHNOLOGIES TO FUEL MARKET GROWTH    121

12.8         MEDICAL DEVICES          123

12.8.1      SHIFT TOWARD ENERGY-EFFICIENT THERMAL PROCESSING WHILE MANUFACTURING MEDICAL DEVICES TO DRIVE MARKET 123

13            INDUCTION HEATING MARKET, BY REGION       125

13.1         INTRODUCTION              126

13.2         NORTH AMERICA             128

13.2.1      US           133

13.2.1.1  Strict energy efficiency and emission regulations to boost demand                 133

13.2.2      CANADA               134

13.2.2.1  High investments in green supply chains and smart factories to support market growth        134

13.3         EUROPE               136

13.3.1      GERMANY           139

13.3.1.1  Growing reliance on renewable energy sources to fuel market growth    139

13.3.2      ITALY    140

13.3.2.1  Green Deal and REPowerEU initiatives to contribute to market growth    140

13.3.3      SPAIN    142

13.3.3.1  Rapid transition from gas-based furnaces to high-efficiency induction systems to propel market   142

13.3.4      UK          143

13.3.4.1  Concentration of high-performance industrial hubs to create growth opportunities            143

13.3.5      FRANCE                145

13.3.5.1  Industrial decarbonization grants and R&D incentives to stimulate demand 145

13.3.6      REST OF EUROPE             147

13.4         ASIA PACIFIC     149

13.4.1      CHINA  154

13.4.1.1  Booming steel industry to fuel market growth 154

13.4.2      JAPAN   155

13.4.2.1  Strong industrial base and greater emphasis on precision manufacturing to fuel market growth                155

13.4.3      INDIA    156

13.4.3.1  Large-scale rail infrastructure modernization projects to create lucrative opportunities         156

13.4.4      AUSTRALIA         158

13.4.4.1  Investment in mining, renewable energy, and infrastructure modernization programs to foster market growth           158

13.4.5      REST OF ASIA PACIFIC   159

13.5         MIDDLE EAST & AFRICA                160

13.5.1      GCC       164

13.5.1.1  Saudi Arabia          164

13.5.1.1.1                Growing number of infrastructure megaprojects to fuel market growth       164

13.5.1.2  UAE        166

13.5.1.2.1                Large-scale infrastructure, renewable energy, and logistics projects to boost demand     166

13.5.1.3  Rest of GCC          167

13.5.2      SOUTH AFRICA 168

13.5.2.1  Rising need to reduce operating costs and energy consumption to fuel market growth                168

13.5.3      REST OF MIDDLE EAST & AFRICA             170

13.6         LATIN AMERICA                171

13.6.1      BRAZIL 175

13.6.1.1  Emphasis on modernizing fabrication workflows to boost demand                 175

13.6.2      ARGENTINA       176

13.6.2.1  Expanding metalworking and manufacturing base to drive market                 176

13.6.3      MEXICO                177

13.6.3.1  Automotive sector to contribute to market growth         177

13.6.4      REST OF LATIN AMERICA             178

14            COMPETITIVE LANDSCAPE         181

14.1         OVERVIEW          181

14.2         KEY PLAYER COMPETITIVE STRATEGIES/RIGHT TO WIN,  2021–2025                181

14.3         MARKET SHARE ANALYSIS, 2024                 182

14.4         REVENUE ANALYSIS, 2020–2024  185

14.5         BRAND/PRODUCT COMPARISON             186

14.5.1      INDUCTOTHERM GROUP (US)  186

14.5.2      PARK-OHIO HOLDINGS CORP. (US)         187

14.5.3      ENRX (NORWAY)              187

14.5.4      INTERPOWER INDUCTION (US)                 187

14.5.5      INTEST CORPORATION (US)      187

14.6         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 188

14.6.1      STARS   188

14.6.2      EMERGING LEADERS     188

14.6.3      PERVASIVE PLAYERS      188

14.6.4      PARTICIPANTS 188

14.6.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         190

14.6.5.1  Company footprint               190

14.6.5.2  Region footprint   191

14.6.5.3  Power rating footprint         192

14.6.5.4  Frequency footprint              193

14.6.5.5  End-use industry footprint 194

14.7         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        195

14.7.1      PROGRESSIVE COMPANIES         195

14.7.2      RESPONSIVE COMPANIES            195

14.7.3      DYNAMIC COMPANIES  195

14.7.4      STARTING BLOCKS         195

14.7.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 197

14.7.5.1  Detailed list of key startups/SMEs    197

14.7.5.2  Competitive benchmarking of key startups/SMEs          197

14.8         COMPETITIVE SCENARIO             198

14.8.1      PRODUCT LAUNCHES   198

14.8.2      DEALS  199

14.8.3      EXPANSIONS     200

15            COMPANY PROFILES      201

15.1         KEY PLAYERS     201

15.1.1      INTERPOWER INDUCTION          201

15.1.1.1  Business overview 201

15.1.1.2  Products/Solutions/Services offered 202

15.1.1.3  MnM view              202

15.1.1.3.1                Key strategies/Right to win                 202

15.1.1.3.2                Strategic choices   203

15.1.1.3.3                Weaknesses/Competitive threats       203

15.1.2      ENRX     204

15.1.2.1  Business overview 204

15.1.2.2  Products/Solutions/Services offered 204

15.1.2.3  Recent developments           205

15.1.2.3.1                Deals      205

15.1.2.4  MnM view              205

15.1.2.4.1                Key strategies/Right to win                 205

15.1.2.4.2                Strategic choices   206

15.1.2.4.3                Weaknesses/Competitive threats       206

15.1.3      INTEST CORPORATION 207

15.1.3.1  Business overview 207

15.1.3.2  Products/Solutions/Services offered 208

15.1.3.3  Recent developments           209

15.1.3.3.1                Product launches  209

15.1.3.3.2                Expansions             210

15.1.3.4  MnM view              210

15.1.3.4.1                Key strategies/Right to win                 210

15.1.3.4.2                Strategic choices   210

15.1.3.4.3                Weaknesses/Competitive threats       211

15.1.4      INDUCTOTHERM GROUP             212

15.1.4.1  Business overview 212

15.1.4.2  Products/Solutions/Services offered 212

15.1.4.3  Recent developments           213

15.1.4.3.1                Expansions             213

15.1.4.4  MnM view              213

15.1.4.4.1                Key strategies/Right to win                 213

15.1.4.4.2                Strategic choices   213

15.1.4.4.3                Weaknesses/Competitive threats       214

15.1.5      PARK-OHIO HOLDINGS CORP.  215

15.1.5.1  Business overview 215

15.1.5.2  Products/Solutions/Services offered 216

15.1.5.3  MnM view              217

15.1.5.3.1                Key strategies/Right to win                 217

15.1.5.3.2                Strategic choices   217

15.1.5.3.3                Weaknesses/Competitive threats       217

15.1.6      THERMO INTERNATIONAL         218

15.1.6.1  Business overview 218

15.1.6.2  Products/Solutions/Services offered 218

15.1.6.3  Recent developments           219

15.1.6.3.1                Product launches  219

15.1.7      HAMMOND POWER SOLUTIONS               220

15.1.7.1  Business overview 220

15.1.7.2  Products/Solutions/Services offered 221

15.1.7.3  Recent developments           222

15.1.7.3.1                Deals      222

15.1.8      SPC ELECTRONICS CORPORATION          223

15.1.8.1  Business overview 223

15.1.8.2  Products/Solutions/Services offered 223

15.1.9      INDUCTION INNOVATIONS        224

15.1.9.1  Business overview 224

15.1.9.2  Products/Solutions/Services offered 224

15.1.10   RDO INDUCTION, INC.  225

15.1.10.1                 Business overview 225

15.1.10.2                 Products/Solutions/Services offered 225

15.1.11   ULTRAFLEX POWER TECHNOLOGIES    226

15.1.11.1                 Business overview 226

15.1.11.2                 Products/Solutions/Services offered 226

15.1.12   ELDEC INDUCTION GMBH          228

15.1.12.1                 Business overview 228

15.1.12.2                 Products/Solutions/Services offered 229

15.1.13   DAI-ICHI KIDEN CO., LTD.           230

15.1.13.1                 Business overview 230

15.1.13.2                 Products/Solutions/Services offered 230

15.1.14   DAOBRIGHT      231

15.1.14.1                 Business overview 231

15.1.14.2                 Products/Solutions/Services offered 231

15.1.15   TRUMPF               232

15.1.15.1                 Business overview 232

15.1.15.2                 Products/Solutions/Services offered 233

15.2         OTHER PLAYERS              234

15.2.1      MAGNEFORCE INC.         234

15.2.2      SHENZHEN DOUBLE-POWER TECHNOLOGY CO., LTD.                 234

15.2.3      NIPPON AVIONICS CO., LTD.      235

15.2.4      ELECTROTHERM              235

15.2.5      CHENGDU JINKEZHI ELECTRONIC CO., LTD.      236

15.2.6      HF ENERGY AB  236

15.2.7      UCHINO CO., LTD.           236

15.2.8      AGNI INDUCTION TECHNOLOGIES         237

15.2.9      ELECTROHEAT INDUCTION       237

15.2.10   SUZHOU HONGCHUANG HIGH FREQUENCY HEATING  EQUIPMENT CO., LTD.  238

16            RESEARCH METHODOLOGY       239

16.1         RESEARCH DATA              239

16.2         SECONDARY AND PRIMARY RESEARCH 240

16.2.1      SECONDARY DATA          240

16.2.1.1  List of key secondary sources              240

16.2.1.2  Key data from secondary sources       240

16.2.2      PRIMARY DATA 241

16.2.2.1  List of primary interview participants               241

16.2.2.2  Key industry insights           241

16.2.2.3  Breakdown of primaries      242

16.2.2.4  Key data from primary sources           242

16.3         MARKET SIZE ESTIMATION METHODOLOGY     243

16.3.1      BOTTOM-UP APPROACH              243

16.3.2      TOP-DOWN APPROACH                245

16.3.3      DEMAND-SIDE ANALYSIS             245

16.3.3.1  Demand-side assumptions 246

16.3.3.2  Demand-side calculations   246

16.3.4      SUPPLY-SIDE ANALYSIS                 247

16.3.4.1  Supply-side assumptions     248

16.3.4.2  Supply-side calculations      248

16.4         GROWTH FORECAST      249

16.5         DATA TRIANGULATION                250

16.6         RESEARCH LIMITATIONS             251

16.7         RISK ANALYSIS  251

17            APPENDIX           252

17.1         DISCUSSION GUIDE        252

17.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                256

17.3         CUSTOMIZATION OPTIONS        258

17.4         RELATED REPORTS         258

17.5         AUTHOR DETAILS           259

LIST OF TABLES

TABLE 1                INDUCTION HEATING MARKET: INCLUSIONS AND EXCLUSIONS           25

TABLE 2                REGION-WISE HISTORICAL AND FORECAST DATA ON T&D INFRASTRUCTURE EXPANSION, 2014–2035                 42

TABLE 3                PORTER’S FIVE FORCES ANALYSIS           48

TABLE 4                WORLDWIDE GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)           50

TABLE 5               INFLATION RATE, AVERAGE CONSUMER PRICES, ANNUAL PERCENT

CHANGE (2024) 51

TABLE 6                MANUFACTURING, VALUE ADDED (% OF GDP), BY COUNTRY, 2023           52

TABLE 7                ROLE OF COMPANIES IN INDUCTION HEATING ECOSYSTEM       56

TABLE 8                AVERAGE SELLING PRICE TREND OF INDUCTION HEATING SYSTEMS,

BY POWER RATING, 2022–2024 (USD/UNIT)          57

TABLE 9                AVERAGE SELLING PRICE TREND OF INDUCTION HEATING SYSTEMS,

BY REGION,  2022–2024 (USD/UNIT)       58

TABLE 10              EXPORT DATA FOR HS CODE 851440-COMPLIANT PRODUCTS,

BY COUNTRY,  2021–2024 (USD THOUSAND)     59

TABLE 11              IMPORT DATA FOR HS CODE 851440, BY COUNTRY,

2021–2024 (USD THOUSAND)      60

TABLE 12              KEY CONFERENCES AND EVENTS, 2025–2026                 61

TABLE 13              ACCELERATING HEAT TREATMENT WITH INDUCTION TECHNOLOGY FOR HIGH-PRECISION ANNEALING                 64

TABLE 14              TRANSFORMING LINE PRODUCTIVITY WITH RAPID, UNIFORM INDUCTION HEATING               64

TABLE 15              ENHANCING API-GRADE TUBE QUALITY THROUGH PRECISION INDUCTION HEAT TREATMENT                 65

TABLE 16              US-ADJUSTED RECIPROCAL TARIFF RATES, 2024 (USD BILLION) 66

TABLE 17              EXPECTED CHANGE IN PRICE AND IMPACT ON END-USE MARKET DUE TO TARIFFS       67

TABLE 18              LIST OF KEY PATENTS RELATED TO INDUCTION HEATING TECHNOLOGY,

2020–2025              74

TABLE 19              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  81

TABLE 20              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  81

TABLE 21              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  82

TABLE 22              ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  82

TABLE 23              GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 83

TABLE 24              INDUCTION HEATING MARKET: CODES AND REGULATIONS  83

TABLE 25              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FREQUENCY SEGMENT   87

TABLE 26              KEY BUYING CRITERIA FOR FREQUENCY SEGMENT            88

TABLE 27              INDUCTION HEATING MARKET, BY POWER RATING, 2021–2024 (USD MILLION)          91

TABLE 28              INDUCTION HEATING MARKET, BY POWER RATING, 2025–2030 (USD MILLION)          91

TABLE 29              LESS THAN 10 KW: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            92

TABLE 30              LESS THAN 10 KW: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            93

TABLE 31              10–100 KW: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            94

TABLE 32              10–100 KW: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            94

TABLE 33              ABOVE 100 KW: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            95

TABLE 34              ABOVE 100 KW: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            95

TABLE 35              INDUCTION HEATING MARKET, BY FREQUENCY, 2021–2024 (USD MILLION) 97

TABLE 36              INDUCTION HEATING MARKET, BY FREQUENCY, 2025–2030 (USD MILLION) 98

TABLE 37              LOW: INDUCTION HEATING MARKET, BY REGION, 2021–2024 (USD MILLION)          98

TABLE 38              LOW: INDUCTION HEATING MARKET, BY REGION, 2025–2030 (USD MILLION)          99

TABLE 39              MEDIUM: INDUCTION HEATING MARKET, BY REGION, 2021–2024 (USD MILLION)          100

TABLE 40              MEDIUM: INDUCTION HEATING MARKET, BY REGION, 2025–2030 (USD MILLION)          100

TABLE 41              HIGH: INDUCTION HEATING MARKET, BY REGION, 2021–2024 (USD MILLION)          101

TABLE 42              HIGH: INDUCTION HEATING MARKET, BY REGION, 2025–2030 (USD MILLION)          101

TABLE 43              INDUCTION HEATING MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              103

TABLE 44              INDUCTION HEATING MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              104

TABLE 45              METAL MELTING: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            105

TABLE 46              METAL MELTING: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            105

TABLE 47              ANNEALING: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            106

TABLE 48              ANNEALING: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            106

TABLE 49              HEAT TREATING: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            107

TABLE 50              HEAT TREATING: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            107

TABLE 51              BRAZING AND SOLDERING: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            108

TABLE 52              BRAZING AND SOLDERING: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            109

TABLE 53              SURFACE HARDENING: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            110

TABLE 54              SURFACE HARDENING: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            110

TABLE 55              INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            113

TABLE 56              INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            113

TABLE 57              METALS: INDUCTION HEATING MARKET, BY REGION, 2021–2024 (USD MILLION)          114

TABLE 58              METALS: INDUCTION HEATING MARKET, BY REGION, 2025–2030 (USD MILLION)          115

TABLE 59              INDUSTRIAL MANUFACTURING: INDUCTION HEATING MARKET,

BY REGION,  2021–2024 (USD MILLION)                 116

TABLE 60              INDUSTRIAL MANUFACTURING: INDUCTION HEATING MARKET,

BY REGION,  2025–2030 (USD MILLION)                 116

TABLE 61              AUTOMOTIVE: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            117

TABLE 62              AUTOMOTIVE: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)          118

TABLE 63              PLASTIC PROCESSING: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            119

TABLE 64              PLASTIC PROCESSING: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            119

TABLE 65              ELECTRONICS & SEMICONDUCTORS: INDUCTION HEATING MARKET, BY REGION,  2021–2024 (USD MILLION)            121

TABLE 66              ELECTRONICS & SEMICONDUCTORS: INDUCTION HEATING MARKET, BY REGION,  2025–2030 (USD MILLION)            121

TABLE 67              CONSUMER APPLIANCES: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            122

TABLE 68              CONSUMER APPLIANCES: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            122

TABLE 69              MEDICAL DEVICES: INDUCTION HEATING MARKET, BY REGION,

2021–2024 (USD MILLION)            123

TABLE 70              MEDICAL DEVICES: INDUCTION HEATING MARKET, BY REGION,

2025–2030 (USD MILLION)            124

TABLE 71              INDUCTION HEATING MARKET, BY REGION, 2021–2024 (USD MILLION)            127

TABLE 72              INDUCTION HEATING MARKET, BY REGION, 2025–2030 (USD MILLION)            127

TABLE 73              INDUCTION HEATING MARKET, BY REGION, 2021–2024 (UNITS)            128

TABLE 74              INDUCTION HEATING MARKET, BY REGION, 2025–2030 (UNITS)            128

TABLE 75              NORTH AMERICA: INDUCTION HEATING MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            130

TABLE 76              NORTH AMERICA: INDUCTION HEATING MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            130

TABLE 77              NORTH AMERICA: INDUCTION HEATING MARKET, BY FREQUENCY,

2021–2024 (USD MILLION)            130

TABLE 78              NORTH AMERICA: INDUCTION HEATING MARKET, BY FREQUENCY,

2025–2030 (USD MILLION)            130

TABLE 79              NORTH AMERICA: INDUCTION HEATING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            131

TABLE 80              NORTH AMERICA: INDUCTION HEATING, BY APPLICATION,

2025–2030 (USD MILLION)            131

TABLE 81              NORTH AMERICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            132

TABLE 82              NORTH AMERICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            132

TABLE 83              NORTH AMERICA: INDUCTION HEATING MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            132

TABLE 84              NORTH AMERICA: INDUCTION HEATING MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            133

TABLE 85              US: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            134

TABLE 86              US: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            134

TABLE 87              CANADA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            135

TABLE 88              CANADA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            135

TABLE 89              EUROPE: INDUCTION HEATING MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            136

TABLE 90              EUROPE: INDUCTION HEATING MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            136

TABLE 91              EUROPE: INDUCTION HEATING MARKET, BY FREQUENCY,

2021–2024 (USD MILLION)            137

TABLE 92              EUROPE: INDUCTION HEATING MARKET, BY FREQUENCY,

2025–2030 (USD MILLION)            137

TABLE 93              EUROPE: INDUCTION HEATING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            137

TABLE 94              EUROPE: INDUCTION HEATING, BY APPLICATION, 2025–2030 (USD MILLION)              137

TABLE 95              EUROPE: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            138

TABLE 96              EUROPE: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            138

TABLE 97              EUROPE: INDUCTION HEATING MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     138

TABLE 98              EUROPE: INDUCTION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            139

TABLE 99              GERMANY: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            140

TABLE 100            GERMANY: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            140

TABLE 101            ITALY: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            141

TABLE 102            ITALY: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            141

TABLE 103            SPAIN: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            143

TABLE 104            SPAIN: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            143

TABLE 105            UK: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            144

TABLE 106            UK: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            145

TABLE 107            FRANCE: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            146

TABLE 108            FRANCE: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            147

TABLE 109            REST OF EUROPE: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            148

TABLE 110            REST OF EUROPE: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            148

TABLE 111            ASIA PACIFIC: INDUCTION HEATING MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            150

TABLE 112            ASIA PACIFIC: INDUCTION HEATING MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            150

TABLE 113            ASIA PACIFIC: INDUCTION HEATING MARKET, BY FREQUENCY,

2021–2024 (USD MILLION)            151

TABLE 114            ASIA PACIFIC: INDUCTION HEATING MARKET, BY FREQUENCY,

2025–2030 (USD MILLION)            151

TABLE 115            ASIA PACIFIC: INDUCTION HEATING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            151

TABLE 116            ASIA PACIFIC: INDUCTION HEATING, BY APPLICATION, 2025–2030 (USD MILLION)              152

TABLE 117            ASIA PACIFIC: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            152

TABLE 118            ASIA PACIFIC: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            153

TABLE 119            ASIA PACIFIC: INDUCTION HEATING MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            153

TABLE 120            ASIA PACIFIC: INDUCTION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     153

TABLE 121            CHINA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            154

TABLE 122            CHINA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            155

TABLE 123            JAPAN: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            156

TABLE 124            JAPAN: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            156

TABLE 125            INDIA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            157

TABLE 126            INDIA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            157

TABLE 127            AUSTRALIA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            158

TABLE 128            AUSTRALIA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            159

TABLE 129            REST OF ASIA PACIFIC: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 159

TABLE 130            REST OF ASIA PACIFIC: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 160

TABLE 131            MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY POWER RATING,  2021–2024 (USD MILLION)                 161

TABLE 132            MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY POWER RATING,  2025–2030 (USD MILLION)                 161

TABLE 133            MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY FREQUENCY,

2021–2024 (USD MILLION)            161

TABLE 134            MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY FREQUENCY,

2025–2030 (USD MILLION)            161

TABLE 135            MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            162

TABLE 136            MIDDLE EAST & AFRICA: INDUCTION HEATING, BY APPLICATION,

2025–2030 (USD MILLION)            162

TABLE 137            MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 162

TABLE 138            MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 163

TABLE 139            MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            163

TABLE 140            MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            163

TABLE 141            GCC: INDUCTION HEATING MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     164

TABLE 142            GCC: INDUCTION HEATING MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     164

TABLE 143            SAUDI ARABIA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            165

TABLE 144            SAUDI ARABIA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            165

TABLE 145            UAE: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            166

TABLE 146            UAE: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            167

TABLE 147            REST OF GCC: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)          168

TABLE 148            REST OF GCC: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            168

TABLE 149          SOUTH AFRICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            169

TABLE 150          SOUTH AFRICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            169

TABLE 151            REST OF MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)            170

TABLE 152            REST OF MIDDLE EAST & AFRICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            171

TABLE 153            LATIN AMERICA: INDUCTION HEATING MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            172

TABLE 154            LATIN AMERICA: INDUCTION HEATING MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            172

TABLE 155            LATIN AMERICA: INDUCTION HEATING MARKET, BY FREQUENCY,

2021–2024 (USD MILLION)            172

TABLE 156            LATIN AMERICA: INDUCTION HEATING MARKET, BY FREQUENCY,

2025–2030 (USD MILLION)            172

TABLE 157            LATIN AMERICA: INDUCTION HEATING MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            173

TABLE 158            LATIN AMERICA: INDUCTION HEATING, BY APPLICATION,

2025–2030 (USD MILLION)            173

TABLE 159            LATIN AMERICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            173

TABLE 160            LATIN AMERICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            174

TABLE 161            LATIN AMERICA: INDUCTION HEATING MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            174

TABLE 162            LATIN AMERICA: INDUCTION HEATING MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            174

TABLE 163            BRAZIL: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            175

TABLE 164            BRAZIL: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            176

TABLE 165            ARGENTINA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            177

TABLE 166            ARGENTINA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            177

TABLE 167            MEXICO: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            178

TABLE 168            MEXICO: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            178

TABLE 169            REST OF LATIN AMERICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)            180

TABLE 170            REST OF LATIN AMERICA: INDUCTION HEATING MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)            180

TABLE 171            OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS,

JANUARY 2021–AUGUST 2025       181

TABLE 172            INDUCTION HEATING MARKET: DEGREE OF COMPETITION 183

TABLE 173            INDUCTION HEATING MARKET: REGION FOOTPRINT       191

TABLE 174            INDUCTION HEATING MARKET: POWER RATING FOOTPRINT      192

TABLE 175            INDUCTION HEATING MARKET: FREQUENCY FOOTPRINT       193

TABLE 176            INDUCTION HEATING MARKET: END-USE INDUSTRY FOOTPRINT 194

TABLE 177            INDUCTION HEATING MARKET: LIST OF KEY STARTUPS/SMES              197

TABLE 178            INDUCTION HEATING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          197

TABLE 179            INDUCTION HEATING MARKET: PRODUCT LAUNCHES, JANUARY 2021–

AUGUST 2025     198

TABLE 180            INDUCTION HEATING MARKET: DEALS, JANUARY 2021–AUGUST 2025       199

TABLE 181            INDUCTION HEATING MARKET: EXPANSIONS, JANUARY 2021–AUGUST 2025       200

TABLE 182            INTERPOWER INDUCTION: COMPANY OVERVIEW          201

TABLE 183            INTERPOWER INDUCTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    202

TABLE 184            ENRX: COMPANY OVERVIEW      204

TABLE 185            ENRX: PRODUCTS/SOLUTIONS/SERVICES OFFERED             204

TABLE 186            ENRX: DEALS     205

TABLE 187            INTEST CORPORATION: COMPANY OVERVIEW                 207

TABLE 188            INTEST CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    208

TABLE 189            INTEST CORPORATION: PRODUCT LAUNCHES                 209

TABLE 190            INTEST CORPORATION: EXPANSIONS   210

TABLE 191            INDUCTOTHERM GROUP: COMPANY OVERVIEW          212

TABLE 192            INDUCTOTHERM GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    212

TABLE 193            INDUCTOTHERM GROUP: EXPANSIONS                 213

TABLE 194            PARK-OHIO HOLDINGS CORP.: COMPANY OVERVIEW          215

TABLE 195            PARK-OHIO HOLDINGS CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    216

TABLE 196            THERMO INTERNATIONAL: COMPANY OVERVIEW          218

TABLE 197            THERMO INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    218

TABLE 198            THERMO INTERNATIONAL: PRODUCT LAUNCHES          219

TABLE 199            HAMMOND POWER SOLUTIONS: COMPANY OVERVIEW          220

TABLE 200            HAMMOND POWER SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    221

TABLE 201            HAMMOND POWER SOLUTIONS: DEALS                 222

TABLE 202            SPC ELECTRONICS CORPORATION: COMPANY OVERVIEW          223

TABLE 203            SPC ELECTRONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    223

TABLE 204            INDUCTION INNOVATIONS: COMPANY OVERVIEW          224

TABLE 205            INDUCTION INNOVATIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    224

TABLE 206            RDO INDUCTION, INC.: COMPANY OVERVIEW                 225

TABLE 207            RDO INDUCTION, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    225

TABLE 208            ULTRAFLEX POWER TECHNOLOGIES: COMPANY OVERVIEW   226

TABLE 209            ULTRAFLEX POWER TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    226

TABLE 210            ELDEC INDUCTION GMBH: COMPANY OVERVIEW          228

TABLE 211            ELDEC INDUCTION GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    229

TABLE 212            DAI-ICHI KIDEN CO., LTD.: COMPANY OVERVIEW          230

TABLE 213            DAI-ICHI KIDEN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    230

TABLE 214            DAOBRIGHT: COMPANY OVERVIEW       231

TABLE 215            DAOBRIGHT: PRODUCTS/SOLUTIONS/SERVICES OFFERED    231

TABLE 216            TRUMPF: COMPANY OVERVIEW                232

TABLE 217            TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED             233

TABLE 218            LIST OF PRIMARY INTERVIEW PARTICIPANTS                 241

TABLE 219            DATA OBTAINED FROM PRIMARY SOURCES                 242

LIST OF FIGURES

FIGURE 1              INDUCTION HEATING MARKET SEGMENTATION AND REGIONAL SCOPE              25

FIGURE 2              DURATION COVERED   26

FIGURE 3              MARKET SCENARIO        29

FIGURE 4              GLOBAL INDUCTION HEATING MARKET, 2021–2030        29

FIGURE 5              MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN INDUCTION HEATING MARKET, 2021–2025     30

FIGURE 6              DISRUPTIONS INFLUENCING INDUCTION HEATING MARKET GROWTH     31

FIGURE 7              HIGH-GROWTH SEGMENTS IN INDUCTION HEATING MARKET, 2025–2030     32

FIGURE 8              ASIA PACIFIC TO REGISTER HIGHEST CAGR IN INDUCTION HEATING MARKET DURING FORECAST PERIOD                 33

FIGURE 9              SIGNIFICANT INVESTMENTS IN ADVANCED MANUFACTURING TO DRIVE MARKET  34

FIGURE 10            10–100 KW SEGMENT TO DOMINATE MARKET IN 2030        34

FIGURE 11            METALS SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2030 35

FIGURE 12            MEDIUM-FREQUENCY INDUCTION HEATING SYSTEMS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030                 35

FIGURE 13            METALS AND CHINA TO HOLD LARGEST SHARE OF ASIA PACIFIC INDUCTION HEATING MARKET IN 2030                 36

FIGURE 14            ASIA PACIFIC TO HOLD LARGEST SHARE OF GLOBAL INDUCTION HEATING

MARKET IN 2030                37

FIGURE 15            INDUCTION HEATING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          38

FIGURE 16            EXPORT DATA FOR MEDIUM- AND HIGH-TECHNOLOGY MANUFACTURED GOODS, 2021–2024        39

FIGURE 17            IMPORT DATA FOR MEDIUM- AND HIGH-TECHNOLOGY MANUFACTURED GOODS, 2021–2024        40

FIGURE 18            CO2 EMISSIONS FROM ENERGY COMBUSTION AND INDUSTRIAL

PROCESSES, 2000–2024    41

FIGURE 19            ELECTRIC CAR STOCK GROWTH, BY TECHNOLOGY, 2021–2023              43

FIGURE 20            PORTER’S FIVE FORCES ANALYSIS           48

FIGURE 21            VALUE CHAIN ANALYSIS               54

FIGURE 22            INDUCTION HEATING ECOSYSTEM ANALYSIS                 56

FIGURE 23            AVERAGE SELLING PRICE TREND OF INDUCTION HEATING SYSTEMS

BASED ON DIFFERENT POWER RATINGS, 2022–2024         57

FIGURE 24            REGION-WISE AVERAGE SELLING PRICE TREND OF INDUCTION HEATING

SYSTEMS, 2022–2024         58

FIGURE 25            EXPORT SCENARIO FOR HS CODE 851440-COMPLIANT PRODUCTS IN

TOP 5 COUNTRIES, 2021–2024     60

FIGURE 26            IMPORT SCENARIO FOR HS CODE 851440-COMPLIANT PRODUCTS IN

TOP 5 COUNTRIES, 2021–2024     61

FIGURE 27            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   62

FIGURE 28            INVESTMENT AND FUNDING SCENARIO, BY COMPANY           63

FIGURE 29            PATENTS APPLIED AND GRANTED, 2015–2024                 74

FIGURE 30            IMPACT OF GENERATIVE AI/AI ON END-USE INDUSTRIES, BY REGION              79

FIGURE 31            DECISION-MAKING PROCESS     86

FIGURE 32            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF INDUCTION HEATING SYSTEMS, BY FREQUENCY                 87

FIGURE 33            KEY BUYING CRITERIA FOR FREQUENCY SEGMENT            88

FIGURE 34            INDUCTION HEATING MARKET SHARE, BY POWER RATING, 2024     91

FIGURE 35            INDUCTION HEATING MARKET SHARE, BY FREQUENCY, 2024            97

FIGURE 36            INDUCTION HEATING MARKET SHARE, BY APPLICATION, 2024         103

FIGURE 37            INDUCTION HEATING MARKET SHARE, BY END-USE INDUSTRY, 2024       112

FIGURE 38            ASIA PACIFIC TO REGISTER HIGHEST CAGR IN INDUCTION HEATING MARKET DURING FORECAST PERIOD                 126

FIGURE 39            INDUCTION HEATING MARKET, BY REGION, 2024        127

FIGURE 40            INDUCTION HEATING MARKET SNAPSHOT IN NORTH AMERICA             129

FIGURE 41            INDUCTION HEATING MARKET SNAPSHOT IN ASIA PACIFIC     150

FIGURE 42            MARKET SHARE ANALYSIS OF COMPANIES OFFERING INDUCTION HEATING SYSTEMS, 2024              183

FIGURE 43            REVENUE ANALYSIS OF KEY PLAYERS IN INDUCTION HEATING MARKET,

2020–2024              185

FIGURE 44            BRAND/PRODUCT COMPARISON ANALYSIS                 186

FIGURE 45            INDUCTION HEATING MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       189

FIGURE 46            INDUCTION HEATING MARKET: COMPANY FOOTPRINT       190

FIGURE 47            INDUCTION HEATING MARKET: COMPANY EVALUATION MATRIX  (STARTUPS/SMES), 2024               196

FIGURE 48            INTEST CORPORATION: COMPANY SNAPSHOT                 208

FIGURE 49            PARK-OHIO HOLDINGS CORP.: COMPANY SNAPSHOT          216

FIGURE 50            HAMMOND POWER SOLUTIONS: COMPANY SNAPSHOT          221

FIGURE 51            TRUMPF: COMPANY SNAPSHOT               233

FIGURE 52            INDUCTION HEATING MARKET: RESEARCH DESIGN                239

FIGURE 53            KEY DATA FROM SECONDARY SOURCES                 240

FIGURE 54            INDUSTRY EXPERT INSIGHTS    241

FIGURE 55            INDUCTION HEATING MARKET: BOTTOM-UP APPROACH         244

FIGURE 56            INDUCTION HEATING MARKET: TOP-DOWN APPROACH         245

FIGURE 57            KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR INDUCTION

HEATING TECHNOLOGY              245

FIGURE 58            KEY METRICS CONSIDERED TO ASSESS SUPPLY OF INDUCTION HEATING SYSTEMS        247

FIGURE 59            INDUCTION HEATING MARKET: SUPPLY-SIDE ANALYSIS            248

FIGURE 60            INDUSTRY CONCENTRATION, 2024          249

FIGURE 61            INDUCTION HEATING MARKET: DATA TRIANGULATION             250

FIGURE 62            INDUCTION HEATING MARKET: RESEARCH LIMITATIONS    251