Report overview
Induction heating is the process of heating an electrically conducting object (usually a metal) by electromagnetic induction, through heat generated in the object by eddy currents (also called Foucault currents). An induction heater consists of an electromagnet, and an electronic oscillator that passes a high-frequency alternating current power supply (AC) through the electromagnet. The rapidly alternating magnetic field penetrates the object, generating electric currents inside the conductor called eddy currents. The eddy currents flowing through the resistance of the material heat it by Joule heating. The frequency of current used depends on the object size, material type, coupling (between the work coil and the object to be heated) and the penetration depth.
An important feature of the induction heating process is that the heat is generated inside the object itself, instead of by an external heat source via heat conduction. Thus objects can be heated very rapidly. In addition there need not be any external contact, which can be important where contamination is an issue. Induction heating is used in many industrial processes, such as heat treatment in metallurgy, Czochralski crystal growth and zone refining used in the semiconductor industry, and to meltrefractory metals which require very high temperatures.
This report contains market size and forecasts of Induction Heating Power Supplies in global, including the following market information:
Global Induction Heating Power Supplies Market Revenue, 2018-2023, 2023-2030, ($ millions)
Global Induction Heating Power Supplies Market Sales, 2018-2023, 2023-2030, (K Units)
Global top five Induction Heating Power Supplies companies in 2022 (%)
The global Induction Heating Power Supplies market was valued at million in 2022 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
IF Induction Power Supplies Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Induction Heating Power Supplies include EFD Induction, UltraFlex Power, Ambrell, Amelt Corporation, eldec Induction GmbH, Radyne Corporation, Power Parts Inc, Inductoheat, Inc and Norax Canada Inc, etc. In 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Induction Heating Power Supplies manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Induction Heating Power Supplies Market, by Type, 2018-2023, 2023-2030 ($ Millions) & (K Units)
Global Induction Heating Power Supplies Market Segment Percentages, by Type, 2022 (%)
IF Induction Power Supplies
High Frequency Induction Power Supplies
Ultra High Frequency Induction Power Supplies
Global Induction Heating Power Supplies Market, by Application, 2018-2023, 2023-2030 ($ Millions) & (K Units)
Global Induction Heating Power Supplies Market Segment Percentages, by Application, 2022 (%)
Industrial
Semiconductor
Automotive
Hardware Industry
Others
Global Induction Heating Power Supplies Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions) & (K Units)
Global Induction Heating Power Supplies Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Induction Heating Power Supplies revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Induction Heating Power Supplies revenues share in global market, 2022 (%)
Key companies Induction Heating Power Supplies sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Induction Heating Power Supplies sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
EFD Induction
UltraFlex Power
Ambrell
Amelt Corporation
eldec Induction GmbH
Radyne Corporation
Power Parts Inc
Inductoheat, Inc
Norax Canada Inc
Green Power Co., Ltd
INDUCTOTHERM GROUP
Keegor Group
Dalian Powtran
Shiyan Heatking Induction Technology
Zhengzhou Kechuang
GH INDUCTION
Hangzhou Firstack
IVET S.R.L.
Zhengzhou Huayun
Beijing Sifang Automation
Electrotherm
