Induction Heating System Market Share
Segmentation Analysis:
Insights by Product
The Stationary Induction Heating System segment is projected to grow by 4.95% between 2024 to 2033. For tasks including soldering, sealing, and encapsulating, stationary induction heating is used in the manufacture of solar panels. It contributes to dependable connections between solar cells and parts, improving the overall effectiveness and longevity of solar panels. Hydrogen is being investigated as a clean energy carrier by renewable energy technologies more frequently. For effective and secure operations, stationary induction heating is employed in hydrogen production processes including steam methane reforming and water electrolysis.
Insights by End Use
The Power Generation segment is expected to surpass USD 805 million by 2033. Induction heating is employed in thermal power plants for tasks like preheating and stress relief of parts like turbine blades, heat exchangers, and boiler tubes. This keeps the machinery in power plants functioning properly and efficiently. It is additionally used to construct and maintain turbine components in hydropower plants. To preserve the longevity and effectiveness of hydroelectric turbines, it is utilised for processes including brazing, welding, and heat treatment.
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Competitive Landscape:
Major players in the market
- 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)
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