Induction Brazing Market

Induction Brazing Market

Growth Factors of Induction Brazing Market

The global induction brazing market size was valued at USD 126.17 million in 2023 and is projected to grow from USD 130.97 million in 2024 to USD 190.66 million by 2032, exhibiting a CAGR of 4.81% during the forecast period of 2024-2032.

The pandemic disrupted the Induction Brazing Market by causing supply chain delays and reducing industrial activity. Lockdowns and restrictions impacted production and material availability, while decreased demand from sectors like automotive and aerospace slowed growth, impeding induction brazing market growth.

The Induction Brazing Market is driven by growing calls for particular and sturdy joints in sectors like automotive and aerospace, technological improvements in performance, and the want for fee-effective joining strategies.

The induction brazing marketplace increasingly focuses on automation and robotics to decorate efficiency and is first-rate. Producers can streamline manufacturing procedures by integrating induction brazing with computerized systems, lessen labor prices, and ensure regular joint excellence, expanding induction brazing market share globally. Automated structures can precisely manage the heating and cooling system, leading to more reliable and repeatable effects. This attention to automation is using innovation and enhancing the general performance of induction brazing packages.

Comprehensive Analysis of Induction Brazing Market

The Induction Brazing Market is segmented using type and quit-user. In phrases of type, automated brazing machines dominate because of their excessive performance, automation, and integration into production strains, while manual machines are valued for their flexibility and adaptability. Regarding give-users, the automobile sector leads the marketplace due to its tremendous use in numerous automobile additives. The aerospace sector also shows a steady boom driven by rising air tour and defense investments, while the HVAC quarter is increasing because of multiplied construction activities and infrastructure improvement.

The Asia Pacific region led the induction brazing market by benefitting a size of USD 49.67 million in 2023 due to surging construction sports, increasing car manufacturing, and a good-sized electronics industry.

The leading players in the induction brazing market significantly impact its growth and set industry standards. Key companies, including Inductotherm Group (U.S.), UltraFlex (U.S.), Ajax Tocco Magnethermic Corporation (U.S.), VBC Group (U.K.), ENRX Group (Norway), MSI Automation (U.S.), Magneforce, Inc. (U.S.), eldec Induction GmbH (Germany), Esaris Industries (France), and SAET EMMEDI (Italy), contribute to a dynamic competitive landscape, driving innovation and market advancement.

In March 2023, the industrial induction heating corporation EFD Induction and inductive charging and power delivery pioneer IPT Technology added ENRX. Under this new call, ENRX will offer induction technology answers for heating, charging, and power delivery, all engineered to have a minimum or negligible carbon footprint.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.81% from 2024 to 2032

Unit Value (USD Million)

Segmentation By Type

- Manual Brazing Machines

- Automatic Brazing Machines

By End-User

- Automotive

- Aerospace

- Medical

- HVAC

- Electrical

- Others

By Region

- North America (By Type, End-user, and Country)

• U.S. (By End-user)
• Canada (By End-user)

- Europe (By Type, End-user, and Country)

• Germany (By End-user)
• UK (By End-user)
• France (By End-user)
• Italy (By End-user)
• Spain (By End-user)
• Russia (By End-user)
• Rest of Europe (By End-user)

- Asia Pacific (By Type, End-user, and Country)

• China (By End-user)
• Japan (By End-user)
• India (By End-user)
• Australia (By End-user)
• Southeast Asia (By End-user)
• Rest of Asia Pacific (By End-user)

- Latin America (By Type, End-user, and Country)

• Brazil (By End-user)
• Mexico (By End-user)
• Rest of Latin America (By End-user)

- Middle East & Africa (By Type, End-user, and Country)

• GCC (By End-user)
• South Africa (By End-user)
• Rest of the Middle East & Africa (By End-user)


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