Global High Frequency Induction Heating Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global High Frequency Induction Heating Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Induction heating is a non-contact heating process. It uses high-frequency electricity to heat conductive materials. Because it is non-contact, the heating process will not pollute the heated material. It is also very effective because heat is actually generated inside the workpiece. This can be contrasted with other heating methods, in which heat is generated in a flame or a heating element and then applied to the workpiece. For these reasons, induction heating is suitable for some unique applications in industry. High Frequency Induction Heating Machine can be divided into stationary and portable. High Frequency Induction Heating Machine is widely used in heating, heat treatment, welding, annealing, etc.

Market Overview:

The latest research study on the global High Frequency Induction Heating Machine market finds that the global High Frequency Induction Heating Machine market reached a value of USD 354.9 million in 2022. It’s expected that the market will achieve USD 500.3 million by 2028, exhibiting a CAGR of 5.89% during the forecast period.

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.

For the High Frequency Induction Heating Machine industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

The growth of metal welding demand

Metal welding is widely used in aerospace, automobile industry, construction and infrastructure, manufacturing, railway, shipping and so on. An ordinary car needs thousands of welds; In the construction industry, workers mainly use steel. More than 50% of the steel in the world is used to build commercial and residential buildings, so there is a great demand for on-site welding. Besides buildings, welding is a good way to repair damaged machines or tools. From cruise ships and large oil tankers to cargo ships and aircraft carriers, welding is the foundation of most ships. Welding is also a routine process for repairing ships of various shapes and sizes. The growing demand of downstream industry will promote the growth of metal welding demand. High Frequency Induction Heating Machine is widely used in brazing of various metal products, welding of various tool blades and saw blades, welding of steel pipes and copper pipes, and welding of various metals. Therefore, the growth of metal welding demand will promote the development of High Frequency Induction Heating Machine industry.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The High Frequency Induction Heating Machine industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

Geographically, Asia Pacific held the largest market share -- 42.82% in 2021.

Company Overview:

Inductotherm Group is one of the major players operating in the High Frequency Induction Heating Machine market, holding a share of 17.92% in 2021.

Inductotherm Group

As the worlds leading manufacturer of induction metal melting systems for metal producers today, Inductotherm has built more than 36,500 melting and heating systems for metal and metalcasting producers around the globe. Inductotherm Corp. is part of 40 companies making up the Inductotherm Group. The Inductotherm Group offers advanced technology for the engineering, manufacturing, and service of thermal processing equipment used in the melting, heating, heat treating, forging, galvanizing, coating, cutting and welding of metals. Bringing together 40 companies with 38 manufacturing facilities located in 19 countries, Inductotherm Group delivers innovative products throughout the world.

Denki Kogyo

DKK Co., Ltd. was established in 1950 as a company that installs telecommunications infrastructure.

Segmentation Overview:

As for product types, the Stationary segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Heat Treatment, with a market share of 34.08% in 2021.

Key Companies in the global High Frequency Induction Heating Machine market covered in Chapter 3:

HF ENERGY
Dongguan Hengxin
EMAG Eldec
EFD Induction
Jinlai Electromechanical
HLQ Induction Equipment
Satra International
Inductotherm Group
Tianjin Tiangao
Denki Kogyo
Nippon Avionics Co.,Ltd.
GH Group
President Honor Industries
Dai-ichi High Frequency
SPC Electronics
Ajax Tocco
Baoding Sifang Sanyi Electric
Shenzhen Shuangping

In Chapter 4 and Chapter 14.2, on the basis of types, the High Frequency Induction Heating Machine market from 2018 to 2029 is primarily split into:

Stationary
Portable

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the High Frequency Induction Heating Machine market from 2018 to 2029 covers:

Heating
Heat Treatment
Welding
Annealing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)