Global Mid-frequency Induction Heating Machine Market Insights, Forecast to 2028

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. An induction heater consists of an electromagnet and an electronic oscillator that passes a high-frequency alternating current (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. In ferromagnetic (and ferrimagnetic) materials like iron, heat may also be generated by magnetic hysteresis losses. 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.
This report focus on Mid-frequency (30-80KHz) Induction Heating Machine.
Market Analysis and Insights: Global Mid-frequency Induction Heating Machine Market
Due to the COVID-19 pandemic, the global Mid-frequency Induction Heating Machine market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Compact Type accounting for % of the Mid-frequency Induction Heating Machine global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Heating (Hot Forging, Hot Fitting and Smelting) segment is altered to an % CAGR throughout this forecast period.
China Mid-frequency Induction Heating Machine market size is valued at US$ million in 2021, while the US and Europe Mid-frequency Induction Heating Machine are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Mid-frequency Induction Heating Machine landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Mid-frequency Induction Heating Machine include TM Induction Heating, Inductotherm Group, EFD Induction, GH Group, Ajax Tocco, SPC Electronics, EMAG Eldec, President Honor Industries and HF ENERGY, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Mid-frequency Induction Heating Machine capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Mid-frequency Induction Heating Machine by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Mid-frequency Induction Heating Machine Scope and Segment
Mid-frequency Induction Heating Machine market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Mid-frequency Induction Heating Machine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Compact Type
Split Type
Segment by Application
Heating (Hot Forging, Hot Fitting and Smelting)
Heat Treatment (Surface Quench)
Welding (Braze Welding, Silver Soldering and Brazing)
Annealing (Tempering and Modulation)
Others
By Company
TM Induction Heating
Inductotherm Group
EFD Induction
GH Group
Ajax Tocco
SPC Electronics
EMAG Eldec
President Honor Industries
HF ENERGY
Nippon Avionics Co.,Ltd.
Satra International
Shenzhen Shuangping
Baoding Sifang Sanyi Electric
Jinlai Electromechanical
Taizhou Hongri
HLQ Induction Equipment
Tianjin Tiangao
Zhangjiagang Jinda
Dongguan Hengxin
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E