Global Induction Systems Market, By Type (Portable Type and Heavy-duty/Stationary Type), By Application (Process Piping, Refinery, Petrochemical, and Others (Power Piping, Pressure Vessels, and Structural)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

Report Code: PMI362719 | Publish Date: December 2023 | No. of Pages: 169

Global Induction Systems Market By Overview

Global induction systems market report published by Prophecy Market Insights offers holistic view of various influencing factors and aims to answer all the target market related questions.

Temperature control and energy saving is the major driving factor for the growth of the global market. For instance, according to a data published by ACEEE in 2014, induction cooking is often considered one of the most efficient cooking technologies. With this technology, up to 90% of the energy consumed is transferred to the food, compared to about 74% for traditional electric systems and 40% for gas. However, High use of conventional powder induction technology is restraining the market. Nevertheless, increase in the utilization of induction systems across the globe is anticipated to create lucrative opportunities for the target market growth.

Simley face

Prophecy Market Insights provides detailed analysis on the target market. The report covers market analysis - by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. This report contains detailed analysis about drivers, restraints, opportunities, ongoing trends, customer demand, product launches, and region analysis for the target market. In addition, the report delivers competitive analysis regarding key players in the global induction systems market based on various parameters including company overview, product portfolio, market presence, financial performance, key developments, and future strategies.

Report analysis would support management authorities as well as marketers of the companies to make right decision for building business strategies, market expansion, product launches, understanding demand and supply. Significant strategy matrices include but not limited to in the report are PEST analysis, PORTER’s five forces analysis, driver and restraint impact analysis, market opportunity analysis, and market specificity analysis.

Global Induction Systems Market Segmentation:

-By Type:

  • Portable Type
  • Heavy-duty/Stationary Type

-By Application:

  • Process Piping
  • Refinery
  • Petrochemical
  • Others (Power Piping, Pressure Vessels, and Structural)

-By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key players operating in the global induction systems market include, SKF, Timken, Radyne Corporation, Inductoheat Europe GmbH, Ambrell, BALTECH GmbH, Bega Special Tools, Miller Electric Mfg. LLC, OLIP SYSTEMS INC, Simatec AG, SMS Elotherm GmbH, Thermatool, and Ultraflex Technologies Group.

Chapters covered in this report are:

Chapter 1: Table of Contents

Chapter 2: Market Purview

Chapter 3: Market Dynamics

Chapter 4: Global Induction Systems Market Analysis, By Type

Chapter 5: Global Induction Systems Market Analysis, By Application

Chapter 6: Global Induction Systems Market Analysis, By Region

Chapter 7: Competitive Landscape

Chapter 8: Company Profiles

Chapter 9: Research Methodology

Customized Research:

Prophecy Market Insights is able to provide customized research reports as per the specific business requirements.

Global Induction Systems Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Induction Systems Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Portable Type
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Heavy-duty/Stationary Type
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Induction Systems Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Process Piping
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Refinery
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Petrochemical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others (Power Piping, Pressure Vessels, and Structural)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Induction Systems Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles  

  • SKF, Timken,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Radyne Corporation,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Inductoheat Europe GmbH,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ambrell, BALTECH GmbH,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bega Special Tools,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Miller Electric Mfg. LLC,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • OLIP SYSTEMS INC,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Simatec AG,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SMS Elotherm GmbH,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Thermatool,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ultraflex Technologies Group.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word                                      

  • Future Impact
  • About Us
  • Contact

FAQs

The Induction Systems Market report is segmented into type, application and region.

Factors driving market growth include the increasing adoption of induction heating in industrial processes, advancements in induction system technology, and the demand for energy-efficient heating solutions.

Global restraints may involve high initial costs, challenges in retrofitting existing systems with induction technology, and competition from alternative heating solutions.

The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to dominate the Induction Systems Market, exhibiting a significantly high revenue share over the forecast period.

Key players operating in the global induction systems market include, SKF, Timken, Radyne Corporation, Inductoheat Europe GmbH, Ambrell, BALTECH GmbH, Bega Special Tools, Miller Electric Mfg. LLC, OLIP SYSTEMS INC, Simatec AG, SMS Elotherm GmbH, Thermatool, and Ultraflex Technologies Group.