Induction Heating Market

The global induction heating market is expected to grow at a CAGR of 7.4% during the forecast period, from an estimated USD 616.8 million in 2025 to USD 879.5 million in 2030. The induction heating market is experiencing steady growth, driven by rising manufacturing activity, an increasing emphasis on energy efficiency, and a growing shift toward electrified and automated heating technologies. Industries such as automotive, aerospace, metals, foundry, electronics, and heavy machinery are investing in advanced heating systems to enhance production speed, improve metallurgical consistency, and reduce operational costs.

A significant trend reshaping the market is the adoption of electric induction heating, infrared heating, and advanced thermal systems that offer precise, repeatable, and environmentally sustainable solutions. Manufacturers are modernizing legacy heating infrastructure to meet stricter environmental regulations, improve worker safety, and support real-time process monitoring. The global energy transition is also pushing industries toward technologies that offer reduced fossil-fuel reliance, lower emissions, and greater controllability, key attributes of modern electric heating systems. Digitalization, Industry 4.0 integration, predictive maintenance, and automation platforms further enhance the attractiveness of advanced Induction Heating solutions.

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Inductotherm Group (US) is a global leader in induction heating and melting technologies, providing equipment for steel, foundry, forging, heat treating, and metalworking industries. The company operates through a network of over 40 companies in more than 50 locations, enabling a strong global reach and localized support. Their portfolio includes induction melting furnaces, heating systems, vacuum furnaces, and automated thermal processing solutions.

Inductotherm’s core strength lies in its ability to deliver energy-efficient, high-precision, and highly customizable induction systems tailored to demanding industrial environments. The company focuses on delivering safer, cleaner, and faster heating processes while supporting digital controls, real-time monitoring, and advanced power supply systems. With robust R&D and engineering capabilities, Inductotherm drives innovation in high-frequency systems, advanced coil design, automated loading mechanisms, and power electronics.

Park-Ohio Holdings Corp (US) is one of the most established global suppliers of induction heating and melting solutions. The company delivers equipment, automation, and services for a wide range of industrial markets, including forging, heat treating, bar and billet heating, brazing, and metal melting applications.

With a heritage dating back decades, the company has built a strong reputation for durable equipment, advanced power electronics, and highly reliable induction heating systems. Their capabilities span engineering, system integration, installation, and aftermarket support. The company also offers coil repair services, induction service centers, and field engineering support across multiple continents.

The company’s strategic focus includes continuous improvement in energy-efficient power supplies, high-performance coil designs, and advanced automation technologies that enable precise temperature control and improved process repeatability. The company maintains a global presence via manufacturing and service facilities in North America, Europe, the Middle East, and Asia, allowing it to support customers with fast turnaround and comprehensive lifecycle services. Their investments in R&D and system modernization have strengthened their position as a complete solutions provider in the induction heating market.

Market Ranking

The induction heating market is slightly competitive. The major market players are the major market participants include inTEST Corporation (US), Inductotherm Group (US), ENRX (Norway), and Park-Ohio Holdings Corporation (US). The market is comprised of a few scattered players, including regional manufacturers and new entrants in North America, Asia Pacific, and Europe. With increasing demand for precision heating, fast cycle times, and reduced operational costs, induction heating systems have become a preferred option in heat treatment, forging, brazing, and metal melting. Players in this market invest in R&D, digital controls, power electronics innovation, and automated equipment platforms to strengthen their technological edge.

Related Reports:

Induction Heating Market by Power (Upto 10 kW, 10 kW - 100 kW, Above 100 kW) By Frequency (1-10 kHz, 10-50 kHz, 50 kHz -1 mHz) By Application (Metal Melting, Annealing, Heat Treating, Brazing And Soldering, Surface Hardening) By End-User (Metal Industry, Industrial Manufacturing, Automotive, Plastic Processing, Electronics & Semiconductors, Consumer Appliances, Medical Industry), Region- Forecast to 2030

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