Press release
Magnetic Induction Heating Devices to Witness Evolution at 4.2% CAGR by 2032: Fact.MR Study
The global market for magnetic induction heating devices has an estimated revenue of US$ 518 million and is expected to reach US$ 781.6 million by the end of 2032, according to Fact.MR, a provider of market research and competitive information.The primary reasons that are anticipated to boost demand for magnetic induction heating devices over the course of the forecast period are an increasing focus on sustainability and a growing need to limit the usage of fossil fuels.
Magnetic induction heating device market growth is predicted to be positively impacted by technological developments in magnetic induction technologies. The market potential for magnetic induction heating equipment is also predicted to benefit from the expanding range of applications. Through 2032, it is anticipated that rising consumer demand for eco-friendly energy options would drive sales of magnetic induction heating systems.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=550?AS
Key Takeaways:
The magnetic induction heating devices market is projected to witness evolution at 4.2% CAGR from 2022 to 2032.
The magnetic induction heating devices market in North America accounts for a significant market share of 24.1%.
The magnetic induction heating devices market stands at a revenue total of US$ 124.8 million in 2022.
Europe magnetic induction heating devices market stands at a value of US$ 113.4 million and holds a market share of 21.9%.
China magnetic induction heating devices market stands at a valuation of US$ 74.1 million in 2022 and accounts for a market share of 14.3%.
The United States is anticipated to witness high magnetic induction heating device sales owing to the increasing scope of application of induction heating technologies.
Market Developments:
New market entrants could create and launch innovative products that are integrated with advanced technologies such as artificial intelligence, NFC, etc. Start-ups should also focus on crafting innovative marketing strategies to promote their products and stand out in this highly competitive market space.
In August 2021, Xiaomi, a Chinese consumer electronics company, announced the launch of its new MIJIA Ultra-thin Induction Cooker that used induction heating technology. The design is ultra-thin and equipped with NFC app support and XiaoAI.
Competitive Landscape:
Magnetic induction heating device manufacturers are focusing on integrating advanced induction heating technologies in various devices to create more sustainable solutions.
Magnetic induction heating product suppliers are also adopting innovative marketing strategies to promote their products and increase sales.
In November 2021, Havells India Limited, announced the launch of its new campaign to promote its heater based on induction-based heat transfer technology. The Magnatron Water Heater was promoted under the campaign titled "Shower that saves power" and was meant to attract the more environment-conscious consumers in India.
Key Pioneers
Schaeffer AG
Radyne Corporation
SKF AB
CEIA S.P.A
GH Induction Atmosphere
VGK Electric
EFD Induction
Inventum Engineers Company Pvt. Ltd.
Krishna Electronics
Inductotherm Group
Segmentation of Magnetic Induction Heating Devices Industry Research
Industry Research
• By Power Type:
o 0 to 5 kWh
o 5 to 10 kWh
o More than 10 kWh
• By Application:
o Furnaces
o Welding
o Cooking
o Brazing
o Sealing
o Heating Treatment
o Plastic Processing
o Others
• By Region:
o North America
o Latin America
o Europe
o APAC
o MEA
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global Magnetic Induction Heating Devices Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by Analysis, By Application (Furnace, Welding, Cooking, Brazing, Sealing, Heating Treatment, Plastic Processing), By Power Type (0 to 5 Kwh, 5 to 10 Kwh, More than 10 Kwh) - Global Market Insights 2022 to 2032
Key Questions Covered in the magnetic induction heating devices report
What is the projected value of the magnetic induction heating devices in 2023?
At what rate will the global magnetic induction heating devices grow until 2033?
Which are the factors propelling the growth in the magnetic induction heating devices?
Which region is expected to lead in the global magnetic induction heating devices during 2023 to 2033?
Which are the factors driving the magnetic induction heating devices during the forecast period?
What is the expected market value of the magnetic induction heating devices during the forecast period?
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=550?AS
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
About Fact.MR
Fact.MR research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Magnetic Induction Heating Devices to Witness Evolution at 4.2% CAGR by 2032: Fact.MR Study here
News-ID: 3089968 • Views: …
More Releases from Fact.MR
Bioinformatics Market is Growing at a CAGR of 13.4% by 2034 | Fact.MR Report
The latest report on the Bioinformatics Market, projecting robust growth driven by the increasing demand for genomic research, advancements in artificial intelligence (AI), and the rising adoption of precision medicine. Valued at USD 14.29 billion in 2024, the global market is forecast to expand at a compound annual growth rate (CAGR) of 13.4%, reaching USD 50.25 billion by 2034. This significant growth underscores the critical role of bioinformatics in decoding…
Residential Robotic Vacuum Cleaner Market to Reach USD 11.6 Billion by 2033 | Ke …
Fact.MR today released its latest report on the Residential Robotic Vacuum Cleaner Market, projecting robust growth driven by increasing demand for automation, busy lifestyles, and advancements in smart home technologies. Valued at USD 3.0 billion in 2023, the global market is forecast to expand at a compound annual growth rate (CAGR) of 14.4%, reaching USD 11.6 billion by 2033. This significant growth highlights the rising adoption of robotic vacuum cleaners…
Brain-Computer Interface Market is Estimated to Reach USD 6.5 Billion by 2033
The global brain-computer interface (BCI) market was valued at USD 1.6 billion in 2022 and is projected to reach USD 6.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2033. This expansion reflects the increasing adoption of BCI technologies in medical applications, driven by advancements in neuroscience, AI, and sensor technologies. BCIs enable direct communication between the brain and external devices, offering…
Orally Disintegrating Tablet Market is Projected to Reach USD 72.68 Billion by 2 …
The global orally disintegrating tablet (ODT) market is valued at USD 24.45 billion in 2024 and is forecasted to expand at a compound annual growth rate (CAGR) of 11.5%, reaching USD 72.68 billion by 2034. This robust growth is driven by the increasing demand for patient-friendly dosage forms, particularly among the elderly, pediatric, and dysphagic populations, who benefit from ODTs' ease of administration without water and rapid dissolution. ODTs enhance…
More Releases for Magnetic
Magnetic Materials Market | Arnold Magnetic Technologies Corporation, Daido Stee …
A detailed report on Global Magnetic Materials providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027. The research study offers complete analysis of critical aspects of the global Magnetic Materials , including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided CAGR, value, volume, sales, production,…
Magnetic Materials Market | Arnold Magnetic Technologies Corporation, Daido Stee …
Coherent Market Insights, one of the leading market research firm has recently published a report.This report will provide data on the current and future trends of market, ongoing competition, key players share, market volume and value, etc. The key information covered in the report will help the existing as well as new entrants to get in-depth market knowledge and make appropriate business decisions for short term and long-term. The Magnetic…
Magnetic Materials Market | Arnold Magnetic Technologies Corporation, Daido Stee …
The Magnetic Materials report presents high-quality and wide-ranging research study with key factors that are expected to have a Major impact on the Magnetic Materials during the forecast period. The report present Key Market segments valued based on its growth rate and share.This report also provides an analysis of the impact of the COVID-19 pandemic on Industrial Labels Industry.The report explains the historical and current trends that are shaping…
Alnico Market 2019 Global Trends, Sales Revenue, Key Players - Adams Magnetic Pr …
This study focuses on the production side and consumption side of Alnico, presents the global Alnico market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Alnico capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on…
Permanent Magnet Motor Market | Hitachi Metals Ltd., Adams Magnetic Products Co. …
Global Permanent Magnet Motor Market: Overview
The global market for permanent magnet motor has been growing at the back of the customised needs of various industrial units. Permanent magnet motors offer a wide range of advantages over other kinds of motors which has driven demand for the former across the globe. The permanent magnet motors are manufactured by creating a persistent magnetic field through a magnetized material, and these motors are…
Magnetic Couplings Market
Dec 2018, New York USA (News) - Over the next five years, RRI Information projects that Magnetic Couplings will register a 1.3% CAGR in terms of revenue, reach US$ 1340 million by 2023, from US$ 1240 million in 2017. This report studies the Magnetic Couplings market. Magnetic couplings are non-contact couplings that use a magnetic field to transfer torque, force or movement from one rotating member to another. The transfer…
