Asia Pacific Induction Heating Systems Market Analysis

Asia Pacific Induction Heating Systems Market Analysis

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Asia Pacific induction heating systems market from the stationary product segment is poised to register more than 4% growth rate through 2030. The mounting usage of environment-friendly technologies for hardening, brazing and annealing applications is one of the prominent factors driving product consumption. Stationary induction heating systems also exhibit low noise emissions, zero exhaust gas, and are highly reliable and durable. These key features are encouraging end-users to rely on stationary units over traditional counterparts to fulfill their induction heating requirements.
 

APAC induction heating systems market value from the power generation end-use segment is anticipated to reach nearly USD 170 million by 2030, owing to the extensive application scope of induction heating systems in slewing rings and gears production for wind turbines. This system is also utilized in repairing industrial gas turbine components. Furthermore, the increasing consumption of renewable energy and the upgradation of solar PV modules will stimulate the demand for induction heating tools in power generation applications across the region.
 

The shipbuilding end-use segment will also record considerable revenue by 2030. The strong demand for new vessels and the mounting investment in refurbishment projects for existing fleets will promote induction heating system usage. Additionally, the requirement for ergonomically designed equipment has surged. These factors, alongside the introduction of regulatory standards for the modification and rebuilding of vessels, will further augment industry dynamics in the region.
 

China is expected to hold around 25% share of the Asia Pacific induction heating systems market by 2030, on account of the increased deployment of advanced heating systems in compliance with stringent government norms, as well as increasing car sales. Based on estimates from the China Passenger Car Association, total passenger car sales reached 1.95 million in September 2022, indicating a 21.2% rise from the previous year. Moreover, the introduction of strict government mandates to limit greenhouse gas emissions in the nation will drive the use of induction heating systems in automotive part production.