Induction Heating System Market Size

Induction Heating System Market Size

The global induction heating system market was valued at USD 1.94 billion in 2024 and is predicted to grow at a CAGR of 4.9% from 2025 to 2034. The continuous expansion of the automotive production base coupled with rising vehicle sales is set to drive the business growth. This sector's growth can be attributed to tax incentives for purchases, which have led to a significant increase in the demand for small-capacity engine vehicles.

Induction heating systems are a type of electric heating technology that uses electromagnetic induction to heat materials, typically metals, without direct contact. The process involves passing an alternating current (AC) through a coil, which generates a high-frequency magnetic field. Government policies that support the expansion of domestic manufacturing have led to a rise in industrial facilities, which in turn will drive the product penetration.