Induction Welding Equipment Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Product Type
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Introduction
The Induction Welding Equipment market encompasses machinery that uses electromagnetic induction to heat and join metal components, particularly suited for edge welding of pipes and tubes. This technology excels in precision, energy efficiency, and speed, making it vital in manufacturing sectors like automotive, construction, and energy. The industry is driven by global manufacturing growth, with 2023 output reaching USD 16,182.04 billion, a 0.96% rise from 2022. China dominates as the world’s manufacturing superpower, surpassing the combined output of the next nine largest producers, while U.S. efforts under Trump aim to reshore manufacturing. The market features manual and automatic equipment, with automation gaining ground due to labor efficiency demands. The global market is projected to reach USD 2.5 billion to USD 3.0 billion by 2025, with an estimated CAGR of 5% to 7% through 2030, reflecting steady industrial demand and technological refinement.
Regional Analysis
Asia Pacific expects growth of 6% to 8%, with China leading due to its manufacturing dominance and pipe production for infrastructure. Japan and South Korea also contribute through precision engineering. North America anticipates growth of 4% to 6%, with the U.S. focusing on manufacturing repatriation and energy sector applications. Europe projects growth of 4% to 6%, led by Germany’s automotive and industrial base, though energy costs temper expansion. South America expects growth of 3% to 5%, with Brazil leveraging construction demand, despite economic volatility. The Middle East and Africa anticipate growth of 4% to 6%, with the UAE and Saudi Arabia investing in manufacturing diversification.
Type Analysis
Manual Induction Welding Equipment: Projected to grow at 3% to 5%, this segment serves smaller operations and niche applications, though its growth lags due to labor intensity.
Automatic Induction Welding Equipment: Expected to grow at 6% to 8%, automation dominates due to efficiency, precision, and integration with smart manufacturing systems, reflecting Industry 4.0 trends.
Key Market Players
Incoil Induktion AB: A Swedish firm, Incoil specializes in induction heating and welding solutions for industrial use.
Xinchang Kechuang Automation Equipment Co. Ltd.: A Chinese company, Xinchang Kechuang focuses on automated welding systems for manufacturing.
Tungray Technologies Inc.: Based in Singapore, Tungray offers induction welding equipment for diverse industrial applications.
Porter’s Five Forces Analysis
●Threat of New Entrants: Moderate. High technical and capital barriers limit entry, though manufacturing growth attracts players.
●Threat of Substitutes: Moderate. Alternative welding methods like arc welding compete, but induction’s efficiency retains its edge.
●Bargaining Power of Buyers: Moderate. Industrial clients demand customization, balanced by specialized supplier offerings.
●Bargaining Power of Suppliers: Moderate. Component suppliers influence costs, though competition mitigates their power.
●Competitive Rivalry: High. Firms compete on automation, energy efficiency, and reliability, driven by manufacturing demands.
Market Opportunities and Challenges
Opportunities
●Manufacturing Growth: Rising global output, especially in China, drives demand for welding equipment.
●Automation Trend: Industry 4.0 pushes adoption of automatic systems, enhancing productivity.
●Infrastructure Boom: Pipe welding needs in energy and construction expand market scope.
●Energy Efficiency: Induction’s low energy use aligns with sustainability goals, boosting appeal.
●Reshoring Efforts: U.S. manufacturing revival offers growth potential for local suppliers.
Challenges
●High Initial Costs: Expensive equipment limits adoption in smaller firms or regions.
●Skill Dependency: Manual systems require trained operators, constraining scalability.
●Energy Price Volatility: Rising costs in Europe affect profitability and adoption.
●Substitute Technologies: Competing welding methods challenge market share.
●Geopolitical Shifts: Trade policies and manufacturing relocation introduce supply chain risks.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Induction Welding Equipment Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Induction Welding Equipment by Region
8.2 Import of Induction Welding Equipment by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Induction Welding Equipment Market in North America (2020-2030)
9.1 Induction Welding Equipment Market Size
9.2 Induction Welding Equipment Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Induction Welding Equipment Market in South America (2020-2030)
10.1 Induction Welding Equipment Market Size
10.2 Induction Welding Equipment Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Induction Welding Equipment Market in Asia & Pacific (2020-2030)
11.1 Induction Welding Equipment Market Size
11.2 Induction Welding Equipment Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southest Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Induction Welding Equipment Market in Europe (2020-2030)
12.1 Induction Welding Equipment Market Size
12.2 Induction Welding Equipment Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Induction Welding Equipment Market in MEA (2020-2030)
13.1 Induction Welding Equipment Market Size
13.2 Induction Welding Equipment Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Induction Welding Equipment Market (2020-2025)
14.1 Induction Welding Equipment Market Size
14.2 Induction Welding Equipment Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Induction Welding Equipment Market Forecast (2025-2030)
15.1 Induction Welding Equipment Market Size Forecast
15.2 Induction Welding Equipment Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Incoil Induktion AB
15.1.1 Company Profile
15.1.2 Main Business and Induction Welding Equipment Information
15.1.3 SWOT Analysis of Incoil Induktion AB
15.1.4 Incoil Induktion AB Induction Welding Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Xinchang Kechuang Automation Equipment Co. Ltd.
15.2.1 Company Profile
15.2.2 Main Business and Induction Welding Equipment Information
15.2.3 SWOT Analysis of Xinchang Kechuang Automation Equipment Co. Ltd.
15.2.4 Xinchang Kechuang Automation Equipment Co. Ltd. Induction Welding Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Tungray Technologies Inc
15.3.1 Company Profile
15.3.2 Main Business and Induction Welding Equipment Information
15.3.3 SWOT Analysis of Tungray Technologies Inc
15.3.4 Tungray Technologies Inc Induction Welding Equipment Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope Of Induction Welding Equipment Report
Table Data Sources Of Induction Welding Equipment Report
Table Major Assumptions Of Induction Welding Equipment Report
Table Induction Welding Equipment Classification
Table Induction Welding Equipment Applications List
Table Drivers Of Induction Welding Equipment Market
Table Restraints Of Induction Welding Equipment Market
Table Opportunities Of Induction Welding Equipment Market
Table Threats Of Induction Welding Equipment Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Induction Welding Equipment
Table Cost Structure Analysis Of Induction Welding Equipment
Table Key End Users List
Table Latest News Of Induction Welding Equipment Market
Table Merger And Acquisition List
Table Planned/Future Project Of Induction Welding Equipment Market
Table Policy Of Induction Welding Equipment Market
Table 2020-2030 Regional Export Of Induction Welding Equipment
Table 2020-2030 Regional Import Of Induction Welding Equipment
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 North America Induction Welding Equipment Demand List By Application
Table 2020-2025 North America Induction Welding Equipment Key Players Sales List
Table 2020-2025 North America Induction Welding Equipment Key Players Market Share List
Table 2020-2030 North America Induction Welding Equipment Demand List By Type
Table 2020-2025 North America Induction Welding Equipment Price List By Type
Table 2020-2030 United States Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 United States Induction Welding Equipment Import & Export List
Table 2020-2030 Canada Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Canada Induction Welding Equipment Import & Export List
Table 2020-2030 Mexico Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Mexico Induction Welding Equipment Import & Export List
Table 2020-2030 South America Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 South America Induction Welding Equipment Demand List By Application
Table 2020-2025 South America Induction Welding Equipment Key Players Sales List
Table 2020-2025 South America Induction Welding Equipment Key Players Market Share List
Table 2020-2030 South America Induction Welding Equipment Demand List By Type
Table 2020-2025 South America Induction Welding Equipment Price List By Type
Table 2020-2030 Brazil Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Brazil Induction Welding Equipment Import & Export List
Table 2020-2030 Argentina Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Argentina Induction Welding Equipment Import & Export List
Table 2020-2030 Chile Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Chile Induction Welding Equipment Import & Export List
Table 2020-2030 Peru Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Peru Induction Welding Equipment Import & Export List
Table 2020-2030 Asia & Pacific Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Induction Welding Equipment Demand List By Application
Table 2020-2025 Asia & Pacific Induction Welding Equipment Key Players Sales List
Table 2020-2025 Asia & Pacific Induction Welding Equipment Key Players Market Share List
Table 2020-2030 Asia & Pacific Induction Welding Equipment Demand List By Type
Table 2020-2025 Asia & Pacific Induction Welding Equipment Price List By Type
Table 2020-2030 China Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 China Induction Welding Equipment Import & Export List
Table 2020-2030 India Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 India Induction Welding Equipment Import & Export List
Table 2020-2030 Japan Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Japan Induction Welding Equipment Import & Export List
Table 2020-2030 South Korea Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 South Korea Induction Welding Equipment Import & Export List
Table 2020-2030 Southeast Asia Induction Welding Equipment Market Size List
Table 2020-2030 Southeast Asia Induction Welding Equipment Market Volume List
Table 2020-2030 Southeast Asia Induction Welding Equipment Import List
Table 2020-2030 Southeast Asia Induction Welding Equipment Export List
Table 2020-2030 Australia Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Australia Induction Welding Equipment Import & Export List
Table 2020-2030 Europe Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Europe Induction Welding Equipment Demand List By Application
Table 2020-2025 Europe Induction Welding Equipment Key Players Sales List
Table 2020-2025 Europe Induction Welding Equipment Key Players Market Share List
Table 2020-2030 Europe Induction Welding Equipment Demand List By Type
Table 2020-2025 Europe Induction Welding Equipment Price List By Type
Table 2020-2030 Germany Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Germany Induction Welding Equipment Import & Export List
Table 2020-2030 France Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 France Induction Welding Equipment Import & Export List
Table 2020-2030 United Kingdom Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 United Kingdom Induction Welding Equipment Import & Export List
Table 2020-2030 Italy Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Italy Induction Welding Equipment Import & Export List
Table 2020-2030 Spain Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Spain Induction Welding Equipment Import & Export List
Table 2020-2030 Belgium Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Belgium Induction Welding Equipment Import & Export List
Table 2020-2030 Netherlands Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Netherlands Induction Welding Equipment Import & Export List
Table 2020-2030 Austria Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Austria Induction Welding Equipment Import & Export List
Table 2020-2030 Poland Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Poland Induction Welding Equipment Import & Export List
Table 2020-2030 Russia Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Russia Induction Welding Equipment Import & Export List
Table 2020-2030 Mea Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Mea Induction Welding Equipment Demand List By Application
Table 2020-2025 Mea Induction Welding Equipment Key Players Sales List
Table 2020-2025 Mea Induction Welding Equipment Key Players Market Share List
Table 2020-2030 Mea Induction Welding Equipment Demand List By Type
Table 2020-2025 Mea Induction Welding Equipment Price List By Type
Table 2020-2030 Egypt Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Egypt Induction Welding Equipment Import & Export List
Table 2020-2030 Israel Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Israel Induction Welding Equipment Import & Export List
Table 2020-2030 South Africa Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 South Africa Induction Welding Equipment Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Induction Welding Equipment Import & Export List
Table 2020-2030 Turkey Induction Welding Equipment Market Size And Market Volume List
Table 2020-2030 Turkey Induction Welding Equipment Import & Export List
Table 2020-2025 Global Induction Welding Equipment Market Size List By Region
Table 2020-2025 Global Induction Welding Equipment Market Size Share List By Region
Table 2020-2025 Global Induction Welding Equipment Market Volume List By Region
Table 2020-2025 Global Induction Welding Equipment Market Volume Share List By Region
Table 2020-2025 Global Induction Welding Equipment Demand List By Application
Table 2020-2025 Global Induction Welding Equipment Demand Market Share List By Application
Table 2020-2025 Global Induction Welding Equipment Key Vendors Sales List
Table 2020-2025 Global Induction Welding Equipment Key Vendors Sales Share List
Table 2020-2025 Global Induction Welding Equipment Key Vendors Revenue List
Table 2020-2025 Global Induction Welding Equipment Key Vendors Revenue Share List
Table 2020-2025 Global Induction Welding Equipment Demand List By Type
Table 2020-2025 Global Induction Welding Equipment Demand Market Share List By Type
Table 2020-2025 Regional Induction Welding Equipment Price List
Table 2025-2030 Global Induction Welding Equipment Market Size List By Region
Table 2025-2030 Global Induction Welding Equipment Market Size Share List By Region
Table 2025-2030 Global Induction Welding Equipment Market Volume List By Region
Table 2025-2030 Global Induction Welding Equipment Market Volume Share List By Region
Table 2025-2030 Global Induction Welding Equipment Demand List By Application
Table 2025-2030 Global Induction Welding Equipment Demand Market Share List By Application
Table 2025-2030 Global Induction Welding Equipment Key Vendors Sales List
Table 2025-2030 Global Induction Welding Equipment Key Vendors Sales Share List
Table 2025-2030 Global Induction Welding Equipment Key Vendors Revenue List
Table 2025-2030 Global Induction Welding Equipment Key Vendors Revenue Share List
Table 2025-2030 Global Induction Welding Equipment Demand List By Type
Table 2025-2030 Global Induction Welding Equipment Demand Market Share List By Type
Table 2025-2030 Induction Welding Equipment Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Induction Welding Equipment Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Induction Welding Equipment Market Size And Cagr
Figure 2020-2030 North America Induction Welding Equipment Market Volume And Cagr
Figure 2020-2030 South America Induction Welding Equipment Market Size And Cagr
Figure 2020-2030 South America Induction Welding Equipment Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Induction Welding Equipment Market Size And Cagr
Figure 2020-2030 Asia & Pacific Induction Welding Equipment Market Volume And Cagr
Figure 2020-2030 Europe Induction Welding Equipment Market Size And Cagr
Figure 2020-2030 Europe Induction Welding Equipment Market Volume And Cagr
Figure 2020-2030 Mea Induction Welding Equipment Market Size And Cagr
Figure 2020-2030 Mea Induction Welding Equipment Market Volume And Cagr
Figure 2020-2025 Global Induction Welding Equipment Market Volume And Growth Rate
Figure 2020-2025 Global Induction Welding Equipment Market Size And Growth Rate
Figure 2025-2030 Global Induction Welding Equipment Market Volume And Growth Rate
Figure 2025-2030 Global Induction Welding Equipment Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |