July 18, 2022 13:30 ET | Source: FACT.MR FACT.MR
United States, Rockville MD, July 18, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global magnetic induction heating devices market accounts for a revenue of US$ 518 million and is anticipated to reach US$ 781.6 million by the end of 2032.
Increasing focus on sustainability and growing need to reduce fossil fuel use are the main factors that are expected to promote demand for magnetic induction heating devices across the forecast period.
Technological advancements in magnetic induction technologies are also anticipated to positively influence magnetic induction heating devices market growth.
Expanding scope of applications is also anticipated to favour magnetic induction heating devices market potential. Increasing demand for sustainable and clean energy alternatives is projected to propel sales of magnetic induction heating systems through 2032.
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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.
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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.
Segmentation of Magnetic Induction Heating Devices Industry Research
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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
Fact.MR’s Domain Knowledge in Industrial Goods
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With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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