Market Overview:
The global induction bearing heater market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for induction bearing heaters in various end-use industries, such as power generation, textile, papermaking, chemical industry, oil and gas, mechanical engineering and mining. In addition, the growing demand for portable induction bearing heaters is also contributing to the growth of this market.
Product Definition:
An induction bearing heater is a device that uses an alternating current to create a magnetic field. The magnetic field creates heat in the bearing, which causes it to expand. This expansion pressurizes the oil in the bearing and pushes it outwards. This prevents the bearings from seizing and keeps them lubricated.
Portable Induction Bearing Heater:
Induction bearing heater is a heat exchanger used in the manufacturing process of semiconductor devices such as microchips and silicon wafers. The product works by using an electromagnetic field for conducting heat from one place to another with greater efficiency. It consists of two metal plates connected by a narrow channel, through which current can flow easily; but due to the small size of channel, it creates an intense magnetic field between them.
Fixed Induction Bearing Heater:
Fixed Induction Bearing Heater is a heating device that is fixed to the machine or the equipment and used for temperature control of another machine or equipment. It works on the principle of electromagnetic induction, where a magnetic field generated by an electric current in one coil causes heat transfer to occur in another coil which is attached to the other side of the circuit.
Application Insights:
The power generation segment dominated the global market in terms of revenue in 2017. The growth can be attributed to the rising demand for electricity from industrial and residential sectors. Rapid urbanization coupled with increasing manufacturing activities has led to an increased demand for energy, which is anticipated to further propel industry expansion over the forecast period.
Induction bearing heater is widely used across various industries including papermaking, chemical, mechanical and oil & gas among others owing to its ability to provide heat at a distance with high efficiency resulting in low cost per unit of heat generated as compared with other technologies such as direct flame technology or convection currents. These products are also used across multiple applications such as food processing plants, metal foundries and glasshouses where they are utilized for heating processes that require uniformity of temperature throughout all areas of a process room or greenhouse.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid industrialization, especially in China and India. Growing demand for energy-efficient products owing to increasing automation across various industries is anticipated to drive the market growth over the forecast period.
The North America regional market accounted for a significant share of revenue in 2017 due to high demand from end-use industries such as papermaking, textile, power generation, chemical industry etc., which are based out of U.S., Canada, and Mexico. The Middle East & Africa (MEA) region also holds a considerable share of revenue owing to growing oil & gas industry across countries such as Saudi Arabia and UAE; hence driving product adoption across these regions would further boost growth prospects for this vertical globally over the next eight years (2030).
Growth Factors:
- Increasing demand from the automotive and aerospace industries for induction bearing heaters as a result of the growing need for high-performance bearings.
- The increasing popularity of electric vehicles, which require induction heating to remove seized or frozen bearings quickly and easily.
- Growing demand from the medical device industry for induction bearing heaters as a result of the trend towards miniaturization and increased use of precision components in medical devices.
- The increasing use of induction heating in manufacturing processes to improve quality and reduce manufacturing time and costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Induction Bearing Heater Market Research Report
By Type
Portable Induction Bearing Heater, Fixed Induction Bearing Heater
By Application
Power Generation, Textile, Papermaking, Chemical Industry, Oil and Gas, Mechanical, Mining, Others
By Companies
SKF, Bosch, Honeywell, Bessey, Shinko, A. O. Smith, Marathon Electric, Wurtec, Simatec, Bega Special Tools, Aquip Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Induction Bearing Heater Market Report Segments:
The global Induction Bearing Heater market is segmented on the basis of:
Types
Portable Induction Bearing Heater, Fixed Induction Bearing Heater
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Textile, Papermaking, Chemical Industry, Oil and Gas, Mechanical, Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SKF
- Bosch
- Honeywell
- Bessey
- Shinko
- A. O. Smith
- Marathon Electric
- Wurtec
- Simatec
- Bega Special Tools
- Aquip Systems
Highlights of The Induction Bearing Heater Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Induction Bearing Heater
- Fixed Induction Bearing Heater
- By Application:
- Power Generation
- Textile
- Papermaking
- Chemical Industry
- Oil and Gas
- Mechanical
- Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Induction Bearing Heater Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An induction bearing heater is a small, portable device that uses electricity to heat up bearings in mechanical equipment. This helps reduce the amount of time needed to get the bearings operational again after they have been frozen or overheated.
Some of the major players in the induction bearing heater market are SKF, Bosch, Honeywell, Bessey, Shinko, A. O. Smith, Marathon Electric, Wurtec, Simatec, Bega Special Tools, Aquip Systems.
The induction bearing heater market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Induction Bearing Heater Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Induction Bearing Heater Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Induction Bearing Heater Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Induction Bearing Heater Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Induction Bearing Heater Market Size & Forecast, 2018-2028
4.5.1 Induction Bearing Heater Market Size and Y-o-Y Growth
4.5.2 Induction Bearing Heater Market Absolute $ Opportunity
Chapter 5 Global Induction Bearing Heater Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Induction Bearing Heater Market Size Forecast by Type
5.2.1 Portable Induction Bearing Heater
5.2.2 Fixed Induction Bearing Heater
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Induction Bearing Heater Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Induction Bearing Heater Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Textile
6.2.3 Papermaking
6.2.4 Chemical Industry
6.2.5 Oil and Gas
6.2.6 Mechanical
6.2.7 Mining
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Induction Bearing Heater Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Induction Bearing Heater Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Induction Bearing Heater Analysis and Forecast
9.1 Introduction
9.2 North America Induction Bearing Heater Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Induction Bearing Heater Market Size Forecast by Type
9.6.1 Portable Induction Bearing Heater
9.6.2 Fixed Induction Bearing Heater
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Induction Bearing Heater Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Textile
9.10.3 Papermaking
9.10.4 Chemical Industry
9.10.5 Oil and Gas
9.10.6 Mechanical
9.10.7 Mining
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Induction Bearing Heater Analysis and Forecast
10.1 Introduction
10.2 Europe Induction Bearing Heater Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Induction Bearing Heater Market Size Forecast by Type
10.6.1 Portable Induction Bearing Heater
10.6.2 Fixed Induction Bearing Heater
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Induction Bearing Heater Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Textile
10.10.3 Papermaking
10.10.4 Chemical Industry
10.10.5 Oil and Gas
10.10.6 Mechanical
10.10.7 Mining
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Induction Bearing Heater Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Induction Bearing Heater Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Induction Bearing Heater Market Size Forecast by Type
11.6.1 Portable Induction Bearing Heater
11.6.2 Fixed Induction Bearing Heater
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Induction Bearing Heater Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Textile
11.10.3 Papermaking
11.10.4 Chemical Industry
11.10.5 Oil and Gas
11.10.6 Mechanical
11.10.7 Mining
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Induction Bearing Heater Analysis and Forecast
12.1 Introduction
12.2 Latin America Induction Bearing Heater Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Induction Bearing Heater Market Size Forecast by Type
12.6.1 Portable Induction Bearing Heater
12.6.2 Fixed Induction Bearing Heater
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Induction Bearing Heater Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Textile
12.10.3 Papermaking
12.10.4 Chemical Industry
12.10.5 Oil and Gas
12.10.6 Mechanical
12.10.7 Mining
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Induction Bearing Heater Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Induction Bearing Heater Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Induction Bearing Heater Market Size Forecast by Type
13.6.1 Portable Induction Bearing Heater
13.6.2 Fixed Induction Bearing Heater
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Induction Bearing Heater Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Textile
13.10.3 Papermaking
13.10.4 Chemical Industry
13.10.5 Oil and Gas
13.10.6 Mechanical
13.10.7 Mining
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Induction Bearing Heater Market: Competitive Dashboard
14.2 Global Induction Bearing Heater Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SKF
14.3.2 Bosch
14.3.3 Honeywell
14.3.4 Bessey
14.3.5 Shinko
14.3.6 A. O. Smith
14.3.7 Marathon Electric
14.3.8 Wurtec
14.3.9 Simatec
14.3.10 Bega Special Tools
14.3.11 Aquip Systems
