Market Overview:
The global induction brazing market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for induction brazing in various end-use industries, such as aerospace components, industrial gas turbine components, engineering components, automotive components, electronic devices and others. In terms of type, the tungsten segment is expected to lead the global market during the forecast period due to its high thermal conductivity and low melting point. In terms of region, Asia Pacific is projected to be the fastest growing region during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
Induction Brazing is a process that uses induction heating to heat the brazing material, which in turn melts the base metal and joins them together. The importance of Induction Brazing is that it can join metals together without having to use a flame or filler material, which makes it a very clean process.
Tungsten:
Tungsten, also known as heavy tungsten is a metal that exhibits high corrosion resistance and tensile strength. It is primarily used in incandescent light bulbs, welding electrodes, and radiation protection shields. Tungsten has the highest melting point of the non-metallic elements; it can be used to produce superalloys for use in shipbuilding or even higher temperatures (up to 3,800°C).
Nickel:
Nickel is a silvery-white metal that belongs to the family of metals called transition metals. It has six different forms, known as octahedrons, based on their shape. These shapes have different properties and are used in making alloys by mixing them together.
Application Insights:
Induction brazing is used for manufacturing a wide range of components in various industries including aerospace, industrial gas turbine, automotive and electronics. Components such as engine mounts, space heaters, ignitors/magnetsoakers and other electronic devices are manufactured using this process. Brazed joints have higher strength than rivet or welded joints due to the use of a more ductile metal alloy which melts at a lower temperature. This makes them suitable for high-temperature applications where rivets would be prone to fail due to stress corrosion cracking or thermal fatigue cracks.
The automotive application segment led the global induction brazing market in 2017 accounting for over 30% of the overall revenue share owing to increasing demand from major markets including North America and Europe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing foreign investments in countries such as China, India, and Japan. For instance, in 2016, according to the data published by World Bank Group’s International Finance Corporation (IFC), foreign direct investment (FDI) inflows into India were at an all-time high of USD X billion. This factor is anticipated to boost regional market growth over the forecast period.
The demand for induction brazing in Europe was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing herringbone patterned component manufacturing industry growth coupled with aerospace components production rise due aircraft manufacturers expansion plans across major European countries including Germany and France among others are likely drive regional product demand over next eight years.
Growth Factors:
- Increasing demand for induction brazing in the automotive and aerospace industries due to its advantages over traditional soldering techniques.
- Growing popularity of induction heating as a process for joining metals due to its high efficiency and low manufacturing costs.
- Rising demand from developing countries for induction brazing equipment as they move towards industrialization.
- Technological advancements that have led to the development of more efficient and compact induction brazing systems.
- The increasing use of composites and other non-ferrous materials in various end-use applications is expected to drive the growth of the global induction brazing market in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Induction Brazing Market Research Report
By Type
Tungsten, Nickel, Nickel Alloys, Others
By Application
Aerospace Components, Industrial Gas Turbine Components, Engineering Components, Automotive Components, Electronic Devices, Others
By Companies
GH Electrotermia, UltraFlex, Ajax Tocco Magnethermic, Vacuum Process Engineering, Ambrell, VBC Group, Bodycote, EMAG eldec Induction GmbH, Proton Engineering, MSI Automation, Radyne, Esaris Industries, Cook Induction Heating
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Induction Brazing Market Report Segments:
The global Induction Brazing market is segmented on the basis of:
Types
Tungsten, Nickel, Nickel Alloys, Others
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
Aerospace Components, Industrial Gas Turbine Components, Engineering Components, Automotive Components, Electronic Devices, 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:
- GH Electrotermia
- UltraFlex
- Ajax Tocco Magnethermic
- Vacuum Process Engineering
- Ambrell
- VBC Group
- Bodycote
- EMAG eldec Induction GmbH
- Proton Engineering
- MSI Automation
- Radyne
- Esaris Industries
- Cook Induction Heating
Highlights of The Induction Brazing 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:
- Tungsten
- Nickel
- Nickel Alloys
- Others
- By Application:
- Aerospace Components
- Industrial Gas Turbine Components
- Engineering Components
- Automotive Components
- Electronic Devices
- 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 Brazing 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
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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?
Induction brazing is a type of braze that uses an electric current to join metals. The metal is heated until it becomes liquid, and then it is poured into a hole in the other piece of metal. The electric current causes the liquid metal to form a strong bond between the two pieces.
Some of the major companies in the induction brazing market are GH Electrotermia, UltraFlex, Ajax Tocco Magnethermic, Vacuum Process Engineering, Ambrell, VBC Group, Bodycote, EMAG eldec Induction GmbH, Proton Engineering, MSI Automation, Radyne, Esaris Industries, Cook Induction Heating.
The induction brazing market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Induction Brazing 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 Brazing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Induction Brazing 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 Brazing 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 Brazing Market Size & Forecast, 2018-2028
4.5.1 Induction Brazing Market Size and Y-o-Y Growth
4.5.2 Induction Brazing Market Absolute $ Opportunity
Chapter 5 Global Induction Brazing 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 Brazing Market Size Forecast by Type
5.2.1 Tungsten
5.2.2 Nickel
5.2.3 Nickel Alloys
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Induction Brazing 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 Brazing Market Size Forecast by Applications
6.2.1 Aerospace Components
6.2.2 Industrial Gas Turbine Components
6.2.3 Engineering Components
6.2.4 Automotive Components
6.2.5 Electronic Devices
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Induction Brazing 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 Brazing 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 Brazing Analysis and Forecast
9.1 Introduction
9.2 North America Induction Brazing 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 Brazing Market Size Forecast by Type
9.6.1 Tungsten
9.6.2 Nickel
9.6.3 Nickel Alloys
9.6.4 Others
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 Brazing Market Size Forecast by Applications
9.10.1 Aerospace Components
9.10.2 Industrial Gas Turbine Components
9.10.3 Engineering Components
9.10.4 Automotive Components
9.10.5 Electronic Devices
9.10.6 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 Brazing Analysis and Forecast
10.1 Introduction
10.2 Europe Induction Brazing 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 Brazing Market Size Forecast by Type
10.6.1 Tungsten
10.6.2 Nickel
10.6.3 Nickel Alloys
10.6.4 Others
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 Brazing Market Size Forecast by Applications
10.10.1 Aerospace Components
10.10.2 Industrial Gas Turbine Components
10.10.3 Engineering Components
10.10.4 Automotive Components
10.10.5 Electronic Devices
10.10.6 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 Brazing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Induction Brazing 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 Brazing Market Size Forecast by Type
11.6.1 Tungsten
11.6.2 Nickel
11.6.3 Nickel Alloys
11.6.4 Others
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 Brazing Market Size Forecast by Applications
11.10.1 Aerospace Components
11.10.2 Industrial Gas Turbine Components
11.10.3 Engineering Components
11.10.4 Automotive Components
11.10.5 Electronic Devices
11.10.6 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 Brazing Analysis and Forecast
12.1 Introduction
12.2 Latin America Induction Brazing 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 Brazing Market Size Forecast by Type
12.6.1 Tungsten
12.6.2 Nickel
12.6.3 Nickel Alloys
12.6.4 Others
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 Brazing Market Size Forecast by Applications
12.10.1 Aerospace Components
12.10.2 Industrial Gas Turbine Components
12.10.3 Engineering Components
12.10.4 Automotive Components
12.10.5 Electronic Devices
12.10.6 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 Brazing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Induction Brazing 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 Brazing Market Size Forecast by Type
13.6.1 Tungsten
13.6.2 Nickel
13.6.3 Nickel Alloys
13.6.4 Others
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 Brazing Market Size Forecast by Applications
13.10.1 Aerospace Components
13.10.2 Industrial Gas Turbine Components
13.10.3 Engineering Components
13.10.4 Automotive Components
13.10.5 Electronic Devices
13.10.6 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 Brazing Market: Competitive Dashboard
14.2 Global Induction Brazing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GH Electrotermia
14.3.2 UltraFlex
14.3.3 Ajax Tocco Magnethermic
14.3.4 Vacuum Process Engineering
14.3.5 Ambrell
14.3.6 VBC Group
14.3.7 Bodycote
14.3.8 EMAG eldec Induction GmbH
14.3.9 Proton Engineering
14.3.10 MSI Automation
14.3.11 Radyne
14.3.12 Esaris Industries
14.3.13 Cook Induction Heating
