According to our latest research, the Global Induction Billet Heater for Forging market size was valued at $1.25 billion in 2024 and is projected to reach $2.37 billion by 2033, expanding at a CAGR of 7.2% during 2024–2033. The primary factor driving the robust growth of this market globally is the increasing adoption of advanced, energy-efficient heating technologies across forging industries, especially as manufacturers seek to improve productivity, reduce energy consumption, and comply with strict environmental regulations.
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