Press release
Arc Welding Equipment Market is Anticipated to Register a CAGR Growth of 6.7% by 2025
Demand for welding equipment is predicted to rise for repair & maintenance-related activities in the near future. Major industries including energy, automotive & transportation, construction, shipbuilding, processing, and metal fabrication will witness huge requirement of welding equipment and consumables for repair and maintenance processes.
Request for Table of Contents @ https://www.persistencemarketresearch.com/market-research/arc-welding-equipment-market/toc
Wind energy industry is expected to hold potential growth opportunities for manufacturers of welding equipment. According to Global Wind Energy Council, adoption of wind power has increased by 50% over the past few years.
On the basis of technology, shielded metal arc welding (SMAW) will continue to dominate the global arc welding equipment market. This majorly contributed to its cheap selling costs and easy availability in the market. Sales of arc welding equipment based on gas metal arc welding (GMAW) technology will surpass 450,000 units by 2025-end. Demand for arc welding equipment based on electroslag welding (ESW) and electrogas welding (EGW) technology will remain sluggish in the market during the forecast period.
Argon will remain preferred gas for welding processes in the global arc welding equipment market, with highest demand estimated from GMAW technology. Nearly 350,000 tons of argon gas is expected to be sold for GMAW technology across the globe by 2025-end.
Sales of manual and semi-automatic arc welding equipment are collectively estimated to surpass 2,000,000 units by 2025-end, with the latter being comparatively more preferred than the former. In terms of volume, semi-automatic arc welding equipment sales will exhibit the highest CAGR through 2025. In contrast, sales of automatic arc welding equipment are anticipated to register the lowest CAGR through 2025 in the global arc welding equipment market.
Asia Pacific (APAC) will remain the largest market for arc welding equipment, with sales pegged to reach nearly 960,000 units by 2025-end. Various parameters such as strong weld, ease of operation and cost-effectiveness will drive demand for arc welding equipment in APAC for application in industries such as energy, automotive & transportation, shipbuilding, construction, metal fabrication, and processing. In addition, economic growth of APAC countries such as India, China, and South Korea is expected to witness acceleration, implying a rise in construction and manufacturing activities in this region. This is further expected to drive higher demand for arc welding equipment in APAC.
However, sluggish adoption of advanced arc welding technologies including PAW, EGW and SAW in APAC countries is estimated to be a major retraining factor for growth of the arc welding equipment market in this region. High market competition owing to low-cost products offered by local players are compelling huge manufacturers to sell their products at low prices. This will further impede market growth in APAC.
Europe will continue to be the second largest market for arc welding equipment during the forecast period. Robust expansion of heavy industries such as automotive, steel fabrication, pipe, and heavy equipment in Europe is the major factor driving growth of the arc welding equipment market in this region. Evolving automobile designs, surging demand for automobiles, and burgeoning demand for arc welding equipment from wind and solar energy industries will further fuel growth of the market in Europe.
Low-cost China imports are flooding the European market, posing threats for majority of European manufacturers. In addition, various players engage in sales of arc welding equipment, which are refurbished or reworked, and are duplicates of OEM’s products. These factors are estimated to impede growth of the arc welding equipment market in Europe.
Request to View Sample of Research Report @ https://www.persistencemarketresearch.com/samples/16864
Leading market players identified in PMR’s report include Daihen Corporation, The Lincoln Electric Company, Colfax Corporation, Obara Group, Inc., Illinois Tool Works Inc., Hyundai Welding Co. Ltd., Praxair, Inc., Arc3 Gases, Inc., MESSER Group GmbH, Air Liquide S.A., Fronius International GmbH, Air Products and Chemicals, Inc., The Linde Group, CEA S.p.A., EWM AG, Taiyo Nippon Sanso Corporation, Panasonic Corporation, GYS, MERKLE Schweißanlagen-Technik GmbH, Kemppi Oy.
To Know More Information @ https://www.prnewswire.com/news-releases/global-arc-welding-equipment-market-to-surpass-2000000-units-in-sales-by-2025-end-635591723.html
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
Telephone - +1-646-568-7751
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Arc Welding Equipment Market is Anticipated to Register a CAGR Growth of 6.7% by 2025 here
News-ID: 1014057 • Views: …
More Releases from Persistence Market Research
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview:
The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period.
Market Size and Growth:
The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and…
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction
Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities.
Get Access To…
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview:
The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033.
The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an…
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products.
To obtain the latest market…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
