Press release
Exclusive Forecast Study Observes Arc Welding Equipment Market to Incur Value Growth at 6.7% CAGR During 2017-2025
Persistence Market Research (PMR)
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.
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.
Request Report Sample@ https://www.persistencemarketresearch.com/samples/16864
SMAW Technology to Dominate the Global Arc Welding Equipment Market
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.
APAC will Continue to be the Largest Market for Arc Welding Equipment
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.
Evolving Automobile Designs & Surging Demand for Automobiles will Drive Market Growth in Europe
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.
Visit For TOC@ https://www.persistencemarketresearch.com/methodology/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.
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
Web: http://www.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 Exclusive Forecast Study Observes Arc Welding Equipment Market to Incur Value Growth at 6.7% CAGR During 2017-2025 here
News-ID: 1276016 • Views: …
More Releases from Persistence Market Research
Packaging Machinery Market to Surpass US$ 82.3 Bn by 2030 with Steady 4.7% CAGR …
➤Overview of the Market
According to the latest analysis by Persistence Market Research, the global packaging machinery market is projected to grow from US$ 59,737.4 million in 2023 to US$ 82,389.7 million by 2030, registering a CAGR of 4.7% during the forecast period. Rising consumer demand for packaged goods, automation, and technological upgrades in manufacturing are among the key forces transforming the industry landscape.
The packaging machinery market plays a vital role…
Packaging Tensioner Market Set to Reach US$ 13.3 Bn by 2030 with 3.8% CAGR - Per …
➤ Overview of the Market
According to Persistence Market Research, the global packaging tensioner market is projected to rise from US$ 10,237.5 million in 2023 to US$ 13,291.5 million by 2030, expanding at a CAGR of 3.8%. Packaging tensioners, essential for securing strapping around pallets, cartons, and bundled goods, are increasingly adopted across industries to ensure safe and efficient handling during transport. Growth is primarily driven by automation trends in packaging,…
Beverage Packaging Market to Surpass US$ 138.9 Bn by 2031 Driven by Sustainabili …
➤Overview of the Market
According to the latest study by Persistence Market Research, the global beverage packaging market is projected to grow at a CAGR of 4.1% from US$ 1,04,820.0 million in 2024 to US$ 1,38,867.1 million by 2031. Rising consumer preference for sustainable packaging, growing consumption of ready-to-drink products, and ongoing innovation in material science are major factors boosting the industry worldwide.
The beverage packaging industry plays a vital role in…
Actuators Device Market to Reach US$ 102.8 Bn by 2031 Fueled by 7% CAGR and Auto …
➤ Overview of the Market
The global actuators device market is poised for robust growth, projected to rise from US$ 67.7 Bn in 2024 to US$ 102.8 Bn by 2031 at a CAGR of 7%, according to Persistence Market Research. Rapid automation across industries, growing investment in industrial robotics, and expanding applications in aerospace, automotive, and medical devices are key catalysts for market acceleration.
The actuators device market encompasses mechanical systems that…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
