Press release
High Power Lasers Market Size, Share, Development by 2023
High power lasers is a device that emits light through a process of optical amplification based on the stimulated emission of electromagnetic radiation. While in industrial applications refers to laser power with above 1000 watts.
The high power lasers industry concentration is relative high; there are three mainly manufacturers in the world, and the products mainly from Germany and USA.
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Global High Power Lasers Market: Forecast by Type / Application / Region
Many companies have several branch offices, usually locate in the place close to aimed consumption region. There are international companies set up branch office in China either. Some companies usually take a joint venture enter into aim market, like Trumpf who takes their advantage merge with US company, whose key market is in North-America and Europe.
The key consumption markets locate at developed countries. We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.
The market is not only influenced by the price, but also influenced by the product performance. As the top three companies all have a high level of science and technology of high power lasers, so they have a small price difference.
Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go wide. Similarly, there will be fluctuation in gross margin.
Over the next five years, LPI(LP Information) projects that High Power Lasers will register a 6.9% CAGR in terms of revenue, reach US$ 2450 million by 2023, from US$ 1640 million in 2017.
Global High Power Lasers Market: Key Players
IPG Photonics
TRUMPF
Rofin
Coherent
nLIGHT
Prima
FANUC
Lumentum
Bystronic Laser
Wuhan Raycus
Han’s Laser
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Related Information:
United States High Power Lasers Market Research Report 2018
Europe High Power Lasers Market Research Report 2018
North America High Power Lasers Market Research Report 2018
Asia-Pacific High Power Lasers Market Research Report 2018
China High Power Lasers Market Research Report 2018
EMEA High Power Lasers Market Research Report 2018
Global High Power Lasers Market Research Report 2018
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