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Rising Demand From Pipeline Application Aiding U.S. Engine-Driven Welder Market | Major Players are ESAB AB, Miller Electric Mfg. LLC, Denyo Co. Ltd., Multiquip Inc., Hobart Welding Products

01-24-2020 02:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Rising Demand From Pipeline Application Aiding U.S.

In 2018, the U.S. engine-driven welder market reached a value of $133.1 million and is further projected to generate $188.9 million in 2024, growing with a 6.0% CAGR during the forecast period (2019-2024). The increasing demand from the pipeline application and rising requirement for engine-driven welders for dual operations from the mining sector are the key driving factors of the market. Engine-driven welders are utilized for welding purposes during the absence of electrical power. These machines are ideal for applications in different sectors as they come with a range of amperages.

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In terms of fuel type, the U.S. engine-driven welder market is categorized into diesel, gasoline, and others (which include natural gas, propane, and liquified petroleum gas). In 2024, the highest demand, of more than 6,000 units, is predicted to be registered by the diesel-based engine-driven welders. The category is expected to grow with a 5.4% CAGR during the forecast period because of the rising sales of engine-driven welders for pipeline operations, maintenance of industrial machinery, and construction applications. Moreover, diesel has several advantages over gasoline in terms of product availability, flammability, and cost.

On the basis of application, the U.S. engine-driven welder market is divided into mining, pipeline, construction, and others (which include welding of automotive parts). During the forecast period, the pipeline application is projected to register the fastest CAGR of 6.3%, in terms of value. The reason for this is the country's newly proposed pipeline projects, existing pipeline network, and rising maintenance operations. The pipeline application makes use of engine-driven welders for the welding of pipelines which transport natural gas, water, crude oil, and other gases or liquids.

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A major driver of the U.S. engine-driven welder market is the growing requirement for engine-driven welders for dual operations from the mining sector. Welders are needed in the mining sector for carrying out repairs on mining machinery and removing cracks or damaged parts. Apart from this, these machines are also required to carry out other auxiliary operations, such as powering other equipment and devices, in the absence of base electric supply. Due to these capabilities of engine-driven welders, mining companies prefer these machines for backup and prime power supply.

The launch of advanced engine-driven welders is a key trend in the U.S. engine-driven welder market. The country is witnessing a rise in the demand for advanced engine-driven welders that will be able to provide higher flexibility with various types of welding purposes. Because of this, the manufacturers are focusing on the development of engine-driven welders which are lightweight, easy to operate, compact, and have a less set-up time, which is further predicted to drive the market in the coming years.

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The country's expanding construction sector is predicted to create a wide opportunity in the U.S. engine-driven welder market. Engine-driven welders are utilized in the construction sector for welding steel in commercial and residential construction, railway track applications, and construction equipment. The construction activities in the U.S. are shifting to remote areas where the availability of power is uncertain. Due to this, the requirement for engine-driven welders is predicted to rise, on account of their ability to serve as a welding machine and supply power to the construction areas.

Hence, the market is growing due to the rising requirement for engine-driven welders for dual operations from the mining sector and launch of advanced engine-driven welders.

P&S Intelligence
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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