What is Driving Rapid Growth of U.S.Engine-Driven Welder Market?

At a time when the world is witnessing an exponential rise in mining operations, owing to the surgingdemand forvarious minerals and metals, and pipeline construction projects are increasing on account of the growing need forfuels, engine-driven welders have been the lifesavers formany corporations in the U.S. The U.S engine-driven welder market is therefore expected to grow from $133.1 million in 2018, to $188.9 million by 2024, at a CAGR of 6.0 % during 2019-2024 (forecast period).

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Owing to engine-driven welders, the mining operations and construction projects are now possible in remote locations, in difficult terrains, which otherwise remained inaccessible due to the difficulty of organizing and maintaining a consistent electricity supply. Moreover, the U.S engine-driven welder marketis also progressing due tothe increasing demand for dual-operating machines (electricity supply and welding) in mining operations. The increasing investments in construction activities and the consequent increase in projects will further drive thegrowth of the market in the country.

On the basis of the application, the market categories are mining, pipeline, construction, and others. The pipeline category dominated the engine-driven market of the U.S., and recorded the highest CAGR, of 5.6%, during the historical period (2014-2018), in terms of value. It is also expected to witness the fastestmarket growth during the forecast period, with a CAGR of 6.3%. This high growth rate wouldbe because of the country's long pipeline network, rapidly increasing maintenance operations, and newly laid-out pipeline projects.

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Competitive Landscape of U.S. Engine-Driven Welder Market

The U.S. energy-driven welder market was highly consolidated in nature, with a cumulative share of 85% occupied by Lincoln Electric Holdings Inc., Miller Electric Mfg. LLC, and Hobert Welding Products, in 2018. The rest 15% market share was shared by around 10 manufacturers only. Among these players, Miller Electric Mfg. LLC accounted for the largest market share, of over 40%, owing to the company's broad range of product portfolios and wide-spread distribution networks. Major players operating in the U.S. engine-driven welder market include Lincoln Electric Holdings Inc., Miller Electric Mfg. LLC, Hobert Welding Products, Denyo Co. Ltd., Tomahawk Power LLC, Multiquip Inc., and ESAB AB.

Further, the U.S. engine-driven welder market has the presence of a large number of distributors, including Airgas Inc., Middlesex Welding Sales, Cryo Weld, TS Distributors Inc., Norco Inc., WELDING SUPPLIES FROM IOC, One Source Equipment Rentals Inc., Barnes Welding Supply, Service Welding Supply, and A&B Welding Supply.

U.S. Engine-Driven Welder Market Segmentation

Market Segmentation by Fuel Type

Gasoline
Diesel
Others
Market Segmentation by Amperage

Less than 200 A
200 A-299 A
300 A-399 A
400 A-499 A
500 A-599 A
600 A-799 A
800 A and Above
Market Segmentation by Application

Construction
Pipeline
Mining
Others

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This release was published on openPR.