Welding Cutting Equipment Market: Advancements, Key Players, Strategies to Boost Industry Growth 2021

COVID-19 pandemic has turned out to be a major growth determinant in the industrial automation sector. With the integration of digital infrastructure to monitor and control public health, industrial automation has taken a new shape. This crisis has enhanced the value of IT and digital transformation across different sectors and industries.

In the current situation of restricted movement and reduced workforce, new technologies have been developed to provide end-to-end automation in different sectors such as food processing. Automated systems are hired by the companies to ensure continued supply and manufacturing of products with the least manual interference.

To remain ‘ahead’ of your competitors, request for a sample >>> https://www.persistencemarketresearch.com/samples/3633

The digital transformation during the COVID-19 pandemic has enhanced our dependency on advanced technologies such as Augmented Reality, Virtual Reality, and the Industrial Internet of Things. The unfulfilled financial targets are compelling the organizations to adopt automation and advanced technologies to stay ahead in the market competition. Businesses are utilizing this opportunity by identifying daily operational needs and inculcating automation in it to create a digital infrastructure for the long term.

Welding is a fabrication process that joins materials, generally metals or thermoplastic, by causing coalescence. On the other hand, cutting is a process that is used to cut steel or other metals of different thicknesses using a different cutting equipments. Welding is often done by melting the work pieces and adding a filler material to form a pool of molten material that cools to become a strong joint, with pressure sometimes used and heat together, to produce the weld. Welding can be done by different methods such as gas tungsten arc welding, shielded metal arc welding, submerged arc welding and gas metal arc welding. Shielded metal arc welding is also called stick welding.

It uses an electrode that has flux that protects the puddle, around it. The electrode holder holds the electrode as it slowly melts away and slag protects the weld puddle from atmospheric content. Gas tungsten arc welding is also called as tungsten inert gas and it uses a non-consumable tungsten electrode to produce the weld. Inert shielding gas such as agon or helium protects weld area from atmospheric contamination. Gas metal arc welding is also called as metal inert gas and uses a wire feeding gun that feeds wire at an adjustable speed and sprays an argon-based shielding gas and carbon dioxide over the weld puddle to protect it from atmospheric contamination.

Submerged arc welding uses an automatically fed consumable electrode and a blanket of granular fusible flux. Welding and cutting equipments are mostly used by energy, automotive and construction industries. Due to the rapid industrialization demand for welding and cutting equipment has increased globally.

To receive extensive list of important regions, ask for TOC here >>> https://www.persistencemarketresearch.com/toc/3633

Different energy sources can be used for welding such as electron beam, laser, flame, electric arc and friction. Welding can be performed in different environments such as under water, open air and outer space.

Based on the product type welding and cutting equipment market is divided into five categories: arc welding equipment, gas welding equipment, MIG welders, plasma cutting equipment and others. On the basis of end-user welding and cutting equipment market is divided into five categories: energy industry, shipbuilding industry, construction industry, automobile industry and others.

Asia-Pacific is the largest market for welding and cutting equipment, followed by North America and Europe. China and India hold the key for future market trends in welding and cutting equipment market owing to high industrial growth rate, high growth rate in the construction sector and high growth rate of automotive industry in these regions. China’s economy continues to grow by 7.8%. In 2012, China has emerged as the World’s largest steel nation which may boost the market for joining, cutting and surfacing technology. Countries that are part of the BRIC group (Brazil, Russia, India, and China) are considered to record the fastest market growth in the coming years.

The market of welding and cutting equipment is expected to grow at a substantial rate through 2020. Some of the major drivers contributing the overall market growth of welding and cutting equipment include increasing demand from the energy, automotive and construction industries. Slow growth of the ship building, aerospace and defense industries are expected to pose challenge to the growth of welding and cutting equipment market.

Pre-Book Right Now for Exclusive Analyst Support >>> https://www.persistencemarketresearch.com/checkout/3633

Some of the major companies operating in the welding and cutting equipment market are:

Illinois Tool Works Inc.,
Lincoln Electric Holdings Inc.,
Victor Technologies International Inc.,
Colfax Corp., ESAB,
Panasonic Corp.,
Sonics & Materials Inc.,
Charter International Ltd.
Denyo Co. Ltd.

About Industrial Automation Domain of Persistencemarketresearch@ https://www.persistencemarketresearch.com/category/industrial-automation.asp

The Industrial Automation team at Persistence Market Research provides expert opinions and incisive inputs about broad array of products used extensively in the manufacturing industry. The team has compiled comprehensive market research reports on gears, valves, bearings, special purpose machinery, and other key segments in this evolving landscape. In addition to offering syndicated market research studies, the team consults clients from all across the globe on their unique, strategic needs. Need help with your next project? Feel free to reach out.

Contact Us
Persistence Market Research
U.S. Sales Office
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
E-mail id- sales@persistencemarketresearch.com
Website: www.persistencemarketresearch.com

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.

This release was published on openPR.