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U.S. Engine-Driven Welder Market Size, Leading Players, Growth and Business Opportunities | P&S Intelligence

10-14-2021 02:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

U.S. Engine-Driven Welder Market Size, Leading Players, Growth

The U.S. Department of Housing and Urban Development and U.S. Census Bureau stated that 1,324,000 residential housing plans were completed in the country in June 2021. In the same month, the Bureau and Department also permitted the construction of 1,598,000 buildings in the country in the immediate future. Furthermore, the country witnessed the launch of 1,643,000 new residential housing projects in June 2021. Thus, the increasing construction activities, especially in remote areas of the U.S., will augment the adoption of engine-driven welders, as they serve as power sources and welders in such residential units.

Moreover, the burgeoning demand for dual operating machines (welding and electricity supply) in mining operations will fuel the U.S. engine-driven welder market at a CAGR of 6.0% during 2019–2024. The market revenue stood at $133.1 million in 2018 and it is expected to exceed $188.9 million by 2024. Welders are used in the mining sector to repair mining machinery, remove damaged parts or cracks in machines, and supply electricity for auxiliary operations, such as powering equipment and electrical devices, in the absence of base electric power.

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Additionally, the ongoing pipeline construction plans and flourishing oil and gas industry in the U.S. will augment the use of engine-driven welders in the country in the coming years. Nowadays, pipeline operators are increasingly shifting from traditional welders to advanced welders due to the lack of electricity sources in remote areas, which are the prime locations for pipeline construction or maintenance. All the application areas mostly deploy diesel-based engine-driven welders due to the affordability and availability of diesel and such welders.

Engine-driven welder manufacturers such as Lincoln Electric Holdings Inc., Hobert Welding Products, Miller Electric Mfg. LLC, Airgas Inc., One Source Equipment Rentals Inc., A&B Welding Supply, WELDING SUPPLIES FROM IOC, Service Welding Supply, Norco Inc., Barnes Welding Supply, TS Distributors Inc., One Source Equipment Rentals Inc., Middlesex Welding Sales, and Cryo Weld are currently focusing on expanding distribution networks and broadening product portfolios to reach out to a greater number of customers.

Nowadays, companies operating in the U.S. engine-driven welder market are largely emphasizing on the production of 300 A–399 A engine-driven welders. These welders are widely used in pipeline, maintenance, repair, constructions, structural steel, and fabrication. Additionally, 300 A–399 engine-driven welders are also being used in the fabrication and repair of agricultural equipment. Moreover, these companies are also engaged in the production of 200 A, 200 A–299 A, 400 A–499 A, 500 A–599 A, 600 A–799 A, and 800 A engine-driven welders for multiple industries.

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Therefore, the increasing construction activities and booming demand for dual operating machines (welding and electricity supply) in mining operations will boost the adoption of engine-driven welders in the in the U.S. in the forthcoming years.

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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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