Global Arc Welding Equipment Market Evaluated to Reach USD 6,844.3 Million in Revenue By 2030 | Infinium Global Research

The Global Arc Welding Equipment Market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 5.85%, aiming to reach USD 6,844.3 million by 2030, up from USD 4,367.2 million in 2022. The market's primary driver is the surging demand from various end-user industries, where arc welding plays a pivotal role. Additionally, the widespread application of arc welding in infrastructure and automotive projects is propelling market expansion. While certain drawbacks pose challenges, technological advancements in arc welding processes and equipment promise substantial growth opportunities.

To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/40136

Arc Welding: A Cornerstone of Modern Engineering

Arc welding has remained a cornerstone of modern engineering for over five decades, witnessing significant productivity enhancements. It continues to dominate welding production across various industries. Its versatility makes it indispensable, capable of welding materials of any size, in any working environment, and with precision. This adaptability is crucial for infrastructure projects worldwide.

Large-scale infrastructure development projects are on the rise globally, further fueling the demand for arc welding. For example, the United States government unveiled a USD 2 trillion infrastructure rebuilding plan in March 2021, while India is planning to invest USD 1.4 trillion in infrastructure development. These substantial investments are expected to substantially increase the use of arc welding, driving the demand for arc welding equipment.

Arc Welding Revving Up in the Automotive Industry

Arc welding's attributes, such as continuous joining for robust joints and the freedom to design joints for easy attachment to various components, make it a popular choice for chassis parts in automobiles. The automotive industry's global production is witnessing remarkable growth, with 8,01,45,988 cars and commercial vehicles produced in 2021, compared to 7,76,21,582 in 2020, according to the International Organization of Motor Vehicle Manufacturers. This surge in automotive production is set to further boost the arc welding equipment market.

Challenges and Drawbacks

While arc welding is widely embraced, it does come with certain challenges. One of the key drawbacks is the generation of more waste compared to other welding methods, resulting in reduced efficiency and, in some cases, higher project costs. Arc welding also demands a high level of training and expertise from operators, which may not be universally available.

Additionally, the process can be challenging when working with thin metals, and safety concerns arise due to the live electrical circuit required for arc welding. Moreover, the process is not suitable for reactive metals like aluminum (AI) or titanium (Ti), contributing to the overall project cost.

Embracing Technological Advancements

To address the need for increased production without compromising the quality of welded joints, arc welding procedures have witnessed significant advancements. Newer versions of arc welding processes are designed to enhance arc stability, metal transfer regularity, process reliability, and application range. Specifically, developments in MIG/MAG welding aim to promote adaptive control strategies, novel current waveforms, and mechanization approaches.

Advanced arc welding concepts are also gaining traction. This approach involves the creation of an electric arc between the substance and electrode using electric current. Non-ferrous welding materials are typically used, resulting in corrosion- and Crak-resistant welds, making them suitable for applications like nuclear fuel canisters.

Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/reports/customization/40136

Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Arc Welding Equipment Market Highlights

2.2. Arc Welding Equipment Market Projection

2.3. Arc Welding Equipment Market Regional Highlights

Chapter 3. Global Arc Welding Equipment Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 Impact on the Arc Welding Equipment Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Welding Technology

3.5.2. IGR-Growth Matrix Analysis by Equipment

3.5.3. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Arc Welding Equipment Market

Chapter 4. Arc Welding Equipment Market Macro Indicator Analysis

Chapter 5. Global Arc Welding Equipment Market by Welding Technology

5.1. Plasma Arc Welding (PAW)

5.2. Gas-tungsten Arc Welding (GTAW)

5.3. Shielded Metal Arc Welding (SMAW)

5.4. Gas-metal Arc Welding (GMAW)

5.5. Others

Chapter 6. Global Arc Welding Equipment Market by Equipment

6.1. Welding Machine/ Power Source

6.2. Electrode Holders

6.3. Cables/ Leads

6.4. Chipping Hammer

6.5. Others

Chapter 7. Global Arc Welding Equipment Market by Region 2023-2030

7.1. North America

7.1.1. North America Arc Welding Equipment Market by Welding Technology

7.1.2. North America Arc Welding Equipment Market by Equipment

7.1.3. North America Arc Welding Equipment Market by Country

7.2. Europe

7.2.1. Europe Arc Welding Equipment Market by Welding Technology

7.2.2. Europe Arc Welding Equipment Market by Equipment

7.2.3. Europe Arc Welding Equipment Market by Country

7.3. Asia-Pacific

7.3.1. Asia-Pacific Arc Welding Equipment Market by Welding Technology

7.3.2. Asia-Pacific Arc Welding Equipment Market by Equipment

7.3.3. Asia-Pacific Arc Welding Equipment Market by Country

7.4. RoW

7.4.1. RoW Arc Welding Equipment Market by Welding Technology

7.4.2. RoW Arc Welding Equipment Market by Equipment

7.4.3. RoW Arc Welding Equipment Market by Sub-region

Chapter 8. Company Profiles and Competitive Landscape

8.1. Competitive Landscape in the Global Arc Welding Equipment Market

8.2. Companies Profiles

8.2.1. Amada Miyachi America, Inc.

8.2.2. Arcon Welding Equipment

8.2.3. Colfax Corporation

8.2.4. DAIHEN Corporation

8.2.5. ESAB Welding & Cutting Products

8.2.6. Fronius International GmbH

8.2.7. Illinois Tool Works, Inc.

8.2.8. Nelson Stud Welding (Doncasters Group, Ltd.)

8.2.9. Obara Corporation

8.2.10. Rofin-Sinar Technologies

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/reports/enquiry/40136

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Arc Welding Equipment.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027

About Infinium Global Research:

Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.

Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

This release was published on openPR.