Global Market study on Welding Equipment By 2021, PMR New Report

Welding is used in every small and large industry in the fabrication process and repairing of metal products. The process can be used in space, air and underwater as well. Welding has the wide range of applications including bridge construction, building construction, automotive, aerospace, and manufacturing industry, among others. The major equipment used in welding include welding machines, welding wires, cutting products, electrodes & filler metals, gases, welding automation equipment, angle grinders, and drill grinders, among others. The total impact of welding process on the metal industry can be calculated by the total value of the parts manufactured by this process. Industries prefer welding fabrication process over another fabrication process such as brazing, and soldering among others, as it is more efficient fabrication process, results in higher product strength and results in less cost production.

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Globally, the construction and manufacturing activity is rising and this is leading to increasing demand for welding equipment. However, the slow growth of aerospace, defence and ship building industries in the recent years is a challenge to the growth of welding equipment market. The players are welding equipment market have the potential opportunity in welding equipment for non-metallic materials. Further, in the recent years there has been increased emphasis on enhancing welding efficiency and this is leading to the growth in demand for highly efficient welding technologies and products. The global welding equipment market is witnessing a shift from manual welding to automatic welding. Automation of the welding process with the help of automation software and development of such automatic welding management software is a key technology trend, among the industry players.

Welding equipment market is segmented on the basis of technology, equipment, end-user industry and geography. Arc welding equipment and oxy-fuel welding and cutting are the two major segments of welding market on the basis of technology. Arc welding segment is further sub-segmented into gas tungsten arc welding (GTAW), submerged arc welding (saw), gas metal arc welding (GMAW), flux-cored arc welding (FCAW) and shielded metal arc welding (SMAW). further oxy-fuel welding and cutting segment is sub-segmented into ultrasonic welding (USW), laser beam welding (LBW) and resistance welding (RW), among others. On the basis of equipment used the market is segmented into welding electrode and filler metal and shielding and oxy-fuel gases. Welding electrode and filler metal segment include stick electrodes and filler metal, solid wire electrodes and filler metal and flux and metal-cored welding electrodes. Shielding gases includes gases such as carbon dioxide, argon, helium, hydrogen, and nitrogen, among others. Oxy-fuel gases include acetylene, oxygen and others. On the basis of end-users industry the welding equipments market is segmented into automotive and transportation industry, energy industry, construction industry, process industry, ship-building industry, agricultural and mining equipment and heavy machinery industry among others. Welding has a major contribution in the manufacturing of the household products such as dishwashers, kitchen cabinets, refrigerators, and other similar products.

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Illinois Tool Works Inc., ESAB Welding & Cutting, Manufacturing Technology Inc., Air Products and Chemicals Inc., ARCON Welding LLC, Doncasters Group Limited, Sonics & Materials Inc., Tianjin Bridge Welding Materials Group Co. Ltd., Lincoln Electric Holdings Inc., NIMAK GmbH, Charter International Ltd., OBARA Corp., Victor Technologies International Inc., Denyo Co. Ltd., Miller Electric Manufacturing, Fronius International GmbH, Kaierda Group Ltd., Panasonic Corp., and Taylor-Winfield Technologies Inc., among others are key players in welding equipment market.

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