United States Energy-Efficient Build-Up Welding Market 2025 | Growth Drivers & Global Investment Scope

Market Size and Growth

Global Energy-Efficient Build-Up Welding Market reached USD 10.6 billion in 2022 and is expected to reach USD 16.7 billion by 2031, growing with a CAGR of 5.8% during the forecast period 2024-2031.

Key Development:

✅ In April 2025, JFE Steel announced it will build an advanced, high-efficiency large-scale electric arc furnace (EAF) at its Kurashiki facility, at a cost of about ¥329.4 billion (≈ US$2.2 billion), to produce ~2 million tons of steel annually using proprietary high-efficiency melting technologies; operations are expected to begin in Q1 of the fiscal year starting April 2028

✅ In November 2024, HSG Laser (Japan) unveiled the HLGW Robo, a collaborative laser welding robot, at JIMTOF 2024, designed for flexible welding tasks with enhanced precision, reduced distortion, and higher energy efficiency, especially suited for small-to-medium batch production runs.

✅ In September 2024, Welspun approved a US$100 million investment to upgrade its high-frequency induction (HFI) welding and coating capabilities in the US, enabling larger pipe sizes and thicker walls, which improves product quality and reduces energy losses in pipe manufacturing.

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Energy-efficient build-up welding is an advanced welding technique used to restore, repair, or enhance worn and damaged metal surfaces while minimizing energy consumption. By optimizing heat input and deposition rates, it improves material performance, extends equipment life, and reduces operational costs. This sustainable approach is widely applied in heavy machinery, automotive, oil & gas, and manufacturing industries to boost durability and resource efficiency.

Recent Mergers and Acquisitions

United States: Recent M&A Deals

✅ In April 2025, FUCHS Lubricants acquired IRMCO Advanced Metalforming Lubricant Technologies (Illinois). The acquisition adds sustainable, oil-free lubricants used in metalforming and tube bending, supporting energy-efficient joining and forming operations.

✅ In March 2025, Lincoln Electric acquired Vanair Manufacturing, LLC, a U.S.-based mobile power equipment company. This move expands Lincoln's field welding and mobile power capabilities, enhancing efficiency in welding operations.

Japan: Recent M&A Deals

✅ In March 2025, JFE Steel, through its subsidiary JFE Shoji Steel Pipe & Tube, acquired Maruhachi Steel Pipe Co., Ltd., a manufacturer of medium and large diameter steel pipes. The deal strengthens JFE's processing capacity and infrastructure supply chain.

✅ In April 2023, Air Water Inc., via its U.S. subsidiary, acquired Phoenix Welding Supply LLC in Arizona. The acquisition expanded its industrial gas and welding product distribution network, boosting efficiency and service reach.

Key Players:

-> Lincoln Electric Holdings, Inc., ESAB, Fronius International GmbH, Miller Electric Manufacturing Co., Panasonic Corporation, Kemppi Oy, OTC Daihen Inc., Voestalpine AG, ITW Welding (Illinois Tool Works Inc.) and Voestalpine Böhler Welding GmbH.

Growth Forecast Projected:

The Global Energy-Efficient Build-Up Welding Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Energy-Efficient Build-Up Welding Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Application: Repair and Maintenance of Equipment, Surface Enhancement and Protection, Component Restoration, Customized Fabrication

By End-User: Automotive, Aerospace, Manufacturing, Construction, Oil and Gas, Others

By Welding Process: Gas Metal Arc Welding (GMAW), Flux-Cored Arc Welding (FCAW), Shielded Metal Arc Welding (SMAW), Submerged Arc Welding (SAW), Laser Welding

Regional Analysis for Energy-Efficient Build-Up Welding Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Energy-Efficient Build-Up Welding producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Energy-Efficient Build-Up Welding revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Energy-Efficient Build-Up Welding Market?

A: In 2022, the Energy-Efficient Build-Up Welding Market was valued at USD 10.6 billion, reflecting its strong industry presence.

Q2: How large is the Energy-Efficient Build-Up Welding Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Energy-Efficient Build-Up Welding Market will grow to around USD 16.7 billion , demonstrating significant expansion.

Q3: What is the growth rate of the Energy-Efficient Build-Up Welding Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2024 to 2031.

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