Press release
Laser Cutting Machines Market - Offers more Precise Cutting by Utilizing Less Energy
In order to manufacture and design these protect, there is a requirement of laser cutting machines. In addition, the rapid cutting speed and extremely precise cutting are also the factors responsible for the growth of laser cutting machines market.
Geographically, North America led the global laser cutting machines market in 2014 and the region is expected to continue its dominance till 2020. This region has seen significant growth in laser cutting machines due to the industrial sector. Laser cutting machines that are used for cutting industrial metals are more beneficial over plasma cutting machines as it offers more precise cutting by utilizing less energy.
Asia Pacific is the second largest and fastest region growing in the laser cutting machines market. The growth in sales of consumer electronics in this region is the prime driving factor for the increase in the usage of laser cutting machines.
The laser cutting machines market is segmented on the basis of technology into solid state lasers, gas lasers and semiconductor lasers. Among all, solid state lasers held the highest market revenue share in 2014 and are expected to remain so during the forecast period.
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Demand for solid state lasers is mainly attributed due to their wide range of applications in end use industries such as automotive, consumer electronics, defense and aerospace, industrial and others. Solid state lasers are potentially high powered and extremely efficient due to a small quantum defect. Solid state lasers are closely followed by gas lasers.
The laser cutting machines is segmented by process into fusion cutting, flame cutting and sublimation cutting. The laser cutting machines market is dominated by flame cutting process owing to high cutting speed and better cut quality.
Laser flame cutting process cuts the thick plates such as mild steel at a very high speed as compared to other processes. Fusion cutting is the second most prominent cutting process in the laser cutting machines market after flame cutting process.
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