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Welding Equipment Market to Witness Double Digit CAGR by 2021

08-16-2017 01:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: zion market research

Welding Equipment Market to Witness Double Digit CAGR by 2021

Welding equipment technology is generally used for the fabrication of two or more material on a permanent basis. This method is adopted in small- or large-scale industries to weld metal or thermoplastics. Various welding equipment such as gas flames, electric arcs, friction, molten metal baths, lasers, ultrasound, electron beams, and electric resistance are used globally. This fabrication process is also used to renovate and repair metal products. Welding is performed in all possible media such as in space, underwater, and air. Generally, aluminum, non-ferrous, and stainless steel are used for the fabrication of products. Nowadays, high-strength steel is widely used as automotive components along with galvanized coatings.

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The demand for accuracy, quality, and consistency is anticipated to boost the robotics and automation technologies in the welding processes, particularly in the automotive sector. Moreover, increasing production of light vehicles will also contribute to the high demand for the welding equipment in the near future. The automotive sector will also witness high demand for friction-blend welding technology, which in turn results in high-integrity to the final product and makes it defect-free. Other factors such as low operating costs and intrinsic mechanical properties are anticipated to drive the global welding equipment market in the coming future. Rising acceptance of the technology among automakers also impacts the growth of the market in a positive way. In addition, growing adoption of new and developed welding processes is fostering the growth of the welding equipment market. Growing urbanization and industrialization in the developing countries is further positively impacting the construction projects which is turn is expected to foster the global market in future.

On the basis of welding technology, the global welding equipment market is segmented as oxy-fuel welding, arc welding, laser beam welding, resistance welding, and others. Based on the level of automation, the global market is segmented as and application. Based on technology, the global market is segmented as oxy-fuel welding, arc welding, laser beam welding, resistance welding, and others. The level of Automation is divided into automatic, manual, and semi-automatic. On the basis of Further application, the global welding equipment market is segmented as is fragmented into the marine application, transportation, building & construction, aerospace, defense, and automobile. Out of which the automotive sector is a dominating sector globally, occupies largest market sector. While The aerospace and defense segments show significant growth in the welding equipment market.

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The global welding equipment market is geographically segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. Asia Pacific is accounted anticipated to witness the for largest market share in the entire globe in future. Additionally, groweth of the automobile and construction industries in emerging economies countries such as China and Japan is also contributing to the growth of the welding equipment market globally. The Middle East & and Africa is also owed to expected to emerge as the most profitable region for the welding equipment market in future.

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Some of the major players dominating the global welding equipment market are the Lincoln Electric Company, does Alpine AG, Obara Corporation, Voestalpine AG, Illinois Tool Works Inc., Colfax Corporation, and Panasonic Corporation. Other key Some of the leading players operating influencing in the global welding equipment market are Amada Miyachi, Arcon Welding Equipment, Sonics and Materials, Inc., Nelson Stud Welding (Doncasters Group Ltd.), Arcon Welding Equipment, Rofin-Sinar Technologies, DAIHEN Corporation, Inc., and Fronius International GmbH.

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About Us: Zion Market Research is an obligated company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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