The market for arc welding equipment is expected to reach US$ 8.7 billion by 2033, increasing at a CAGR of 5.5% between 2023 and 2033 from an estimated US$ 5.1 billion in 2023.
The welding procedure known as “arc welding” melts and connects metals by producing heat using an electric arc. Direct current (DC) or alternating current (AC) currents from a power source are used to ignite an arc between a non-consumable or consumable electrode and the base material. During the welding process, arc welding equipment, electrode holders, protective welding gear, welding chemicals, wire brushes, power wire wheels, and other things are employed. Gas metal arc welding, shielded metal arc welding, and flux core arc welding are a few examples of arc welding technology.
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Key Takeaways from Market Study
- Sales of arc welding equipment are expected to reach US$ 8.7 billion by 2033.
- The market in Canada is predicted to expand at a CAGR of 5% from 2023 to 2033.
- The use of arc welding equipment in the utility & energy sector is expected to rise at a CAGR of 6.5% over the next 10 years.
- China’s market for arc welding equipment is predicted to rise at a CAGR of 8% over the forecast period.
“The construction field is experiencing high demand for arc welding machines due to the need to assemble metal components into structural frameworks,” says a Fact.MR analyst.
Competitive Landscape:
Key players in the arc welding equipment market are introducing new welding technologies keeping in mind the need of end users from various markets. They are also producing portable arc welding machines.
- To produce and sell the XCellerator series of pre-engineered robotic welding systems, ESAB and YASKAWA, two well-known robot system companies, entered into an agreement in November 2020.
Fact.MR, a market research and competitive intelligence provider, in its recent report on the arc welding equipment industry, uncovers major marketing strategies.
Key pioneers
- Amada Miyachi Co., Ltd.
- American Torch Tip
- Arc Machines, Inc.
- Automation International, Inc.
- Beijing Time Technologies Co., Ltd.
- Colfax Corporation
- Costruzioni Elettromeccaniche Annettoni S.p.A. (CEA)
- Daihen Corporation
- Doncasters Group Ltd.
- Fronius International GmbH
- ITW Welding
- Kobe Steel Ltd.
- NIMAK GmbH
Arc Welding Equipment Industry Research Segments:
· By Technology :
- Shielded Metal
- Gas Metal
- Flux Core
- Gas Tungsten
- Submerged
· By Automation Level :
- Manual
- Automatic
- Semi-automatic
· By Gas :
- Argon
- Helium
- Hydrogen
- Carbon Dioxide
- Oxygen
- Nitrogen
· By End Use :
- Energy & Utilities
- Automotive
- Construction
- Aerospace & Defense
- Shipbuilding
· By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Key Questions Covered in the arc welding equipment report
- What is the projected value of the arc welding equipment in 2023?
- At what rate will the global arc welding equipment grow until 2033?
- Which are the factors propelling the growth in the arc welding equipment?
- Which region is expected to lead in the global arc welding equipment during 2023 to 2033?
- Which are the factors driving the arc welding equipment during the forecast period?
- What is the expected market value of the arc welding equipment during the forecast period?
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