Global Plasma Welding Machines
Market Report
2024
The Global Plasma Welding Machines market size is USD 1.3 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.20% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Plasma Welding Machines market size is USD 1.3 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.20% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Plasma Welding Machines Market Sales Revenue 2023 | $ 1.3 Billion |
Global Plasma Welding Machines Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Market Split by Control |
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Market Split by End User |
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Market Split by Price Range |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Plasma Welding Machines Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The plasma welding industry has noticed substantial technological advancements in recent years, including the evolution of new techniques and equipment. It is one of the most critical sectors of the manufacturing and construction industries. Moreover, augmented demand from different industries, such as automotive, heavy engineering, and construction, has directed the growth of the industry. Various players are making their place in the market strong by expanding their enterprises to quicken process fabrication technologies and plasma welding.
For instance, in November 2018, Air Liquide and its American subsidiary Airgas inaugurated an Advanced Fabrication Center at the Delaware Innovation Campus in the US. The objective of this center of industrial expertise is to accelerate the process of creation in order to enhance and develop more efficient fabrication technologies and, in so doing, allow customers to meet the challenges.
The prominent firms working in the industry are highly inclined towards the adoption of numerous growth strategies, including capacity expansion, mergers and acquisitions, geographical expansion, partnerships, new product launches, and product invention to stay competitive in the marketplace. The prominent firms operating in the industry are highly inclined towards the adoption of numerous growth strategies, including partnerships, capacity expansion, mergers and acquisitions, geographical development, new product establishment, and product innovation to stay competitive in the marketplace.
For instance, in May 2021, Kjellberg Finsterwalde launched new cathodes, E042, F042, and G042 for plasma power sources. These cathodes can be used for stainless steel and aluminum from 1 to 6mm.
The plasma welding machines market has witnessed considerable technological advancements in recent years. Plasma welding machines are a key component in the welding industry, known for their accuracy and efficiency. These improvements primarily revolve around improved automation, enhanced control systems, and improved user-friendliness. Furthermore, the growth of more compact and movable plasma welding machines has developed their usability in different industries, including aerospace, automotive, and electronics. This portability, associated with enhanced energy efficiency, makes plasma welding machines environmentally friendly and cost-effective.
For instance, in April 2019, Migtronics, a Danish firm, introduced Pi Plasma, an improved version of the plasma welding equipment. This plasma welding equipment is available in two versions: pulsed and non-pulsed. Pi Plasma offers high-speed plasma welding as well as a high-quality completed product.
Decreasing the number of incoming professionals and the requirement for more skilled welders is modifying the presentation output of the procedures and is also adversely impacting production and expansion in numerous industries. The lower daily wages and irregular compensations outside the North American region are preventing the development of skilled welders across different economies. The substantial staff withdrawing from their services and relatively lower incoming of renewed welders is widening the need for availability gap in major industries.
The COVID-19 pandemic negatively impacted the industry. Many market players operating across numerous geographies in industrial manufacturing enterprises have made strategic withdrawals from low revenue-generating regions. They have decided to temporarily stop or cease manufacturing procedures in the individual regions to decrease the overhead operational price and maintain their profit margin in times of decreased demand. These strategic exits have decreased opportunities for the market. Additionally, declined cash liquidity has forced the market players to modify their manufacturing operations and work at a diminished capacity.
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The major players are embarking on mergers and acquisitions as one of their prominent strategies to achieve consolidation and optimize their offerings. Advanced distribution channels and manufacturing expertise give an upper edge to the manufacturers to enhance their range of products across the plasma welding machines market.
November 2020: Fronius Opens a New Prototyping Center where specialists will work with customers to develop a solution for joining their components, starting with the design phase, feasibility studies using simulations, welding process evaluation and welding trials, through to various quality checks and project support.
February 2019: Air Liquide announces that Airgas has signed a contract to receive TA Corporate Holdings, Inc., which will allow Airgas to further boost its network in the US with a complementary footprint to serve consumers better while generating substantial efficiencies.
(Source:www.airliquide.com/group/press-releases-news/2019-02-06/airgas-air-liquide-company-acquire-tech-air)
Top Companies Market Share in Plasma Welding Machines Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Asia-Pacific dominated the market in 2023 and accounted for more than 35% of the global revenue over the forecast period due to an upsurge in the demand of the automotive industry. The expansion market for hybrid and electric cars is projected to help the requirement for welding equipment. Furthermore, shifting customer preferences toward customization and preserving the ride grade and fuel efficiency of vehicles is likely to promote the frequency of vehicle supervision and repair actions, which, in turn, is anticipated to drive the market for plasma welding machines.
North America is the fastest-growing category over the forecast period due to prominent manufacturers working in this region. Additionally, the direct efforts of these organizations regarding technological developments, concentrating on aftermarket services, and increased pouring of investments in R&D activities are contributing to the market expansion.
The current report Scope analyzes Plasma Welding Machines Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Plasma Welding Machines Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Plasma Welding Machines Industry growth. Plasma Welding Machines market has been segmented with the help of its Control, End User Price Range, and others. Plasma Welding Machines market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, mechanized held the major market share. The deployment of plasma welding robots in production plants over a decade has reduced the dependency on manual automation procedures and labor in numerous industries. The increasing adoption of robots is estimated to drive the mechanized plasma welding segment. Moreover, the growth of efficient and intelligent technology-based robotic welding techniques, such as remote control and artificial intelligence-equipped robots, is replicating the market opportunities for plasma welding machines worldwide.
The manual is the fastest-growing category due to the rising demand for factual and high-quality welds in industries like aerospace, automotive, and electronics. Manual operators respect plasma welding machines for their capacity to deliver superior control and precision during welding tasks. These machines allow welders to guide intricate joint structures and mild materials, providing weld integrity.
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The automotive category held the major market share over the forecast period. Ongoing electrification in the global transportation sector, especially in automobiles, along with constant innovations and improvements in automotive technologies, is anticipated to support different environmental agencies in mitigating the challenge of climate transformation. Extending the utilization of electric vehicles to reduce carbon footprint is anticipated to improve automobile sector demand, consequently extending the plasma welding machine industry.
According to Cognitive Market Research, residential is the fastest-growing category owing to an expansion in the market for advanced machinery and tools. Plasma welding machines, known for their accuracy and versatility, align correctly with these demands. Manufacturers desire state-of-the-art equipment to improve weld quality, decrease errors, and enhance productivity. Industries such as aerospace, automotive, and electronics rely on cutting-edge machinery for complicated welds on various materials.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The medium held the major market share over the forecast period due to advanced industrial automation. As industries desire to simplify and optimize their manufacturing operations, plasma welding machines are achieving dominance. Automation via robotics and computerized control systems permits accurate and consistent welds, decreasing errors and labor expenses.
According to Cognitive Market Research, high is the fastest-growing category due to the high cost of these machines can be substantial, and their long-term cost-effectiveness is increasingly recognized by industries requiring high-quality welds. The exceptional precision, efficiency, and reduced rework associated with plasma welding result in savings through improved productivity and lower material wastage.
The online category held the major market share over the forecast period. The internet has transformed how enterprises operate, and the availability of these devices online has immensely extended their reach. Online platforms deliver a convenient way for customers to research, approximate, and purchase plasma welding machines, delivering a broader market entrance.
According to Cognitive Market Research, offline is the fastest-growing category due to the increasing online existence, numerous buyers still depend on traditional brick-and-mortar stores, industrial tools suppliers, and welding presentations for their purchasing requirements. These offline channels deliver hands-on experiences, technical expertise, and in-person talks, which can be essential for industrial buyers making considerable investments in welding machinery. Additionally, offline networks often deliver immediate entrance to spare parts, supervision services, and training, improving the overall consumer experience.
Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Plasma Welding Machines Market is witnessing significant growth in the near future.
In 2023, the Manual segment accounted for noticeable share of global Plasma Welding Machines Market and is projected to experience significant growth in the near future.
The Machinery and Equipment segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Banner Welder , Carl Cloos Schweisstechnik GmbH and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Control | Manual, Mechanized |
End User | Machinery and Equipment, Aerospace and Defense, Automotive, Others |
Price Range | Low, Medium, High |
Distribution Channel | Online, Offline |
List of Competitors | Banner Welder, Inc. , Carl Cloos Schweisstechnik GmbH , voestalpine Böhler Welding GmbH, EWM, Air Liquide , Fronius International GmbH , Panasonic Corporation , Illinois Tools Works Inc, DAIHEN Corporation , Technocrats Plasma Systems Private Limited |
This chapter will help you gain GLOBAL Market Analysis of Plasma Welding Machines. Further deep in this chapter, you will be able to review Global Plasma Welding Machines Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Control Analysis 2019 -2031, will provide market size split by Control. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Control Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2019 -2031
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Chapter 12 Market Split by Price Range Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Plasma Welding Machines market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Manual have a significant impact on Plasma Welding Machines market? |
What are the key factors affecting the Manual and Mechanized of Plasma Welding Machines Market? |
What is the CAGR/Growth Rate of Machinery and Equipment during the forecast period? |
By type, which segment accounted for largest share of the global Plasma Welding Machines Market? |
Which region is expected to dominate the global Plasma Welding Machines Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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