Global Submerged Arc Welding
Market Report
2024
Submerged Arc Welding Market size is USD 7514.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
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 Submerged Arc Welding Market size is USD 7514.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Submerged Arc Welding Market Sales Revenue 2024 | $ 7514.2 Million |
Global Submerged Arc Welding Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
North America Submerged Arc Welding Market Sales Revenue 2024 | $ 3005.68 Million |
North America Submerged Arc Welding Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Europe Submerged Arc Welding Market Sales Revenue 2024 | $ 2254.26 Million |
Europe Submerged Arc Welding Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Asia Pacific Submerged Arc Welding Market Sales Revenue 2024 | $ 1728.27 Million |
Asia Pacific Submerged Arc Welding Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
South America Submerged Arc Welding Market Sales Revenue 2024 | $ 375.71 Million |
South America Submerged Arc Welding Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.4% |
Middle East and Africa Submerged Arc Welding Market Sales Revenue 2024 | $ 150.28 Million |
Middle East and Africa Submerged Arc Welding Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Market Split by Technology |
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Market Split by Application |
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Market Split by Industry Verticals |
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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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The Submerged Arc Welding is typically utilized for carbon steel, stainless steel, and some nickel alloys. The process of submerged arc welding is extensively used in heavy industrial settings across multiple industries, including offshore oil rig welding, pressure vessel construction, wind tower and rail car manufacturing, and shipbuilding. The method significantly affects the manufacturing process's efficiency and productivity across a range of end-user sectors. A constantly fed consumable solid or tubular (metal-cored) electrode is necessary for the submerged arc welding process. The arc zone and the molten weld are "submerged" in granular fusible flux, which is made up of calcium fluoride, silica, lime, manganese oxide, and other substances to shield them from airborne pollution. The flux creates a current path between the electrode and the work as it melts and becomes conductive. This thick coating of flux completely envelops the molten metal, suppressing the powerful UV radiation and fumes that are a component of the submerged arc welding process, as well as preventing spatter and sparks. The growing need for welded components across a range of industries, including construction, shipbuilding, and automotive, is one of the factors propelling the submerged arc welding (SAW) market's anticipated steady growth over the coming years. Thick welds work well with SAW, an extremely efficient and economical welding method.
Another significant driver shaping the submerged arc welding market is growth in the shipbuilding industry. A critical skill in shipbuilding, SAW specializes in producing long, flawless welds on massive steel plates. For big shipbuilding projects, automation of SAW can lower labor costs and improve consistency in weld quality. The need for SAW equipment and consumables rises as the shipbuilding sector grows, especially for larger vessels like cargo ships and tankers. Rising international trade, a growing need for offshore energy exploration, and the requirement for more environmentally friendly ships are the main drivers of this increase.
Manufacturing companies are probably going to release products that improve automation capabilities because SAW is a technique that lends itself easily to automation. To solve certain welding problems or provide better qualities, new combinations of electrode and flux may be developed. Energy-efficient or waste-generating-reduced SAW equipment may be introduced into the market as environmental concerns rise.
In December 2020, Lincoln Electric Holdings, Inc., the global manufacturer of welding products and arc welding equipment, acquired Fori Automation, LLC. This US-based company specializes in industrial machinery and equipment
One key driver in the Submerged Arc Welding Market is Increased demand from the construction industry. SAW is perfect for large-scale construction projects since it can weld swiftly. Strong, deep welds are produced, which are necessary for constructions like buildings and bridges. SAW consistently generates welds of a high caliber that satisfy stringent building requirements. Strong, long-lasting welds are necessary for roads, bridges, and other infrastructure, and SAW is an expert in this area. Skyscrapers and other towering buildings benefit greatly from SAW's deep penetration and rapid welding speeds. Building power plants, refineries, and other energy-related constructions involves the use of SAW. Because of the submerged arc, SAW provides welder safety that is superior to other procedures. It may be appealing to building enterprises. More automated and effective SAW equipment is being developed by manufacturers, which is encouraging its application in construction.
Another key driver in the submerged arc welding market is the rising demand for wind energy. For the fabrication of the enormous steel components used in wind turbine towers, SAW is an ideal choice. Here is where its benefits become relevant. SAW creates sturdy, dependable welds that are resistant to the harsh circumstances faced by wind turbines. When it comes to welding the massive steel plates used in wind tower construction, SAW is an expert. Automating SAW enables uniform and effective high-volume welding, which is necessary for the manufacturing of wind turbines. Wind energy installations have increased dramatically as a result of the global demand for renewable energy. This results in an increase in the need for wind turbine parts, which drives the SAW industry..
The high initial cost of the equipment is one of the main barriers to the submerged arc welding market. In comparison to stick welding and MIG welding, SAW systems are more complicated. A power source, a wire feeder, a welding head, a flux hopper and delivery system, and a control panel are among the many parts they need. Depending on the particular features and capabilities of the system, the cost of these components can vary, but it can easily reach tens of thousands of dollars. The cost of teaching welders to use the SAW process is an additional expense in addition to the equipment cost. For SAW welding to yield high-quality welds, a significant degree of competence and experience is needed. Although some businesses may find it difficult to get started due to the significant initial expenditure, SAW welding frequently has longer-term advantages. SAW is a very effective method of welding that yields welds of excellent quality. Additionally, it is an extremely flexible method that works with a broad range of materials.
The Submerged Arc Welding Market experienced both challenges and opportunities due to the impact of COVID-19. The pandemic created short-term interruptions. Movement restrictions and lockdowns resulted in production stoppages in numerous SAW-dependent industries, which hindered market expansion. Raw materials and equipment required for SAW procedures were hard to come by due to supply chain interruptions. As the economy gets back to normal, the market should bounce back and continue growing. In the post-pandemic era, the emphasis on renewable energy initiatives and infrastructure development may lead to a need for SAW applications such as wind tower manufacturing. Given its inherent automation capabilities, the SAW market may benefit from a long-term trend in welding processes toward automation.
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The competitive landscape of the submerged arc welding market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established manufacturers, specialized companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
In November 2022, the American-Swedish industrial business ESAB introduced a breakthrough battery-powered welding technique called Renegade VOLTTM ES 200i Stick/TIG. The newest welding system is a state-of-the-art device that could revolutionize the industry.
In November 2022, A new digital sub-arc welding camera for submerged arc applications, the XVC-S100 Weld Camera, was released by Xiris Automation Inc. This Canadian company specializes in weld monitoring and weld inspection systems.
(Source: https://www.xiris.com/xiris-xvc-s100/)
Top Companies Market Share in Submerged Arc Welding Industry: (In no particular order of Rank)
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Global Submerged Arc Welding 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 Submerged Arc Welding Industry growth. Submerged Arc Welding market has been segmented with the help of its Technology, Application Industry Verticals, and others. Submerged Arc Welding 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, Automatic Submerged Arc Welding stands out as the dominating category. Given the benefits of automation in terms of uniformity and efficiency, it is likely that automatic SAW systems have the largest market share, even though precise information on the largest segment may need to be found in market research publications. This is because automation enables quicker welding speeds and less downtime. Weld settings that are consistent guarantee better quality and fewer faults. Manual welding can be reduced to a minimum using automation.
Semi-automatic (SAW) Submerged Arc Welding emerges as the fastest-growing category in the Submerged Arc Welding Market. Semi-automated SAW is appropriate for a variety of applications because it strikes a reasonable mix between automation and operator control. Semi-automated systems demand a smaller initial investment than fully automated SAW. Semi-automated SAW can produce high-quality welds with good penetration and deposition rates. Semi-automated SAW requires less operator experience than manual welding techniques, but fully automated SAW eliminates the requirement for a trained welder
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Submerged Arc Welding Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the dominating category is Low alloy steel. Low-alloy steel is appropriate for a variety of uses in construction, shipbuilding, and pressure vessels because it provides a good balance of strength, toughness, and weldability. For numerous applications, low-alloy steel is a more cost-effective option when compared to alternative materials such as nickel alloys or stainless steel. SAW's deep weld penetration and fast deposition rates make it ideal for welding thicker lengths of low-alloy steel. Although other materials, such as carbon and stainless steel, are also utilized in SAW, low-alloy steel is the material of choice for many SAW applications due to its special qualities and economical advantages.
The fastest-growing category in the Submerged Arc Welding Market is Stainless Steel due to the expansion of SAW-dependent businesses that use stainless steel welding, such as shipbuilding, chemical processing, and electric vehicle manufacture. Strength and endurance are important to these industries, and SAW is appealing because it can provide excellent deep penetration welds in thick portions of stainless steel.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Submerged Arc Welding market report 2024 Edition by contacting our team.
According to Cognitive Market Research, the dominating category is Construction. The majority of SAW equipment and consumables are usually characterized as being used in the construction industry for a number of reasons. For major construction projects like buildings, bridges, and public infrastructure, structural steel is becoming more and more in demand. SAW is the best option for large-scale construction because it provides deeper weld penetration and faster welding speeds than other techniques.
The fastest-growing category in the Submerged Arc Welding Market is Aerospace & Defense. Growing need for stronger, lighter materials: SAW is capable of welding these cutting-edge materials used in spaceships and airplanes. There is an increasing need for SAW due to expansion in both the military and commercial aviation industries. SAW's advantages for high-quality welds are even encouraging the automobile industry to use them more in the production of electric vehicles. Therefore, although though SAW is already a well-established technique in traditional heavy industries, its future expansion is expected to be mostly driven by the aerospace and defense industry.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the Submerged Arc Welding Market. In North America, the construction sector largely drives the SAW market. Applications for SAW in construction include pressure vessels, storage tanks, and structural steel manufacturing. It is anticipated that demand for SAW consumables and equipment will continue to be driven by the expansion of the construction sector in North America. SAW is an extremely effective welding technique that can provide fast, high-quality welds. Because of this, it's perfect for applications where efficiency is crucial. The need for SAW in North America is anticipated to continue to rise as the manufacturing industry places a greater emphasis on efficiency.
Asia-Pacific stands out as the fastest-growing region in the Submerged Arc Welding Market due to An extremely efficient and economical welding method that is widely used across many sectors of submerged arc welding (SAW). A rising manufacturing sector and large-scale infrastructure projects are increasing demand for SAW throughout the Asia Pacific region, especially in nations like China and India. In the upcoming years, the Asia Pacific submerged arc welding market is anticipated to expand considerably.
The current report Scope analyzes Submerged Arc Welding 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
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According to Cognitive Market Research, the global Submerged Arc Welding Market size was estimated at USD 7514.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. In North America, It is anticipated that North America's need for SAW equipment will increase as both residential and non-residential building development projects increase. Because of its excellent welding efficiency and deep penetration capacity, SAW is frequently employed in construction applications. Automated SAW system usage is being driven by the growing trend of automation in manufacturing industries. When compared to hand welding operations, these devices offer higher productivity, uniformity, and precision. A driving force for the usage of SAW is the requirement to fabricate structures with high strength-to-weight ratios. This welding method is perfect for use in heavy construction equipment, pressure vessels, shipbuilding, and other applications requiring strong and dependable welds in thick sections.
According to Cognitive Market Research, the global Submerged Arc Welding Market size was estimated at USD 7514.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2254.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. In Europe, the Submerged Arc Welding Market (SAW)is extensively used in sectors with anticipated growth in demand over the next several years, including construction, pressure vessels, oil and gas, and shipbuilding. SAW adoption will be accelerated by strict quality criteria as well as the demand for dependable and effective welding methods. With an aging working force in Europe, SAW's automation capabilities are especially appealing since they boost productivity and save labor expenses. To improve weld quality, deposition rates, and process control, manufacturers are constantly improving SAW equipment and consumables. Developments in fields like automation, robotics, and digitalization will further optimize SAW processes. Compared to other welding techniques, SAW has environmental benefits such as reduced fume emission. The environmental characteristics of SAW will increase its market desirability as sustainability concerns gain popularity.
According to Cognitive Market Research, the global Submerged Arc Welding Market size was estimated at USD 7514.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1728.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031. The Asia Pacific area is experiencing a surge in demand for welded products, mostly attributable to factors including expanding industrialization and urbanization. This is driving the need for SAW supplies and equipment. SAW is a highly productive welding method that can lower expenses and boost productivity for enterprises. This is one of the main reasons why SAW is being used in the Asia Pacific area. The expansion of important industries in the Asia Pacific area, including shipbuilding, construction, and transportation, is also propelling the SAW market. All of these sectors mostly depend on welding, and SAW is an appropriate method for many of their uses.
According to Cognitive Market Research, the global Submerged Arc Welding Market size was estimated at USD 7514.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 375.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. The growth in shipbuilding in Latin America is anticipated to drive the SAW market, as SAW is the preferred method for welding thick plates used in shipbuilding. SAW is a desirable alternative for businesses trying to simplify their operations since it provides deeper penetration and higher welding speeds than other welding processes. Pipelines and pressure vessels in the oil and gas sector are frequently welded using SAW. The SAW market is anticipated to benefit from the expansion of Latin America's oil and gas industry.
According to Cognitive Market Research, the global Submerged Arc Welding Market size was estimated at USD 7514.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 150.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The MEA region's governments are making significant investments in the construction of buildings, bridges, and other infrastructure. This is driving the need for SAW supplies and equipment. The oil and gas sector largely drives the SAW market in MEA. SAW is frequently employed in the building and upkeep of platforms, refineries, and pipelines for gas and oil. SAW equipment is becoming more and more necessary for welding ship hulls and other components as the MEA shipbuilding sector expands.
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Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Technology | Automatic Submerged Arc Welding, Semi-automatic Submerged Arc Welding, Liquid Crystal on Silicon (LCoS), Others |
Application | Carbon steels, Low alloy steels, Stainless steels, Nickel-based alloys, Others |
Industry Verticals | Construction, Automotive, Aerospace & Defense, Others |
List of Competitors | ESAB Group, Lincoln Electric Holdings (US), Messer Group GmbH, Voestalpine Böhler Welding Group GmbH (Austria), OTC DAIHEN Co. Ltd. (Japan), Hyundai Welding Co. Ltd. (South Korea), Kobe Steel Ltd., Fronius International GmbH (Austria), Caterpillar Inc., IHI Corporation (Japan) |
This chapter will help you gain GLOBAL Market Analysis of Submerged Arc Welding. Further deep in this chapter, you will be able to review Global Submerged Arc Welding Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Submerged Arc Welding Market Trends North America Submerged Arc Welding Technological Road Map North America Submerged Arc Welding Market Drivers North America Submerged Arc Welding Market Restraints North America Submerged Arc Welding Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain 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
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.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. 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 Technology 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 Application Analysis 2019 -2031
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Chapter 12 Market Split by Industry Verticals Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Submerged Arc Welding market
Chapter 13 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 Automatic Submerged Arc Welding have a significant impact on Submerged Arc Welding market? |
What are the key factors affecting the Automatic Submerged Arc Welding and Semi-automatic Submerged Arc Welding of Submerged Arc Welding Market? |
What is the CAGR/Growth Rate of Carbon steels during the forecast period? |
By type, which segment accounted for largest share of the global Submerged Arc Welding Market? |
Which region is expected to dominate the global Submerged Arc Welding Market within the forecast period? |
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