According to Cognitive Market Research, The Global Industrial Fiber Laser market will be worth USD 4.8 billion in 2023 and will expand at a CAGR of 11.80% from 2023 to 2030.
The demand for Industrial Fibre Laser is rising due to the numerous strategies adopted by key participants.
Demand for continuous wave (CW) remains higher in the Industrial Fibre Laser market.
The high power (cutting, welding & other) held the highest Industrial Fibre Laser market revenue share in 2023.
North American Industrial Fibre Laser will continue to lead, whereas the European Industrial Fibre Laser market will experience the most substantial growth until 2030.
