Plasma Welding Machine Market Share, Size, And COVID-19 Impact Analysis By Type (Transferred And Non-Transferred), By Operating Modes (Microplasma Welding (0.1 - 15A), Medium Current Welding (15 - 200A), And Keyhole Welding (Over 100A) ), By End User Industry (Machinery And Equipment, Aerospace And Defense, Automotive, And Other), By Distribution Channel (Online And Offline) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Plasma welding machines are used to melt workpieces with an arc, and later employ a high- temperature, high-velocity ionized gas to produce weld. Plasma welding or Plasma Arc Welding (PAW) is an upgraded version of the Tungsten Inert Gas (TIG) welding process that finds application in aerospace, cryogenic, foodstuff and chemical, machine and plant construction, automobile, railway, ship construction, tank equipment, and pipeline construction industries. Better control, accuracy, precision, high-quality welding, ability to weld small parts, and long electrode life that results in high production. These are some of the reasons plasma welding machines are employed across such a wide range of industries.
Rapid technological developments are likely to propel market growth. positively furthermore industrial automation is expected to fuel the machine market. Various companies are making their place in the market strong by increasing their business to quicken the process fabrication technologies and of plasma welding. For example, in 2019 November, Air Liquide started its advanced manufacturing center at DIC in the U.S. This center will deal in electric and plasma arc cutting and welding in laser and additive fabrication, and in robotic and robotic welding, and is equipped with new state-of-the-art equipment and technology. Production of welding machine is anticipated to grow owing to this business expansion.
Impact of COVID-19 on the Plasma Welding Machine Market:
COVID-19 severely disrupted the manufacturing industry due to the sudden shutdown of manufacturing plants, supply chain disruption, and labor shortages, affecting the production of plasma welding machines. Various industries utilizing plasma welding machines were able to sustain complete lockdowns for only a limited period, after which they altered their investment plans to survive the weakening economy. However, the lifting of lockdowns, large-scale vaccination drives, and reduction in COVID-19 cases reinitiated the production of plasma welding machines to pre-pandemic capacity starting in 2022, which helped the market recover.
Key Insights
The report will cover the following insights:
- Recent industry trends and developments.
- Competitive landscape & strategic key players.
- Complete background analysis including assessment of the plasma welding machine market.
- Impact of COVID-19 on the market.
Regional Analysis
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- With more than 40% of the market share, the Asia Pacific region dominates the plasma welding market. During the forecast period, the APAC market is expected to lead the market with the highest CAGR of 5.3% due to the availability of cheap labor and the rise in industrialization in China, India, Japan, and South Korea.
- With 27% of the market share Europe is the second biggest market in terms of revenue. The machinery manufacturing industry in Germany has aided the market growth moreover European countries like France and Italy have also shown growth potential.
- Mexico, Argentina, Brazil, and Chile are the major countries contributing to the market growth in South America
- The presence of the aerospace, defense and automotive industry in the U.S. and Canada has fueled the North American plasma welding market.
Key Players Covered
- Banner Welder, Inc.
- Air Liquide
- EWM
- Fronius International GmbH
- DAIHEN Corporation
- Panasonic Corporation
- ESAB
Segmentation
By Type | By Operating Modes | By End User Industry | By Distribution Channel | By region |
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India China Japan Australia South Korea
U.S. Canada Mexico
Brazil Argentina
France Germany U.K. Spain Italy
Saudi Arabia South Africa UAE |
Key Industry Development
- In February 2019: Air Liquide announces that Airgas has signed a definitive agreement to acquire TA Corporate Holdings, Inc. will enable Airgas to further strengthen its network in the United States with a complementary footprint to better serve customers while generating significant efficiencies.
- In 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.
- Ongoing
- 2023
- 2019-2022
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