Global Laser welding machine market Information by Technology (Fiber Laser Welding Machine, Co₂ Laser Welding Machine and Solid-State Laser Welding Machine), By Application (Medical, Electronics, Jewelry industry, Automotive, Tool and mold-making and Others) And Region – Forecast To 2023
The major driver for the growth of the laser welding machine market is the change in energy mix demand from the wind energy. In wind energy, the construction of the wind towers require the construction of huge tubular shapes from individual cans. For the construction of the tower, the internal and external longitudinal welding is required for the cans, which can be effectively done by the use of laser welding machines. Foundation flanges, port-holes, and subcomponents are some other areas that require welding solutions. Therefore, the increasing demand for laser welding from the wind energy is expected to drive the growth of the market.
Market Research Analysis:
Based on technologies, the Co₂ Laser Welding Machine is expected to grow significantly during the forecast period. This type of welding machines are cheaper as compared to other technologies such as Fiber Laser Welding Machine and Solid-State Laser Welding Machine, which drives the use of the CO2 laser welding machines for use by various end users depending on the type and material of metal being used for the purpose of welding.
The Global Laser welding machine market size is projected to grow at a CAGR of 5% during the forecast period.
The Laser welding machine market is expected to grow significantly during the forecast period owing to the thermal stability provided by the laser welding machine which helps in reducing the scrap from the materials that are being welded. The use of laser welding also helps in removing the use of glue and chemical additives from the welding operations. The increasing use of laser welding machines by various end-user applications such as medical, jewelry industry, automotive and electronics among others is also driving the growth of the market. The demand for welding machines will also increase with product innovations, advances in manufacturing process and technological improvements.
Amongst all technologies which are being used for global laser welding machine market, the fiber laser welding machine is expected to grow significantly during the forecast period. The fiber lasers facilitate the effective delivery of light on the desired spot of the metal which is being welded as it does not need expensive optical mirrors and other moving parts such as a disk laser among others. In this technology, the fiber laser light is amplified and channeled through a fiber optic cable.
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Segmentation of Global Laser welding machine Market
- Fiber Laser Welding Machine
- Co₂ Laser Welding Machine
- Solid-State Laser Welding Machine
- Jewelry industry
- Tool and mold-making
- North America
- Asia Pacific
- Rest of the World
Regional Analysis of Global Laser welding machine Market
Amongst all regions, Europe region is expected to grow significantly during the forecast period owing to factors such as the rising trend of automation, continuous advancements in welding technology and swift increase in infrastructural development projects. The growth of the market in the region will be further supported by rapid urbanization, the increase in disposable income of the people and the increasing government funding.
Laser welding refers to the use of a laser beam as a concentrated heat source for joining multiple pieces of different kinds of material together. The laser is a focused heat source which helps in creating a strong seam at relatively high speed.
The key players of global Laser welding machine market report include- Emerson Electric Company (U.S.), IPG Photonics (U.S.), O.R. Lasertechnologie (Germany), TRUMPF Group(Germany), Amada Miyachi Co., Ltd, (U.S.), FANUC Robotics (Japan), Golden Laser (China), GSI Group, Inc. (U.S.), JENOPTIK AG. (Germany), LaserStar Technologies Corporation (U.S.) among others.
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Scope of the Report:
This study provides an overview of the global Laser welding machine market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Laser welding machine market by its technology, application and region.
- EXECUTIVE SUMMARY
- RESEARCH METHODOLOGY
- MARKET DYNAMICS
- GLOBAL MARKET SEGMENTATION
- REGIONAL MARKET ANALYSIS
- COMPETITIVE ANALYSIS
- LIST OF TABLES
- LIST OF FIGURES
The report for Global Laser welding machine Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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