Laser welding machine Market 2018
Laser welding machine Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Laser welding machine Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
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 Global Laser welding machine market size is projected to grow at a CAGR of 5% during the forecast period.
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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.
Laser welding machines are used across several end user industries, this is primarily due to the efficiency of the product and high heat conductivity. Use of laser welding machines allows the joining of components with high speed while keeping the thermal distortion low.
Market Research Future’s (MRFR) comprehensive market report on laser welding machines takes a magnifying glass to various market segments and regions to analyze and identify factors that contribute to both growth and restraint of the market. The report also surveys the competitive landscape to accurately predict upcoming trends of the market.
Several factors will contribute to the modest growth of this market during the forecast period. Laser welding machines are in high demand in end user industries such as automotive, medical and jewelry. Additionally, product innovations and advances in the manufacturing process are also contributors to growth for the laser welding machine market.
Another significant force proving an impetus to the market is the growing demand for wind energy. This alternative energy source is a strong driver for growth for the laser welding machine market due to its importance in the fabrication of components required in wind towers. Additional research and development of leaser welding technologies is expected to gain traction in the coming years and will fuel growth for this market during the forecast period. MRFR’s report projects a modest 5% CAGR for the market during the forecast period of 2017 – 2023.
The global laser welding machine market is segmented on the basis of technology, application and region.
By technology, the market is segmented into fiber laser welding machine, CO2 laser welding machine and solid-state laser welding machine. Fiber laser welding machines segment is expected to achieve the lion’s share of growth, this is primarily due to fiber laser machines creating highly efficient light in comparison to other technologies. Additionally, these lasers do not require costly optical mirrors or moving parts, making them a more efficient and convenient choice. By application, the market is segmented into medical, electronics, jewelry, automotive, tool and mold-making and others.
Regional AnalysisThe market is also segmented on the basis of region, which include North America, Europe, Asia Pacific (APAC) and rest of the world. MRFR’s report includes an in-depth regional analysis that presents a careful assessment of the laser welding machine market.
Europe will continue to spearhead the global market over the next couple of years. This sustained lead is owing to factors such as ongoing developments in welding technology, rapidly developing infrastructure and presence of a prominent automotive sector in the region. The recent economic crisis that affected end user industries may restrain growth, however, expected growth is still significant for this region.
Asia Pacific, is projected to be the fastest growing regional market segment. There are several factors that this rapid growth can be attributed to, including growing awareness of laser welding technologies and rapidly surging construction, automotive and transportation sectors. North America and ROW are expected to follow the European region’s lead.
Prominent players in the global laser welding machine market 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) and LaserStar Technologies Corporation (U.S).
Latest Industry News
Emerson Electric Co. has been showcasing its newest laser welding technology – Branson GLX-2 Laser Welder Platform at the NPE 2018. This laser welding machine uses the patented Simultaneous Thru-Transmission Infrared (STTIr) process, which allows the machine to heat and plasticize the entire weld line at the same time.
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