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Global Energy-Efficient Build-Up Welding Market - 2023-2030

Publisher DataM Intelligence 4Market Research LLP
Published Jul 27, 2023
Length 201 Pages
SKU # DTAM18086854

Description

Global Energy-Efficient Build-Up Welding Market - 2023-2030


Global Energy-Efficient Build-Up Welding Market reached US$ 10.6 billion in 2022 and is expected to reach US$ 16.7 billion by 2030, growing with a CAGR of 5.8% during the forecast period 2023-2030. The global energy-efficient build-up welding market has witnessed significant growth in recent years due to increasing awareness about energy conservation, environmental sustainability, and the demand for efficient manufacturing processes. Energy-efficient build-up welding technologies are gaining prominence across various industries, including automotive, aerospace, manufacturing, construction, power generation, and oil and gas.

China's significant manufacturing capabilities, combined with the focus on energy conservation and sustainable practices, have propelled the growth of the energy-efficient build-up welding market. Manufacturers in China are investing in research and development, technology innovation, and collaborations to meet the growing demand for energy-efficient welding solutions. The adoption of these technologies is expected to continue growing in China and contribute to the global market expansion. Therefore, the China was accounting for nearly half of the regional shares.

Market Dynamics
Increasing Energy Costs
The increasing energy costs act as a catalyst for businesses to seek energy-efficient build-up welding solutions. Recent developments in the field have focused on improving process efficiency, incorporating cost-saving features, monitoring energy consumption, and adhering to efficiency standards.

By adopting these technologies, businesses can mitigate the impact of rising energy costs, reduce their environmental footprint, and improve their bottom line. As a result, the global energy-efficient build-up welding market continues to grow in response to the increasing demand for energy-saving solutions.

Focus on Operational Efficiency
Operational efficiency is closely tied to environmental sustainability. Energy-efficient build-up welding reduces energy consumption and lowers carbon emissions, contributing to sustainable manufacturing practices. Businesses that prioritize environmental sustainability benefit from improved brand reputation, compliance with environmental regulations, and access to markets that demand environmentally friendly products. The growing emphasis on sustainability drives the adoption of energy-efficient build-up welding solutions.

Compliance with environmental and energy efficiency regulations is a crucial factor for businesses operating in various industries. Energy-efficient build-up welding helps companies meet regulatory requirements and demonstrate their commitment to sustainable practices. The need to comply with regulations and standards related to energy efficiency drives the adoption of energy-efficient build-up welding technologies.

High Initial Investment
Companies have limited capital, and they must allocate it across various operational needs. When faced with multiple investment options, businesses may prioritize other areas over energy-efficient build-up welding equipment. This could include investments in core production machinery, expansion projects, or other immediate operational requirements. As a result, the allocation of funds to energy-efficient welding solutions may be deprioritized, hindering market growth.

High initial investment can pose challenges in emerging markets where cost sensitivity is particularly high. These markets may have businesses that are more price-sensitive and have limited financial resources. The affordability of energy-efficient build-up welding equipment becomes a crucial factor in the decision-making process. If the initial investment is perceived as too high, it can hinder adoption and market growth in these regions.

COVID-19 Impact Analysis
The pandemic forced industries to reassess their priorities and allocate resources to address immediate challenges. Energy-efficient build-up welding projects and investments may have been deprioritized as businesses focused on ensuring business continuity, implementing health and safety measures, and managing financial stability. This shift in priorities impacted the growth of the market.

Retrofitting and upgrading existing welding infrastructure with energy-efficient solutions often require on-site installation and commissioning. The pandemic-related restrictions and limitations on travel and physical interactions resulted in the postponement of such projects. Businesses delayed or put on hold retrofitting plans, affecting the adoption of energy-efficient build-up welding technologies.

Segment Analysis
The global energy-efficient build-up welding market is segmented based on application, end-user, welding process and region.

GMAW's High Efficiency and Productivity and Energy Efficiency Drives the Segmental Growth

GMAW is recognized for its energy efficiency compared to other welding processes. The use of a shielding gas, typically a mixture of argon and carbon dioxide, helps protect the weld pool and reduces the need for excessive heat input. This efficient use of energy contributes to cost savings and reduced environmental impact, making GMAW a preferred choice for energy-efficient build-up welding applications.

Therefore, the combination of high efficiency, productivity, energy savings, weld quality, and versatility has propelled GMAW to dominate the global energy-efficient build-up welding market. Its widespread adoption, technological advancements, and industry expertise make GMAW the preferred choice for many businesses looking to achieve energy efficiency in their welding operations.

Geographical Analysis
The introduction of Advanced Equipment and Focus on Research and Development Drives North America Energy-Efficient Build-Up Welding Market

North American manufacturers have been investing in research and development to drive innovation in energy-efficient build-up welding technologies. They collaborate with academic institutions, industry experts, and research organizations to develop new processes, materials, and techniques. This focus on R&D enables manufacturers to continually improve energy efficiency, reduce environmental impact, and meet the evolving needs of the market.

Furthermore, the growing focus on innovation, sustainability, collaboration, and the integration of advanced technologies have positioned North American manufacturers at the forefront of delivering energy-efficient welding solutions to meet the demands of diverse industries.

Competitive Landscape
The major global players include Lincoln Electric Holdings, Inc., ESAB, Fronius International GmbH, Miller Electric Manufacturing Co., Panasonic Corporation, Kemppi Oy, OTC Daihen Inc., Voestalpine AG, ITW Welding (Illinois Tool Works Inc.) and Voestalpine Böhler Welding GmbH.

Why Purchase the Report?
• To visualize the global energy-efficient build-up welding market segmentation based on application, end-user, welding process and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of energy-efficient build-up welding market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global energy-efficient build-up welding market report would provide approximately 61 tables, 63 figures and 201 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

201 Pages
1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Application
3.2. Snippet by End-User
3.3. Snippet by Welding Process
3.4. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Increasing Energy Costs
4.1.1.2. Focus on Operational Efficiency
4.1.2. Restraints
4.1.2.1. High Initial Investment
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Application
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
7.1.2. Market Attractiveness Index, By Application
7.2. Repair and Maintenance of Equipment*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Surface Enhancement and Protection
7.4. Component Restoration
7.5. Customized Fabrication
8. By End-User
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
8.1.2. Market Attractiveness Index, By End-User
8.2. Automotive*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Aerospace
8.4. Manufacturing
8.5. Construction
8.6. Oil and Gas
8.7. Others
9. By Welding Process
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Welding Process
9.1.2. Market Attractiveness Index, By Welding Process
9.2. Gas Metal Arc Welding (GMAW)*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Flux-Cored Arc Welding (FCAW)
9.4. Shielded Metal Arc Welding (SMAW)
9.5. Submerged Arc Welding (SAW)
9.6. Laser Welding
10. By Region
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
10.1.2. Market Attractiveness Index, By Region
10.2. North America
10.2.1. Introduction
10.2.2. Key Region-Specific Dynamics
10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Welding Process
10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.2.6.1. U.S.
10.2.6.2. Canada
10.2.6.3. Mexico
10.3. Europe
10.3.1. Introduction
10.3.2. Key Region-Specific Dynamics
10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Welding Process
10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.3.6.1. Germany
10.3.6.2. UK
10.3.6.3. France
10.3.6.4. Italy
10.3.6.5. Russia
10.3.6.6. Rest of Europe
10.4. South America
10.4.1. Introduction
10.4.2. Key Region-Specific Dynamics
10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Welding Process
10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.4.6.1. Brazil
10.4.6.2. Argentina
10.4.6.3. Rest of South America
10.5. Asia-Pacific
10.5.1. Introduction
10.5.2. Key Region-Specific Dynamics
10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Welding Process
10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.5.6.1. China
10.5.6.2. India
10.5.6.3. Japan
10.5.6.4. Australia
10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
10.6.1. Introduction
10.6.2. Key Region-Specific Dynamics
10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Welding Process
11. Competitive Landscape
11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis
12. Company Profiles
12.1. Lincoln Electric Holdings, Inc.*
12.1.1. Company Overview
12.1.2. Product Portfolio and Description
12.1.3. Financial Overview
12.1.4. Recent Developments
12.2. ESAB
12.3. Fronius International GmbH
12.4. Miller Electric Manufacturing Co.
12.5. Panasonic Corporation
12.6. Kemppi Oy
12.7. OTC Daihen Inc.
12.8. Voestalpine AG
12.9. ITW Welding (Illinois Tool Works Inc.)
12.10. Voestalpine Böhler Welding GmbH
LIST NOT EXHAUSTIVE
13. Appendix
13.1. About Us and Services
13.2. Contact Us

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