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Welding Equipment & Consumables Market Size

  • Report ID: GMI2050
  • Published Date: Aug 2023
  • Report Format: PDF

Welding Equipment & Consumables Market Size

Welding Equipment & Consumables Market size is projected to exhibit around 4.5% CAGR from 2023 to 2032, driven by the rising inclination towards renewable energy sources worldwide.


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The surging global concerns about climate change have escalated the emphasis on renewable energy sources, such as solar, wind energy, and hydroelectric power. The incessant need for considerable infrastructure for generating, distribution, and maintenance by these sources has amplified the adoption of welding processes. Furthermore, the increasing preference for hydrogen to ensure reliable energy generation for renewables is accelerating the demand for efficient energy supply grids. The rising importance of pipelines, tankers, and hydrogen storage facilities will also drive the market growth.

Market Growth Drivers and Restraints

Technological advancements in welding equipment and consumables, such as the integration of automation, robotics, and digital solutions are anticipated to propel the market growth. The higher adoption of modern materials and techniques along with the surging focus on real-time monitoring and data analytics has led to the increasing optimization of welding processes and reduced downtime to meet the rising needs of modern manufacturing and construction. Additionally, the shortage of skilled welders may pose as a significant restraint for the Welding Equipment & Consumables market growth. 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for welding equipment & consumables is projected to expand at more than 4.5% CAGR from 2023 to 2032, attributed to the rising inclination towards renewable energies across the globe.

The oxy-fuel segment generated substantial revenue in 2022 and is set to witness over 4.2% CAGR from 2023 to 2032, attributed to the ongoing engineering activities across several industries.

North America held sizeable share of the welding equipment & consumables industry in 2022 and is poised to register 4% CAGR through 2032, owing to the large-scale oil and shale gas extraction operations in this region.

DAIHEN Corporation, Arcon, Doncasters Group, Miller Electric, ESAB Group, Lincoln Electric Company, Miyachi America Corporation, Fronius International GmbH, Obara Corporation, Panasonic Corporation, and Sonics & Materials

Welding Equipment & Consumables Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 188
  • Countries covered: 17
  • Pages: 263
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