Global welding market to reach US$14.8B by 2018

Arc welding machinery market is the major segment in the global welding machinery market. Future growth in the arc welding machinery market would be driven by sustained demand from the global energy industry. Arc welding is used for maintaining and repairing LNG (Liquefied Natural Gas) tanks, nuclear facilities, wind turbine installations and pipelines. Growth would also be spurred by the rising use of arc welding machinery in the transportation, automotive, infrastructure and construction industries; rapid industrialization of developing countries and development of corrosion-resistant filler metals and energy efficient machines. Laser welding machinery market is projected to grow rapidly in the coming years, driven partly by its increased adoption in new end-use sectors. Laser welding is expected to find increase application in heavy industrial manufacturing, especially shipbuilding, railways, steel production and light industrial manufacturing sectors. Europe represents the largest regional market for laser welding machinery.

In addition to several large companies, the market involves the participation of several small-scale companies offering niche/specialist services and products such as welding torches, screens and marking equipment. Major players profiled in the report include ACRO Automation Systems Inc., ARCON Welding LLC, Banner Welder Inc., Bohler Thyssen Welding USA Inc., British Federal Ltd., Daihen Corporation, ESAB Holdings Ltd., Fronius International GmbH, IDEAL-Werk C+E Jungeblodt GmbH & Co. KG, Illinois Tool Works Inc., Kemppi Oy, L Air Liquide S.A., Lincoln Electric Holdings Inc., Motoman Inc., Panasonic Welding Systems Co. Ltd., Rofin-Sinar Technologies Inc., and Sonics & Materials Inc., among others.