Inverter welding, cutting equipment market up by 18%

China’s  inverter welding & cutting equipment market reached Rmb10.4 billion (US$1.65 billion) in 2012, up 18% from a year earlier, and contributing 31% to the welding & cutting equipment market value from 29% in 2010, according to Research and Markets.

In view of the uncertainty of China’s economic growth over the next two years, the growth rate of the overall welding & cutting equipment market is expected to remain at about 5% in 2013-2014, and the growth rate of the inverter welding & cutting equipment market will be 12-13% because of ever high substitution rate.

As a new type of welding & cutting equipment, inverter welding & cutting equipment is replacing traditional one in most fields by virtue of high working frequency, fast response, excellent welding performance, energy saving and environmental friendliness, small size and light weight, and its market growth rate is higher than the average level of the whole welding & cutting equipment market.