Market Overview:
The global arc welding power source market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for arc welding power sources in various applications, such as construction, automotive, heavy equipment, electronics, energy and railway. Arc welding is a process of joining two metals by heating them with an electric arc and then filling the joint with molten metal. This process offers several advantages over other traditional methods of welding such as resistance spot welding and gas tungsten arc welding (GTAW). Arc welders are available in different types such as stick equipment, TIG equipment MIG/MAG equipment and multi-process equipment.
Product Definition:
An Arc Welding Power Source is a device that supplies electricity to an arc welder. It is important because it provides the power necessary to create the welding arc.
Stick Equipment:
Stick equipment is used to transfer welding current from the power source to the work piece. It comprises of a handle, cable, stick or wire electrode and a plug that connects it to the power source. The market for stick equipment is driven by factors such as growing demand for arc welding in automotive industry coupled with technological advancements in manufacturing process such as automation and robotics.
TIG Equipment:
TIG ( Touches Ionization Gases ) equipment is used in arc welding to produce a power source. TIG equipment can be utilized to weld all types of metals and is an ideal choice for joining dissimilar metals. It offers various advantages over other welding techniques, which has resulted in its increased popularity among the industrial players across the globe.
Application Insights:
The construction application segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the increasing use of stick equipment and TIG equipment in residential, commercial, and infrastructure construction applications. Arc welding is used extensively in heavy-duty machinery & equipment manufacturing owing to its ability to combine strength with light weight.
Arc welding is also used for joining pipes, tanks, silos etc., which are made from steel or other materials such as aluminum alloys or plastic composites.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in infrastructure activities, which has led to an increased demand for welding power sources. In addition, growing industrialization and rapid urbanization have resulted in increased construction activities across various economies including China, India, Japan, Indonesia among others. This scenario is projected to drive the regional market growth over the forecast period.
Growth Factors:
- Increasing demand for arc welding power sources in the automotive and aerospace industries due to the growing need for lightweight and durable materials.
- Rising demand from construction and infrastructure sectors owing to the increasing spending on infrastructure development projects worldwide.
- Growing popularity of arc welding among small-scale businesses as it is a cost-effective welding process compared to other methods such as gas tungsten arc welding (GTAW) and gas metal arc welding (GMAW).
- Technological advancements in arc welding power sources that are helping manufacturers reduce manufacturing costs, improve product quality, and increase efficiency.
- Stringent government regulations mandating use of Arc Welding Power Sources in safety critical applications such as oil & gas pipelines, nuclear reactors, etc., is propelling the growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Arc Welding Power Source Market Research Report
By Type
Stick Equipment, TIG Equipment, MIG/MAG Equipment, Multi-Process Equipment
By Application
Construction, Automotive, Heavy Equipment, Electronics, Energy, Railway, Other
By Companies
Lincoln Electric, Miller Electric, ESAB, Voestalpine, Panasonic, GYS, Telwin, JAVAC, Carmon, iBELL, Lincoln Electric, Fronius
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Arc Welding Power Source Market Report Segments:
The global Arc Welding Power Source market is segmented on the basis of:
Types
Stick Equipment, TIG Equipment, MIG/MAG Equipment, Multi-Process Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Automotive, Heavy Equipment, Electronics, Energy, Railway, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lincoln Electric
- Miller Electric
- ESAB
- Voestalpine
- Panasonic
- GYS
- Telwin
- JAVAC
- Carmon
- iBELL
- Lincoln Electric
- Fronius
Highlights of The Arc Welding Power Source Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stick Equipment
- TIG Equipment
- MIG/MAG Equipment
- Multi-Process Equipment
- By Application:
- Construction
- Automotive
- Heavy Equipment
- Electronics
- Energy
- Railway
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Arc Welding Power Source Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Arc welding power source is a device that converts electrical energy into heat and arc. It is used to weld metals by creating an electric arc between the tips of the electrodes.
Some of the major players in the arc welding power source market are Lincoln Electric, Miller Electric, ESAB, Voestalpine, Panasonic, GYS, Telwin, JAVAC, Carmon, iBELL, Lincoln Electric, Fronius.
The arc welding power source market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Arc Welding Power Source Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Arc Welding Power Source Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Arc Welding Power Source Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Arc Welding Power Source Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Arc Welding Power Source Market Size & Forecast, 2018-2028
4.5.1 Arc Welding Power Source Market Size and Y-o-Y Growth
4.5.2 Arc Welding Power Source Market Absolute $ Opportunity
Chapter 5 Global Arc Welding Power Source Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Arc Welding Power Source Market Size Forecast by Type
5.2.1 Stick Equipment
5.2.2 TIG Equipment
5.2.3 MIG/MAG Equipment
5.2.4 Multi-Process Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Arc Welding Power Source Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Arc Welding Power Source Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Automotive
6.2.3 Heavy Equipment
6.2.4 Electronics
6.2.5 Energy
6.2.6 Railway
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Arc Welding Power Source Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Arc Welding Power Source Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Arc Welding Power Source Analysis and Forecast
9.1 Introduction
9.2 North America Arc Welding Power Source Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Arc Welding Power Source Market Size Forecast by Type
9.6.1 Stick Equipment
9.6.2 TIG Equipment
9.6.3 MIG/MAG Equipment
9.6.4 Multi-Process Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Arc Welding Power Source Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Automotive
9.10.3 Heavy Equipment
9.10.4 Electronics
9.10.5 Energy
9.10.6 Railway
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Arc Welding Power Source Analysis and Forecast
10.1 Introduction
10.2 Europe Arc Welding Power Source Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Arc Welding Power Source Market Size Forecast by Type
10.6.1 Stick Equipment
10.6.2 TIG Equipment
10.6.3 MIG/MAG Equipment
10.6.4 Multi-Process Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Arc Welding Power Source Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Automotive
10.10.3 Heavy Equipment
10.10.4 Electronics
10.10.5 Energy
10.10.6 Railway
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Arc Welding Power Source Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Arc Welding Power Source Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Arc Welding Power Source Market Size Forecast by Type
11.6.1 Stick Equipment
11.6.2 TIG Equipment
11.6.3 MIG/MAG Equipment
11.6.4 Multi-Process Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Arc Welding Power Source Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Automotive
11.10.3 Heavy Equipment
11.10.4 Electronics
11.10.5 Energy
11.10.6 Railway
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Arc Welding Power Source Analysis and Forecast
12.1 Introduction
12.2 Latin America Arc Welding Power Source Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Arc Welding Power Source Market Size Forecast by Type
12.6.1 Stick Equipment
12.6.2 TIG Equipment
12.6.3 MIG/MAG Equipment
12.6.4 Multi-Process Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Arc Welding Power Source Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Automotive
12.10.3 Heavy Equipment
12.10.4 Electronics
12.10.5 Energy
12.10.6 Railway
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Arc Welding Power Source Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Arc Welding Power Source Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Arc Welding Power Source Market Size Forecast by Type
13.6.1 Stick Equipment
13.6.2 TIG Equipment
13.6.3 MIG/MAG Equipment
13.6.4 Multi-Process Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Arc Welding Power Source Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Automotive
13.10.3 Heavy Equipment
13.10.4 Electronics
13.10.5 Energy
13.10.6 Railway
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Arc Welding Power Source Market: Competitive Dashboard
14.2 Global Arc Welding Power Source Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lincoln Electric
14.3.2 Miller Electric
14.3.3 ESAB
14.3.4 Voestalpine
14.3.5 Panasonic
14.3.6 GYS
14.3.7 Telwin
14.3.8 JAVAC
14.3.9 Carmon
14.3.10 iBELL
14.3.11 Lincoln Electric
14.3.12 Fronius
