Market Overview:
The global horizontal tank welder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for horizontal tank welders from various end-use industries, such as oilfield, nuclear power plant, and others. In addition, the growing demand for automated welding systems is also contributing to the growth of this market.
Product Definition:
A Horizontal Tank Welder is a welding machine that welds metal plates together to form horizontal storage tanks. These tanks are often used to store oil, gasoline, or other liquids. The importance of a Horizontal Tank Welder is that it can quickly and efficiently weld large metal plates together to create a stable tank structure.
Single Side:
Single side is a welding technique where the welder stands on one side of the work piece and welds while facing the same direction. It is a basic process that has been used by many different cultures throughout history. The single-side technique can be done with gas, liquid or solid material and it's also known as Vertical Welding in other welding techniques.
The single-side horizontal tank welder market size was valued at USD 1,849 million in 2016.
Double Side:
Double side is a type of welding equipment used in the manufacturing industry for joining two metal sheets together. It's an advanced technology that uses heat and electricity to weld the metals at high speed and with less filler material. The filler material can be easily removed after the process is done.
The horizontal tank welder has several advantages over other welding techniques such as it’s faster, uses less energy, produces cleaner joints,.
Application Insights:
The oilfield application segment accounted for the largest share of over 40.0% in 2017 and is projected to witness significant growth over the forecast period. The increasing demand for crude oil and natural gas worldwide has led to an increase in drilling activities, which has resulted in an increased requirement of horizontal tank welders.
Horizontal tank welders are used onshore as well as offshore, where there is a high requirement of containment structures, pipelines and production facilities at the time when water resources are scarcer than land ones. Onshore applications mainly include refineries, petrochemical plants along with other chemical processing units where crude oil or natural gas is transformed into value-added products through several processes such as refining, petrochemicals & polymers manufacturing etc., Thus resulting in higher product demand onshore compared to offshore applications across various regions globally.
Regional Analysis:
Asia Pacific dominated the global horizontal tank welder market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for oil & gas, chemical and petrochemical industries in China and India. In addition, rising government spending on infrastructure development is anticipated to drive product demand across this region.
North America accounted for a major share of revenue in 2017 owing to high penetration rates of horizontal well drilling activities coupled with shale boom witnessed across this region. In addition, growing nuclear power plant construction activities are also projecteded drive product demand over the next eight years.
Growth Factors:
- Increasing demand for horizontal tank welders in the automotive and transportation industry due to the growing popularity of fuel-efficient vehicles.
- The increasing demand for horizontal tank welders from the construction and infrastructure sector owing to the growth in urbanization and industrialization.
- Rising demand for horizontal tank welders from small-scale businesses due to their low cost and easy operability.
- Growing popularity of automated welding systems, which is expected to drive the adoption of horizontal tank welders in various industries over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Horizontal Tank Welder Market Research Report
By Type
Single Side, Double Side, Others
By Application
Oilfield, Nuclear Power Plant, Others
By Companies
Koike Aronson Ransome, BUG-O Systems, Tank Welding LLC, Irizar Heavy Industries Inc., Key Plant, Anateco SA, WINCOO Engineering, Zhengzhou Yueda Technology Equipment Co., Ltd, All Time, Shandong Shuipo Welding & Cutting Equipment, Nanjing Automation Co.,Ltd
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
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Horizontal Tank Welder Market Report Segments:
The global Horizontal Tank Welder market is segmented on the basis of:
Types
Single Side, Double Side, Others
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
Oilfield, Nuclear Power Plant, Others
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:
- Koike Aronson Ransome
- BUG-O Systems
- Tank Welding LLC
- Irizar Heavy Industries Inc.
- Key Plant
- Anateco SA
- WINCOO Engineering
- Zhengzhou Yueda Technology Equipment Co., Ltd
- All Time
- Shandong Shuipo Welding & Cutting Equipment
- Nanjing Automation Co.,Ltd
Highlights of The Horizontal Tank Welder 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:
- Single Side
- Double Side
- Others
- By Application:
- Oilfield
- Nuclear Power Plant
- Others
- 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 Horizontal Tank Welder 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
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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?
A horizontal tank welder is a machine that uses a gas or electric arc to weld metal. It is used for welding large pieces of metal together.
Some of the key players operating in the horizontal tank welder market are Koike Aronson Ransome, BUG-O Systems, Tank Welding LLC, Irizar Heavy Industries Inc., Key Plant, Anateco SA, WINCOO Engineering, Zhengzhou Yueda Technology Equipment Co., Ltd, All Time, Shandong Shuipo Welding & Cutting Equipment, Nanjing Automation Co.,Ltd.
The horizontal tank welder market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Horizontal Tank Welder 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 Horizontal Tank Welder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Horizontal Tank Welder 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 Horizontal Tank Welder 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 Horizontal Tank Welder Market Size & Forecast, 2020-2028
4.5.1 Horizontal Tank Welder Market Size and Y-o-Y Growth
4.5.2 Horizontal Tank Welder Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Single Side
5.2.2 Double Side
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Oilfield
6.2.2 Nuclear Power Plant
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Horizontal Tank Welder 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 Horizontal Tank Welder 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Single Side
9.6.2 Double Side
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Oilfield
9.10.2 Nuclear Power Plant
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Single Side
10.6.2 Double Side
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Oilfield
10.10.2 Nuclear Power Plant
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Single Side
11.6.2 Double Side
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Oilfield
11.10.2 Nuclear Power Plant
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Single Side
12.6.2 Double Side
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Oilfield
12.10.2 Nuclear Power Plant
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Single Side
13.6.2 Double Side
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 Oilfield
13.10.2 Nuclear Power Plant
13.10.3 Others
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 Horizontal Tank Welder Market: Competitive Dashboard
14.2 Global Horizontal Tank Welder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koike Aronson Ransome
14.3.2 BUG-O Systems
14.3.3 Tank Welding LLC
14.3.4 Irizar Heavy Industries Inc.
14.3.5 Key Plant
14.3.6 Anateco SA
14.3.7 WINCOO Engineering
14.3.8 Zhengzhou Yueda Technology Equipment Co., Ltd
14.3.9 All Time
14.3.10 Shandong Shuipo Welding & Cutting Equipment
14.3.11 Nanjing Automation Co.,Ltd
