Market Overview:
The global plasma torch 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 plasma torches in various applications such as gasification furnace, cracking furnace, melting furnace and others. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing demand for plasma torches from countries such as China and India.
Product Definition:
A plasma torch is a device that uses an electric arc to create a high-temperature plasma. The plasma is then used to cut or weld metals. Plasma torches are often used in fabrication and manufacturing because they can produce clean, precise cuts.
High Frequency Plasma:
High-frequency plasma is a form of ionized gas that occurs naturally in the sun. It's eruptions can be seen with the naked eye and are called solar flares. These high frequency plasmas have different characteristics from low-frequency plasma (LFP). LFPs are produced by electrical discharge between two gases or between a gas and a solid surface.
Arc Plasma:
The arc plasma is a form of ionized gas that produces light by the effect of electric current. It has been used as an electrode material in various applications such as arc welding, cutting, and heating. The most commonly used electrodes are tungsten electrodes and carbon steel electrodes. The production process involves high voltage electricity which is generated through power plants or generators; this electricity then flows to the electrode where it is converted into a plasma channel using a switch mode power supply (SMPS).
Application Insights:
The others application segment includes cold plasma, hot isostatic pressing (IP) and gasification/cracking furnace. Arc plasma was the most widely used type of the market for global plasma torch in 2017 owing to its ability to provide high energy density with low maintenance cost. The technology also allows for a shorter arc length which results in higher efficiency. Arc plasmas can be used across multiple industries including metal treatment, cutting & welding and chemical processing among others as they deliver high quality products with less consumption of material leading from the source material.
Gasification furnace is expected to be one of the fastest-growing application segments over the forecast period due to rising demand for coal bed methane (CBM) plants across various regions coupled with increasing awareness regarding fossil fuel depletion among nations globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and technological advancements in plasma torch manufacturing, especially in U.S.
Asia Pacific is expected to witness significant growth over the next eight years owing to rising industrialization and expanding end-use industry across countries such as China, India and Japan among others will boost regional product demand Plasma torch has a wide range of applications including gasification furnaces; cracking furnaces; melting furnaces; glass making process etc.
Growth Factors:
- Increasing demand for plasma torches from the automotive and aerospace industries due to their high-quality performance and precision.
- Growing popularity of plasma torches in the construction industry as they are used for cutting metal sheets, pipes, and other materials quickly and easily.
- Rising demand for plasma torches from small businesses that require portable devices with low power consumption.
- Technological advancements in the design of plasma torches that are resulting in better performance and efficiency.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plasma Torch Market Research Report
By Type
High Frequency Plasma, Arc Plasma
By Application
Gasification Furnace, Cracking Furnace, Melting Furnace, Others
By Companies
Praxair Surface Technologies, Westinghouse Electric Corporation, Lincoln Electric, High Temperature Technologies, Pyrogenesis, Tri-Star Technologies, PEAT International, Harrick Plasma, MEC Thermal Spray
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Plasma Torch Market Report Segments:
The global Plasma Torch market is segmented on the basis of:
Types
High Frequency Plasma, Arc Plasma
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
Gasification Furnace, Cracking Furnace, Melting Furnace, 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:
- Praxair Surface Technologies
- Westinghouse Electric Corporation
- Lincoln Electric
- High Temperature Technologies
- Pyrogenesis
- Tri-Star Technologies
- PEAT International
- Harrick Plasma
- MEC Thermal Spray
Highlights of The Plasma Torch 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:
- High Frequency Plasma
- Arc Plasma
- By Application:
- Gasification Furnace
- Cracking Furnace
- Melting Furnace
- 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 Plasma Torch 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?
Plasma Torch is a mobile app that allows users to heat up metal objects with a plasma arc.
Some of the major companies in the plasma torch market are Praxair Surface Technologies, Westinghouse Electric Corporation, Lincoln Electric, High Temperature Technologies, Pyrogenesis, Tri-Star Technologies, PEAT International, Harrick Plasma, MEC Thermal Spray.
The plasma torch 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 Plasma Torch 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 Plasma Torch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plasma Torch 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 Plasma Torch 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 Plasma Torch Market Size & Forecast, 2018-2028
4.5.1 Plasma Torch Market Size and Y-o-Y Growth
4.5.2 Plasma Torch Market Absolute $ Opportunity
Chapter 5 Global Plasma Torch 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 Plasma Torch Market Size Forecast by Type
5.2.1 High Frequency Plasma
5.2.2 Arc Plasma
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plasma Torch 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 Plasma Torch Market Size Forecast by Applications
6.2.1 Gasification Furnace
6.2.2 Cracking Furnace
6.2.3 Melting Furnace
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plasma Torch 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 Plasma Torch 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 Plasma Torch Analysis and Forecast
9.1 Introduction
9.2 North America Plasma Torch 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 Plasma Torch Market Size Forecast by Type
9.6.1 High Frequency Plasma
9.6.2 Arc Plasma
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 Plasma Torch Market Size Forecast by Applications
9.10.1 Gasification Furnace
9.10.2 Cracking Furnace
9.10.3 Melting Furnace
9.10.4 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 Plasma Torch Analysis and Forecast
10.1 Introduction
10.2 Europe Plasma Torch 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 Plasma Torch Market Size Forecast by Type
10.6.1 High Frequency Plasma
10.6.2 Arc Plasma
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 Plasma Torch Market Size Forecast by Applications
10.10.1 Gasification Furnace
10.10.2 Cracking Furnace
10.10.3 Melting Furnace
10.10.4 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 Plasma Torch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plasma Torch 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 Plasma Torch Market Size Forecast by Type
11.6.1 High Frequency Plasma
11.6.2 Arc Plasma
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 Plasma Torch Market Size Forecast by Applications
11.10.1 Gasification Furnace
11.10.2 Cracking Furnace
11.10.3 Melting Furnace
11.10.4 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 Plasma Torch Analysis and Forecast
12.1 Introduction
12.2 Latin America Plasma Torch 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 Plasma Torch Market Size Forecast by Type
12.6.1 High Frequency Plasma
12.6.2 Arc Plasma
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 Plasma Torch Market Size Forecast by Applications
12.10.1 Gasification Furnace
12.10.2 Cracking Furnace
12.10.3 Melting Furnace
12.10.4 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) Plasma Torch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plasma Torch 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) Plasma Torch Market Size Forecast by Type
13.6.1 High Frequency Plasma
13.6.2 Arc Plasma
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) Plasma Torch Market Size Forecast by Applications
13.10.1 Gasification Furnace
13.10.2 Cracking Furnace
13.10.3 Melting Furnace
13.10.4 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 Plasma Torch Market: Competitive Dashboard
14.2 Global Plasma Torch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Praxair Surface Technologies
14.3.2 Westinghouse Electric Corporation
14.3.3 Lincoln Electric
14.3.4 High Temperature Technologies
14.3.5 Pyrogenesis
14.3.6 Tri-Star Technologies
14.3.7 PEAT International
14.3.8 Harrick Plasma
14.3.9 MEC Thermal Spray
