Market Overview:
The global submerged ARC welding equipment 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 submerged ARC welding equipment in various applications, such as structural construction, pressure vessel, chemical, shipbuilding and others. Additionally, factors such as rising industrialization and growing investments in infrastructure are also contributing to the growth of this market. On the basis of type, the global submerged ARC welding equipment market is segmented into tractors, column and booms, power source/welders, feed head and controller. Among these segments, tractors held a major share of the global market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their ability to weld large surfaces quickly and easily.
Product Definition:
Submerged arc welding (SAW) is a process in which an electric arc is maintained below the surface of the workpiece by using a flux-coated electrode wire. The molten weld and slag are protected from the atmosphere by being submerged in the flux.
Tractors:
Tractors are motor vehicles with heavy-duty chassis and wheels, designed for towing or plowing. Tractors are used in various industries including agriculture, construction and mining. The global tractors' market is expected to witness significant growth over the forecast period owing to its increasing demand from the Asia Pacific region especially China and India.
Column And Booms:
The column and booms are the equipment used to raise or lower the filler material in a pool of liquid metal during an arc welding process. The basic function of this equipment is to provide vertical movement for changing the position of weld pool.
It’s made up of two parts, boom and column which are joined together by means of a hinge pin at its base.
Application Insights:
The structural construction application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for steel structures in various applications including bridges, buildings, etc. Sustained growth of infrastructure activities across the globe is expected to drive product demand over the coming years.
Structural construction was followed by chemical processing which accounted for 13.9% revenue share in 2017 owing to high product penetration.
Regional Analysis:
Asia Pacific and Latin America are anticipated to be the key regional markets over the forecast period. The Asia Pacific market is expected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing government investments in infrastructure development projects, which will drive product demand across various industries including construction, marine, and others. In addition, rising disposable income levels coupled with rapid urbanization in emerging economies such as China and India will support industry growth.
Europe accounted for more than 25% of the global revenue share in 2017 due to high penetration rates of MSAW equipment used for underwater welding operations on account of favorable environmental conditions along with technological advancements pertaining structural applications along with other factors such as presence or major shipbuilding companies also contribute toward regional growth rate. Moreover, stringent regulations by agencies such as European Maritime Safety Agency (EMSA) pertaining safety standards while operating SAW equipment are further expected boost adoption rates across this region during the forecast period.
Growth Factors:
- Increasing demand for submerged arc welding equipment in the automotive and aerospace industries due to the growing need for high-quality and durable welds.
- Rising demand from developing countries due to the increasing industrialization and infrastructure development in these regions.
- Growing popularity of submerged arc welding as a cost-effective alternative to other welding processes such as gas tungsten arc welding (GTAW) and gas metal arc welding (GMAW).
- Technological advancements that have led to the development of more advanced submerged arc welding equipment, making it easier and faster to produce high-quality welds.
- The increasing use of robotic automation in submerged arc welding, which has helped reduce labor costs and improve productivity
Scope Of The Report
Report Attributes
Report Details
Report Title
Submerged ARC Welding Equipment Market Research Report
By Type
Tractors, Column And Booms, Power Source/Welders, Feed Head, Controller
By Application
Structural Construction, Pressure Vessel, Chemical, Shipbuilding, Others
By Companies
Lincoln Electric, Miller, ESAB, Voestalpine
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Submerged ARC Welding Equipment Market Report Segments:
The global Submerged ARC Welding Equipment market is segmented on the basis of:
Types
Tractors, Column And Booms, Power Source/Welders, Feed Head, Controller
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
Structural Construction, Pressure Vessel, Chemical, Shipbuilding, 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:
- Lincoln Electric
- Miller
- ESAB
- Voestalpine
Highlights of The Submerged ARC Welding Equipment 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:
- Tractors
- Column And Booms
- Power Source/Welders
- Feed Head
- Controller
- By Application:
- Structural Construction
- Pressure Vessel
- Chemical
- Shipbuilding
- 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 Submerged ARC Welding Equipment 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?
Submerged arc welding equipment is a type of welding equipment that uses an arc to weld metal. The submerged arc Welding Equipment uses a wire feeder and an electrode holder to create the weld.
Some of the major companies in the submerged arc welding equipment market are Lincoln Electric, Miller, ESAB, Voestalpine.
The submerged arc welding equipment 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 Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment Market Size & Forecast, 2018-2028
4.5.1 Submerged ARC Welding Equipment Market Size and Y-o-Y Growth
4.5.2 Submerged ARC Welding Equipment Market Absolute $ Opportunity
Chapter 5 Global Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment Market Size Forecast by Type
5.2.1 Tractors
5.2.2 Column And Booms
5.2.3 Power Source/Welders
5.2.4 Feed Head
5.2.5 Controller
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment Market Size Forecast by Applications
6.2.1 Structural Construction
6.2.2 Pressure Vessel
6.2.3 Chemical
6.2.4 Shipbuilding
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment Market Size Forecast by Type
9.6.1 Tractors
9.6.2 Column And Booms
9.6.3 Power Source/Welders
9.6.4 Feed Head
9.6.5 Controller
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 Submerged ARC Welding Equipment Market Size Forecast by Applications
9.10.1 Structural Construction
9.10.2 Pressure Vessel
9.10.3 Chemical
9.10.4 Shipbuilding
9.10.5 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 Submerged ARC Welding Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment Market Size Forecast by Type
10.6.1 Tractors
10.6.2 Column And Booms
10.6.3 Power Source/Welders
10.6.4 Feed Head
10.6.5 Controller
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 Submerged ARC Welding Equipment Market Size Forecast by Applications
10.10.1 Structural Construction
10.10.2 Pressure Vessel
10.10.3 Chemical
10.10.4 Shipbuilding
10.10.5 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 Submerged ARC Welding Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment Market Size Forecast by Type
11.6.1 Tractors
11.6.2 Column And Booms
11.6.3 Power Source/Welders
11.6.4 Feed Head
11.6.5 Controller
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 Submerged ARC Welding Equipment Market Size Forecast by Applications
11.10.1 Structural Construction
11.10.2 Pressure Vessel
11.10.3 Chemical
11.10.4 Shipbuilding
11.10.5 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 Submerged ARC Welding Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Submerged ARC Welding Equipment 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 Submerged ARC Welding Equipment Market Size Forecast by Type
12.6.1 Tractors
12.6.2 Column And Booms
12.6.3 Power Source/Welders
12.6.4 Feed Head
12.6.5 Controller
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 Submerged ARC Welding Equipment Market Size Forecast by Applications
12.10.1 Structural Construction
12.10.2 Pressure Vessel
12.10.3 Chemical
12.10.4 Shipbuilding
12.10.5 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) Submerged ARC Welding Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Submerged ARC Welding Equipment 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) Submerged ARC Welding Equipment Market Size Forecast by Type
13.6.1 Tractors
13.6.2 Column And Booms
13.6.3 Power Source/Welders
13.6.4 Feed Head
13.6.5 Controller
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) Submerged ARC Welding Equipment Market Size Forecast by Applications
13.10.1 Structural Construction
13.10.2 Pressure Vessel
13.10.3 Chemical
13.10.4 Shipbuilding
13.10.5 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 Submerged ARC Welding Equipment Market: Competitive Dashboard
14.2 Global Submerged ARC Welding Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lincoln Electric
14.3.2 Miller
14.3.3 ESAB
14.3.4 Voestalpine
