Market Overview:
The global TIG welding power supply 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 TIG welding power supplies from various end-use industries, such as automotive and shipbuilding. In addition, the growing demand for TIG welding power supplies in emerging economies is also contributing to the growth of this market. On the basis of type, the global TIG welding power supply market can be segmented into single-phase and three-phase. The three-phase segment is expected to account for a larger share of this market than the single-phase segment during the forecast period. On the basis of application, this market can be divided into automotive, shipbuilding and other applications.
Product Definition:
A TIG welding power supply is a device that supplies electricity to a tungsten inert gas (TIG) welder. The purpose of the TIG welding power supply is to provide an adjustable current and voltage so that the welder can create a weld that is both strong and consistent.
Single-phase:
Single-phase power supply is the simplest type of power supply used in TIG welding. It has one output voltage level and one input voltage level. The single-phase power supply can be easily connected to any equipment such as MIG welder, TIG welder or stick electrode welder etc., Single-Phase Power Supply (SPPS) is a widely accepted standard in the welding industry and it's easy to identify because of it's unique shape.
Three-phase:
The three-phase power supply is a device that provides electrical energy to the welding equipment. It consists of an AC source converted by a transformer to a different voltage level and supplied through the welding cable. The three-phase power supply has different phases for supplying current at different voltages.
It can be defined as follows: A Three phase power supply system comprises of 3 wires from which 2 wires are connected to the input terminals.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. Automotive industry primarily uses spot welding process, which requires a high level of energy deposition. TIG welding provides higher heat input as compared to other processes like MIG or flux cored arc welding, thus making it suitable for automotive applications.
Automotive sector in India is expected to witness rapid growth owing to increasing demand for vehicles with low maintenance cost and fuel efficiency coupled with ease of doing business in the country due to new government initiatives such as ¢â‚¬Å“Make-In-India¢â‚¬ policy by Prime Minister Narendra Modi.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. Increasing industrialization across these countries has resulted in growing demand for power supplies for TIG welding machines. Furthermore, rising investments from foreign players are anticipated to contribute towards growth of the regional market over the next eight years. For instance, Mitsubishi Electric Corporation invested USD X million in 2016 for development of electric arc welder technology with an aim toward commercialization by 2018 at Tokyo Olympics 2020 Summer Games Venue Site (Japan).
Europe accounted for a significant share owing to presence of major automotive manufacturers such as BMW Group; Daimler AG; Ford Motor Company; Opel Rheinland GmbH & Co., KGaA.; Volkswagen Group A/S; Fiat Chrysler Automobiles N.V.
Growth Factors:
- Increasing demand for TIG welding from the automotive and aerospace industries due to the superior weld quality it produces.
- Growing popularity of TIG welding among DIY enthusiasts and hobbyists due to its ease of use and versatility.
- Rising demand for TIG welding in manufacturing applications owing to its ability to produce high-quality welds with low levels of distortion.
- Technological advancements that have led to the development of more advanced TIG welding power supplies, making them more efficient and easier to use than ever before.
- The increasing popularity of laser-based Tig Welding systems, which offer a number of advantages over traditional arc-based systems, such as improved weld quality and reduced operator fatigue
Scope Of The Report
Report Attributes
Report Details
Report Title
TIG Welding Power Supply Market Research Report
By Type
Single-phase, Three-phase, Other
By Application
Automotive, Shipbuilding, Others
By Companies
ESAB, AXXAIR, Orbitec GmbH, CLOOS, CEBORA, Arc Machines, Voestalpine Böhler Welding Selco, KÜHTREIBER, Heinz Soyer Bolzenschweißtechnik GmbH
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global TIG Welding Power Supply Market Report Segments:
The global TIG Welding Power Supply market is segmented on the basis of:
Types
Single-phase, Three-phase, Other
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
Automotive, 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:
- ESAB
- AXXAIR
- Orbitec GmbH
- CLOOS
- CEBORA
- Arc Machines
- Voestalpine Böhler Welding Selco
- KÜHTREIBER
- Heinz Soyer Bolzenschweißtechnik GmbH
Highlights of The TIG Welding Power Supply 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-phase
- Three-phase
- Other
- By Application:
- Automotive
- 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 TIG Welding Power Supply 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.
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- 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 TIG Welding Power Supply is a device that provides power to a TIG welder.
Some of the major players in the tig welding power supply market are ESAB, AXXAIR, Orbitec GmbH, CLOOS, CEBORA, Arc Machines, Voestalpine B¶hler Welding Selco, KœHTREIBER, Heinz Soyer BolzenschweiŸtechnik GmbH.
The tig welding power supply 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 TIG Welding Power Supply 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 TIG Welding Power Supply Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 TIG Welding Power Supply 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 TIG Welding Power Supply 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 TIG Welding Power Supply Market Size & Forecast, 2018-2028
4.5.1 TIG Welding Power Supply Market Size and Y-o-Y Growth
4.5.2 TIG Welding Power Supply Market Absolute $ Opportunity
Chapter 5 Global TIG Welding Power Supply 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 TIG Welding Power Supply Market Size Forecast by Type
5.2.1 Single-phase
5.2.2 Three-phase
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global TIG Welding Power Supply 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 TIG Welding Power Supply Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Shipbuilding
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global TIG Welding Power Supply 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 TIG Welding Power Supply 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 TIG Welding Power Supply Analysis and Forecast
9.1 Introduction
9.2 North America TIG Welding Power Supply 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 TIG Welding Power Supply Market Size Forecast by Type
9.6.1 Single-phase
9.6.2 Three-phase
9.6.3 Other
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 TIG Welding Power Supply Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Shipbuilding
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 TIG Welding Power Supply Analysis and Forecast
10.1 Introduction
10.2 Europe TIG Welding Power Supply 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 TIG Welding Power Supply Market Size Forecast by Type
10.6.1 Single-phase
10.6.2 Three-phase
10.6.3 Other
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 TIG Welding Power Supply Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Shipbuilding
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 TIG Welding Power Supply Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific TIG Welding Power Supply 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 TIG Welding Power Supply Market Size Forecast by Type
11.6.1 Single-phase
11.6.2 Three-phase
11.6.3 Other
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 TIG Welding Power Supply Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Shipbuilding
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 TIG Welding Power Supply Analysis and Forecast
12.1 Introduction
12.2 Latin America TIG Welding Power Supply 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 TIG Welding Power Supply Market Size Forecast by Type
12.6.1 Single-phase
12.6.2 Three-phase
12.6.3 Other
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 TIG Welding Power Supply Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Shipbuilding
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) TIG Welding Power Supply Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) TIG Welding Power Supply 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) TIG Welding Power Supply Market Size Forecast by Type
13.6.1 Single-phase
13.6.2 Three-phase
13.6.3 Other
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) TIG Welding Power Supply Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Shipbuilding
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 TIG Welding Power Supply Market: Competitive Dashboard
14.2 Global TIG Welding Power Supply Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ESAB
14.3.2 AXXAIR
14.3.3 Orbitec GmbH
14.3.4 CLOOS
14.3.5 CEBORA
14.3.6 Arc Machines
14.3.7 Voestalpine Böhler Welding Selco
14.3.8 KÜHTREIBER
14.3.9 Heinz Soyer Bolzenschweißtechnik GmbH
