Market Overview:
The global inverter plasma cutter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for plasma cutters in various end-use industries, such as automobile industry, metal processing, equipment manufacturing, and others. In addition, the growing demand for portable and lightweight plasma cutters is also contributing to the growth of this market. However, high initial cost and lack of awareness about benefits offered by these devices are some of the factors restraining the growth of this market. Based on type, 220V inverter plasma cutter held a major share in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030. This can be attributed to their low cost as compared with 380V inverter plasma cutters.
Product Definition:
An inverter plasma cutter is a device that uses an electric arc to cut through metal. It is important because it can make cleaner and more precise cuts than traditional gas-powered plasma cutters.
220V:
The 220V is the common power supply voltage used across the world. It is a versatile power source that can be easily transformed to any desired voltage by inverter technology. The growing demand for electric tools in various industrial sectors including construction, automotive, and electronics among others has been driving the 220V market over recent years.
Inverter plasma cutters are equipped with advanced control systems that regulate current and ensure maximum performance during cutting operations.
380V:
Inverter plasma cutters are used for cutting steel and other ferrous materials. They produce a plasma arc which is an ionized gas that generates heat to enable the material to be swiftly heated to a very high temperature and then reduced down to its final shape. The inverter in this device converts the direct current (DC) electricity into alternating current (AC). It uses less power as compared with the conventional systems making it more efficient for continuous operation.
Application Insights:
The global inverter plasma cutter market is segmented on the basis of application into automobile industry, metal processing, equipment manufacturing and others. The automotive application accounted for a major share in 2017 owing to increasing demand for high-tech products that can help improve vehicle efficiency and reduce environmental impact. In addition, growing concerns over energy conservation have led to an increased focus on using energy-efficient technologies across the globe.
The metal processing segment is expected to register a significant CAGR of XX% from 2018 to 2030 as these devices offer superior cutting performance when compared with conventional gas or electric powered saws & lasers.
Regional Analysis:
Asia Pacific dominated the global inverter plasma cutter market in 2017. The region is expected to continue its dominance over the forecast period as well owing to increasing demand for metal processing and automobile industry products in countries such as China, India, Japan, South Korea and Taiwan. In addition, rising investments by governments of developing countries such as Indonesia and Malaysia are anticipated to boost regional growth over the next eight years.
The growing manufacturing sector coupled with favorable government regulations pertaining to energy efficiency is expected to drive demand for these plasma cutters in Europe during the forecast period. Increasing use of these devices by manufacturers operating within medical equipment segment is also likely contribute towards regional growth over the coming years.
Growth Factors:
- Increasing demand for Inverter Plasma Cutter in automotive and aerospace industry
- Rising demand for Inverter Plasma Cutter from small and medium-sized enterprises (SMEs)
- Growing popularity of Inverter Plasma Cutter among hobbyists and DIY enthusiasts
- Technological advancements in the design of Inverter Plasma Cutters
- Increasing adoption of Inverter Plasma Cutters in educational institutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Inverter Plasma Cutter Market Research Report
By Type
220V, 380V
By Application
Automobile Industry, Metal Processing, Equipment Manufacturing, Other
By Companies
Esab, Hypertherm, Komatsu, Messer Cutting Systems, Nissan Tanaka, Ajan Elektronik, Automated Cutting Machinery, C&G Systems, Ermaksan, Esprit Automation, Haco, Hornet Cutting Systems, Jmtusa, Kerf Developments, Kjellberg Finsterwalde, Koike Aronson, Miller Electric Mfg, Multicam, Sick, Spiro International, The Lincoln Electric Company, Voortman Steel Machinery, Wuhan Farley Laserlab Cutting Welding System, Wurth
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Inverter Plasma Cutter Market Report Segments:
The global Inverter Plasma Cutter market is segmented on the basis of:
Types
220V, 380V
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
Automobile Industry, Metal Processing, Equipment Manufacturing, 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:
- Esab
- Hypertherm
- Komatsu
- Messer Cutting Systems
- Nissan Tanaka
- Ajan Elektronik
- Automated Cutting Machinery
- C&G Systems
- Ermaksan
- Esprit Automation
- Haco
- Hornet Cutting Systems
- Jmtusa
- Kerf Developments
- Kjellberg Finsterwalde
- Koike Aronson
- Miller Electric Mfg
- Multicam
- Sick
- Spiro International
- The Lincoln Electric Company
- Voortman Steel Machinery
- Wuhan Farley Laserlab Cutting Welding System
- Wurth
Highlights of The Inverter Plasma Cutter 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:
- 220V
- 380V
- By Application:
- Automobile Industry
- Metal Processing
- Equipment Manufacturing
- 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 Inverter Plasma Cutter 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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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?
An inverter plasma cutter is a type of cutting machine that uses an electric arc to cut materials. The electric arc creates a hot, high-velocity gas that cuts through the material.
Some of the major players in the inverter plasma cutter market are Esab, Hypertherm, Komatsu, Messer Cutting Systems, Nissan Tanaka, Ajan Elektronik, Automated Cutting Machinery, C&G Systems, Ermaksan, Esprit Automation, Haco, Hornet Cutting Systems, Jmtusa, Kerf Developments, Kjellberg Finsterwalde, Koike Aronson, Miller Electric Mfg, Multicam, Sick, Spiro International, The Lincoln Electric Company, Voortman Steel Machinery, Wuhan Farley Laserlab Cutting Welding System, Wurth.
The inverter plasma cutter market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Inverter Plasma Cutter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Inverter Plasma Cutter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Inverter Plasma Cutter Market - Supply Chain
4.5. Global Inverter Plasma Cutter Market Forecast
4.5.1. Inverter Plasma Cutter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Inverter Plasma Cutter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Inverter Plasma Cutter Market Absolute $ Opportunity
5. Global Inverter Plasma Cutter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Inverter Plasma Cutter Market Size and Volume Forecast by Type
5.3.1. 220V
5.3.2. 380V
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Inverter Plasma Cutter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Inverter Plasma Cutter Market Size and Volume Forecast by Application
6.3.1. Automobile Industry
6.3.2. Metal Processing
6.3.3. Equipment Manufacturing
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Inverter Plasma Cutter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Inverter Plasma Cutter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Inverter Plasma Cutter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Inverter Plasma Cutter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Inverter Plasma Cutter Demand Share Forecast, 2019-2026
9. North America Inverter Plasma Cutter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Inverter Plasma Cutter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Inverter Plasma Cutter Market Size and Volume Forecast by Application
9.4.1. Automobile Industry
9.4.2. Metal Processing
9.4.3. Equipment Manufacturing
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Inverter Plasma Cutter Market Size and Volume Forecast by Type
9.7.1. 220V
9.7.2. 380V
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Inverter Plasma Cutter Demand Share Forecast, 2019-2026
10. Latin America Inverter Plasma Cutter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Inverter Plasma Cutter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Inverter Plasma Cutter Market Size and Volume Forecast by Application
10.4.1. Automobile Industry
10.4.2. Metal Processing
10.4.3. Equipment Manufacturing
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Inverter Plasma Cutter Market Size and Volume Forecast by Type
10.7.1. 220V
10.7.2. 380V
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Inverter Plasma Cutter Demand Share Forecast, 2019-2026
11. Europe Inverter Plasma Cutter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Inverter Plasma Cutter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Inverter Plasma Cutter Market Size and Volume Forecast by Application
11.4.1. Automobile Industry
11.4.2. Metal Processing
11.4.3. Equipment Manufacturing
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Inverter Plasma Cutter Market Size and Volume Forecast by Type
11.7.1. 220V
11.7.2. 380V
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Inverter Plasma Cutter Demand Share, 2019-2026
12. Asia Pacific Inverter Plasma Cutter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Inverter Plasma Cutter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Inverter Plasma Cutter Market Size and Volume Forecast by Application
12.4.1. Automobile Industry
12.4.2. Metal Processing
12.4.3. Equipment Manufacturing
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Inverter Plasma Cutter Market Size and Volume Forecast by Type
12.7.1. 220V
12.7.2. 380V
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Inverter Plasma Cutter Demand Share, 2019-2026
13. Middle East & Africa Inverter Plasma Cutter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Inverter Plasma Cutter Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Inverter Plasma Cutter Market Size and Volume Forecast by Application
13.4.1. Automobile Industry
13.4.2. Metal Processing
13.4.3. Equipment Manufacturing
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Inverter Plasma Cutter Market Size and Volume Forecast by Type
13.7.1. 220V
13.7.2. 380V
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Inverter Plasma Cutter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Inverter Plasma Cutter Market: Market Share Analysis
14.2. Inverter Plasma Cutter Distributors and Customers
14.3. Inverter Plasma Cutter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Esab
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hypertherm
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Komatsu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Messer Cutting Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nissan Tanaka
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ajan Elektronik
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Automated Cutting Machinery
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. C&G Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ermaksan
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Esprit Automation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Haco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hornet Cutting Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jmtusa
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kerf Developments
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kjellberg Finsterwalde
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Koike Aronson
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Miller Electric Mfg
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Multicam
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sick
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Spiro International
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
