Market Overview:
Welding Power Supply is defined as a device which supplies current for the process of welding. Welding usually requires high current, it can be above 12000 amperes during spot welding. The market of the welding power supply is growing due to the increasing demand from the industries such as medical device technology, entertainment electronics, and photovoltaics. Also, advancement in the power supply provided to the welding is creating an opportunity for the rising market. While there are some factors which are hampering the market share instances of error in case of very high temperatures and lack of efficiency causing work to hamper.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | AMADA HOLDINGS (Japan), Colfax (United States), Fronius (Austria), Illinois Tool Works, Lincoln Electric, MEAN WEL (Taiwan), TDK Lambda (Japan), Siemens (Germany), General Electric (United States) and XP Power (Singapore) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics by major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of Welding Power Supply Market Study:
AMADA HOLDINGS (Japan), Colfax (United States), Fronius (Austria), Illinois Tool Works, Lincoln Electric, MEAN WEL (Taiwan), TDK Lambda (Japan), Siemens (Germany), General Electric (United States) and XP Power (Singapore)
In the last few years, Global market of Welding Power Supply developed rapidly, with an average growth rate of 4.8% in 2021, Global revenue of Welding Power Supply is nearly USD18.9 Billion. Major factors driving the market are Growing demand from industries such as medical device technology, photovoltaics, and entertainment electronics.
On the basis of product type, the Welding Power Supply market is segmented by AC welding power supply, Capacitve discharge, Transistor, DC inverter welding power supply and AC inverter welding power supply.
On the basis of applications, the Welding Power Supply market is segmented by Automotive, Construction, Shipbuilding, Aerospace and defense (A&D) and Others.
Latest Industry Highlights:
In May 2022- AMADA WELD TECH Europe announced the launch of the DC-H3000A high-duty DC spot welding power supply for high-precision micro joining applications..
Some of the other players that are also part of study are Murata Power Solutions, Artesyn, Cosel (Japan) and MTM Power (Germany). The Global Welding Power Supply market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Welding Power Supply market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Welding Power Supply market.
Identification of total players or companies operating in the global market which is further concentrated to a fewer or most impacting players which is considered under the reports scope. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Welding Power Supply, Suppliers of Welding Power Supply, Wholesalers, Distributors and Retailers, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.