TIG Welding Machines Market Scope
Tungsten Inert Gas Welding (TIG) or Gas Tungsten Arc Welding (GTAW) is an arc welding process where a non-consumable electrode is used for the welding. The weld area and electrode are protected from oxidation by the inert shielding gas which may be Argon or Helium. The filler metal is usually used in welding. The TIG welding equipment is used for thin sheets of stainless steel and nonferrous material like aluminum, magnesium, and copper alloys.
The TIG Welding Machines market study is segmented by Type (DC TIG Welding System, AC/DC TIG Welding System and Pulse TIG Welding System), by Application (Automotive, Building and Construction, Heavy Engineering, Railway & Shipbuilding and Others) and major geographies with country level break-up.
The global TIG welding machine market is consolidated as fewer players are offering the product to the end-use industry. Major players are adopting strategies like technological advancements, product innovation, mergers, and acquisitions, to compete in the local market. Moreover, they are offering highly qualified and more compact, handier, more efficient machines to fulfill the demand of the market.
ESAB (United States), Panasonic Corporation (Japan), Migatronic A/S (Denmark), Kemppi Oy (Finland), CEA S.P.A. (Italy), TWI Ltd. (United Kingdom), R-Tech Welding Equipment Ltd. (United Kingdom), Cruxweld Industrial Equipments (P) Limited (India), Sai Arc India Private Limited (India) and Quality Engineering Private Limited (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Arcraft Plasma Equipments Pvt. Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global TIG Welding Machines market by Type, Application and Region.
On the basis of geography, the market of TIG Welding Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In 2016, ESAB has acquired Arc Machines, Inc. AMI is the industry leader in automated orbital TIG welding and will add complementary technology and a strong global brand to the ESAB portfolio.
In 2020, R-Tech Welding Equipment Ltd. Has launched New 250Amp Single Phase TIG, TIG251 is the highest amperage single-phase TIG available in the UK. It features pulse welding technology in both AC and DC modes and allows for far greater control of heat into the weld pool.
Market Trend
- Growing Popularity of Inverter TIG cum ARC Welding Machine
Market Drivers
- Rapid Growth of Automotive and Construction Industry in Developing Economies
- Compact and Portability of TIG Welding Machine
Opportunities
- Increasing Infrastructure Developments across the Globe
- Rise in Government Spending on Heavy Engineering Works
Restraints
- High Cost as Compared to Traditional Welding Machine Owing To Technology
Challenges
- Lack of Professionals and Trained Workforce
Key Target Audience
TIG Welding Machines Manufacturers, Components and Parts Suppliers, Traders/Distributors/Suppliers, Industrial Bodies & Associations, Government and Public Bodies, End-Use Industry and Others
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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