About Heating Torches
A Heating Torch is an instrument or gadget that is utilized to heat up a substance regardless it is air, metal, plastic, or different materials. Heating torches commonly give an approach to rapidly heat a concentrated space of material for utilizations like trim, metallurgy, solidifying, and cementing. Heating Torches also called flame heaters to use fire as a method for giving extreme heating to warming an article or an actual space. In industry and development, heating torches and flame heaters are little, hand-held gas burners that make a hot fire and are typically powered by oxygen and acetylene, or oxygen and propane. In an application, a head torch is introduced inside a blood analyzer to make ongoing film cuvettes, permitting blood to be put away and tried onboard the instrument. Heating torches and flame heaters used in jewelry making are often fueled by butane, propane, MAPP, or a mixture of propane and oxygen.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The leading players in the market gain a competitive advantage, make new development in technology, and launch new technology in the market that satisfies the industrial need. Also, leading players are marking new collaborations in order to combine the technology of both and develop new technology advancements. Analyst at AMA Research estimates that Chinese Manufacturers will contribute the maximum growth to Global Heating Torches market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lincoln Electric (United States), Tutco-Farnam (United States), MORRIS PRECISION TECHNOLOGY CO., LTD (Taiwan), Messer Cutting Systems GmbH. (India), M. Sharif & Company (Pakistan), ESAB (Sweden), L.B. White (United States), Ningbo Yinzhou Yongsheng Tools Manufacturing Co., Ltd. (China), Longxing Welding & Cutting Technology Co., Ltd. (China), Qingdao Guosheng Welding and Cutting Equipment Co., Ltd. (China) and QINGDAO HAKIN GROUP CO., LTD (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Dahyalal Karia & Company (India), Sri Sai Heat Engg. Works (India) and Shiv Krupa Industries (India).
Segmentation Overview
AMA Research has segmented the market of Global Heating Torches market by Type (Low Pressure, Middle Pressure and Large Pressure), Application (Medical, Jewelry, Manufacturing and Industrial and Construction) and Region.
On the basis of geography, the market of Heating Torches 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).
Influencing Trend:
Development of the manufacturing industry increases the usage of heating torches and Growing industrialization in developing countries increase the demand for heating torches
Market Growth Drivers:
The rise in investments in research and development of products and technologies and Increase in the application of heating torches for different applications
Challenges:
Development of manufacturing industries in emerging countries and Lowering the cost by developing cost-efficient technology
Restraints:
Heating Torches are developing technology and High initial investment costs involved regarding heating torches
Opportunities:
Development of full proof technology that satisfies all industries need and Emerging economies entering in the market and become a leading player
Market Leaders and their expansionary development strategies
In December 2022, Lincoln Electric Holdings, Inc. announce that it has completed the previously announced acquisition of Fori Automation, LLC (“Fori”) and closed on a USD 400 million senior secured term loan to partially fund the acquisition.
In Dec 2020, in collaboration with The Harris Products Group a Lincoln Electric company and the leader in cutting Lincoln Electric introduces the VRTEX OxyFuel Cutting feature, bringing welding and cutting together for education by enabling users to practice torch cutting safely and virtually. From setting up the torch to executing the cut, each task is designed to simulate real-world cutting applications.
Key Target Audience
Industrial Associations, Government Regulatory Bodies, Manufacturing Equipment Suppliers, Medical Equipment Supplier and Technology Research Institutions
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.