What is Water Jet Technology?
Water jet technology consists of a very high-pressure water jet ejected at three times the speed sound from the cutting head. Water jet is mixed with an eco-friendly natural abrasive powder when apply to harder material. Water jet technology is a cold cutting process, it does not produce any mechanical or thermal deformation in the material. The technology doesn’t require any additional processing.
The market study is broken down by Type (Pure and Abrasive), by Application (Tank and Reactor Cleaning, Pipe and Tube Cleaning, Clean Boilers, Re-Heaters and Others) and major geographies with country level break-up.
Global Water Jet Technology is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. 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.
Omax (United States), Flow (United States), Koike Aronson (United States), Wardjet (United States), Dardi International (China), Lincoln Electric (United States), Techni Waterjet (Australia), KMT (United States), Colfax (United States) and Waterjet Sweden (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Innovative (India), Hornet Cutting System (United States), Waterjet Corporation (Italy) and Swaterjet (China).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Water Jet Technology market by Type, Application and Region.
On the basis of geography, the market of Water Jet Technology 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). If we see Market by End-Use Verticals, the sub-segment i.e. Aerospace and Defense will boost the Water Jet Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Velocity, the sub-segment i.e. 80 m/s will boost the Water Jet Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 15th May 2019, Lincoln Electric announced the acquisition of Kaynak Tekniği Sanayi ve Ticaret A.Ş. (“Askaynak”). The acquisition helps to increase the strategic growth of Lincoln Electric.
On 27th August 2021, Lincoln Electric a leader manufacturer of arc welding products established a new face for weld fume control products. The products are moving from red housing to an all-black look and offer the same benefits and features.
Market Trend
- Increasing Adoption Rate of New Technologies
Market Drivers
- Growing Applications of the Water Jet Technology in Aerospace Industry
- Surging Demand for Eco-Friendly Methods in Mining Sector
- Rapid Industrialization across the Globe
Opportunities
- Introduction of New Technologies will create Opportunities for the Water Jet Technology Market Growth
Restraints
- High Required Cost for the Water Jet Machining
- Fluctuation in Raw Material Prices
Challenges
- Regulatory Guidelines on the usage of Water Jet Technology
Key Target Audience
Water Jet Technology Manufacturers, Water Jet Technology Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.