About Plasma Cutting Machine
Plasma cutting is a type of cutting that uses a plasma arc to cut through a variety of materials, including metals, plastics, and composites. The plasma arc is created by passing a high-voltage electrical current through a gas, such as argon or nitrogen, which ionizes the gas and creates a plasma stream. The plasma stream is then directed at the material to be cut, where it melts and vaporizes the material. The global plasma-cutting machine market is expected to continue to grow in the coming years, driven by the factors mentioned above. The market is expected to be particularly strong in developing countries, where the demand for these machines is expected to grow rapidly.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 7.5% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Plasma Cutting Machine 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.
ESAB(Sweden), Hypertherm(United States), Komatsu (Japan), Messer Cutting Systems(India), AJAN ELEKTRONIK (Turkey), Automated Cutting Machinery (Canada), C&G Systems (United States), ERMAKSAN(United States), Esprit Automation(United Kingdom) and HACO (Australia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hornet Cutting Systems(United States), Kerf Developments (United Kingdom), Kjellberg Finsterwalde (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Plasma Cutting Machine market by Type (Portable and Fixed) and Region.
On the basis of geography, the market of Plasma Cutting Machine 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 Technology, the sub-segment i.e. Conventional Plasma Cutting Machines will boost the Plasma Cutting Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Plasma Cutting Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating Mode, the sub-segment i.e. Automatic will boost the Plasma Cutting Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Output, the sub-segment i.e. Low Power (Up to 100 Amps) will boost the Plasma Cutting Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasingly focus on offering a wide portfolio of products to their end-users
Market Growth Drivers:
With the growing need for manufacturing functional metallic parts, rapid Manufacturing processes have become the focus of increasing research and development. and Increasing demand from the automotive, aerospace, and shipbuilding sectors. With the growing demand for automated cutting technology and equipment, various manufacturers are focusing on enhancing the cutting efficiency of their products
Challenges:
High cost associated with the machines
Restraints:
Availability of the alternate methods for plasma cutting such as laser cutting methods
Opportunities:
The recent advancements in manufacturing technology have enabled manufacturers to make parts and products faster, with better quality, and more Complexibility
Market Leaders and their expansionary development strategies
In March 2019 Hypertherm acquired OMAX, Hypertherm and OMAX have signed a merger agreement effective in April, combining the companies’ portfolios of waterjet and other industrial cutting technologies.
In August 2020 Komatsu Industries Corp. lunched the new high-performance plasma cutting machine TWISTER TFPL10-6 and TFPL08-6 in August 2020, the company informed on the site. They are large plasma cutting machine for cutting medium and heavy thickness plate with Komatsu original leading technology.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Plasma Cutting Machine Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
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.