Welding Power Supply Market Size to Grow by USD 2.47 Bn, Dukane Corp. and Fronius International GmbH Among Key Vendors

NEW YORK, Nov. 1, 2022 /PRNewswire/ -- The welding power supply market size is expected to grow by USD 2.47 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 6.12% during the forecast period, according to Technavio. The energy efficiency due to inverter-based welding power supply is driving the welding power supply market growth. However, factors such as intense competition may challenge market growth.

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Welding Power Supply Market 2022-2026: Scope

The welding power supply market report covers the following areas:

Welding Power Supply Market Size

Welding Power Supply Market Trends

Welding Power Supply Market Industry Analysis

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Welding Power Supply Market 2022-2026: Vendor Analysis

AXXAIR, Ador Welding Ltd., Dukane Corp., Colfax Corp., GALA GAR SL, Fronius International GmbH, HBS Bolzenschweiss Systeme GmbH and Co. KG, HANGHAI HUGONG ELECTRIC (GROUP) CO. LTD., Illinois Tool Works Inc., KUHTREIBER Ltd., Kemppi Oy, Panasonic Corp., MTM Power Messtechnik Mellenbach GmbH, Shenzhen JASIC Technology Co. Ltd., RINCO ULTRASONICS AG, The Lincoln Electric Co., Telwin Spa, XP Power, Weber Ultrasonics AG, and Orbitec GmbH are among some of the major market participants. The key offerings of a few of these vendors are listed below:

Dukane Corp. - The company offers iQ auto plus ultrasonic generator welding power supply, designed for the automotive, aerospace, packaging, and textile industries.

Fronius International GmbH - The company offers transsteel 4000 pulse welding power supply, which is mostly designed for the heavy-duty steel construction sector.

Illinois Tool Works Inc. - The company offers Big Blue 500 Pro works welding power supply, which is used in the application of heavy construction, structural steel, mining maintenance, and process piping.

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Welding Power Supply Market 2022-2026: Segmentation

End-user

Geography

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Welding Power Supply Market 2022-2026: Driver and Challenge

Energy efficiency due to the inverter-based welding power supply is driving the market growth. Inverter-based power sources for welding offer a low power draw and high flexibility in terms of the number of units that can be run on the existing power. Space savings is another advantage of inverter-based welding power supply. Such factors will propel the market growth during the forecast period.

Intense competition will challenge market growth. This competition is leading to a decline in profit margins among vendors. Moreover, market expansion has increased the entry of local players, which has intensified price wars. These factors have led to the development and introduction of low-quality products, which is expected to hamper the growth of the welding power supply market during the forecast period.

Welding Power Supply Market 2022-2026: Key Highlights

CAGR of the market during 2022-2026

Detailed information on factors that will assist welding power supply market growth during the next five years

Approximation of the welding power supply market size and its contribution to the parent market

Forecasts on upcoming trends and changes in consumer behavior

The growth of the global welding power supply market

Analysis of the competitive landscape and detailed information on vendors

Comprehensive details of factors that will impede the growth of welding power supply market vendors

Related Reports

Welding Equipment Market by End-user and Geography - Forecast and Analysis 2022-2026: This report extensively covers market segmentation by end-user (automotive, construction, aerospace and defense, shipbuilding, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). 51% of the market's growth will originate from APAC during the forecast period. The market share growth by the automotive segment will be significant.

Industrial Welding Robots Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026: This report extensively covers segmentation by product (spot welding robots, arc welding robots, and laser welding robots), end-user (automotive, electrical and electronics, heavy machinery, and others), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). 60% of the market's growth will originate from APAC during the forecast period. The industrial welding robots market share growth in the spot welding robot segment will be significant.

Welding Power Supply Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.12%

Market growth 2022-2026

USD 2.47 billion

Market structure

Fragmented

YoY growth (%)

5.62

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 55%

Key consumer countries

US, Canada, China, Japan, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ador Welding Ltd., AXXAIR, Colfax Corp., Dukane Corp., Fronius International GmbH, GALA GAR SL, HANGHAI HUGONG ELECTRIC (GROUP) CO. LTD., HBS Bolzenschweiss Systeme GmbH and Co. KG, Illinois Tool Works Inc., Kemppi Oy, KUHTREIBER Ltd., MTM Power Messtechnik Mellenbach GmbH, Panasonic Corp., RINCO ULTRASONICS AG, Shenzhen JASIC Technology Co. Ltd., Telwin Spa, The Lincoln Electric Co., Weber Ultrasonics AG, XP Power, and Orbitec GmbH

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

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Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

4.1 Five forces summary

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

5 Market Segmentation by End-user

5.1 Market segments

5.2 Comparison by End-user

5.3 Automotive - Market size and forecast 2021-2026

5.4 Construction - Market size and forecast 2021-2026

5.5 Shipbuilding - Market size and forecast 2021-2026

5.6 Aerospace and defense - Market size and forecast 2021-2026

5.7 Others - Market size and forecast 2021-2026

5.8 Market opportunity by End-user

6 Customer Landscape

6.1 Customer landscape overview

7 Geographic Landscape

7.1 Geographic segmentation

7.2 Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

7.4 North America - Market size and forecast 2021-2026

7.5 Europe - Market size and forecast 2021-2026

7.6 South America - Market size and forecast 2021-2026

7.7 Middle East and Africa - Market size and forecast 2021-2026

7.8 China - Market size and forecast 2021-2026

7.9 US - Market size and forecast 2021-2026

7.10 Germany - Market size and forecast 2021-2026

7.11 Japan - Market size and forecast 2021-2026

7.12 India - Market size and forecast 2021-2026

7.13 Canada - Market size and forecast 2021-2026

7.14 Market opportunity by geography

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

9.3 Landscape disruption

9.4 Industry risks

10 Vendor Analysis

10.1 Vendors covered

10.2 Market positioning of vendors

10.3 Colfax Corp.

10.4 Dukane Corp.

10.5 Fronius International GmbH

10.6 Illinois Tool Works Inc.

10.7 KUHTREIBER Ltd.

10.8 RINCO ULTRASONICS AG

10.9 Telwin Spa

10.10 The Lincoln Electric Co.

10.11 Weber Ultrasonics AG

10.12 XP Power

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

11.3 Currency conversion rates for US$

11.4 Research methodology

11.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

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SOURCE Technavio