Welding Power Supply Market Size to Grow by $ 2.26 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the welding power supply market and it is expected to grow by $ 2.26 bn, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Welding Power Supply Market: Emerging Trends to Impact Market Growth

Adoption of magnesium alloy in the automotive welding industry to emerge as a key trend in the industrial welding power supply market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Welding Power Supply Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Colfax Corp., Dukane Corp., Fronius International GmbH, Illinois Tool Works Inc., KÜHTREIBER, The Lincoln Electric Co., RINCO ULTRASONICS AG, Telwin Spa, Weber Ultrasonics AG, and XP Power are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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Technavio has been monitoring the Global welding power supply market and it is expected to grow by $ 2.26 billion, progressing at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

APAC to lead market growth during the forecast period

• 48% of the market growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for welding power supply in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.
• The growth of end-user industries such as automotive, construction, and power will facilitate the welding power supply market growth in APAC over the forecast period.  
• The energy efficiency due to inverter-based welding supply is identified as a significant factor driving the welding power supply market growth. Inverter-based welding power sources are more economical and flexible regarding units that can be operated on existing power. 

Welding Power Supply Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Colfax Corp., Dukane Corp., Fronius International GmbH, Illinois Tool Works Inc., KÜHTREIBER, The Lincoln Electric Co., RINCO ULTRASONICS AG, Telwin Spa, Weber Ultrasonics AG, and XP Power are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report  

Welding Power Supply Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive Welding Power Supply Market growth during the next five years
• Precise estimation of the welding power supply market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the insecticides industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Welding power supply market vendors