Market analysis Welding and cutting – an insight into the sector
The write-up focuses on the welding and cutting equipment market and also provides an overview on the different types of welding techniques.
In the manufacturing space, welding and cutting is one of the most common techniques for production. Welding can be segregated into different types such as arc welding, resistant welding, oxy-fuel welding and cutting, and so on.
Arc welding is carried out when metal has to be joined to metal. In this process, electricity is used to melt the metal and once the heated section cools down again it binds the metal. Electricity in the form of direct (DC) or alternating (AC) current is utilised. Arc welding processes may be manual, semi-automatic, or fully automated. This form of welding is popular while dealing with fabrication of steel structures and vehicles.
Resistance welding is used for joining metal sheets and components. A strong current is discharged to heat up and melt the metals at specific points that have been predetermined by the design of the electrodes or the workpieces to be welded. During this process, force is applied before, during and after the application of the current to restrict the contact area of the weld interfaces. Resistance welding processes can be segmented into several categories but the most vital ones are spot welding, projection welding, seam welding and butt welding.
Oxy-fuel welding uses fuel gases to weld and oxygen to cut metals. In this process, localized melting of the workpiece material is carried out in a room environment and pure oxygen is used to increase the flame temperature. It is one of the oldest welding processes but is rarely used in industries as various arc welding methods offer more consistent mechanical weld properties and faster application.
Welding and cutting market
The global welding and cutting industry has been witnessing strong growth from various end-user industries such as upcoming power generation projects, automotive & transportation industry and offshore developments. Steel consumption across the globe is also one of the vital sectors contributing to the growth of this industry.
According to a report by Global Industry Analysts, the global market for welding machinery is projected to reach 24.4 billion dollars by 2022. It is reported that Asia is the world’s largest market for welding equipment followed by North America and Europe – including the UK. It is estimated that since emerging economies – China and India have shown high growth rates in construction, automotive manufacturing and general industry, they will be vital for the growth of this segment. Another report by Persistence Market Research explained that China emerged as the world’s largest steel nation in 2012, which helped to increase its market for joining, cutting and surfacing technology. Diverse Chinese businesses and organisations have a strong demand for welding services and associated technology. In the years to come and as the economy grows, the demand is only expected to rise.
The report also mentions that ‘rapid industrialisation’ is the core reason behind the increase in global demand for welding and cutting equipment. It also predicts the market to grow strongly till 2020. Other fast-growing nations such as Brazil and Russia will also help to sustain the industry and see an expansion in revenues, it claimed.
The welding and cutting industry is poised for growth and is expected to fair well in the coming years!
For more news visit our facebook page or twitter.