The 2023-2028 World Outlook for Arc Welding Equipment

The 2023-2028 World Outlook for Arc Welding Equipment

This study covers the world outlook for arc welding equipment across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers arc welding equipment as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for arc welding equipment is 3115147. It is for this definition that aggregate latent demand estimates are derived. Arc welding equipment is specifically defined as follows:

3115147 Concentrated milk products shipped in bulk (drums, tanks etc.) excl. substitutes

31151471 Concentrated milk products shipped in bulk (barrels, drums, and tanks)

3115147111 Concentrated milk products shipped in bulk (barrels, drums, and tanks), feed grade, including concentrated whey and buttermilk

3115147121 Concentrated whey (in terms of solids) shipped in bulk (barrels, drums, and tanks), food grade (except all types of ice cream mixes)

3115147131 All other concentrated milk products shipped in bulk (drums, barrels, and tanks), food grade (except ice cream and ice cream mixes)