Global Welding Power Supply Market 2022-2026

Global Welding Power Supply Market 2022-2026

Technavio has been monitoring the welding power supply market and it is poised to grow by $ 2.47 bn during 2022-2026, accelerating at a CAGR of 6.12% during the forecast period. Our report on the welding power supply market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by energy efficiency due to inverter-based welding power supply, rising demand from the construction industry, and increasing import of steel in the US.

The welding power supply market analysis includes the end-user segment and geographic landscape.

Technavio's welding power supply market is segmented as below:

By End-user

• Automotive
• Construction
• Shipbuilding
• Aerospace and defense
• Others

By Geographical Landscape

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

This study identifies the adoption of magnesium alloy in the automotive welding industry as one of the prime reasons driving the welding power supply market growth during the next few years. Also, the emergence of laser welding and the advent of welding intelligence will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the welding power supply market covers the following areas:

• Welding power supply market sizing
• Welding power supply market forecast
• Welding power supply market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading welding power supply market vendors that include 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. Also, the welding power supply market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.