Global Plasma Cutting Torches Market Growth 2023-2029

Global Plasma Cutting Torches Market Growth 2023-2029

Plasma cutting torches usually use a copper nozzle to constrict the gas stream with the arc flowing through it. That arc jumps from an electrode in the torch to something else – usually the conductive material being cut. That’s a ‘transferred arc’. There are some systems that use a ‘non-transferred’ arc where it jumps from the electrode back to the nozzle, but those are not usually used for cutting. So that means that plasma cutting is only used for materials that are conductive, primarily mild steel, stainless steel, and aluminum. But lots of other metals and alloys are conductive too, such as copper, brass, titanium, monel, inconel, cast iron, etc. The problem is that the melting temperature of some of those metals makes them difficult to cut with a good quality edge.
LPI (LP Information)' newest research report, the “Plasma Cutting Torches Industry Forecast” looks at past sales and reviews total world Plasma Cutting Torches sales in 2022, providing a comprehensive analysis by region and market sector of projected Plasma Cutting Torches sales for 2023 through 2029. With Plasma Cutting Torches sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plasma Cutting Torches industry.
This Insight Report provides a comprehensive analysis of the global Plasma Cutting Torches landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Plasma Cutting Torches portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Plasma Cutting Torches market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plasma Cutting Torches and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plasma Cutting Torches.
The global Plasma Cutting Torches market size is projected to grow from US$ 205.9 million in 2022 to US$ 287.4 million in 2029; it is expected to grow at a CAGR of 287.4 from 2023 to 2029.
According to the Segmentation of types, all the market of Plasma Cutting Torches can be divided as follows: The first main kind is Low Frequency it hold a comparatively larger share in global market, which accounts for about 64% in 2019.Another main kind is High Frequency, High Frequency share the rest about 36% market share in 2019.
From the view of region, North America have a larger market share in 2019 which account for nearly 32%. Europe and Asia-Pacific hold a market share of about 28% and about 31%.
The world leading players in the Plasma Cutting Torches market are Colfax Corporation(ESAB), Abicor Binzel, Lincoln Electric, IKA, Hypertherm, Inc., ITW(Miller) and so on. These Top 5 companies currently account for more than 49% of the total market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Plasma Cutting Torches market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
High Frequency Cutting Torches
Low Frequency Cutting Torches
Segmentation by application
Aerospace
Automotive
Metal Fabrication
Shipbuilding
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Colfax Corporation
Abicor Binzel
Lincoln Electric
Hypertherm, Inc.
ITW(Miller)
Voestalpine Böhler Welding
Trafimet Group
EWM
Sumig
Migatronic
Parker Torchology
Tecmo
Shanghai Innotec
OTC DAIHEN
Changzhou Huarui
Jinan North Welding
Autogen-Ritter
Translas
Changzhou Long Welding
Termmei Torch & Tip
Specialised Welding Products (SWP)
Black Wolf (Changzhou Golden Globe)
Jiangyin Xinlian Welding Equipment

Key Questions Addressed in this Report
What is the 10-year outlook for the global Plasma Cutting Torches market?
What factors are driving Plasma Cutting Torches market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Plasma Cutting Torches market opportunities vary by end market size?
How does Plasma Cutting Torches break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.