Global Thermal Spray Coating Equipment Market Growth 2023-2029

Global Thermal Spray Coating Equipment Market Growth 2023-2029

Thermal spray is a group of industrial processes that generally include the propelling of micrometer-sized particles of molten or semi-molten materials in order to create a protective or decorative coating on the surface of the desired substrate. The thermal spray coating provides various advantages to the end-users, such as lower coating cost, improved engineering performance, and increased component life. Thermal spray equipment are an integral part of every step in the thermal spray coating process and can be primarily segmented into thermal spray coating systems, dust collection equipment, spray guns and nozzles, feeder equipment, spare parts, noise-reducing enclosures, and others.

LPI (LP Information)' newest research report, the “Thermal Spray Coating Equipment Industry Forecast” looks at past sales and reviews total world Thermal Spray Coating Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermal Spray Coating Equipment sales for 2023 through 2029. With Thermal Spray Coating Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermal Spray Coating Equipment industry.

This Insight Report provides a comprehensive analysis of the global Thermal Spray Coating Equipment 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 Thermal Spray Coating Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermal Spray Coating Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermal Spray Coating Equipment 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 Thermal Spray Coating Equipment.

The global Thermal Spray Coating Equipment market size is projected to grow from US$ 323.1 million in 2022 to US$ 324.5 million in 2029; it is expected to grow at a CAGR of 324.5 from 2023 to 2029.

Global thermal spray coating equipment key players include Oerlikon Metco, Praxair Surface Technologies, Lincotek Equipment, GTV mbH, United Coatings Technologies (UCT), etc. Global top five manufacturers hold a share about 65%.

Europe is the largest market, with a share about 55%, followed by North America and China, both have a share about 30 percent.

In terms of product, plasma spray is the largest segment, with a share over 40%. And in terms of application, the largest application is power generation, followed by aerospace.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermal Spray Coating Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Plasma Spray

HVOF Spray

Arc Spray

Other

Segmentation by application

Aerospace

Oil & Gas

Steel Industry

Automotive & Transport

Power Generation

Other

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.

Oerlikon Metco

Praxair Surface Technologies

Lincotek Equipment

GTV mbH

United Coatings Technologies (UCT)

Metallisation Ltd

Thermion

Flame Spray Technologies (FST)

Guangzhou Sanxin Metal S&T

Plasma Giken

Zhengzhou Lijia

Kermetico

Shanghai Liangshi

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermal Spray Coating Equipment market?

What factors are driving Thermal Spray Coating Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermal Spray Coating Equipment market opportunities vary by end market size?

How does Thermal Spray Coating Equipment 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.