Global Industrial High Power CW Fiber Laser Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial High Power CW Fiber Laser Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

High-power CW fiber lasers are defined as fiber lasers with output power ranging from 1 kW to more than 100 kW, and have a wide operating wavelength range, single-mode and multi-mode options, high stability and very long pump diode life.

Due to the high-power output, high power continuous wave fiber lasers are inherently brighter than other laser systems.

Market Overview:

The latest research study on the global Industrial High Power CW Fiber Laser market finds that the global Industrial High Power CW Fiber Laser market reached a value of USD 2051.67 million in 2022. It’s expected that the market will achieve USD 3930.03 million by 2028, exhibiting a CAGR of 11.44% during the forecast period.

Affect the normal operation of the industry

The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the Industrial High Power CW Fiber Laser industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the Industrial High Power CW Fiber Laser industry will gradually weaken. Production and sales will return to the original level and gradually increase.

Industrial automation will further develop

The epidemic will promote automated production in the industry, enabling manufacturers to hire more high-tech talents and multi-skilled compound workers, reduce dependence on labor, and better respond to labor fluctuations. At the same time, more and more attention will be paid to the standardization of components, the intelligentization of logistics and the enhancement of the anti-risk ability of the supply chain.

Strength

Heightened use of sheet metal in various end-use industries such as aerospace and automotive especially in design and manufacturing of lightweight automotive body panels is anticipated to augment the sales of high power CW Fiber Lasers.
Owing to the increasing demand for high power CW fiber laser, a large number of companies engaged in the production of the product are pouring in fresh investments. The fresh capital infusion is directed toward venturing into new markets, strengthening the production capacity, and introducing new product lines.

Weakness

The manufacturing processing involving laser technologies also results in non-linear optical effects
The downturn in the traditional automobile industry in recent years may be detrimental to the development of the industry.

Region Overview:

Geographically, Asia Pacific held the largest market share - 37.36% in 2021.

Company Overview

IPG Photonics is one of the major players operating in the Industrial High Power CW Fiber Laser market, holding a share of 44.29% in 2021.

IPG Photonics

IPG Photonics is the world leader in high-power fiber lasers, fiber amplifiers, hybrid fiber/solid-state lasers and diode lasers for use in a wide range of markets including materials processing, advanced technologies, telecommunications & medical applications. IPG manufactures fiber lasers operating at 0.5 5 microns. IPGs 1um and 1.5um fiber lasers and amplifiers are particularly popular in single-frequency and linearly-polarized variants; providing products having the best available combination of performance, reliability and price. IPG's newly developed 2-5 microns mid-IR lasers offer cost-effective solutions for sensing, spectroscopy, material processing & medical applications.

Coherent

Coherent, Inc. is a leading global supplier of industrial and fiber laser solutions headquartered in the United States for over 50 years. Their portfolio of lasers, tools and systems are used in a wide range of materials processing & scientific applications.

Segmentation Overview:

As for product types, the 1-2KW segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Metal Cutting, with a market share of 48.32% in 2021.

Key Companies in the global Industrial High Power CW Fiber Laser market covered in Chapter 3:

Fanuc
Maxphotonics
Fujikura
Coherent
Trumpf
IPG Photonics
Raycus
NLIGHT
Lumentum Operations

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial High Power CW Fiber Laser market from 2018 to 2029 is primarily split into:

1-2KW
2-6KW
>6KW

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial High Power CW Fiber Laser market from 2018 to 2029 covers:

Metal Cutting
Welding
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)