Global Inverter Welding Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Inverter Welding Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

It is a new welding power supply. This kind of power supply generally converts the three-phase power frequency (50Hz) AC network voltage into DC after rectification and filtering by an input rectifier, and then reversely converts it into intermediate frequency AC voltage of several kHz to several tens of khz through the alternating switching action of high-power switching electronic components (thyristor SCR, transistor GTR, field effect transistor MOSFET or IGBT). at the same time, it reduces the voltage to several tens of v suitable for welding through a transformer, and then rectifies again and outputs fairly stable DC welding current through reactive filtering.

Market Overview:

The latest research study on the global Inverter Welding Machine market finds that the global Inverter Welding Machine market reached a value of USD 9465.9 million in 2022. It’s expected that the market will achieve USD 12480.37 million by 2028, exhibiting a CAGR of 4.72% during the forecast period.

Drivers

Automatic welding equipment is favored in various industries
Automated welding machines are being used on a large scale in all walks of life to speed up the production process and produce high quality products. Manufacturing units in various industries are installing automated welding assembly lines to achieve maximum speed during the welding process, resulting in better products. To achieve automation on a large scale, manufacturers offer pre-configured robotic welding units. This can reduce over-welding, improve quality, and speed up overall production. Various industries, including automobiles, buildings and buildings, are becoming highly automated. Therefore, the company is using an automatic welding machine. Welding equipment manufacturers are also conducting extensive research to develop welding techniques and equipment to help weld new materials used in various industries.
Wide use of arc welding technology
Arc welding is the most preferred technique for the manufacture of pipes, offshore structures and other process equipment. Arc welding technology is widely used in chassis components because it is easy to connect continuously and provides high strength and rigidity joints. Advanced arc welding technology has also been introduced to increase productivity and efficiency. The increasing trend of vehicle body weight reduction has also driven the demand for advanced arc welding technology. However, arc welding still has great applications in joining thick plates to build large steel structures. At the same time, advanced arc welding technology is increasing productivity and efficiency compared to conventional arc welding techniques.

Opportunities

Manual arc welding machine
Inverter manual arc welding machines have mostly adopted new electronic components such as IGBTs, and some have replaced arc welding rectifiers in some occasions, but their reliability is still different from that of general manual arc welding machines. In the future, it is necessary to develop a highly reliable and versatile inverter welder suitable for harsh welding environment conditions.
MIG/MAG welder
MIG/MAG welding machine should continue to develop push-pull wire feeding mechanism and pulse MIG/MAG welding machine to make obvious improvements in arc initiation, arc closing and spatter reduction. The wire feeding mechanism controlled by microprocessor is also the direction of development.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (32.55% in 2022).

Company Overview:

Lincoln is one of the major players operating in the Inverter Welding Machine market, holding a share of 15.51% in 2023.

Lincoln

Lincoln Electric Holdings, Inc., through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group.

Panasonic

Panasonic Corporation, together with its subsidiaries, develops, produces, sells, and services electrical and electronic products under the Panasonic brand name worldwide. It operates through Appliances, Eco Solutions, Connected Solutions, Automotive & Industrial Systems, and Other segments.

Segmentation Overview:

Among different product types, MIG/MAG Inverter welder segment is anticipated to contribute the largest market share in 2028.

MMA Inverter Welder

MMA stands for, Manual Metal Arc Welding also known as stick welding. This form of manual welding is where a welder uses a consumable electrode covered with a flux to lay the weld to the parent material.

MIG/MAG Inverter welder

MIG/MAG is similar to MMA in that heat for welding is produced by forming an arc between a consumable metal electrode and the workpiece; the electrode melts to form the weld bead. The main difference is that the metal electrode is a small diameter wire fed from a spool, and a shielding gas is fed through the torch.

TIG Inverter welder

TIG stands for tungsten inert gas and is technically called gas tungsten arc welding (GTAW). The process uses a non-consumable tungsten electrode that delivers the current to the welding arc. The tungsten and weld puddle are protected and cooled with an inert gas.

Application Overview:

By application, the High-Tech Industry (Nuclear Energy) segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Inverter Welding Machine market covered in Chapter 3:

Lincoln
Esab
Panasonic
Riland
Jasic
Auweld
Hugong
Time Group
GYS
Kende
WTL
OTC
Kaierda
Fronius
Aotai
Miller
Migatronic
Sansha Electric

In Chapter 4 and Chapter 14.2, on the basis of types, the Inverter Welding Machine market from 2018 to 2029 is primarily split into:

MMA Inverter Welder
MIG/MAG Inverter welder
TIG Inverter welder
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Inverter Welding Machine market from 2018 to 2029 covers:

High-Tech Industry (Nuclear Energy)
Heavy Industry (Wind Tower Fabrication)
Light Industry (Farm & Ranch)

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)