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

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

Plasma arc welding refers to a fusion welding method that uses plasma arc high-energy density beams as the welding heat source. Plasma arc welding has the characteristics of energy concentration, high productivity, fast welding speed, small stress and deformation, and stable electrical isolation. It is suitable for welding thin plates and box materials. It is especially suitable for welding various refractory, easily oxidized, and heat-sensitive metal materials (such as tungsten, molybdenum, copper, nickel, titanium, etc.).

Market Overview:

The latest research study on the global Plasma Welding Torches and Consumables market finds that the global Plasma Welding Torches and Consumables market reached a value of USD 404.74 million in 2022. It’s expected that the market will achieve USD 512.02 million by 2028, exhibiting a CAGR of 4.0% during the forecast period.

Plasma Welding Torches and Consumables Industry Trends

According to our research, the Global Plasma Welding Torches and Consumables market has a total revenue of 352.24 M USD back in 2016 and increased to 377.32 M USD in 2020. We made a series of functional calculations and deduced the past 4 year data with a scientific model. Finally, we made the prediction that the value of Plasma Welding Torches and Consumables markets can be 492.26 M USD by 2027. The CAGR of Plasma Welding Torches and Consumables is 3.96% from 2021 to 2027.

Europe is the largest Plasma Welding Torches market, with a market share of 42.39% in 2016 and 42.34% in 2020, a decrease of 0.05%. In 2020, the market share of Plasma Welding Torches in North America is 25.14%, ranking second. In addition, China's plasma welding torch market is expected to become a growing market. The development of the economy and the increase of downstream demand, technological innovation, and progress in these fields will promote the development of the plasma welding torch market.

At the same time, in recent years, environmental regulations in various countries have become stricter, prompting the market to shift to the integration of green technologies. Therefore, more and more manufacturers focus on the green and clean processes of the entire life cycle of welding products and are moving towards the integration of environmentally friendly advanced technologies. Integrating new energy-saving technologies to reduce smoke emissions in the environment may help manufacturers maintain their position and move toward a higher market share.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Industry Mergers & Acquisitions, Expansion

April 26, 2021-One of ABICOR BINZEL's goals is to further expand the shipyard, offshore, and energy markets. With the acquisition of S/P/A Welding Systems GmbH, a manufacturer of orbital welding products, a big step has been taken toward the goal of this project.

In the production of land and water pipelines, there are very special conditions that require tailor-made technology according to the situation. Each project requires a lot of expertise before the pipeline can be laid on the high seas or sometimes safely and effectively connected to the mainland under the most unfavorable conditions. ABICOR BINZEL is now able to acquire this knowledge by taking over S/P/A Welding Systems GmbH.

March 14, 2019-Kemppi acquired 100% of Italian welding gun manufacturer Trafimet Group SPA. The two companies will continue to operate as independent businesses. This acquisition brings a company with a strong position, especially in the after-sales market for welding torches and consumables. In addition to welding torches, the Trafimet product line also includes welding accessories, such as welder safety products. The company has a long history and its brands Trafimet, Sacit, and Ferro have a place in the market. After the acquisition, the two companies will also continue as independent businesses.

Abicor Binzel is one of the major players operating in the Plasma Welding Torches and Consumables market, holding a share of 25.35% in 2022.

Segmentation Overview:

Among different product types, the Plasma Welding Consumables segment is anticipated to contribute the largest market share in 2027.

Plasma arc welding refers to a fusion welding method that uses a plasma arc high-energy density beam as a welding heat source. A plasma welding torch is simply a welding tool. Plasma welding is a welding method that uses plasma welding torches.

Plasma welding consumables refer to some consumables in the process of using plasma welding guns, such as electrodes, nozzles, swirl rings, shields, etc. These parts need to be replaced frequently, so they are called plasma welding consumables.

Application Overview:

By application, the Automatic Welding segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Plasma Welding Torches and Consumables market covered in Chapter 3:

EWM
Parweld
Autogen-Ritter
Abicor Binzel
Tonks weld
Fronius International
ChengDu MaoXin

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

Plasma Welding Torches
Consumables

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

Manual Welding
Automatic Welding

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)