The welding consumables are of different types as SAW wires, fluxes, fluxed-cored wires, stick electrodes and more. High growth of automobile and construction industry and rapid growth of oil and gas industry are expected to growth the global welding consumables market. Recently in July 2020, a new Ranger 260MPX, a compact design and digital interface with low carbon foot prints was added by Lincoln Electric, a manufacturer of welding products, welding consumables and arc welding equipment’s. However, slow adoption of advanced welding technologies is expected to be the limiting factor for the global welding consumables market growth over the forecast period.
According to Coherent Market Insights, Global Welding Equipment Market was valued at US$ 15,499.67 Mn in 2021 and is expected to reach US$ 38,337.17 Mn by 2030, growing at a CAGR of 10.7 % between 2022 and 2030.
Leading Companies in the Welding Equipment Industry:
1. Voestalpine AG
Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The company is headquartered in Linz, Austria. The company was founded 1938. On January 2023, With the acquisition of Metaltec AG in Pieterlen, Switzerland, voestalpine is further expanding the high-quality segment range of its subsidiary High Performance Metals Division.
2. The Lincoln Electric Company
The company was founded in 1895 and is headquartered in Cleveland, Ohio. Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. On October 2022, the company acquired announced today that it has signed a definitive agreement to acquire Fori Automation, Inc.
3. Arcon Welding Equipment
ARCON Welding Equipment, LLC was founded in December, 1999. Arcon Welding Equipment's headquarters are located at 2300 Northwood Dr, Salisbury, Maryland, 21801, United States. It is ISO certified company but also have certifications from Bureau of Indian Standard which adds credibility to our products. The clients of the company are L&T, IOCL, NTPC, BHEL, GAIL, ONGC, TATA Steel, Indian Railways, Airport Authority of India and many other private and government undertakings in India & overseas.
4. Fronius International GmbH
Th company was Established in 1945 and headquartered in Wels, Austria, Fronius International is a photovoltaic manufacturer that works in the fields of battery charging systems, welding technology, and solar electronics. Fronius is active in the fields of welding technology, photovoltaics and battery charging technology.
5. Obara Corporation
Obara Group Incorporated was founded in 1955 and is headquartered in Yamato, Japan. Obara Group Incorporated engages in the manufacture and sale of resistance welder, arc welder, laser equipment, polisher, cleaner/washer, and the consumables in Japan and internationally.
6. DAIHEN Corporation
DAIHEN Corporation manufactures and sells power products, welding machines, and industrial and clean transfer robots. The company operates through Power Products Business, Welding & Mechatronics Business, Semiconductor and FPD Related Business, and other segments. DAIHEN Corporation was incorporated in 1919 and is headquartered in Osaka, Japan. DAIHEN Corporation acquired Femitec Gmbh from Geh family on May 2, 2022.
7. Illinois Tool Works
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.
8. Panasonic Corporation
Panasonic Holdings Corporation was founded in 1918 and is headquartered in Kadoma, Japan. Panasonic Holdings Corporation, together with its subsidiaries, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through Appliances, Life Solutions, Connected Solutions, Automotive, and Industrial Solutions segments. On April 2021, Panasonic announced that it has acquired Blue Yonder, an end-to-end, digital fulfillment platform provider.
9. Amada Miyachi, Inc.
Amada Miyachi Shanghai Corporation was founded in 1972. The company's line of business includes the wholesale distribution of industrial machinery and equipment. It is headquartered in Isehara, Kanagawa, Japan and develops, manufactures, sells, and services products and systems for metal sheet processing, metal cutting, pressing, and machine tooling. The company is ISO certified and ITAR registered.
10. Rofin-Sinar Technologies
Rofin-Sinar Technologies, Inc. develops, manufactures, and markets laser-based products used for cutting, welding, and marking a wide range of industrial materials. The Company, through its global network, provides a range of laser solutions to the machine tool, automotive, and semiconductor and electronics industries. The company was founded in 1975, headquartered in Michigan U.S.
*Definition- the process of joining metals and thermoplastics by coalescence is called welding
