Market Challenges And Opportunities

Improved dimensional restoration and reconditioning are expected to be major factors that will influence the industry growth positively

Arc welding and thermal spraying are among the few conventional methods that have many drawbacks such as low desired outputs, difficulty in installation and high operational costs. Moreover, conventional methodologies require large heat volumes and additional corrective machining for these processes, which adds on to the operational costs and production time. Utilization of high power laser diodes for cladding and reconditioning purposes in turn optimizes the operational costs. Furthermore, requirement to improve the overall process efficiency, product life and material performance will fuel the demands for these systems through the forecast period.