Welding Equipment Market, By Level of Automation, By Welding Technology, By Application, By Region (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa)

Published In : Jul 2023

Code : CMI3265

Pages :120

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

Welding Equipment MarketSize and Trends

Global Welding Equipment Market was valued at US$ 16.82 Billion in 2022, exhibiting a compound annual growth rate (CAGR) of 10.54% from 2023 to 2030.

Report CoverageDetailsMarket Size in 2023:US$ 18.39 Bn 2030 Value Projection:US$ 37.10 Bn Forecast Period:2023 to 2030DetailsForecast Period 2023 to 2030 CAGR:10.54%

Figure 1. Global Welding Equipment Market Share (%), By Region, 2022

Global Welding Equipment Market- Trends

Adoption of Advanced Welding Technologies

The market is witnessing an increased adoption of advanced welding technologies, such as laser welding, friction stir welding, and electron beam welding. These technologies offer benefits such as higher precision, faster welding speeds, improved quality, and reduced heat-affected zones. As industries strive for enhanced productivity and efficiency, the demand for these advanced welding techniques is growing. Automation and robotics have revolutionized the industry, offering precise and efficient welding solutions. For Instance, in 2020, Hyundai Motor Company, (multinational automotive manufacturer) implemented a fully automated welding system at its Ulsan plant in South Korea. The system utilizes robotic welding arms to increase production efficiency and improve weld quality in the assembly of vehicles. This adoption of automation and robotics showcases the industry's pursuit of higher productivity and precision.

In 2021, the aerospace industry witnessed the increased use of laser welding for critical components. Boeing, for instance, implemented laser welding technology for the assembly of the fuselage sections of its new 777X aircraft. Laser welding enabled precise and high-quality welds, ensuring the structural integrity of the aircraft while reducing production time and costs.

Integration of Artificial Intelligence (AI) and Machine Learning (ML)

AI and ML technologies are finding their way into the welding equipment market, offering capabilities such as automated defect detection, predictive maintenance, and adaptive control systems. These technologies enhance welding process control, quality assurance, and productivity, leading to improved overall performance.