PUBLISHER: Lucintel | PRODUCT CODE: 1417964
PUBLISHER: Lucintel | PRODUCT CODE: 1417964
Arc Welding Inverter Trends and Forecast
The future of the global arc welding inverter market looks promising with opportunities in the high-tech industry, heavy industry, and light industry markets. The global arc welding inverter market is expected to reach an estimated $13 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing industrialization and the development of global infrastructure, rising construction activity, the expanding automobile industry, and the growing need for automated welding systems, along with the increase in disposable income and rapid industrialization in the developing economies.
A more than 150-page report is developed to help in your business decisions.
Arc Welding Inverter by Segment
The study includes a forecast for the global arc welding inverter by type, application, and region.
List of Arc Welding Inverter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies arc welding inverter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the arc welding inverter companies profiled in this report include-
Arc Welding Inverter Market Insights
Lucintel forecasts that MIG/MAG will remain the largest segment over the forecast period because it is a flexible and frequently used welding procedure that may be utilized on a variety of materials such as steel, aluminum, and stainless steel.
APAC is expected to witness highest growth over the forecast period due to the rising demand for arc welding inverters in a wide range of industries, including construction, manufacturing, and shipbuilding in the region.
Features of the Global Arc Welding Inverter Market
Market Size Estimates: Arc welding inverter market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Arc welding inverter market size by type, application, and region in terms of value ($B).
Regional Analysis: Arc welding inverter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the arc welding inverter market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the arc welding inverter market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the arc welding inverter market size?
Answer: The global arc welding inverter market is expected to reach an estimated $13 billion by 2030.
Q2. What is the growth forecast for arc welding inverter market?
Answer: The global arc welding inverter market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the arc welding inverter market?
Answer: The major drivers for this market are growing industrialization and the development of global infrastructure, rising construction activity, the expanding automobile industry, and the growing need for automated welding systems, along with the increase in disposable income and rapid industrialization in the developing economies.
Q4. What are the major segments for arc welding inverter market?
Answer: The future of the global arc welding inverter market looks promising with opportunities in the high-tech industry, heavy industry, and light industry markets.
Q5. Who are the key arc welding inverter market companies?
Answer: Some of the key arc welding inverter companies are as follows.
Q6. Which arc welding inverter market segment will be the largest in future?
Answer: Lucintel forecasts that MIG/MAG will remain the largest segment over the forecast period because it is a flexible and frequently used welding procedure that may be utilized on a variety of materials such as steel, aluminum, and stainless steel.
Q7. In arc welding inverter market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the rising demand for arc welding inverters in a wide range of industries, including construction, manufacturing, and shipbuilding in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.