Global Arc Welding Inverter Market Size By Type (MMA, MIG/MAG, TIG), By Application (High-Tech Industry, Heavy Industry, Light Industry), By Geographic Scope And Forecast

Arc Welding Inverter Market size was valued at USD 16,001.38 Million in 2022 and is projected to reach USD 23,905.79 Million by 2030, growing at a CAGR of 5.23% from 2024 to 2030. The Arc Welding Inverter Market is expanding due to the increased need for portable, lightweight welding equipment in industries such as construction and automotive. The Global Arc Welding Inverter Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Arc Welding Inverter Market Definition

Arc welding is a form of welding that uses an electric arc to generate heat in order to melt and combine metals. Using either direct (DC) or alternating (AC) currents, a power source generates an electric arc between a consumable or non-consumable electrode and the base material. A new form of welding power source is the inverter arc welding power source, sometimes known as an arc welding inverter. This power source normally takes the three-phase mains frequency (50Hz) AC network voltage, rectifies and filters it through an input rectifier, and converts it to direct current (DC).

An arc welding inverter is a sophisticated electronic device that converts standard power sources into a more efficient and controlled form for use in the arc welding process. This technology is a substantial improvement over traditional welding equipment, providing advantages such as better energy efficiency, mobility, and improved welding performance. Arc welding is a common process used in metal manufacturing, construction, and a variety of industrial applications. It entails forming an electric arc between the welding electrode and the workpiece, which melts the metals and allows them to fuse together. The stability and control of the arc are critical to the quality and efficiency of the welding process.

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Global Arc Welding Inverter Market Overview

Global infrastructure development and growing industrialization are fueling the demand for effective welding solutions, which is propelling the market's expansion. The market is expanding due to the increased need for portable, lightweight welding equipment in industries such as construction and automotive. Additionally, arc welding inverters are expensive initially, which is a big obstacle for small and medium-sized businesses (SMEs) and restricts their use in some market sectors. In markets where prices are crucial, the presence of less expensive options, particularly traditional welding equipment, could impede the expansion of the arc welding inverter industry.

Moreover, for the arc welding inverter industry, the growing emphasis on renewable energy initiatives such as solar and wind power offers profitable prospects. Also, the development of smart arc welding inverters with remote control and monitoring capabilities is made possible by Industry 4.0 and the use of Internet of Things (lot) technology in welding equipment presents profitable opportunities. The demand for effective welding solutions is greater than ever in the dynamic world of expanding industrialization and worldwide infrastructure development. The arc welding inverter, a game-changing technology that has not only kept up with the changing needs of multiple industries but also emerged as a driving force behind the market's expansion, is at the core of this demand.

With countries all over the world starting large-scale infrastructure projects, there is an unprecedented need for welding solutions that work. Welding is an essential process used in everything from the building of energy infrastructure to skyscrapers and bridges. Particularly arc welding has become more well-known because of its adaptability and capacity to fuse a wide range of metals, supplying the structural integrity required for reliable infrastructure.

The market for arc welding inverters has grown to be crucial to the mutually beneficial relationship between welding solutions and infrastructure development. These inverters are essential for tasks requiring agility and accuracy due to their small size, portability, and increased efficiency. This tendency is especially noticeable in the building of contemporary cityscapes, where the versatility of arc welding inverters satisfies the need for complex welding tasks.

Global Arc Welding Inverter Market: Segmentation Analysis

The Global Arc Welding Inverter Market is segmented on the basis of Type, Application, And Geography.

Arc Welding Inverter Market, By Type

MMA
MIG/MAG
TIG
Others
To Get a Summarized Market Report By Type:-

Based on Type, the market is bifurcated into MMA, MIG/MAG, TIG, and Others. MMA accounted for the largest market share of 42.01% in 2022, with a market value of USD 6,721.73 Million, and is projected to grow at the highest CAGR of 5.92% during the forecast period. MIG/MAG was the second-largest market in 2022, valued at USD 5,556.00 Million in 2022; it is projected to grow at a CAGR of 5.07%.

Arc Welding Inverter Market, By Application

High-Tech Industry
Heavy Industry
Light Industry

Based on Application, The market is segmented into High-Tech Industry, Heavy Industry, and Light Industry. The High-Tech Industry segment holds a big market share. Moreover, using an inverter-based welder allows you to set the welding power output exactly where you want it.

Arc Welding Inverter Market, By Geography

North America
Europe
Asia Pacific
Middle East and Africa
Latin America
To Get a Summarized Market Report By Geography:-
On the basis of Regional Analysis, the Global Arc Welding Inverter Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest market share of 37.05% in 2022, with a market value of USD 5,928.06 Million, and is projected to grow at a CAGR of 5.40% during the forecast period. Europe was the second-largest market in 2020, valued at USD 5,044.13 Million in 2022; it is projected to grow at a CAGR of 4.83%. However, Asia Pacific is projected to grow at the highest CAGR of 6.11%.

Key Players

The "Global Arc Welding Inverter Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
Panasonic Holdings Corporation, The Lincoln Electric Company, ESAB, OTC DAIHEN ASIA Co.Ltd., Fronius International GmbH, Miller Electric Mfg. LLC, Migatronic A/S, GYS, Kemppi, AUWELD INTERNATIONAL PTE. LTD., and CEA COSTRUZIONI ELETTROMECCANICHE ANNETTONI S.P.A.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

In February 2022, Esab had announced to launch of ROBUSTFEED AVS VOLTAGE-SENSING WIRE FEEDER. Moreover, it eliminates the need for a power supply/control cable between the power source and the feeder.
In May 2021, Lincoln Electric had announced to launch New HELIX M627 Orbital GTAW Weld Head. Moreover, Designed and field-tested to deliver the most innovative and operator-friendly solution on the market, the HELIX M627 allows customers to easily obtain the expanded productivity and quality of mechanized GTAW.

Product Code: 14477

1 INTRODUCTION

1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

2.1 DATA MINING
- 2.1.1 SECONDARY RESEARCH
- 2.1.2 PRIMARY RESEARCH
- 2.1.3 SUBJECT MATTER EXPERT ADVICE
- 2.1.4 QUALITY CHECK
- 2.1.5 FINAL REVIEW
2.2 DATA TRIANGULATION
2.3 BOTTOM-UP APPROACH
2.4 TOP-DOWN APPROACH
2.5 RESEARCH FLOW
2.6 DATA SOURCES

3 EXECUTIVE SUMMARY

3.1 GLOBAL ARC WELDING INVERTER MARKET OVERVIEW
3.2 GLOBAL ARC WELDING INVERTER MARKET ESTIMATES AND FORECAST (USD MILLION), 2021-2030
3.3 GLOBAL ARC WELDING INVERTER MARKET ECOLOGY MAPPING
3.4 COMPETITIVE ANALYSIS: FUNNEL DIAGRAM
3.5 GLOBAL ARC WELDING INVERTER MARKET ABSOLUTE MARKET OPPORTUNITY
3.6 GLOBAL ARC WELDING INVERTER MARKET ATTRACTIVENESS ANALYSIS, BY REGION
3.7 GLOBAL ARC WELDING INVERTER MARKET ATTRACTIVENESS ANALYSIS, BY TYPE
3.8 GLOBAL ARC WELDING INVERTER MARKET ATTRACTIVENESS ANALYSIS, BY APPLICATION
3.9 GLOBAL ARC WELDING INVERTER MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.10 GLOBAL ARC WELDING INVERTER MARKET, BY TYPE (USD MILLION)
3.11 GLOBAL ARC WELDING INVERTER MARKET, BY APPLICATION (USD MILLION)
3.12 FUTURE MARKET OPPORTUNITIES
3.13 PRODUCT LIFELINE

4 MARKET OUTLOOK

4.1 GLOBAL ARC WELDING INVERTER MARKET EVOLUTION
4.2 GLOBAL ARC WELDING INVERTER MARKET OUTLOOK
4.3 MARKET DRIVERS
- 4.3.1 GLOBAL INFRASTRUCTURE DEVELOPMENT AND GROWING INDUSTRIALIZATION ARE FUELING THE DEMAND FOR EFFECTIVE WELDING SOLUTIONS, WHICH IS PROPELLING THE MARKET'S EXPANSION.
- 4.3.2 THE MARKET IS EXPANDING DUE TO THE INCREASED NEED FOR PORTABLE, LIGHTWEIGHT WELDING EQUIPMENT IN INDUSTRIES SUCH AS CONSTRUCTION AND AUTOMOTIVE
4.4 MARKET RESTRAINTS
- 4.4.1 ARC WELDING INVERTERS ARE EXPENSIVE INITIALLY, WHICH IS A BIG OBSTACLE FOR SMALL AND MEDIUM-SIZED BUSINESSES (SMES) AND RESTRICTS THEIR USE IN SOME MARKET SECTORS
- 4.4.2 IN MARKETS WHERE PRICES ARE CRUCIAL, THE PRESENCE OF LESS EXPENSIVE OPTIONS, PARTICULARLY TRADITIONAL WELDING EQUIPMENT, COULD IMPEDE THE EXPANSION OF THE ARC WELDING INVERTER INDUSTRY
4.5 MARKET OPPORTUNITY
- 4.5.1 FOR THE ARC WELDING INVERTER INDUSTRY, THE GROWING EMPHASIS ON RENEWABLE ENERGY INITIATIVES SUCH AS SOLAR AND WIND POWER OFFERS PROFITABLE PROSPECTS.
- 4.5.2 THE DEVELOPMENT OF SMART ARC WELDING INVERTERS WITH REMOTE CONTROL AND MONITORING CAPABILITIES IS MADE POSSIBLE BY INDUSTRY 4.0 AND THE USE OF INTERNET OF THINGS (LOT) TECHNOLOGY IN WELDING EQUIPMENT PRESENTS PROFITABLE OPPORTUNITIES
4.6 PORTER'S FIVE FORCES ANALYSIS
- 4.6.1 THREAT OF NEW ENTRANTS
- 4.6.2 THREAT OF SUBSTITUTES
- 4.6.3 BARGAINING POWER OF SUPPLIERS
- 4.6.4 BARGAINING POWER OF BUYERS
- 4.6.5 INTENSITY OF COMPETITIVE RIVALRY
4.7 MACROECONOMIC ANALYSIS
4.8 VALUE CHAIN ANALYSIS
4.9 PRICING ANALYSIS

5 MARKET, BY TYPE

5.1 OVERVIEW
5.2 GLOBAL ARC WELDING INVERTER MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY TYPE
5.1 MMA
5.2 MIG/MAG
5.3 TIG
5.4 OTHERS

6 MARKET, BY APPLICATION

6.1 OVERVIEW
6.2 GLOBAL ARC WELDING INVERTER MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY APPLICATION
6.3 HIGH-TECH INDUSTRY
6.4 HEAVY INDUSTRY
6.5 LIGHT INDUSTRY

7 MARKET, BY GEOGRAPHY

7.1 OVERVIEW
7.2 NORTH AMERICA
- 7.2.1 NORTH AMERICA MARKET SNAPSHOT
- 7.2.2 U.S.
- 7.2.3 CANADA
- 7.2.4 MEXICO
7.3 EUROPE
- 7.3.1 EUROPE MARKET SNAPSHOT
- 7.3.2 GERMANY
- 7.3.3 UK
- 7.3.4 FRANCE
- 7.3.5 ITALY
- 7.3.6 SPAIN
- 7.3.7 REST OF EUROPE
7.4 ASIA PACIFIC
- 7.4.1 ASIA PACIFIC MARKET SNAPSHOT
- 7.4.2 CHINA
- 7.4.3 INDIA
- 7.4.4 JAPAN
- 7.4.5 REST OF ASIA PACIFIC
7.5 LATIN AMERICA
- 7.5.1 LATIN AMERICA MARKET SNAPSHOT
- 7.5.2 BRAZIL
- 7.5.3 ARGENTINA
- 7.5.4 REST OF LATIN AMERICA
7.6 MIDDLE EAST AND AFRICA
- 7.6.1 MIDDLE EAST AND AFRICA MARKET SNAPSHOT
- 7.6.2 UAE
- 7.6.3 SAUDI ARABIA
- 7.6.4 SOUTH AFRICA
- 7.6.5 REST OF MIDDLE EAST AND AFRICA

8 COMPETITIVE LANDSCAPE

8.1 OVERVIEW
8.2 KEY DEVELOPMENT STRATEGIES
8.3 COMPANY MARKET RANKING ANALYSIS
8.4 COMPANY REGIONAL FOOTPRINT
8.5 COMPANY INDUSTRY FOOTPRINT
8.6 ACE MATRIX
- 8.6.1 ACTIVE
- 8.6.2 CUTTING EDGE
- 8.6.3 EMERGING
- 8.6.4 INNOVATORS

9 COMPANY PROFILES

9.1 PANASONIC HOLDINGS CORPORATION
- 9.1.1 COMPANY OVERVIEW
- 9.1.2 COMPANY INSIGHTS
- 9.1.3 INDUSTRY INSIGHTS
- 9.1.4 PRODUCTS BENCHMARKING
9.2 THE LINCOLN ELECTRIC COMPANY
- 9.2.1 COMPANY OVERVIEW
- 9.2.2 COMPANY INSIGHTS
- 9.2.3 INDUSTRY INSIGHTS
- 9.2.4 PRODUCT BENCHMARKING
- 9.2.5 WINNING IMPERATIVES
- 9.2.6 CURRENT FOCUS & STRATEGIES
- 9.2.7 THREAT FROM COMPETITION
- 9.2.8 SWOT ANALYSIS
9.3 ESAB
- 9.3.1 COMPANY OVERVIEW
- 9.3.2 COMPANY INSIGHTS
- 9.3.3 PRODUCT BENCHMARKING
- 9.3.4 WINNING IMPERATIVES
- 9.3.5 CURRENT FOCUS & STRATEGIES
- 9.3.6 THREAT FROM COMPETITION
- 9.3.7 SWOT ANALYSIS
9.4 MILLER ELECTRIC MFG. LLC
- 9.4.1 COMPANY OVERVIEW
- 9.4.2 COMPANY INSIGHTS
- 9.4.3 PRODUCTS BENCHMARKING
- 9.4.4 WINNING IMPERATIVES
- 9.4.5 CURRENT FOCUS & STRATEGIES
- 9.4.6 THREAT FROM COMPETITION
- 9.4.7 SWOT ANALYSIS
9.5 OTC DAIHEN ASIA CO.LTD.
- 9.5.1 COMPANY OVERVIEW
- 9.5.2 COMPANY INSIGHTS
- 9.5.3 PRODUCTS BENCHMARKING
9.6 FRONIUS INTERNATIONAL GMBH
- 9.6.1 COMPANY OVERVIEW
- 9.6.2 COMPANY INSIGHTS
- 9.6.3 PRODUCTS BENCHMARKING
9.7 MIGATRONIC A/S
- 9.7.1 COMPANY OVERVIEW
- 9.7.2 COMPANY INSIGHTS
- 9.7.3 PRODUCTS BENCHMARKING
9.8 GYS
- 9.8.1 COMPANY OVERVIEW
- 9.8.2 COMPANY INSIGHTS
- 9.8.3 PRODUCT BENCHMARKING
9.9 AUWELD INTERNATIONAL PTE. LTD.
- 9.9.1 COMPANY OVERVIEW
- 9.9.2 COMPANY INSIGHTS
- 9.9.3 PRODUCTS BENCHMARKING
9.10 CEA COSTRUZIONI ELETTROMECCANICHE ANNETTONI S.P.A.
- 9.10.1 COMPANY OVERVIEW
- 9.10.2 COMPANY INSIGHTS
- 9.10.3 PRODUCTS BENCHMARKING
9.11 KEMPPI
- 9.11.1 COMPANY OVERVIEW
- 9.11.2 COMPANY INSIGHTS
- 9.11.3 PRODUCTS BENCHMARKING