skip to Main Content
World’s Most Sustainable Companies 2021

World’s Most Sustainable Companies 2021

Schneider Electric accelerates its sustainability strategy, comes top in Corporate Knights ranking of world’s most sustainable companies.

Corporate Knights, a Canadian media and research company producing rankings and financial product ratings based on corporate sustainability performance, has for the first time recognized Schneider Electric number one of its annual index of “the Global 100 most sustainable corporations in the world”.

A jump from 29th position the previous year, the top ranking for 2021 represents an important external recognition of Schneider Electric’s early and sustained commitment to ESG issues. It also highlights the company’s transformation into a leading provider of digital solutions that facilitate energy efficiency and sustainability.

“The core of our strategy is to build a sustainable business and company. Customers, employees, partners and investors have never been more focused on ESG considerations than they are now. Schneider has long embraced those issues, and we keep raising the bar for ourselves, and for our customers and partners,” says Jean-Pascal Tricoire, Schneider Electric’s Chairman and Chief Executive Officer.

The new Schneider Sustainability Impact (SSI) program will span 2021-2025 and amounts to a significant acceleration of previous targets. It is built on six long-term commitments, which are set to deliver on each of the United Nations’ Sustainable Development Goals. These commitments are to act for a climate-positive world; to be efficient with resources; to live up to its principles of trust; to create equal opportunities; to harness the power of all generations; and to empower local communities.

The ability and willingness to make the world greener and more equitable is not just a moral responsibility – it makes good business sense too,” said Olivier Blum, Schneider Electric’s Chief Strategy and Sustainability Officer. “The year 2020, marked by COVID-19, a string of climate-linked disasters, and the fifth anniversary of the Paris Agreement on climate change, reinforced the urgency for action. It has also intensified the appetite from our customers to accelerate their own transitions towards a lower-carbon world. Our solutions can help them achieve their goals, too.”

Eleven concrete targets, deliverable by 2025, underpin these commitments. And, for the first time, leaders of the more than 100 markets in which Schneider operates will set local targets to address grassroots-level needs in their communities.

Repeatedly recognized in key rankings for its sustainability achievements, Schneider will continue to report on its extra-financial performance on a quarterly basis, as it has done since launching the world’s first corporate sustainability barometer in 2005. In just the past year, Schneider already stepped up on its own decarbonization roadmap and became a signatory of the Climate Pledge; was the first company to issue an ESG-linked convertible bond; was also ranked Corporate Disclosure Project (CDP) A-List for environmental transparency and action for the 10th year in a row, and was included in the Financial Times’ Top 50 Diversity Leaders ranking.

Click through for more on Schneider’s sustainability strategy and its number 1 ranking in Corporate Knights’ Global 100 most sustainable corporations in the world index.

Press Release_SchneiderElectric

You might be interested:
Malwarebytes Cybercrime Report Reveals Cybercrime Does Not Impact Individuals Equally
Will Liquid Fuels Play a Role in EU’s Decarbonization?
“Trade In, Trade Up” Your Old Forklift
Exploring & Producing Cutting-Edge Solutions
Energy-Efficient Metal Forming Solutions


CONNECT WITH US:  LinkedIn, Facebook, Twitter

New Lease On Life For Battery Swapping In Electric Vehicles

New Lease on Life For Battery Swapping In Electric Vehicles


Limited charging speed and availability have been major barriers to electric vehicle adoption, and fast-charging stations are currently the most popular way to quickly add range to vehicles. However, the additional power demands can stress the electrical grid, prompting reconsideration of other solutions like battery swapping, according to new analysis from Lux Research, a leading provider of tech-enabled research and innovation advisory services. Although battery swapping failed nearly a decade ago, it is now being considering for supporting taxi fleets in urban environments.

Lux’s new report, “Cost Comparison of Battery Swapping and Fast Charging for Electric Vehicles”, analyses and compares costs for deploying battery swapping infrastructure to support electric taxis in cities and offers insight on how promising battery swapping can be as a fast-charging alternative. Lux developed and used a model to perform a cost analysis of infrastructure supporting an electric fleet of taxis in two different countries – the UK and China.

“Instead of quickly charging the battery, battery swapping solutions aim to physically replace a depleted battery with a charged one,” explains Christopher Robinson, Director of Research at Lux Research and lead author of the report. “Battery swapping can address two main challenges with fast charging: It slowly charges depleted batteries to minimize grid impact and battery degradation, and it allows for faster addition of range in electric vehicles.”

Using the model developed by Lux analysts, the report drew several interesting conclusions:

Battery replacement costs are crucial for keeping costs low for any infrastructure. Faster charging minimizes taxi downtime but increases the rate of battery degradation. Factoring in battery replacements due to faster charging makes 50kW charging the cheapest form of charging.

Battery swapping is most competitive for large fleet sizes. In China, battery swapping is the cheapest and fastest solution for powering electric vehicles, even in small fleets of just 100 vehicles, while in Europe, the costs are roughly equal.

China has cemented its position as a leader in battery swapping deployments and will remain the most promising region for the technology. Due to a combination of favorable economics, local companies that have commercialized the technology, and favorable government policies, clients should closely watch activity in the region as a leading indicator of adoption elsewhere.

As battery swapping networks grow, new opportunities for cost reduction emerge. While fast charging stations have the benefit of a decade of deployments and refinement, battery swapping is still in its nascent stages, with deployments accelerating rapidly over the past two years.



Ready For Direct Connection: Igus Hybrid Cable For New Motor Generation

Ready For Direct Connection: igus Hybrid Cable For New Motor Generation

In order to supply modern motors with energy and data, users need appropriate cables that function dependably even at high accelerations and on long travels. Especially for use in motion, igus has developed a hybrid cable that is offered as a drive solution for the new Bosch Rexroth motors. It combines energy and data cable in one and is therefore also suitable for compact installation spaces. igus offers the cable as a fully harnessed readycable that is accurate to the centimetre. This saves the user costs.

Ever smaller and more compact with an even higher output: such a trend is becoming increasingly apparent in the field of motor development. But not only the motor but also the cables used must meet the new requirements. Hybrid cables are one solution. They combine energy and data supply in one by integrating the encoder into the servo cable. This eliminates the need for cabling with a separate measuring system for the encoder. Especially for use in the energy chain, igus has now developed a new hybrid cable suitable for Bosch Rexroth MS2N and IndraDrive Mi motors. A halogen-free PUR outer jacket ensures oil resistance and increases the service life of the cable. The user receives the drive solution already fully harnessed with connector as the so-called readycable from igus.

“While other manufacturers on the market only offer cables in metre lengths, customers can order their solutions from us down to the centimetre. This way we avoid unnecessary waste or residual stock. As readycable, the cable can be connected directly to the machine. This saves additional harnessing and installation times”, explains Markus Hüffel, Product Manager readycable at igus GmbH.

readycable finder helps in product selection

All cables are tested and inspected under real conditions in the company’s own 3,800 square metre test laboratory. Tests have shown that the new hybrid cable with a bend radius of up to 10xd in the e-chain can safely withstand 10 million double strokes over the long term. Due to the realistic tests, igus is the only cable manufacturer in the world capable of providing a 36-month guarantee on its chainflex cables. In total, igus has over 4,200 drive cables suitable for 24 manufacturer standards in its readycable range.

For a quick selection of the suitable solution, with the readycable product finder igus offers a practical online tool. Simply enter the igus part number or the manufacturer, or select the name of the drive manufacturer from the menu; then click on the required cable type and the product finder will list all matching parts. An overview provides the different cable qualities such as outer jacket, bend radius, travel and price. The integrated service life calculator also determines the running time. One click is all it takes to order the matching cable in the desired length and have it delivered within 24 hours.

For other exclusive articles, visit


Check these articles out:

Cutting Costs, While Saving The Planet For Tool Makers

PC-Based Control For Covid-19 Rapid Testing Production Lines

Mitsui Seiki Remains Operational Amid COVID-19 Guidelines

TRUMPF And Fraunhofer IPA Research Alliance Ramps Up AI For Industrial Use

5G Integration In IIoT Systems Accelerates Industry 4.0 In The Wake Of Pandemic

Software Increases Process Reliability

Increasing Design Freedom in Automotive Industry



FOLLOW US ON: LinkedIn, Facebook, Twitter



SIC Marking Group Expands Korea Offices

SIC Marking Group Expands Korea Offices

In spite of the unprecedented pandemic crisis that impacts many players in the industrial sector, SIC Marking Group continues its international development. This time, SIC Korea–the Asian subsidiary, created in 2016, invests in new offices south of Seoul – thus developing its presence in the country.

The location was the subject of considerable reflection with a view to resolving various issues. SIC Korea’s Managing Director, Mr. Yh OH, explains: “Most industrial customers are located west or south of Seoul, where the new office is easily accessible. The move has saved us at least 30 minutes of driving time compared to the old office, which is not negligible. This new location also has advantages for our customers. They can now visit us more easily thanks to the many public transport and road links.”

This new address makes it possible to develop the commercial presence and offer a quality service to customers thanks to its presence in a recognised industrial zone with better accessibility. The move to these new offices is also intended to improve the company’s brand image, an important component of business development, but also to develop the employer brand, which is essential in recruiting new talent.

For other exclusive articles, visit


Check these articles out:

Hypertherm Releases Version Update Of CAD/CAM nesting software: ProNest 2021

Bystronic Building New Experience Centre for Southeast Asia

Round-the-Clock Environment Disinfection With SESTO Autonomous Mobile Disinfectant Robot

Schuler Develops System For Die Monitoring

At High Speed From Component To Tooling

Philippine GDP Growth To Slide In 2020 Due To COVID-19 But Strong Rebound Expected in 2021

ST Engineering Partners EDB To Develop Singapore’s Industry Ecosystems



FOLLOW US ON: LinkedIn, Facebook, Twitter

Thailand BOI Encourages Focus On Automation And Human Resource Training Ahead Of 2021 Recovery

Thailand BOI Encourages Focus On Automation And Human Resource Training Ahead of 2021 Recovery

The Thailand Board of Investment (BOI) is urging investors to focus on enhancing productivity and efficiency through automation and human resource training by taking advantage of the key promotion measures offered to them, in order to prepare for the economic recovery expected in 2021.

“We are now focusing not only on attracting new investment projects but given the economic situation we also believe it necessary to make existing ones more productive, to have a higher level of productivity which is a critical issue for Thailand to move forward,” Ms Duangjai Asawachintachit, Secretary General of the BOI, told a Webinar titled “Support Measures for Economic Recovery” that was co-hosted by the Joint Foreign Chamber of Commerce in Thailand (JFCCT).

For 2020, Thailand’s Finance Ministry anticipates a 8.1 percent contraction of the GDP, with a progressive improvement from the third quarter which should lead to a rebound in 2021.

“Looking forward I think we can expect the economy to gradually pick up in the remaining half of this year,” said Pisit Puapan, Director of the Macroeconomic Policy Bureau of the Thai Finance Ministry.

“For 2021 the Ministry of Finance expects the Thai economy to rebound and show a positive growth rate of four to five percent,” Pisit said.

“I think the Covid 19 crisis has reiterated the necessity for us to move forward to more automation and robotics, so we are encouraging companies to invest in automation to become more efficient or have better products at lower costs,” Ms Duangjai said.

“So we are now offering tax incentives for companies that would like to invest in new machinery, to replace existing ones, for the purpose of energy conservation or to use lower energy or to reduce the impact on the environment.”

Another key area for promotion is in training and development of human resources, again with an emphasis on both new and existing projects.

Thailand has faced a surge in furlough as a result of the lockdowns in April-May in response to the Covid pandemic, and the threat of burgeoning unemployment in the coming months or years is real, although the worst of the economic impact was no doubt felt in the second quarter of 2020.

“We think that Thailand will find herself in a totally new environment. Deglobalisation has already taken place,” said Charl Kengchon, Executive Chairman of the Kasikorn Research Center.

“Pandemic and fear of pandemic after Covid is not going to help global trade because increasingly more and more government will come to the realisation that public health in fact is a kind of national security issue and they are going to implement safeguards on health care and there are going to be non-tariff barriers because of that,” he said.

For other exclusive articles, visit


Check these articles out:

Thailand To Establish Committee For Electric Vehicles

Thailand Sets Sight on Industry 4.0

[WATCH] Siemens Discusses Initiatives, Outlook Amid COVID-19

Thailand Remains As Production Base For Toyota

Thailand To Waive Excised Tax On Full Electric Vehicles

Frost & Sullivan: Digital Retailing And Vehicle Leasing To Propel Automotive Recovery Path

Developing Asia Growth To Fall In 2020 On COVID-19 Impact



FOLLOW US ON: LinkedIn, Facebook, Twitter



FMI: ‘Energy Efficiency’— The Key Marketing Touchpoint Of Bandsaw Machines Market Players

FMI: ‘Energy Efficiency’— the Key Marketing Touchpoint of Bandsaw Machines Market Players

Worldwide sales of bandsaw machines is estimated to total ~ 200 thousand units in 2019, with an estimated increase of ~ three percent year over year, according to the recent research study. The bandsaw machines market is set for an unwavering growth through 2029, primarily driven by growing focus on effective cutting technologies that promise high functionality for varying applications. However, limitations in terms of producing perfectly-shaped curved edges continues to threaten the relevance, thereby adding new uncertainties to the near-term outlook of bandsaw machines.

Industrial technologies are currently experiencing a seismic shift from the conventional technologies to bandsaw machines. The primary reason behind this trend reversal is an ever-increasing demand for flexibility during cutting applications that comes from the end users, which will further help them serve requirements of their customers in a much more efficient way.

The study analyst opines that there are signs of a majority of the industries moving towards ‘energy efficiency’, which marks positive beginnings for the adoption of bandsaw machines market during the assessment period. The global bandsaw machines market reflects a fair degree of fragmentation, with a handful of market players accounting for approximately 29-31 percent revenue share. However, the mid-level and emerging players will command for a major chunk of overall market share i.e. 69-71 percent, and will remain focused toward extending their sphere of influence via affordable products with ‘best-in-class’ features.

To align with end user proclivity for high-quality bandsaw machines that bring down operational and maintenance costs, manufacturers are placing emphasis on use of high-cost components and working toward reduction of blade changeover downtimes. According to the study analyst, the market players are also shifting their strategic focus toward the development of differentiated and customised bandsaw machines that are suited to varying end-user needs and requirements.

According to the report analysis, fully-automatic machines accounted for more than 1/3rd of the bandsaw machines sales in 2018, with a tough competition by semi-automatic bandsaw machines. Though end-users will remain biased toward bandsaw machines with horizontal orientation, the ones with vertical orientation will witness exponential demand through 2029. While the former offers benefits of easy mobility and transportation, the latter offers better visibility on account of the enhanced accessibility. Automotive and transportation will continue to account for a significant pie of the overall market revenues in 2018, standing firmly as the largest end-user of bandsaw machines.

The dynamic growth of economies in East Asia is imparting newer dimensions for the regional industrial paradigms, thereby presenting promising opportunities for the manufacturers of industrial equipment. Following a sustained period of growth, East Asian countries such as China and Japan are achieving technological parity with the western countries, which makes them no less of gold mines for bandsaw machines market players to reap profits from.

Online Channel: The New Pacemaker for Sustained Revenue Growth

With ‘online’ emerging as the new synonym of ‘convenience’ and ‘flexible purchasing’, manufacturers are investing in online sales channels to gain maximum ROI. The growth of online sales is the consequence of dramatic shifts in purchase habits of end users, who seek high-quality bandsaw machines available at the best of prices. The growing number of well-informed customers are calling for reliable information on the product integrity, which also works in favor of online channels that include detailed product descriptions for the consumers’ reference.

This study outlines key opportunities in the bandsaw machines market and unveils that the market would grow at a value CAGR of ~ four percent during the forecast period.

These insights are based on a report on Bandsaw Machines Market by Future Market Insights.


Read more:

Metal Removal? There’s A Robot For That!
AMendate Acquisition Helps Hexagon Minimise Time-to-Print for Additive Manufacturing
Sandvik President And CEO Bjorn Rosengren To Resign, Join ABB



FOLLOW US ON: LinkedIn, Facebook, Twitter


How To Increase Energy Efficiency With Machine Tools

How To Increase Energy Efficiency With Machine Tools

Machine tools include numerous motors and auxiliary components. Energy consumption varies significantly during operations. From the process itself to individual component power consumption, savings potential can be evaluated and measures defined for more efficient energy use. Article by Grainger.

One area of potential savings comes from the machine tool base load, which consumes energy even in nonproductive phases. The base load is determined substantially by the machine’s auxiliary components. Besides use of energy-efficient motors in these components, many opportunities for reducing the base load can be found. Some energy consumers, for example, can be switched off by the machine control during non-productive phases.

Scrap inevitably increases energy consumption per good part. Manufacturing with accuracy from the very first part can therefore be decisive for energy efficiency. Machine designs with balanced thermal behaviour and precise position measuring technology have a distinct advantage here.

Energy Demand During Milling

Power requirements of a milling process fall into the following consumer groups:

  • Cooling lubricant processing
  • Compressed air generation
  • Electrically powered milling-machine auxiliary components
  • CNC control package with main spindle and feed-axis motors

Proportionally calculated energy for lighting, ventilation, and air conditioning must be added to these groups. Milling process energy demand depends primarily on the size of the milling machine and the machining task.

Dry machining has great potential for improved energy and resource efficiency. In many milling applications, however, doing without cooling lubricant increases scrap rate and, therefore, raises mean energy consumption as well.

Compressed air is required for minimum spindle lubrication, tool changing, and work piece cleaning. Small quantities are required as sealing air. Mean compressed air power changes only slightly across production readiness, roughing, and finishing.

Machine electricity consumers include the CNC control with main spindle and feed-axis motors, as well as numerous auxiliary components, including the pallet changer and cooling, hydraulics and automation systems.

Drive Component Efficiency

Spindle and feed-axis motors are among the central components of a machine tool. Drive-component energy efficiency depends on the ratio of delivered power to consumed power. The network of drives converts consumed electrical energy to delivered mechanical power. Drive network components include a power supply module, drive modules, motors and mechanical components. Data on efficiency typically refer to the rated power. For other rated values, individual component efficiency can vary significantly. Supply modules and drive modules can attain efficiency values of more than 95 percent.

Comparing power consumption during rough-face and circular-pocket milling reveals that feed drives consume only a small share of the CNC’s total power usage. On the other hand, spindle selection can significantly affect energy consumption. If a spindle drive operates far below its rated power, the drive’s intrinsic losses increase in proportion, with negative effects on the energy balance. If the spindle limits the maximum possible metal removal rate, the milling process inevitably takes longer. The result: energy efficiency decreases due to the base load generated by the auxiliary components. Potential also exists for more efficient design of milling processes through consideration of spindle-motor efficiency, for example by using synchronous instead of asynchronous motors.

Regenerative Supply Modules

Every drive’s acceleration requires a braking process in return. Energy from the drives’ moving masses is largely reconverted to electrical energy. In a non-regenerative supply module, kinetic energy released by braking is converted to heat by the braking resistors. A regenerative supply module returns this energy to the power grid. However, the path required for returning the energy and the necessary components for smoothing the grid power generate losses even when the drives have no power requirement. Power loss increases slightly even when power is not being regenerated. Thus, a regenerative supply module operates more efficiently than a non-regenerative module when the regenerated energy more than compensates the higher power loss. Machine operation therefore determines what type supply module to employ.

Tool change frequency also impacts this decision. In one example, a milling operation at 15 kW is interrupted cyclically by a tool change. Starting the spindle requires peak power of approximately 60 kW. A regenerative supply module returns 48 kW to grid power. High metal-cutting power requirements mean that the mean-input power sinks the more frequently the milling process is interrupted by tool changes.

A regenerative supply module works more efficiently as soon as the time interval between two tool changes is less than 100 seconds (equals 0.6 tool changes per minute). In processes with many tool changes per minute, a regenerative supply module often proves to be the better choice. During contour milling with infrequent tool changes, the advantages are on the side of the non-regenerative system.

Deactivation Of Auxiliary Components

In the ready condition, energy use of several consumer groups is only slightly reduced. Therefore, these nonproductive phases must be kept as brief as possible. With machining centres for smaller production batches, energy consumption can be significantly reduced by the selective deactivation of auxiliary components. Beyond this, potential savings result from the use of energy efficient pumps in the coolant and lubricant circuit.

However, consistent switch-off of auxiliary components – such as hydraulics and spindle cooling – or of the compressed-air supply can also have a deleterious effect. If sudden removal of waste heat from auxiliary components, or of temperature-stabilising media, leads to thermal displacement in the machine frame, scrap can result. Selective auxiliary component switch-off therefore functions best on machines with little inclination to thermal displacement.

CNCs can be the central control unit for machine tool energy management, taking advantage of special PLC functions for linking events in the production process (such as NC stop) with outputs for controlling auxiliary components. Delay times can be assigned to events so that, for example, motors can be locked and disconnected from current after standstill. Functions for deactivating various auxiliary devices, axes, light in the working space, etc., can be generated on this basis. These basic functions are the responsibility of the machine tool builder. For users, it is helpful to adapt energy management to specific usage habits.



FOLLOW US ON: LinkedIn, Facebook, Twitter


Interview With Jun Chie, Vice President & General Manager At Keysight

Interview With Jun Chie, Vice President & General Manager At Keysight

Asia Pacific Metalworking Equipment News is pleased to conduct an interview with Jun Chie, Vice President & General Manager at Keysight regarding Keysight’s achievements for 2018, the company’s aims for 2019 and the trends that will shape the industry next year.

Can you sum up your company’s focus and achievements in 2018?

Keysight’s focus in 2018 revolved around 5G technology, automotive & energy, network visibility.

Asia saw greater demand for research & development for 5G, particularly in the wireless ecosystem. We also saw a growth in data center next-generation 400GbE and high-speed digital tests.

Automotive & energy-related orders from our customers have also increased over the past two years. Additionally, driven by our robust 5G solutions, we are pleased that network security orders from our customers such as leading mobile operators in Japan, Korea, China and the United States have surged too.

Some key offerings Keysight launched in 2018 include PathWave and KeysightCare to enable customers to not only accelerate innovation and product development from concept through manufacturing and deployment but also offers design and test engineers dedicated, proactive support for instruments, software, and solutions. In 2019, Keysight will continue to transition from being a product-focused company to a solutions-led one, and our new solutions embody this move.

Our strength in network security has also extended to our visibility solutions, following the acquisition of Ixia in 2017. This has allowed for an expansion in both the depth and breadth of our portfolio. With the combined strength of Keysight and Ixia’s solutions in network testing, visibility, wireless and physical layer test and measurement, we can deliver full end-to-end solutions across the communications workflow for our customers.

What business trends in Asia are of interest to your company in 2019?

In 2019, we will continue to focus on these key areas in Asia – 5G, Automotive & Energy, Network Visibility.

Our broad portfolio of 5G solutions coupled with the engagement with leading market makers strengthens Keysight’s leading position in this fast-growing market. Countries like South Korea, Japan and Singapore are leading the way; with South Korea’s commercial roll-out of 5G services in this year. Operators in Japan are also trialling pilot services on schedule towards full 5G operation at the 2020 Summer Olympics in Tokyo. Singapore is no stranger to 5G as well. Companies and education institutions like Singtel, Ericsson and Singapore Polytechnic are partners in the development and build of a local 5G ecosystem. With the digital infrastructure in place, we will see an increase in commercial enterprises leveraging on 5G technologies for their services/products.

In terms of automotive and energy, Keysight believes that by 2025 every car on the road will be connected in some way. Access to wireless communication networks will be critical for safer and autonomous driving. More than ever, we are committed to work and serve customers to support innovative projects that will drive the automotive and energy industries. In fact, Keysight established four Automotive Customer Centres in the world, with the most recent center opened in January 2019 in Nagoya, Japan. The center includes customer electronic test and measurement labs, technical experts, and state-of-the-art test equipment, as well as a customer training facility for hands-on workshops and seminars.

What do you think is the key industry trend to watch out for 2019?

We are currently witnessing an unprecedented boom in data volumes following the proliferation of connected devices and the move from 4G to 5G communications.

By 2020, there will be 20 billion connected devices, with each individual predicted to be connected to an upwards of 10 devices, thus resulting in a predicted trillion gigabytes of stored data.

The huge data boom in turn spells tremendous growth potential in the 5G technology market – this data will require ultra-fast transmission and low latency rates that our current 4G technology is not equipped to handle.

5G connectivity is the solution to this. Autonomous driving is a case in point. In a sudden emergency-brake scenario, the safety features of the autonomous car system will immediately emit a real-time warning to vehicles that are following it to prevent a chain collision. To achieve this, the signals from the lead car must be received ultra-fast for the following cars to take the necessary action.



FOLLOW US ON: LinkedIn, Facebook, Twitter


Outlook For Welding And Cutting Equipment Market

Outlook For Welding And Cutting Equipment Market

Welding is a fabrication process that joins materials through coalescence, while cutting refers to the slicing of steel or other metals of different thickness through the use of different cutting equipment. And both are often used together in metalworking industries in manufacturing processes or for the production of outputs. Based on the product type, the welding and cutting equipment market can be further divided into five categories: arc welding equipment, gas welding equipment, MIG welders, plasma cutting equipment and others. While from the perspective of the end-user, the welding and cutting equipment market can be divided into another five categories: energy industry, shipbuilding industry, construction industry, automobile industry and others.

However, based on findings by Persistence Market Research, welding and cutting equipment are mostly deployed by the energy, automotive and construction industries as of now. And due to the rapid growth of industry 4.0, demand for welding and cutting equipment has increased globally. In particular, Asia-Pacific has risen up as the largest market for welding and cutting equipment, followed by North America and Europe and China and India are the key countries for the growth of the industry due to the high industrial growth rate, high growth rate in the construction sector and high growth rate of automotive industry in both countries. In fact, China’s economy is expected to continue growing by 7.8 percent and as of 2012, China has emerged as the largest steel nation globally. Meanwhile, countries that are part of the BRIC group (Brazil, Russia, India, and China) have also been highlighted as fast growing regions for the welding and cutting market.

Overall, the market is projected to grow at a substantial rate through 2020 due to increasing demand from the energy, automotive and construction industries. But market growth is also constrained by a decreased growth of the ship building, aerospace and defense industries. Key players in the industry include Illinois Tool Works Inc., Lincoln Electric Holdings Inc., Victor Technologies International Inc., Colfax Corp., ESAB, Panasonic Corp., Sonics & Materials Inc., Charter International Ltd. and Denyo Co. Ltd.


FOLLOW US ON: LinkedIn, Facebook, Twitter

  • 1
  • 2
Back To Top