skip to Main Content
Choosing The Right Welding System For Battery Packs

Choosing The Right Welding System For Battery Packs

Selecting appropriate welding system for battery packs is a critical decision that impacts both product quality and efficiency. The system should align with the specific requirements of battery pack manufacturing, ensuring precise tab-to-terminal connections while maintaining production volume demands. AMADA WELD TECH explains.

Read More
Welding Materials Market To Reach USD$17.3 Billion By 2025

Welding Materials Market To Reach USD$17.3 Billion by 2025

As reported by MarketsandMarkets, the Welding Materials Market will grow from USD$13.6 billion in 2020 to USD$17.3 billion by 2025, at a CAGR of 4.8 percent during the forecast period.

The increased spending on the building & construction market, development of manufacturing sectors, and growing repair & maintenance activities are likely to drive the welding materials market.

APAC is the fastest-growing market for welding materials due to growing demand in JapanChina, and India. Increasing residential building constructions, as well as remodelling/reconstruction of existing infrastructures, are also expected to drive the market in the region.

APAC has also experienced significant growth in the last decade and accounted for approximately 34% of the global GDP in 2019. According to the Population Reference Bureau, ChinaIndia, and other emerging APAC countries had a combined population exceeding 4 billion in 2019. This is projected to become an increasingly important driver for global consumption over the next two decades.

The major advantage of arc welding is the concentration of heat applied to a large surface that enables better welding by providing a depth of penetration, which ultimately saves time. Arc welding is the most preferred technology due to its low cost and can be applied to a wide range of metal surfaces, making it highly sought after.

Key players operating in the welding materials market are Colfax Corporation (US), Air Liquide S.A. (France), Air Products & Chemicals (US), Illinois Tool Works (US), Linde PLC (UK), Lincoln Electric Holdings (US), Tianjin Bridge Welding Materials Group (China), and Kobe Steel (Japan).

These are the players that have adopted various growth strategies to expand their global presence and increase their market share.

Check these articles out:

Sandvik Coromant Expands Digital Machining Division In Southeast Asia And Oceania

Frost & Sullivan: Welding Vendors Focusing On New Technologies And Energy Efficiency

Emerson’s Shanghai Research And Development Center Recognised For Innovation In Welding And Precision Cleaning

Laser Welding Processes for Martensitic Chromium Steels Ensure a Future Safe from Collisions

PTG Opens £1.6 Million Friction Stir Welding Research Centre

Frost & Sullivan: Welding Vendors Focusing On New Technologies And Energy Efficiency

Frost & Sullivan: Welding Vendors Focusing On New Technologies And Energy Efficiency

Frost & Sullivan’s recent analysis, Newer Welding Techniques to Enable Growth in the Digital Age, reports that increasing competition in the global welding equipment and consumables market has led manufacturers to focus on energy efficiency, operational excellence and reducing maintenance costs. Amid the uncertain economic conditions caused by COVID-19, the industry is forecast to reach $21.74 billion by 2024, growing at a CAGR of 1.3 percent. Growth is driven by opportunities from developing regions where infrastructure building, the introduction of new welding technologies, and automation are top priorities.

“Several new developments in welding technologies and materials are emerging due to an increased focus on energy efficiency from vendors and end-users. Advancements such as the ability to monitor and regulate the weld temperature while in the process are generating highly efficient outputs and better quality. These innovations will reduce operational tasks, improve energy management and extend electrode life,” said Krishnan Ramanathan, Industry Manager, Industrial Technologies Practice, Frost & Sullivan.

Digital transformation is gaining traction in Australia and Singapore as their communications infrastructure is upgraded. This digitalisation is expected to propel the welding market as other countries modernise. China, India, and Brazil are also vital for welding equipment and consumables suppliers as they have high energy and infrastructure requirements. However, the development rate is likely to be gradual as economies recover from the impact of COVID-19.

“IIoT is a major trend affecting equipment manufacturers as end-users continue to emphasise on improving their plant maintenance and curb operational expenditure (OPEX),” Ramanathan said. “With the global economy currently experiencing a dynamic environment, manufacturers are striving to improve operational efficiency in their existing plants and are keen to cut down the maintenance and operational costs due to unexpected failure and asset downtime. Realising that the future of manufacturing is likely to be driven by IIoT, companies today are turning their focus toward data ownership, security, and integration with existing infrastructure, with an intent to achieve returns on their investment in these solutions.”

Welding equipment manufacturers should explore these strategic recommendations to increase growth opportunities:

  • Collaborate with technology providers to enhance capabilities and meet varying end-user requirements. Leveraging state-of-the-art technologies and consumables will result in higher-quality welds and cost-savings for end users.
  • Expand the business approach by offering the option to rent welding equipment to reduce capital expenditure.
  • Continue working with traditional channel partners due to their wide reach while exploring alternative distribution and servicing options.
  • Focus on the Middle East, Africa, India, and Southeast Asia regions as these will witness a surge in demand due to increased urbanisation.

 

For other exclusive articles, visit www.equipment-news.com.

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

 

Back To Top