The global oxy-fuel welding equipment market is anticipated to have a moderate 6.4% CAGR, capturing a revenue share of US$ 1474.6 million in 2022, to reach US$ 2734.5 million by 2032.
The oxy-fuel welding process is a welding technique utilizing a compressed mixture of high energy density fuel and oxygen to generate a flame capable of elevating the temperature of the material to be welded. The three welding processes that fall under oxy-fuel welding are Oxyacetylene welding, Oxyhydrogen welding, Pressure gas welding and air acetylene welding. Among these four welding techniques, oxyacetylene welding is the most prominent technique adopted for the purpose of welding taking up more than 80% of the market share.
The equipment that is used to propagate the welding technique can be broken down into simple components comprising gas cylinders, flow regulators, mixing chamber, conveyance tubes and nozzle. Manufacturers of such equipment in the current scenario are more focused on producing individual parts than the standalone systems owing to less cost and ease in assembling. The oxy-fuel welding process is widely preferred in application areas where the availability of electrical power is a constraint while the welding process can be done with or without the use of filler material.
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The oxy-fuel welding equipment market can be related to the performance of the end use industry in each of the seven geographical locations across the globe. The North American market is anticipated to hold a healthy potential for the growth of the market owing to increase in fabrication and repair activities across the region especially in the U.S. The presence of large number of retailers and specialist sellers of oxy-fuel welding equipment is expected to aid in the growth of the market even further. The market in the Asia Pacific region also holds high potential to improve further in the future owing to large presence of small scale welding workshops that rely on cheaper welding options, particularly in China, ASEAN and India
Examples of some of the major players in the Global Oxy-fuel Welding Equipment market, identified across the value chain include:
- Illinois Tool Works Inc.
- Koike Aronson, Inc.
- Colfax Corporation
- The Eastwood Company
- American Torch Tip Company
- Quality Components Co. Inc.
- Rexarc International, Inc.
- Detroit Torch & Mfg. Co.
- Flame Technologies, Inc.
- Rotarex S.A.
- Uniweld Products, Inc.
- Tewelding Engineers
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Oxy-fuel Welding Equipment Market Dynamics
Though oxy-fuel welding technique has limited application in industrial scale operation, its utilization in repair and fabrication industry is the most prominent. Small scale repair shops run by a single or few welders typically adopt oxy-fuel welding technique due to lower investment costs and ability to weld large variety of materials has increased its popularity hence biding well for the growth of the oxy-fuel welding equipment market. Oxy-fuel welding technique is the least complex among all the welding techniques requiring minimum set up operation. This technique requires the assembly of simple devices such as fuel tank, torch, mixing chambers among others hence, in-depth know how of such techniques is not necessary making it practically useful for people who are new to welding. The non-requirement of electricity in order to initiate the welding process is another factor helping in driving the oxy-fuel welding equipment market even further.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends and Issues and Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest Of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
- Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Oxy-fuel Welding Equipment Market can be segmented as follows;
By Process type, the market can be segmented as:
- Oxyacetylene Welding
- Oxyhydrogen Welding
- Pressure Gas Welding
By End-Use Industry, the market can be segmented as:
- Energy & Utilities
- Metal Fabrication
- Maintenance and Repair
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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