Global Welding Controllers Market 2018-2022 | Industry Analysis and Forecast | Technavio
LONDON--(BUSINESS WIRE)--Dec 31, 2018--The global welding controllers market research report by predicts the market to post a CAGR of more than 4% during the period 2018-2022.
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Technavio predicts the global welding controllers market to post a CAGR of more than 4% by 2022. (Graphic: Business Wire)
A key driver for the global welding controllers market is the growing adoption of automated welding. The increasing awareness regarding automation among vendors and vendors seeking to gain competitive advantage through automation in the welding process are the factors promoting the rising use of automation in the welding process. The advances in robotics technology have led to the use of robots in the welding processes. This improves the efficiency of welding processes, enhances the quality of welding, increases productivity, and minimizes scrap.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growing use of welding information management systems as one of the key trends in the global welding controllers market:
Global welding controllers market: Growing use of welding information management systems
Owing to the growth of automation in the welding industry, there is a rise in the incorporation of welding information management systems within the welding equipment. The end-users are adopting welding information management systems to acquire real-time information during the welding process.
“The end-users can record data about arc starts, arc-on time, deposition amounts, and deposition rates and performance quality based upon the current and voltage consumption by incorporating welding information management systems with welding controllers. The filler metal deposition rates can also be obtained based on variables such as the wire feed speed, density of the filler metal wire, the diameter of the wire, and duration of each weld,” says a senior analyst at Technavio for research on automation.
Global welding controllers market: Segmentation analysis
This welding controllers market analysis report segments the market by application (spot welding and seam welding), end-user (automotive, electronics, heavy machinery, A&D, and others), and geography (the Americas, APAC, and EMEA).
The spot welding segment held the largest welding controllers market share in 2017, accounting for over 54% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The APAC region led the market in 2017 with more than 38% of the market share, followed by the Americas and EMEA respectively. The APAC region is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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