What is Global Inverter Welding Machine Market?
The Global Inverter Welding Machine Market is a vast and dynamic sector that encompasses a wide range of products and services. Essentially, an inverter welding machine is a type of welding equipment that uses high-frequency power conversion technology to convert 50/60Hz power frequency into high-frequency (over 10KHz) power, which is then rectified and filtered to produce DC power. This technology has revolutionized the welding industry, offering numerous benefits such as energy efficiency, portability, and improved welding quality. The global market for these machines is substantial and continues to grow, driven by increasing demand from various industries and advancements in technology.
MMA, MIG/MAG, TIG, Others in the Global Inverter Welding Machine Market:
The Global Inverter Welding Machine Market is segmented based on the type of welding process, namely MMA, MIG/MAG, TIG, and others. MMA (Manual Metal Arc) welding is the most common type, accounting for about 40% of the market. This process is versatile and can be used with a wide range of metals and alloys. MIG/MAG (Metal Inert Gas/Metal Active Gas) welding is another popular process, known for its efficiency and high-quality results. TIG (Tungsten Inert Gas) welding is a more specialized process, used for precision work and high-quality finishes. Other types of welding processes also form part of the market, catering to specific needs and applications.
High-Tech Industry, Heavy Industry, Light Industry in the Global Inverter Welding Machine Market:
The Global Inverter Welding Machine Market finds its usage in various sectors such as High-Tech Industry, Heavy Industry, and Light Industry. In the High-Tech Industry, these machines are used for precision welding tasks in electronics, aerospace, and other high-tech manufacturing sectors. In the Heavy Industry, they are used for large-scale welding tasks in industries like shipbuilding, construction, and heavy machinery manufacturing. The Light Industry also utilizes these machines for smaller-scale, more delicate welding tasks. Each of these sectors contributes to the overall market demand for inverter welding machines.
Global Inverter Welding Machine Market Outlook:
The future outlook for the Global Inverter Welding Machine Market is promising. As of 2022, the market was valued at US$ 9172 million and is projected to reach US$ 10340 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 1.7% during the forecast period from 2023 to 2029. The market is fairly concentrated, with the top 4 players holding about 25% of the global shares. The MMA type of welding continues to dominate the market with a 40% share, and the Heavy Industry remains the main application sector, also holding a 40% share.
| Report Metric | Details |
| Report Name | Inverter Welding Machine Market |
| Accounted market size in 2023 | US$ 9172 million |
| Forecasted market size in 2030 | US$ 10340 million |
| CAGR | 1.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Panasonic, Lincoln, Esab, OTC, Fronius, Miller, Migatronic, GYS, Sansha Electric, Auweld, CEA, Deca, Sohal, Arcraft plasma, Riland, Jasic, Time Group, HYL, Kende, Tayor, Kaierda, Hugong, Aotai, WTL, Shiwei |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
