LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global ultrasonic metal welding equipment market to grow at a CAGR of more than 7% during the forecast period, according to their latest report.
The market study covers the present scenario and growth prospects of the global ultrasonic metal welding equipment market for 2017-2021. The report also lists automotive, power, and aerospace sectors as the three major end-user segments for the market which are expected to drive demand.
Ultrasonic metal welding uses ultrasonic vibrations to create a friction-like relative motion between two metals, which are held together under pressure. The process is significantly used in the automotive, aerospace, and defense industries, apart from the power and food and beverage packaging sector, says Gaurav Mohindru, a lead analyst at Technavio for tools and components research.
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Technavio heavy industry analysts highlight the following three market drivers that are contributing to the growth of the global ultrasonic metal welding equipment market:
- Increased use of Li-ion batteries where ultrasonic metal welding is required
- Rise in EV car sales
- Increase in demand for functional drinks and RTDs
Increased use of Li-ion batteries where ultrasonic metal welding is required
A Li-ion battery pack generally consists of three metal-to-metal joints. These are, namely the foil to tab, tab to tab, and tab to the bus. All these three joints are major challenges to construct as they involve welding of multiple layers. Also, these joints are made up of dissimilar metals. The ultrasonic metal welding is primarily used in Li-ion batteries to overcome this challenge. This is because the ultrasonic metal welding is highly capable of welding dissimilar combinations like copper, aluminum, and nickel. Thus, the rise in use of Li-ion batteries is projected to grow at a CAGR of more than 15% will positively impact the global ultrasonic metal welding equipment market.
Rise in EV car sales
The rise in pollution and decline in fossil fuel reserves have driven governments to promote EVs and PHEVs. The rise in carbon emissions has increased global warming at an alarming rate and this has forced countries to take steps to curb carbon emissions. Governments are providing incentives to support purchase of zero-emission cars such as EVs, PHEVs, and battery electric vehicles. EVs and PHEVs are expected to drive the demand for Li-ion batteries, which in turn will boost the global ultrasonic metal welding equipment market.
Increase in demand for functional drinks and RTDs
Ultrasonic metal welding equipment is used in the food industry because it is fast and can produce hermetic seals when compared with other traditional techniques. Milk, juice, and energy drinks containers are some of the products that require ultrasonic metal welding for sealing. Generally, the parts which are to be sealed are covered with plastic (polyethylene) and then welded together to create an air tight seal.
“The increase in demand for energy drinks will increase the market share for the beverage industry, thereby driving the beverage packaging machinery,” says Gaurav.
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