The analysts forecast the global submerged arc welding market to grow at a CAGR of 3.80% during the period 2018-2022.
Submerged arc welding involves the formation of an arc on a continuously fed bare wire electrode and the desired workpiece. The process makes use of a granular flux to produce protective gases, slag, and to add alloying elements to the weld pool.
One trend affecting this market is the advent of new technologies driven by the competitive landscape. Technological innovations and advances both in terms of equipment as well as methodologies are clear indications of highly competitive landscape of the global welding industry.
One driver influencing this market is the augmented demand from the construction activities. The increasing construction activities across the globe are expected to drive the demand in the submerged arc welding market, both in terms of equipment as well as consumables. Structural steel is considered to be an important raw material for all construction activities, and its application is imperative.
The report states that one challenge affecting this market is the growing popularity of laser welding technology. Laser welding technology is one of the most notable applications of laser that is gaining momentum. Laser welding is used in components that need to be manufactured using welding with minimal thermal distortion and at a fast rate.
The market is divided into the following segments based on geography:
- Illinois Tool Works
- Kjellberg Finsterwalde Plasma und Maschinen
- The Lincoln Electric
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Customer Landscape
8: Market Segmentation By End-User
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/kr5khx/global_submerged?w=4