SOURCE: MarketResearch.com

MarketResearch.com

August 16, 2011 11:08 ET

Welding Equipment Market to Reach $17 Billion by 2012

ROCKVILLE, MD--(Marketwire - Aug 16, 2011) - MarketResearch.com has announced the addition of the new report "Welding Equipment and Supplies: The Global Market," to their collection of Manufacturing market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6481858

Welding is used as a fabrication process in every industry large or small and is a principal means of fabricating and repairing metal products. The process is an efficient, economical, and dependable means of joining metals. This is the only process that has been used in space. The process also finds applications in air and underwater.

The true impact of welding on the metalworking industry can be gauged by the total value of the parts produced by welding; the money saved by using welding over other metal fabrication processes like soldering, brazing, etc.; and by the value of products made possible by welding. The welding industry constitutes users of welding techniques as well as companies that provide the equipment, materials, processes, and support services for welding.

Welding finds application in the automobile industry, and in the construction of buildings, bridges and ships, submarines, pressure vessels, offshore structures, storage tanks, oil, gas and water pipelines, girders, press frames, and water turbines. A major contribution that welding has made to society is the manufacture of household products like refrigerators, kitchen cabinets, dishwashers, and other similar products.

The various welding technologies available allow a great deal of flexibility in the design of the components to be welded. Welding and joining technologies are pervasive in commercial and defense manufacturing, and are a significant value-added source in the manufacturing process. The role of welding and joining in the repair and life extension of manufactured products is even more critical since these processes are frequently used to repair structures and components that were not originally welded.

Global market for welding products is $16.3 billion in the year 2011 and is projected to cross $17 billion in the year 2012. This is further anticipated to increase to $21.9 billion by 2017 at a compound annual growth rate (CAGR) of 5.2%.

The markets for consumables gas and protective equipment accounts for the highest market share and are expected to reach $10.9 billion by 2012 and further to increase to $14.4 billion by 2017 at a CAGR of 5.7%.

The market for welding equipments is $4.5 billion in the year 2011 and is projected to experience an increase from $4.7 billion in 2012 to more than $5.5 billion in 2017, a CAGR of 3.3%.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6481858

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