Laser weldingis a process used to attach metals or thermoplastics together using a laser beam to form a weld. It provides a concentrated heat source that leads to laser welding at high welding speeds in fine materials, and in profuse materials can produce narrow, deep welds between square-edged parts.
Over conventional welding procedures, laser welding offers several technical advantages, such as deep and narrow welds, minimal deformation, and ease of automation. A key advantage of laser welding process is its ability to automate itself, which helps in increasing the overall production rates. The laser welding equipment is expensive, however the cost savings attained through higher production and lower reject rates almost cancels out the additional cost incurred during the purchase of the laser welding systems.
According to a latest survey, The global market for laser welding equipment is expected to develop at a rapid pace over the course of the given forecast period of 2019 to 2027. One of the primary rising factors for the market development has been increasing thermal stability offered by this laser welding equipment. The utility of laser welding equipment also aids in removing the use of chemical additives and glue from the procedures of welding. The growing use of laser welding machines by the several end-user application industries such as electronics, automotive, jewelry, and medical among others is also contributing significantly in terms of driving the growth of the global market. It is expected that the demand for laser welding equipment will grow even further with advancements in the manufacturing procedures, technological advancements, and product innovations.
Market analysis of Laser Welding Equipment
– Fiber laser welding equipment is gauged to develop at an attractive rate. The fiber lasers help in facilitating more efficient delivery of light on the target spot of the subject metal. These lasers do not need any kind of expensive or costly optical mirrors or other moving components such as disk lasers. The technology of fiber laser welding machine provides the ability to amplify and channeling of light through the fiber optic cable.
-From a regional point of view, the global laser welding equipment market is divided into five key regions which are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Market Dynamics for Laser welding equipment
– Laser welding equipmentare easily controllable and generates low volume of waste. They can weld aluminum, stainless steel, high-strength steel, carbon steel, precious metals etc. These equipment allow automation in the welding process; thus, it enhances the overall volume of production. Laser welding equipment are increasingly being adopted by the medical device manufacturing sector, automotive sector, heavy manufacturing sector, as well as the construction sector due to such benefits. As a result, the laser welding machine market is likely to grow at an impressive pace in the upcoming years.
– Lack of skilled and experienced labor in manufacturing industries is expected to enhance the rise of the laser welding machine market in the near future. It is estimated that high labor cost and heavy initial price tag causes uncertainty among end-users regarding their adoption, thereby hindering the growth of the laser welding machine market.
A detailed analysis of the market trend gives us an inference that Laser Welding Equipment market in 2020 is paving its way to a massive growth. One of the leading manufacturers of these equipment Mikro Innotech India Pvt. Ltd. in India delivers the best in this technology.