New York City, NY -- (SBWIRE) -- 11/06/2017 -- More than 1,500,000 units of arc welding equipment are estimated to be sold in 2017 globally, according to a report by Persistence Market Research (PMR). In terms of volume, PMR's report projects the global arc welding equipment market to register a steady expansion at 5.2% CAGR, to surpass 2,000,000 units in sales by 2025-end.

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Demand for welding equipment is predicted to rise for repair & maintenance-related activities in the near future. Major industries including energy, automotive & transportation, construction, shipbuilding, processing, and metal fabrication will witness huge requirement of welding equipment and consumables for repair and maintenance processes.

Wind energy industry is expected to hold potential growth opportunities for manufacturers of welding equipment. According to Global Wind Energy Council, adoption of wind power has increased by 50% over the past few years.

Asia Pacific (APAC) will remain the largest market for arc welding equipment, with sales pegged to reach nearly 960,000 units by 2025-end. Various parameters such as strong weld, ease of operation and cost-effectiveness will drive demand for arc welding equipment in APAC for application in industries such as energy, automotive & transportation, shipbuilding, construction, metal fabrication, and processing. In addition, economic growth of APAC countries such as India, China, and South Korea is expected to witness acceleration, implying a rise in construction and manufacturing activities in this region. This is further expected to drive higher demand for arc welding equipment in APAC.

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However, sluggish adoption of advanced arc welding technologies including PAW, EGW and SAW in APAC countries is estimated to be a major retraining factor for growth of the arc welding equipment market in this region. High market competition owing to low-cost products offered by local players are compelling huge manufacturers to sell their products at low prices. This will further impede market growth in APAC.

Europe will continue to be the second largest market for arc welding equipment during the forecast period. Robust expansion of heavy industries such as automotive, steel fabrication, pipe, and heavy equipment in Europe is the major factor driving growth of the arc welding equipment market in this region. Evolving automobile designs, surging demand for automobiles, and burgeoning demand for arc welding equipment from wind and solar energy industries will further fuel growth of the market in Europe.

Low-cost China imports are flooding the European market, posing threats for majority of European manufacturers. In addition, various players engage in sales of arc welding equipment, which are refurbished or reworked, and are duplicates of OEM's products. These factors are estimated to impede growth of the arc welding equipment market in Europe.

Leading market players identified in PMR's report include

Daihen Corporation, The Lincoln Electric Company, Colfax Corporation, Obara Group, Inc., Illinois Tool Works Inc., Hyundai Welding Co. Ltd., Praxair, Inc., Arc3 Gases, Inc., MESSER Group GmbH, Air Liquide S.A., Fronius International GmbH, Air Products and Chemicals, Inc., The Linde Group, CEA S.p.A., EWM AG, Taiyo Nippon Sanso Corporation, Panasonic Corporation, GYS, MERKLE Schweißanlagen-Technik GmbH, Kemppi Oy.

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