Albany, NY -- (SBWIRE) -- 12/16/2015 -- Fiber lasers contain active gain medium, an optical fiber integrated with rare-earth elements such as erbium and ytterbium. Unlike conventional gas lasers, a fiber laser uses part of the fiber as the resonating cavity where the laser action takes place to generate laser beams. Fiber lasers are preferred over other lasers such as CO2 lasers as they are more reliable, efficient, robust, and portable, and easy to operate than other lasers. They are used for cutting and welding purposes in industries such as manufacturing, automotive, electronics, medical, and telecommunication due to their superior performance, compact size, high output power, low cost of ownership, durability, and eco-friendly nature.

The fiber laser market in Europe to grow at a CAGR of 21.1% over the period 2014-2019. This report covers the present scenario and the growth prospects of the fiber laser market in Europe for the period 2015-2019. To calculate the market size, the report covers the shipments of fiber lasers in Europe. The report does not consider the following to estimate the market size: components or devices used in the production of fiber lasers, and aftermarket sales of fiber lasers. The market size is calculated based on the domestic consumption and the import value.

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Technavio's report, Fiber Laser Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the market in Europe and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
Coherent
IPG Photonics
Rofin-Sinar Technologies
Trumpf

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Market driver
Increasing adoption due to superior attributes
For a full, detailed list, view our report

Market challenge
Uncertainty regarding lifespan of fiber lasers
For a full, detailed list, view our report

Market trend
Emergence of eco-friendly technologies
For a full, detailed list, view our report

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