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Welding Equipment Market, By RegionNorth AmericaEuropeAsia-PacificRest of the World Welding Equipment Market, By ApplicationTransportationBuilding & ConstructionAerospaceDefenseAutomobile Oxy-Fuel WeldingArc WeldingLaser Beam WeldingResistance WeldingOthers The Welding Equipment Market has been segmented as below: Industry participants also follow value chain integration with business operations in multiple stages of the value chain. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Sonics and Materials Inc., Rofin-Sinar Technologies, DAIHEN Corporation Inc., Fronius International GmbH., Lincoln Electric Company, Voestalpine AG, Obara Corporation, Illinois Tool Works Inc., Panasonic Corporation, Arcon Welding Equipment, and others are among the major players in the global Welding Equipment market. Based on Application the global Welding Equipment market is segmented in Transportation, Building & Construction, Aerospace, Defense, and Automobile. The global Welding Equipment market is segregated on the basis of Type as Oxy-Fuel Welding, Arc Welding, Laser Beam Welding, Resistance Welding, and Others.
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Also, the shift in consumer preference from manual machines to automated machines is fuelling the demand for this equipment, is expected to continue to drive the overall demand for this equipment over the forecast period. Growing demand for welding equipment across applications such as shipbuilding, offshore exploration, oil & gas, aerospace, automotive, construction, and energy.
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Various welding equipment such as gas flames, electric arcs, friction, molten metal baths, lasers, ultrasound, electron beams, and electric resistance are used. Welding is done in all possible media such as in space, underwater, and air.
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This is implemented in small- or large-scale industries to weld metal or thermoplastics This assembly process is also used to renovate and repair metal products. Welding equipment technology is generally used for the assembly of two or more material on a permanent basis. The global Welding Equipment market will grow by US$ 12.39 Billion by 2024 at a CAGR of 6.5% in the given forecast period.