Laser Welding Machine Market 2019 Global Trends

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Laser Welding Machine Market 2019 Global Trends

The global laser welding machine market is expected to have a promising growth at a moderate CAGR during the predicted years (2016-2027). The advancements made in the field of laser technology has led to its extensive use with laser beams turning commonplace. The process of laser welding is used to weld different materials. Laser welding finds application on those materials having high melting point and high heat conduction. This method helps to join components which demands low thermal distortion and high-speed welding. It is used in exotic applications for which no other welding techniques will be suitable. Laser welding machines are in great demand in the medical device technology, entertainment electronics and photovoltaic sectors. Of late heavy industries especially, the wind industry is widely using the laser welding machine to ensure affordable offshore wind energy. In fact, the laser welding manufacturers are mostly focusing on the wind substructures and turbine towers. The key benefits of laser welding include over conventional welding techniques, ease of automation, minimal distortion and deep narrow welds. Laser welding helps in automating the welding process that helps to boost up the product rates in its entirety. The versatility of these machines helps manufacturers in cutting different forms of materials and developing products and components which have complex geometry.fiber optic transmission speed
There are a couple of factors that is driving the growth of the laser welding machine market. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include thermal stability offered by laser welding machines, increasing use by different end-user applications such as electronics, automotive, jewelry and medical, technological improvements, advancement in the manufacturing process and product innovations.
Market Research Future report provides a comprehensive segmental analysis of the laser welding machine market on the basis of technology and application.

Based on technology, it is segmented into solid-state laser welding machine, CO2 laser welding machine and fiber laser welding machine. Of these, the fiber laser welding machine is predicted to attain the maximum market share owing to the highly efficient light that these machines create compared to other technologies.

Based on application, the laser welding machine market is segmented into tool and mold-making, automotive, jewelry industry, electronics, medical and others.Based on region, the laser welding machine market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, Europe is expected to grow largely due to factors such as increasing government funding, rise in people's disposable income, rapid urbanization, swift increase in the infrastructural development projects, constant welding technology advancements and increasing trend of automation. The Asia Pacific region is predicted to be the fastest growing and the reasons behind this rapid growth include rapidly surging construction, transportation and automotive sectors and growing awareness about laser welding technologies.