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Region : Global | Latest Update: Aug, 2019 | Published Date: Jun, 2019 | Report ID: FBI100453| Status : Published
Global engine driven welders market which was valued at US$ 1,010.6 Mn in 2018 is projected to reach US$ 1,402.4 Mn by 2026, exhibiting a CAGR of 4.3% during the forecast period (2019 – 2026)
The global engine driven welders market is anticipated to grow during the forecast period, owing to the low fuel consumption, reduce operational costs, higher productivity, technological advancements such as wireless remote technology, and maintaining consistency in quality. Owing to the consumer’s demand for engine driven welder machines, players are focusing on welding based generator machines in order to provide power backup along with welding operation.
A significant engine driven welders market trend is observed owing to the increase in foreign direct investments, governmental initiatives for expansion or upgradation of existing infrastructure, construction of oil and gas refineries, and pipelines. Among end use application, the pipeline segment held the highest engine driven welders machine share in 2018, due to increasing demand for underground pipeline facilities for oil & gas, favorable regulatory framework, adoption of clean energy for chemical, power generation and manufacturing plants across the globe. The construction sector is also estimated to provide a significant opportunity for the engine driven welder machines due to government's increases in budget allocations toward homeownership initiatives, availability of funds from financial institutions at cheaper interest rates.
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KEY MARKET DRIVERS
Adoption of advanced engine driven welder (generators) for heavy industrial applications is driving the market
Consumers across the globe are demanding more advanced technological engine driven welding machines. Therefore, many companies are immensely focusing on continuous improvement in the welding equipment and recognizing the new trends. Rising demand for engine driven welders is expected to propel growth in the market during the forecast period 2019 – 2026.
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Increasing adoption of engine driven welder machine is supplementing the revenue growth of North America
North America generated a revenue of US$ 348.1 Mn in 2018 and is anticipated to emerge dominant in the global engine driven welders market for heavy industrial applications during the forecast period. Growth witnessed in the region is likely to be driven by demand from households for engine driven welder machine, advanced mechanized processes resulting in reduced labor cost, speedier work, and greater efficiency.
Asia Pacific generated a revenue of US$ 283.6 Mn in 2018 and is forecasted to drive the global engine driven welders market for heavy industrial applications owing to the retrofitting and renovation of old technology, increasing of construction fields expenditures, growth in government budgets for infrastructure development.
North America Engine Driven Welders For Heavy Industrial Applications Market
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The report provides qualitative and quantitative insights on the engine driven welder (generators) for heavy industrial applications market and detailed analysis of market size & growth rate for all possible segments in the market. The global engine driven welders market has been segmented by welding current, engine brand, end use application, and geography. By welding current, the engine driven welder (generators) for heavy industrial applications market is categorized into less than 300 amp, 300-500 amp, 500 amp and above. Based on the engine brand, the engine driven welder (generators) for heavy industrial applications market is segmented into Kubota, Kohler, Perkins, Yanmar co. ltd, Deutz AG, others. On the basis of end use industry, the global engine driven welders market is bifurcated into mining, pipeline, construction, others. Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions are further categorized into countries.
Along with this, the report provides an elaborative analysis of the global engine driven welders market dynamics and competitive landscape. Various key insights provided in the report are the price trend analysis, recent industry developments in the field of engine driven welders, such as mergers & acquisitions, the regulatory scenario in key countries, SWOT analysis, and emerging market trends.
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By Welding Current
· Less Than 300 Amp
· 300-500 Amp
· 500 Amp and above
By Engine Brand
· Yanmar CO. LTD
· DEUTZ AG
· Others (Mitsubishi, CAT, Cummins, Honda )
By End Use Application
· North America (The U.S. and Canada)
· Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
· Latin America (Brazil, Mexico and Rest of Latin America)