According to a recent survey published by FMI, the global Soldering Equipment market is expected to grow at a healthy CAGR during the forecast period between 2018 and 2028. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Soldering Equipment over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Soldering Equipment Market
The industrial sector is undergoing a change as manufacturers throughout the world place a strong emphasis on incorporating advanced automation. This is usually referred to as Industry 4.0.
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With the advent of Industry 4.0, manufacturers are stressing the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is projected to drive profitable growth in the Soldering Equipment market.
Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.
Key Soldering Equipment Market Takeaways and Projections
- The U.S. is estimated dominate the Soldering Equipment market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2018 and 2028
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Soldering Equipment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Soldering Equipment Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Soldering Equipment market. As per the survey, Soldering Equipment sales will project steady growth over the forecast period.
- Soldering Equipment Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Soldering Equipment.
- Soldering Equipment Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Global Soldering Equipment Market: Key Participants
Key players in the global soldering equipment market are
- Ersa GmbH
- Pillarhouse international Ltd
- RPS Automation LLC
- Sorny Roong Industrial Co., Ltd.
- JBC S.L
- SEHO Systems GmbH
- Vitronics Soltec Corp
- ACE Production Technologies, Inc.
- Blundell Production Equipment Ltd
- JUKI Automation
- American Hakko Products, Inc.
- PACE Europe, Ltd.
- The Harris Products Group
- Taiyo Electric Ind. Co., Ltd.
- Florida Cir Tech, Inc.
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Product Definition and Segmentation
Soldering equipment usually consists of a solder material, which is a piece of metal that melts when heated and bonds the work pieces together when cooled. Different types of soldering irons are used for different applications. Moreover, soldering equipment are handy tools in repair and maintenance activities, where they find numerous applications. The soldering equipment market can be segmented on the basis of the following criteria:
By Type of Soldering Iron:
- Soldering Station
- Soldering Pencil
- Soldering System
- Soldering Guns
By End Use Industry:
- Consumer Electronics
- Manufacturing
- Aerospace and Defense
- Automotive
- Healthcare
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About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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