The global oxy-fuel welding equipment market is expected to grow at a moderate 6.4% CAGR, with a revenue share of US$ 1474.6 million in 2022, rising to US$ 2734.5 million by 2032.The oxy-fuel welding process uses a compressed mixture of high energy density fuel and oxygen to generate a flame capable of raising the temperature of the material to be welded.
Oxy-fuel welding encompasses three welding processes: oxyacetylene welding, oxyhydrogen welding, pressure gas welding, and air acetylene welding. Among these four welding processes, oxyacetylene welding is the most widely used for welding, accounting for more than 80% of the market.
The equipment required to spread the welding technique is made up of simple components such as gas cylinders, flow regulators, mixing chambers, conveyance tubes and nozzles. Manufacturers of such equipment are currently more focused on producing individual parts rather than standalone systems due to lower costs and ease of assembly. The oxy-fuel welding procedure is extensively used in applications where electrical power is scarce, and the welding process can be performed with or without the use of filler material.
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Regional Outlook
The oxy-fuel welding equipment market can be related to the performance of the end use industry in each of the seven geographical locations across the globe. The North American market is anticipated to hold a healthy potential for the growth of the market owing to increase in fabrication and repair activities across the region especially in the U.S. The presence of large number of retailers and specialist sellers of oxy-fuel welding equipment is expected to aid in the growth of the market even further. The market in the Asia Pacific region also holds high potential to improve further in the future owing to large presence of small scale welding workshops that rely on cheaper welding options, particularly in China, ASEAN and India.
Here are some potential key takeaways for the oxy-fuel welding equipment market:
- Increasing demand from the construction industry: The construction industry is a significant user of oxy-fuel welding equipment, and with the growth in construction activities across the globe, the demand for oxy-fuel welding equipment is likely to increase.
- Growing adoption of oxy-fuel welding in metal fabrication: Oxy-fuel welding is a commonly used technique in metal fabrication, and with the increasing demand for metal-based products, the market for oxy-fuel welding equipment is likely to grow.
- Technological advancements: Advancements in technology are leading to the development of more efficient and user-friendly oxy-fuel welding equipment, which is likely to increase the adoption of this technique and the demand for equipment.
Market Participants
Examples of some of the major players in the Global Oxy-fuel Welding Equipment market, identified across the value chain include:
- Illinois Tool Works Inc.
- Koike Aronson, Inc.
- Colfax Corporation
- The Eastwood Company
- American Torch Tip Company
- Quality Components Co. Inc.
- Rexarc International, Inc.
- Detroit Torch & Mfg. Co.
- Flame Technologies, Inc.
- Rotarex S.A.
- Uniweld Products, Inc.
- Tewelding Engineers
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Oxy-fuel Welding Equipment Market Dynamics
Though oxy-fuel welding technique has limited application in industrial scale operation, its utilization in repair and fabrication industry is the most prominent. Small scale repair shops run by a single or few welders typically adopt oxy-fuel welding technique due to lower investment costs and ability to weld large variety of materials has increased its popularity hence biding well for the growth of the oxy-fuel welding equipment market. Oxy-fuel welding technique is the least complex among all the welding techniques requiring minimum set up operation.
This technique requires the assembly of simple devices such as fuel tank, torch, mixing chambers among others hence, in-depth know how of such techniques is not necessary making it practically useful for people who are new to welding. The non-requirement of electricity in order to initiate the welding process is another factor helping in driving the oxy-fuel welding equipment market even further.
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Key segments
By Process type:
- Oxyacetylene Welding
- Oxyhydrogen Welding
- Pressure Gas Welding
- Others
By End Use Industry:
- Energy & Utilities
- Aerospace
- Transportation
- Metal Fabrication
- Maintenance and Repair
- Automotive
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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