The global oxy-fuel welding equipment market is anticipated to be valued at approximately USD 1.5 billion in 2023 and is projected to grow to USD 2.8 billion by 2033. This growth is expected to occur at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2023 to 2033. The oxy-fuel welding process includes various methods such as Oxyacetylene welding, Oxyhydrogen welding, Pressure gas welding, and Air acetylene welding, with oxyacetylene welding being the most prevalent, holding over 80% of the market share.
The equipment involved in oxy-fuel welding comprises key components like gas cylinders, flow regulators, mixing chambers, conveyance tubes, and nozzles. Currently, manufacturers are prioritizing the production of individual components over complete systems, as this strategy is more cost-efficient and facilitates easier assembly. Oxy-fuel welding is particularly beneficial in situations where electrical power is scarce and can be executed with or without filler materials.
Regional Outlook:
The oxy-fuel welding equipment market’s growth is closely tied to the performance of end-use industries across seven geographic regions. North America is projected to experience significant growth, driven by increased fabrication and repair activities, particularly in the U.S. The presence of numerous retailers and specialized sellers of oxy-fuel welding equipment is expected to further bolster market expansion. The Asia-Pacific region also holds considerable potential for growth due to the prevalence of small-scale welding workshops seeking cost-effective solutions, especially in China, ASEAN countries, and India.
Market Participants
• 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
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
Report Preview: https://www.futuremarketinsights.com/reports/oxy-fuel-welding-equipment-market
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