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Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, with a steady long-term projection, according to the latest insights by Future Market Insights (FMI). The report estimates the market to expand at 4.6% CAGR from 2021 to 2031. In the centrifugal pumps market, the industrial and domestic segments totaled US$ 24.3 billion for 2021, according to the annual market analysis conducted by FMI.

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Strong demand from the water and wastewater sector and the food and beverage industry drives the centrifugal pump market in terms of volume. Demand for centrifugal pumps slumped in 2020 due to the COVID-19 pandemic.

However, the water and wastewater segment of the industry was not affected as much due to the latest guidelines issued by World Health Organization (WHO) on water sanitation standards which bodes well for sales in the near future. Despite the economic impact of the crisis in many countries, the market’s long-term outlook will remain optimistic.

FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps particularly in domestic, Water and wastewater treatment industries

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

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Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Key Takeaways from Centrifugal Pump Market Study

• Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
• Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
• The market in the South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
• The markets in India and South Korea are set to surge at higher than 5% CAGR over the coming decade.
• Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

“Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercials applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

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Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

Future Market Insights on the gasoline generator market includes global industry analysis 2014 – 2018 and opportunity assessment 2019 – 2029. The report inspects into the gasoline generator market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global gasoline generator market is likely to experience considerable growth during the forecast period, owing to several dynamic factors, such as rising demand from residential and commercial sectors for running small power loads in case of power outages.

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The global gasoline generator market was valued at ~US$ 650 Mn in 2018, and is expected to register healthy growth of ~4% during the period 2019-2029. This growth is prominently driven by the growing construction industry. The market for gasoline generators across the globe is highly competitive and small players in the market have to struggle to gain share in the market. Companies have to adopt product innovation as a key strategy to maintain competitive edge, as new product innovations can provide significant growth opportunities in the market. Noise and weight reduction in portable gasoline generators can be opportunistic; development of products within affordable price bracket can result in high penetration into residential sector.

North America to Capture Significant Market Share

There has been substantial growth in the U.S. construction industry over the recent past. As per the U.S. Census Bureau, there has been significant growth in non-residential construction spending. It is also estimated that this particular segment will grow rapidly over the forecast period. With the growing construction industry, rise in the preference for portable generators (for standby backup power) is expected to surge the demand for gasoline generators over the forecast period. Since 2010, there has been a continuous rise in the U.S. non-residential construction spending with an annual growth rate of ~5-6%, which is likely to boost the demand for gasoline generators in upcoming years.

Gasoline Generator Gratifying Electrical Requirement for Commercial & Residential Sectors

There is a robust usage of gasoline generators in commercial and residential end-use sectors for standby backup power in times of power shortage and grid failure. The compact nature of gasoline generators has assisted the acceptance in the residential sector, primarily as part of a modular uninterrupted power supply set up. Residential end users are dependent on continuous electricity.

The increasing dependence on electrical appliances is rising the demand for gasoline generators. In case of a rolling blackout, gasoline generators are the lifeline for an optimum functioning residential area. Further, for end users of renewable technologies such as solar panel based power, gasoline generators are a reliable back up power option. Gasoline generators also have some unique operational benefits compared to diesel fuel based generators.

The spare capacity of the U.K. national grid was ~15% in 2010, and this has dropped to ~4% recently. Therefore, the gasoline generator market can be considered a saving grace in this region.

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Commercial Sector to Remain Key Consumer of Gasoline Generators

A robust market trajectory is foreseen for the gasoline generator market. Commercial and residential sectors spearheading usage of portable generators are likely to remain prominent end users of gasoline generators.

• Gasoline generators that produce power output in the range of 3,000 watts to 5,000 watts are projected to register prominent growth in upcoming years. Gasoline generators that come under this category are utilized in several end-use sectors in case of power failures.
• Portable gasoline generators are most-widely utilized generator sets across the globe, which provide electricity by running a gasoline-powered engine. Portable generators are not permanently installed and can be moved from one place to another easily. Portable gasoline generators are available in various sizes depending on the power output.
• Gasoline generators are primarily utilized for standby backup power applications across several end-use sectors, such as residential, commercial, industrial, and agricultural, among others. The standby backup power application accounts for a major share in the gasoline generator market.

Gasoline Generator Market: Vendor Insights

The report titled gasoline generator market highlights some of the key market participants, who are well-known market players and have established themselves as prominent stakeholders in the global gasoline generator market. Some of the examples of key players in the global gasoline generator market are Kohler Co., Honda Motor Co., Ltd., Generac Power Systems, Inc., SGS Engineering (UK) Ltd., Hyundai Power Equipment, Stephill Generators Ltd., Yamaha Motor Co., Ltd., and Champion Power Equipment, Inc., among others.

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In terms of market structure and tier analysis, the global market for gasoline generators is mostly fragmented, with top 3 players holding 25%-30% share in the global market. This is mainly due to the large number of Chinese and other players involved in the manufacturing of gasoline generators. Significant players in the market are focusing on mergers and acquisition activities, along with new product launches to expand their global reach.

The global process automation and instrumentation market is expected to grow at a CAGR of 6.0% during the forecast period. The process automation and instrumentation market was valued at US$ 97,192 Mn in 2017, and is projected to grow significantly to reach US$ 174,121 Mn by 2027 end due to the increasing adoption of IoT platforms, digital transformation and development in the internet services.

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On the basis of solutions, the global process automation and instrumentation market is sub-segmented into PLC, SCADA, DCS, HMI, APC, MES, and safety automation. The PLC sub-segment is estimated to dominate the overall process automation and instrumentation market.

In this report, FMI has segmented the global process automation and instrumentation market on the basis of instrument type, solutions, application, and region. By instrument type, the process automation and instrumentation market is sub-segmented into transmitters, flow meters, analysers, controllers, switches, recorders, switches, and vacuum instruments. The increasing penetration of connected devices and rising the growth of industrial IoT, the transmitter sub-segment in the global process automation and instrumentation market accounted more than 28% share in 2017. In addition, due to the rising adaptation of digital technologies by various industry verticals, the vacuum instrument sub-segment is estimated to register a high CAGR of 6.1% during the forecast period in process automation and instrumentation market.

Regional Outlook:

Furthermore, on the basis of geography, North America is expected to dominate the global process automation and instrumentation market due to the advent of next-generation technological advancements in the U.S. and Canada. The process automation and instrumentation market has high potential in APEJ owing to major advancements in connecting technologies in India & China. China is now the most connected country in the world. In the recent years, the process automation and instrumentation market in APEJ has witnessed a significant growth. The Western Europe process automation and instrumentation market will be a target market for the participants because governments in the region are promoting and supporting the Industry 4.0 revolution in process automation and instrumentation market. Latin America is estimated to grow with a moderate CAGR over the forecast period in process automation and instrumentation market.

Compititive Analysis:

According to FMI’s analysis, long-term contracts with business partners are likely to increase the revenue and new innovation strategies are estimated to enable process automation and instrumentation vendors to reach new growth markets. Examples of some of the key players operating in the global process automation and instrumentation market include ABB Limited, Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG, Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., and Pepperl+Fuchs GmbH.

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By Segmentation:

By Instrument Type

• Transmitters
• Flow meters
• Analysers
• Controllers
• Switches
• Recorders
• Switches
• Vacuum instruments

By Solution

• PLC
• SCADA
• DCS
• HMI
• APC
• MES
• Safety Automation

By Application

• Chemical
• Metal & mining
• Food & beverage
• Oil & gas
• Pharmaceutical
• Pulp & paper
• Wastewater treatment
• Power
• Safety Automation

Key Regions covered:

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Western Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe
• SEA & Others of APAC
  • China
  • India
  • Australia & New Zealand
  • ASEAN
  • Rest of APAC
• Japan
• MEA
  • GCC Countries
  • Turkey
  • Rest of MEA

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Process automation involves using software, hardware, and computing technology to allow end-use industries such as cement, oil & gas, chemical, paper, and others to operate more safely and efficiently.

Miniaturization of integrated circuits and microchips, elevated wafer production, and consistent growth of the semiconductors industry are anticipated to propel the adoption of EUV lithography into chip manufacturing across the globe. EUV lithography market is estimated for a staggering CAGR of 22% during the forecast period of 2019-2029.

According to the latest research by Future Market Insights, the Hearing amplifiers market is set to witness steady growth during 2021-2031. The rising prevalence of hearing impairment disorder, coupled with the growing geriatric population prone to hearing loss is increasing the demand for hearing amplifiers. 

What Is Driving The Demand For The Hearing Amplifiers Market?

To meet the end-users demand for advanced, safe and cost-effective alternative to hearing aids devices continues to drive demand for hearing amplifiers in the market. Similarly, the increasing cost of hearing aids is creating huge opportunities for hearing amplifiers manufacturer to develop an advanced, cost-effective solution to solve the unmet demand of consumers.

Growing Geriatric Population Is Likely To Accelerate The Demand for Hearing Amplifiers.

The growing geriatric population is a significant driving factor for the growth of the hearing amplifiers’ market. The geriatric population are more prone to hearing loss when compared with children. As per the world health organization (WHO), currently, about 466 million people have hearing problems across the globe and the number is projected to reach 900 million by 2050.  Among these, only 34 million are children. This number indicates growing geriatric population creates huge opportunities in the hearing amplifiers market.

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The U.S. and Canada Hearing Amplifiers Market Outlook

The U.S. is one of the largest markets for hearing amplifiers globally. The U.S. Hearing amplifiers market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031.

Favorable healthcare policies, coupled with high per capita healthcare spending, has created a conducive environment for the adoption of hearing amplifier devices in the U.S. presence of leading players in the region is also expected to boost the market growth. Most of the key players are focusing on strategic acquisitions to strengthen their product portfolio.

For instance, in 2021, Amplifon S.p.A. acquired PJC Hearing, the hearing care business of PJC Investments LLC, which is the second-largest Miracle-Ear franchisee in the United States, which covers the major market in hearing care worldwide.

Europe Demand Outlook for Hearing Amplifiers Market

The rising prevalence of deafness, increasing awareness and the introduction of technologically advanced products are expected to contribute to the market growth of hearing amplifiers in Europe. Furthermore, favorable reimbursement policies accepted by each region of Europe is driving the growth of the market. Anteunis (1999) estimated that up to 52 million Europeans (20% of adults) and 36% of the older population suffer from some level of hearing handicap. According to the British MRC Institute of Hearing Research study, around 900 million people across the globe will suffer from hearing loss by 2025. Among this population, more than 90 million patients may be from Europe.

Who are the Key Manufacturers and Suppliers of Hearing amplifiers?

Some of the leading manufacturers and suppliers of hearing amplifiers include

• iHEAR Medical, Inc.
• Soundhawk
• FocusEar
• Resound
• Shenzhen LA Lighting Company Limited
• Foshan Vohom Technology Co. Ltd.
• MDHearingAid
• Beurer
• Etymotic Research
• IntriCon Corporation
• Britzgo
• Austar Hearing Science and Technology (Xiamen) Co., Ltd.
• Sound World Solutions
• Huizhou Jinghao Electronics Co. Ltd.
• Otofonix
• Banglijian
• Amplifon
• Ziphearing
• Others

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Hearing Amplifiers Market Report Highlights:

• Detailed overview of the parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments of Hearing Amplifiers Market 

By Product Type:

• On the ear
• In the ear
• In-the-canal
• Behind-the-ear (BTE)
• Mini BTE

By Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

By Region:

• North America
  • US
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Europe
  • The U.K.
  • Germany
  • France
  • Spain
  • Russia
  • Benelux
  • Rest of Latin America

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• East Asia
  • China
  • Japan
  • South Korea
• South Asia
  • India
  • ASEAN
  • Rest of South Asia
• Oceania
  • Australia
  • New Zealand
• The Middle East and Africa
  • GCC Countries
  • North Africa
  • South Africa
  • Turkey
  • Rest of the Middle East

According to the latest research by Future Market Insights, the research antibodies market will experience substantial growth during the forecast period 2021-2031. Demand for research antibodies will elevate in the course of the forecast period while experiencing steady growth. Increased demand for research antibodies in diagnostic purpose and determination of serious medical conditions represents lucrative growth for the research antibodies market. 

What is Driving Demand for Research Antibodies?

Research specific antibodies are something where protein is used externally to detect the unwanted molecule into the body. It is basically used to understand what is going wrong in a cell or body. It acts as a biomarker to detect life-threatening diseases.

Increasing prevalence of chronic diseases and outbreak of infectious disease is expected to drive the growth of research antibodies market across the globe. According to World Health Organization, in 2020, approximately 1.5. Mn individuals were severely affected by an infectious disease like the coronavirus who require medical attention. Moreover, an increasing number of chronic disease patient like cancer, immunological disorders, etc. will also lead to a rise in demand for the research antibodies market.

In addition, tremendous research in the field of chronic disease and its diagnosis mitigation and treatment. This will also lead to significant growth in the research antibodies market.

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Increasing Prevalence of Chronic Disease may Grow Research Antibodies Market 

Increasing prevalence of the chronic disease is expected to reflect positive growth for the Research Antibodies market. One such disease is cancer which results in severe life threatening condition. The increasing prevalence of cancer mainly is expected to increase the demand for Research Antibodies. According to National Cancer Institute, in 2018 an estimated 16,353,421 people living with cancer of any site in the U.S.

U.S. and Canada Research Antibodies Market Outlook

U.S. and Canada are among the largest market for research antibodies market making North America dominant. The U.S is growing due to high investments for the development of structure-based drug designs model, growing research in the fields of primary and secondary antibodies, and the focus of stakeholders on research projects involving proteins associated antibodies, research on biomolecules, and genes are the key driving factors of the market in U.S and Canada.

Europe Demand Outlook for Research Antibodies

Increasing usage of research antibodies for diagnostic and also in research work and clinical trials is expected to drive the growth of the research antibodies market in these regions. Additionally, the increasing research and development funding and increasing focus of the European governments on the healthcare system also represents steady growth for the research antibodies market.

Moreover, favourable reimbursement policies in many European countries will also boost further growth of the research antibodies market.

Who are the Key Manufacturers and Suppliers of Research Antibodies?

Some of the leading manufacturers operating in the research antibodies market include

• Thermo Fisher Scientific
• Merck Group
• Abcam plc
• Becton
• Dickinson and Company
• Bio-Rad Laboratories
• Cell Signaling Technology
• F. Hoffmann-La Roche
• Danaher Corporation
• Agilent Technologies
• PerkinElmer
• Lonza
• GenScript
• BioLegend
• Yashraj biotechnology Ltd.

Many leading manufacturers in the research antibodies market are focusing on getting FDA approvals for their products. For instance, In 2020, Thermo Fisher Scientific collaborated with Wuxi and Mayo Clinic To secure FDA authorization for testing COVID-19 with ELISA for detecting both IgM and IgG antibodies. In 2020, Merck partnered with Elypta to provide contract manufacturing services for Elypta’s clinical diagnostic liquid biopsy kits.

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The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Historical Actual Market Size, 2016 – 2020
• Market Size & Forecast 2021 to 2031
• Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Market Drivers and Restraints

Regional analysis includes:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa

Report Highlights:

• Shifting Industry dynamics
• In-depth market segmentation
• Historical, current and projected industry size recent industry trends
• Key Competition landscape
• Strategies for key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments of Research Antibodies Market 

By Product Type:

• Primary Antibodies
  • Cancer research
  • Stem cell research
  • Neurobiology research
  • Epigenetics research
  • Infectious disease research
  • Apoptosis research
• Secondary Antibodies
  • Western Blotting
  • Flow Cytometry
  • ELISA
  • Immunohistochemistry
  • Immunofluorescence
  • Immunoprecipitation
  • Others
• Immune Checkpoint Antibodies

By Antibodies Form:

• Monoclonal Antibodies
• Polyclonal Antibodies
• Others

By Source:

• Mice
• Rabbit
• Others

By Application:

• Drug Discovery & Development
• Basic Research
• Toxicity Screening
• Biopharmaceutical Production
• Drug Screening
• Tissue Engineering
• Forensic Testing

By End Users:

• Biopharmaceutical Companies
• Contract Research Organizations (CROs)
• Academic & Research Institutes
• Forensic Science Laboratories
• Diagnostic Centers
• Others

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By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

Increasing demand for electrical stimulation to treat urinary incontinence is expected to boost the global pelvic floor stimulator market. According to a report by Future Market Insights (FMI), the global pelvic floor stimulator market was valued at US$ 110.4 Mn in 2020 and is predicted to expand at a CAGR of over 8.8% during the forecast period (2021–2031).

Market players are inclining towards automation at diverse stages in the welding process. Technological advancements such as use of computer assisted welding techniques and welding robots are changing modern day welding landscape. These developments are expected to spur growth in the global market.

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Welding contributes to the accomplishment of various tasks across several key industries, including aircraft manufacturing, shipbuilding, defense, and construction. Welding plays a significant role in extending life and repair of manufactured products.

While there are several technological advancements that are improving the end product, the welding market along with other manufacturing facilities are anticipated to be benefited by the advent of the “Internet of Things”.  It has allowed a manufacturer to make its operational processes leaner and has helped in speeding up the existing processes to reduce waste.

FMI’s report on the market provides a comprehensive overview, addressing key market dynamics. Some of the takeaways from the report are as follows:

• The global welding consumable market is estimated to be valued at US$ 26.82 Bn towards 2030 end
• Europe spearheads the global market backed by rising demand from the energy sector
• East Asia has emerged as a highly attractive welding consumables market backed by rising investment in infrastructural development and presence of a strong industrial base in China, Japan, and South Korea
• Stick electrodes remain the frontrunner in the consumables category over the forecast period.
• Arc welding type will reflect lucrative growth prospects during 2020-2030.
• Construction end use segment is projected to hold maximum sway in the market.

“End users across industries are partnering with key companies to experiment and obtain product that best suits their requirements. Companies are focusing on improving product lines to cater different types of welding technologies and therefore different applications and end use industries.,” said a lead analyst at FMI.  

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Market Key Player:

Companies operating in the market are focusing on improving their technological strength to stay ahead of the competition in the market. Players are fortifying their market position in regional markets by partnering with end use sector to comprehend and offer what they necessitate. Efforts are made to improve production to cater domestic demand in addition to export products to enhance profitability and market share.

For instance, Voestalpine Böhler has acquired Selco s.r.l., a prominent welding machine producer in Italy. The company is aiming to become a full welding solutions provider in the welding sector and fortify its market position.  It will also offer a seamlessly coordinated combination of welding machines and welding consumables.

Major companies identified in the global market include Colfax Corporation, Voestalpine AG, Kobe Steel Limited,  Illinois Tool Works Inc, Linde Plc,  Taiyo Nippon Sanso Corporation, Air Liquide S.A., Air Products and Chemicals Inc., MESSER Group GmbH, Hyundai Welding Co Ltd., EWM AG, Ador Welding Limited, WB Alloy Welding Products Limited, FSH Welding Group, GCE Group and Industrial Welding Corporation.

To Know More About Welding Consumables Market:

A new market research report published by Future Market Insights (FMI) on the global Welding Consumables market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the welding consumables market through three different segments – product type, welding type, end use and region. The market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of welding consumables and product adoption across several end-use industries.

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By Segment:

Consumables

• Stick Electrodes
  • Mild steel
  • Stainless steel
  • Low Alloy
  • Nickel
  • Aluminium
  • Others
• Gases
• Strip Cladding Electrodes
• Submerged Arc wires and Fluxes
• Wires
  • Metal cored wires
  • MIG/MAG wires
  • Flux Cored wires
• Others

Welding Type

• Arc Welding
  • Sheild Metal Arc welding
  • Gas Metal Arc welding
  • Flux Cored Arc welding
  • Gas Tungsten Arc Welding
• Energy Beam welding
• Plasma Arc Welding
• Submerged Arc welding
• Electro Slag Welding
• Resistance welding
• Others

End Use

• Automotive
• Construction
• Oil and Gas
• Marine
• Power Generation
• Aerospace and Defence
• Industrial Fabrication
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• MEA