The global demand for TIG Welding Power Supply Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
TIG welding is a manual welding process that requires the welder to use two hands to weld. The main components of TIG welding are the power source, torch, backing system, and protective equipment. The power source for TIG welding can be either DC or AC. The process uses one hand for holding the TIG torch that produces the arc, and the other hand adds the filler metal to the weld joint. TIG welding is mostly used for critical weld joints, welding metals other than common steel, and where precise, small welds, and highest quality weld are needed.
Market Dynamics
TIG welding remained a prime choice due to the easier change of filler wire. Rapid industrialization and urbanization are influencing demand for TIG welding power supply. The rapid rise of the construction and infrastructure industry and increasing spending in the power industry steer market growth. Expanding the presence of provider companies is also projected to boost market growth. The increasing automation in welding operations to achieve higher productivity and reducing operational costs for end-users such as automotive, construction, aerospace and defense, and shipbuilding industries are expected to create new opportunities. However, shortage of skilled labor in the welding industry and alternative manufacturing.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of tig welding power supply. The growth and trends of tig welding power supply industry provide a holistic approach to this study.
Market Segmentation
This section of the tig welding power supply market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Single-Phase
- Three-Phase
- Other
By Application
- Automotive
- Shipbuilding
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the TIG Welding Power Supply market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global TIG Welding Power Supply Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the tig welding power supply market include Esab, Axxair, Orbitec GmbH, Cloos, Cebora, Arc Machines, Voestalpine Böhler Welding Selco, Kühtreiber, Heinz Soyer Bolzenschweißtechnik GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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