Orbital Welding Machine Market Is Estimated To Grow At A CAGR Of 12.80% Within The Forecast Period Of 2023-2030: Cognitive Market Research Themarketpublicist

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Orbital Welding Machine Market Size, Share & Trends Analysis Report By Equipment Type (Oxy-fuel Welding, Arc Welding, Resistance Welding, Laser Beam Welding and Others), by Application (Tube to Tube Welding and Tube to Tube Sheet Welding), and by Industry (Oil & Gas, Food & Beverages, Energy, IT & Telecommunication, Aerospace & Defense, Electronics & Consumer Goods, Chemicals, Automotive, Brewery & Winery Industry, Pharmaceutical, Semiconductor and Others), By Region, And Segment Forecasts, 2023 – 2030

Market Overview

The increasing demand for high-quality welds in various industries, growth in industrial automation, regulatory requirements in industries, growing expansion in the oil & gas industry, increasing adoption in the semiconductor industry, booming construction sector, rise in aerospace and defense sector, continuous technological advancements, rising focus on infrastructural development, increasing use in pharmaceutical and biotechnology industries, reduction in labor costs, and rising global focus on renewable energy.

• For instance, in March 2020, the Chinese government released investment plans and“major infrastructure” projects wherein around USD 4.8 trillion would be invested to overcome the potential pressure of the COVID-19 outbreak and boost the dipping real estate business.

How COVID–19 Impacted the Orbital Welding Machine Market?

The reduced industrial activities, lockdowns and supply variations caused many problems during the pandemic market growth. However, as industries adapted to the new normal with stringent hygiene and safety measures, demand for orbital welding machines rebounded. Additionally, the growing emphasis on automation and remote operations in response to the pandemic further boosted the market, as orbital welding machines are known for their accuracy and reliability. Overall, the market displayed resilience, and its recovery continues as industries prioritize efficiency and quality in their welding processes.

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MARKET DYNAMICS: KEY DRIVERS

Improvements in Industrial Infrastructure to Provide Viable Market Output

A significant market driver for Orbital Welding Machine has been improvements in industrial infrastructure. These advancements stem from the integration of cutting-edge technologies, such as automation and robotics, which enhance the precision and efficiency of welding processes. As industries increasingly demand high-quality, durable, and leak-free welds in applications like aerospace, automotive, pharmaceuticals, and semiconductor manufacturing, orbital welding machines are becoming indispensable.

• For instance, in February 2020, Oman's Ministry of Transport and Communication launched the National Aviation Strategy 2030 to strengthen its growing aviation industry. Such initiatives are expected to boost the demand for welding equipment used in the development of industrial infrastructure.

Furthermore, as industries expand and diversify, the need for versatile orbital welding solutions that can handle various materials and complex geometries is pushing the market forward. In essence, the industrial sector's relentless pursuit of excellence is fostering innovation and driving the growth of the orbital welding machine market.

Continuous Developments to Propel Market Growth

The market for Orbital Welding Machine has undergone a revolution because of continuous developments. Manufacturers are constantly innovating to enhance the performance and efficiency of these machines. They are incorporating advanced features such as real-time monitoring, precise control systems, and automated welding processes. These developments not only improve the quality of welds but also reduce the need for human intervention, leading to higher productivity and cost savings.

• For instance, in April 2021, the Lincoln Electric Company acquired Zeman Bauelemente Produktionsgesellschaft m.b. H. This acquisition will increase the former's global annual automation sales by 10%.

Additionally, the demand for orbital welding machines is rising in industries like aerospace, automotive, and energy, where the need for high-quality, consistent welds is critical. As a result, the market is experiencing sustained growth due to the ongoing advancements in orbital welding technology.

MARKET DYNAMICS: KEY RESTRAINTS

High Initial Investment to Hinder Market Growth

The constraints of high initial investment constrain the Orbital Welding Machine market. The cost of acquiring and setting up this machinery can be substantial, deterring small and medium-sized enterprises with limited budgets from investing in orbital welding technology. Additionally, the need for skilled operators to effectively use these machines is another significant challenge. Proper training and expertise are essential for ensuring the quality and integrity of welds, which can further add to the overall cost and resource requirements for businesses looking to adopt orbital welding technology. These factors collectively contribute to a potential barrier to widespread adoption within the market.

How are Segments Performing in the Global Orbital Welding Machine Market?

Equipment Type Segment Analysis

According to Cognitive Market Research, oxy-fuel welding is utilized most frequently in the market for Orbital Welding Machine. It uses a combination of oxygen and a fuel gas (usually acetylene) to create a high-temperature flame. This technique is widely used in industries such as shipbuilding, automotive, and construction. Its simplicity and affordability make it a preferred choice for certain applications, although it could be more precise compared to modern welding methods.

Arc welding is the second-most popular equipment type. It encompasses various sub-methods. It is a versatile and widely adopted welding technique across industries, especially in manufacturing, construction, and aerospace. The ability to weld different materials and its adaptability to various working conditions contribute to its popularity.

Application Segment Analysis

The tube-to-tube welding is the Orbital Welding Machine market's most popular offering. It involves joining two or more cylindrical tubes together through welding. It is commonly used in industries such as pharmaceuticals, semiconductor manufacturing, food and beverage, aerospace, and petrochemicals. It is used to create hygienic and contamination-free connections, connect high-purity gas and liquid delivery systems, meet strict hygiene standards to prevent contamination, join components in aircraft engines and produce leak-free welds.

According to Cognitive Market Research, tube-to-tube sheet welding is the second-most popular application. It is primarily used in heat exchangers, boilers, and similar equipment where tubes need to be securely attached to a tube sheet. It ensures efficient heat transfer and prevents leaks, safe and efficient operation, and maintains the integrity of these systems.

Industry Segment Analysis

According to Cognitive Market Research, the oil & gas industry is the most significant consumer in the Orbital Welding Machine market. These machines play a crucial role in the fabrication and maintenance of pipelines, drilling rigs, and offshore platforms. Orbital welding ensures high-quality and leak-free connections in critical applications, reducing the risk of environmental hazards and costly downtime.

The food & beverage industry is the second most popular industry in the Orbital Welding Machine market. The machines are used for sanitary welding of stainless steel piping and equipment. It is essential to maintain the hygiene and safety standards required for food processing. These machines provide precision welding, reducing contamination risks and ensuring compliance with regulatory requirements.

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Which Region is Dominating the Market in 2023, and Which Part is Expanding at the Fastest CAGR?

According to Cognitive Market Research, Asia-Pacific dominated the market in 2023 and accounted for a share of more than 36.1% of the global revenue due to burgeoning manufacturing and construction sectors. The Asia-Pacific region dominates the market for Orbital Welding Machines. Additionally, the aerospace and automotive industries in this region are growing, further boosting the need for precise and efficient orbital welding technology. Moreover, the energy sector, including oil and gas, is expanding, creating opportunities for orbital welding applications in pipeline construction and maintenance. According to Cognitive Market Research, due to the heightened need for high-precision welding solutions and the expansion of key industries such as automotive, aerospace, and electronics, China is anticipated to hold a strong position in the Asia-Pacific area. Additionally, the government's focus on infrastructure development further fuels the demand for these machines in construction and pipeline projects. With the increasing emphasis on quality and efficiency, Chinese industries are increasingly turning to orbital welding technology.

The region's increasing demand for high-quality, precision welding in industries such as aerospace and oil & gas. Moreover, stringent quality standards and the need for weld consistency have prompted manufacturers to adopt orbital welding solutions. North America also benefits from a strong manufacturing sector and a growing emphasis on automation, further fueling the adoption of orbital welding machines. With a mature industrial landscape and a focus on efficiency, the North American orbital welding machine market is expected to maintain steady growth, offering significant opportunities for industry players.

COMPETITIVE LANDSCAPE: ORBITAL WELDING MACHINE MARKET

The market for Orbital Welding Machine has a very differing competitive environment. The companies emphasize technological advancements, precision, and automation to gain a competitive edge. Overall, the market's competitive landscape is characterized by a drive for advanced solutions and a global presence, with customer-centric approaches shaping the industry's dynamics.

• October 2022: Coherent Corp launched its new HIGHvision, a machine system for laser welding heads that greatly improves the efficiency of electric vehicle (EV) batteries and motors.
• February 2023: TriMas agreed to acquire the net operating assets of Weldmac Manufacturing, a manufacturer of metal fabricated assemblies and components for aerospace and defense.

Some Prominent Players in the Global Orbital Welding Machine market include :

• Magnatech
• Axxair
• Orbitalum Tools
• ARC MACHINES
• Incln Electric
• Orbimax, Swagelok Company
• Liburdi
• Gullco Internationals
• STALIN
• Orbitalservice
• Industrial Automation & Intelligence Solutions
• Shanghai Grandfly Industrial

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Market Summary :

• The global orbital welding machine market will expand at a significant rate of 12.80% CAGR between 2023 and 2030.
• The demand for orbital welding machines is rising due to the booming construction sector.
• Demand for oxy-fuel welding remains higher in the orbital welding machine market.
• The tube-to-tube welding category held the highest orbital welding machine market revenue share in 2023.
• Asia-Pacific will continue to lead, whereas the North American orbital welding machine market will experience the strongest growth until 2030.

SEGMENTATION: Orbital Welding Machine Market

Equipment Type Outlook :

• Oxy-fuel Welding
• Arc Welding
• Resistance Welding
• Laser Beam Welding
• Others

Application Outlook :

• Tube Welding
• Tube Sheet Welding

Industry Outlook :

• Oil & Gas
• Food & Beverages
• Energy
• IT & Telecommunication
• Aerospace & Defense
• Electronics & Consumer Goods
• Chemicals
• Automotive
• Brewery and winery Industry
• Pharmaceutical
• Semiconductor
• Others

Regional Outlook :

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Frequently asked questions about the global Orbital Welding Machine market

• What is the market size for the Orbital Welding Machine market in 2023?

Answer- The global market size for the Orbital Welding Machine market in 2023 was 1.8 USD billion.

• What is the growth rate for the Orbital Welding Machine market during the forecast period?

Answer- The global market is expected to grow with a CAGR of 12.80% during the forecast period.

• Which is the leading region of the market for Orbital Welding Machines?

Answer- Asia-Pacific had the largest global Orbital Welding Machine market revenue share in 2023.

• Which region is expected to witness the fastest growth in the coming years?

Answer- North America will witness the fastest growth in the global Orbital Welding Machine market over the coming years.

• Which is the leading country in the Orbital Welding Machine market in 2023?

Answer- China had the largest global Orbital Welding Machine market revenue share in 2023.

• What are the key drivers for the growth of the Orbital Welding Machine market?

Answer- The main drivers of the growth of the Orbital Welding Machine market are regulatory requirements in industries, growing expansion in the oil & gas industry, increasing adoption in the semiconductor industry, and booming construction sector.

• Which is the major segment in the Orbital Welding Machine market by application?

Answer- The tube-to-tube welding segment had the largest share in the global market by application.

• Which is the major segment in the Orbital Welding Machine market by industry?

Answer- In 2023, the oil & gas segment had a major revenue share in the global market in terms of industry.

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