The global Plasma Cutting Torches market was valued at US$ 193.8 million in 2019 and it is expected to reach US$ 264.9 million by the end of 2026, growing at a CAGR of 4.7% during 2021-2026.
Plasma cutting torches usually use a copper nozzle to constrict the gas stream with the arc flowing through it. That arc jumps from an electrode in the torch to something else – usually the conductive material being cut. That’s a ‘transferred arc’. There are some systems that use a ‘non-transferred’ arc where it jumps from the electrode back to the nozzle, but those are not usually used for cutting. So that means that plasma cutting is only used for materials that are conductive, primarily mild steel, stainless steel, and aluminum. But lots of other metals and alloys are conductive too, such as copper, brass, titanium, monel, inconel, cast iron, etc. The problem is that the melting temperature of some of those metals makes them difficult to cut with a good quality edge.
According to the Segmentation of types, all the market of Plasma Cutting Torches can be divided as follows: The first main kind is Low Frequency it hold a comparatively larger share in global market, which accounts for about 64% in 2019.Another main kind is High Frequency, High Frequency share the rest about 36% market share in 2019.
From the view of region, North America have a larger market share in 2019 which account for nearly 32%. Europe and Asia-Pacific hold a market share of about 28% and about 31%.
The world leading players in the Plasma Cutting Torches market are Colfax Corporation(ESAB), Abicor Binzel, Lincoln Electric, IKA, Hypertherm, Inc., ITW(Miller) and so on. These Top 5 companies currently account for more than 49% of the total market share.
Global Plasma Cutting Torches Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Plasma Cutting Torches Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Colfax Corporation, Abicor Binzel, Lincoln Electric, Hypertherm, Inc., ITW(Miller), Voestalpine Böhler Welding, Trafimet Group, EWM, Sumig, Migatronic, Parker Torchology, Tecmo, Shanghai Innotec, OTC DAIHEN, Changzhou Huarui, Jinan North Welding, Autogen-Ritter, Translas, Changzhou Long Welding, Termmei Torch & Tip, Specialised Welding Products (SWP), Black Wolf (Changzhou Golden Glob Jiangyin Xinlian Welding Equipment and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- High Frequency Cutting Torches
- Low Frequency Cutting Torches
Segment by Application
- Metal Fabrication
Table of Content:
1 Plasma Cutting Torches Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Plasma Cutting Torches Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Plasma Cutting Torches Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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