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Research analysis on the global welding transformer market identifies that the growth of the global construction sector will be one of the major factors that will have a positive impact on the growth of the market. Steel is considered as an important raw material in the construction industry as it is used in every constructed structure. Steel forms the basis of a reliable, durable, and safe structure. With the increasing advancements in new steel applications within the construction industry, the demand for welding equipment also rises. This will in turn, fuel the demand for welding transformers in the coming years. Technavio's industry research analysts predict that this market will grow at a CAGR of more than 4% by 2021.
The advent of new materials for welding purposes is one of the latest trends that will contribute to the growth of this market in the forthcoming years. The introduction and adoption of new materials for welding have driven the significant demand for new technologies. The use of these new materials helps in lowering the weight of the overall finished products, which in turn, is leading to low product and production costs. The introduction of these new materials has considerably improved the overall quality of the final product. However, there are also several challenges to the welding process. For instance, high-strength steel that is prominently used in thinner sections during a welding operation is more prone to cracks than mild steel. This increases the need for preheating the metal or incorporating new welding techniques.
The welding transformer market appears to be fragmented and consists of large international players and local vendors who hold considerable shares in the overall market. Vendors operating in the market experience most of the demand from the construction and automotive sectors.
The leading vendors in the market are -
The other prominent vendors in the market are Ador Welding, Amada Miyachi, Aotai Electric, Arc Machines, Automation International, Beijing Time Technologies, BLOCK, Hugong Welder, Kobe Steel, NIMAK, Panasonic Welding Systems, RoMan Manufacturing, Shenzhen Riland Industry, TECNA, Telwin, and Trafomec.
During 2016, the automotive sector accounted for the major shares of the welding transformer market. Factors such as the rising demand for lightweight vehicles and the utilization of robotics and automation for welding processes in their manufacturing facilities, will contribute to the growth of this industry segment in the coming years.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. The increasing use of welding equipment in the industries such as automotive, aerospace and defense, electrical equipment, construction, and industrial machinery will be one of the major factors driving the demand for welding transformers in this region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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