A boom in manufacturing industry will nourish the growth of welding segment
By Edit Team | October 31, 2019 11:17 am SHARE
Welding being the backbone of manufacturing industry, a growth in this segment will be reflected in welding industry also.
The global welding products market size was estimated at USD 13.27 billion in 2018, projected to expand at a CAGR of 5.7 per cent from 2019 to 2025, keeping this in mind what is your strategy to expand business for your existing product range?
Kemppi has pioneered many marvels in welding industry, we focus on developing welding machines from the insights of welders around the globe. Kemppi India started its operation in the year of 2011 with our head office and solution centre in Chennai, Tamil Nadu. Kemppi opened the second solution centre in Pune in 2017. This year, two more centres would be opened in Delhi and Kolkata. Kemppi India is in the path of growth and we are expanding our presence throughout India. Industry 4.0, Internet of Things (IoT) robotic welding, virtual reality and machine intelligence, are the new dimensions of welding and these are the main areas of R and D for Kemppi. Kemppi has pioneered many marvels in welding industry, we focus on developing welding machines from the insights of welders around the globe.
In the view of the current economic slowdown, what is your expectation from the Indian market? What is your expectation from the government to capitalise the present market?
India is going through a major economic crisis; the economic growth rate is at 5 , which is the slowest in over six years. A curtailed pace in the growth is reflected in every arena including various business dimensions. For an enhancement in economy a temporary booster from the government is expected. A support if offered to real estate, construction and MSME sectors will definitely ensure the employment opportunities to a large group of people. Government backup is what we ought to depend on in order to expand the market conditions, to increase the economy. Some of the industries are facing a structural slow down, and this situation can only be tackled by implementing long-term and short-term economy policies. Upskilling should be done to make employees Industry 4.0 ready.
In view of industrial innovation across different sectors as also the market demands too what are the trending technologies and products in vogue when it comes to welding?
Industry 4.0, Internet of Things (IoT) robotic welding, virtual reality and machine intelligence, are the new dimensions of welding and these are the main areas of R&D for Kemppi. Additive Manufacturing is another expanding domain in welding and Kemppi is industry ready for this. Our machines are the best in industry, and we have tie up with many industries and educational institutes for research and development in this field. Welding Management Software- WeldEye, is a universal solution for welding management and planning, Kemppi provides a holistic solution where core teams in an organization come together to plan, execute and monitor their production. WedEye helps you to manage your welding process and monitor the weld parameters. Kemppi’s new double pulse TIG welding process combines the properties and benefits of two distinct DC pulse methods. We are treading on our journey of innovation with a never- ending list of products.
The Indian government has an ambitious goal of becoming a $5 trillion economy by 2024, how feasible is it and what role will the welding segment play in this entire gambit?
As you said the global welding market is growing and is projected to expand at a CAGR of 5.7 per cent from 2019 to 2025. This growth pattern is reflected in Indian economy also. Technological growth is reflected in almost all the fields. And yes, being the backbone of manufacturing industry, welding is also along the path of development. The union budget 2019 emphasizes on the growth of manufacturing and automobile industry, Rs 10000 crore has been allocated for FAME II scheme (Faster Adoption and Manufacturing of Electric vehicles). These conditions are encouraging the growth of welding sector. A boom in manufacturing industry will nourish the growth of welding segment. Welding being the backbone of manufacturing industry, a growth in this segment will be reflected in welding industry also.
Rashmi Ranjan Mohapatra, Managing Director, Kemppi India
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