The manufacturing and fabrication industries are evolving constantly. This is resulting in the companies seeking out new technologies to stay ahead of competitors. Use of new materials in various industries is driving the need for welding automation. Companies are also moving towards acquiring new solutions to offer quality product and increase productivity. In response to this, welding equipment manufacturers are bringing in advanced technologies to help companies’ better serve their customers. Manufacturers are developing welding solutions that can serve both small scale and large scale companies. Modified short-circuit MIG is being integrated into welding machines, ensuring better control and to create high-quality and uniform welds.

New materials such as high strength steels, advanced high strength steels, and increased use of stainless steel and aluminum in fabrications are creating the demand for new welding technology as per the material being used. Hence, a welding system for specific materials is also being developed by manufacturers in the global welding equipment market. Rising trend towards automation is also resulting in the development automated welding equipment for wide range of application. Information management system for welding is also gaining popularity. This system collects and provides information arc-on time, and performance based on voltage and amperage. This help companies to collect data on the performance of welding in real-time and track both quality and productivity.

According to study analysis, the global welding equipment market expects the market to witness strong growth during the forecast period 2017-2024. The global market for welding equipment is estimated to reach close to US$ 19,200 Million revenue. Arc Welding Technology will lead the Global Welding Equipment Market.

Based on the welding technology, arc welding technology is expected to see a significant growth in the market. By the end of 2024, arc welding technology is projected to surpass US$ 8,500 Million in terms of revenue. Meanwhile, resistance welding is also projected to witness impressive growth during 2017-2024.

On the basis of a level of automation, compared to the manual welding equipment, automatic welding equipment is likely to register the highest growth during 2017-2024. Automatic welding equipment is expected to exceed US$ 13,000 Million revenue by 2024 end.