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Dublin, October 20, 2021/PRNewswire/-"The global laser cladding market affected by COVID-19 by type (fiber laser, diode laser, YAG laser, CO2 laser), revenue, end industry (oil and gas) , Aerospace and Defense, Automotive, Power Generation, Mining) and Regional-Forecast to 2026" report has been added to ResearchAndMarkets.com's products.

The laser cladding market is expected to be worth US$483 million in 2021; it is expected to grow at a compound annual growth rate of 9.6% during 2021-2026 and reach US$823 million by 2026.

Over the years, new and more advanced variants of laser cladding technology have emerged, especially for ultra-high-speed laser applications (EHLA). EHLA is a new technology derived from laser cladding (also known as laser metal deposition (LMD) or directed energy deposition-laser beam (DED-LB)).

Fraunhofer ILT has developed EHLA as an advanced form of laser cladding, an alternative to chrome plating and an alternative to spray technology. EHLA coating can be applied to small and large parts at a speed 10-100 times faster than laser cladding.

Laser cladding is considered to be one of the more complex industrial laser applications and requires special skills. The number of people who master these skills is limited worldwide, and the number of suppliers that provide laser cladding equipment is also limited.

In the automotive industry, the valves of non-commercial vehicles are subject to 30 to 500 million thermal and mechanical cycles during the entire life cycle of the car, while the exhaust valves are affected by hot air currents that may contain soot particles and corrosive gases. Element. In the early days of laser technology, many research institutions showed pictures of laser cladding valves in their publications and literature.

However, not many of them were put into production or commercialization. The main reason for the lack of market penetration is the availability of inexpensive equipment that uses plasma transfer arc (PTA) welding to coat valves, which produces low-dilution deposits. However, in the long run, laser cladding will prove to be more economical and more successful than traditional laser technologies such as cutting and welding.

Fiber laser: The fastest laser cladding market type.

A fiber laser is a solid-state laser whose active medium is the core of rare earth metals (Er, Yb, and others) and doped fibers (usually single-mode silica fibers). This doped fiber has a cavity mirror or fiber Bragg grating at each end, which can be manufactured in the fiber. The central core of the optical fiber is responsible for emitting laser light, and its structure ranges from simple to quite complex.

Therefore, the fiber laser can be compact and robust. The fiber laser has a large surface area to volume ratio, and heat dissipation is relatively easy. This laser is smaller and lighter than traditional lasers, which helps to save space. In addition, precise alignment of the mirror is not required, which allows it to operate in different working environments and is easy to transport

System revenue: The largest revenue in the laser cladding market.

During the forecast period, the system revenue department may continue to occupy a larger market share. The leading position in this market segment can be attributed to the ability of these systems to perform a wide range of functions, thereby expanding their usefulness in multiple end-use industries such as oil and gas, mining, automotive, and aviation

Oil and gas: the terminal industry with the largest growth in the laser cladding market

In the oil and gas industry, laser cladding is a technology widely used in exploration, drilling, corrosion resistance, and various surface hardening applications. It is commonly used in oil refineries, downhole stabilizers, valve balls/seats, sand valves and hydraulic rods.

Asia Pacific: The fastest growing region in the global laser cladding market.

Compared with other regions, the Asia-Pacific region has always been a leader in adopting laser cladding solutions. The main countries that contribute to the laser cladding market in the Asia-Pacific region are China, Japan, India, South Korea and other regions in the Asia-Pacific region.

Increasing R&D investment in the region and the growing oil and gas, automotive, aerospace and defense manufacturing, mining and electronics industries are expected to drive the growth of the laser cladding market in the region. The continued demand for cost-effective, reliable and fast-response laser cladding solutions in the above-mentioned terminal industries is also expected to drive the growth of the laser cladding market in this region.

For more information about this report, please visit https://www.researchandmarkets.com/r/xbc1r2

Research and Marketing Laura Wood, Senior Manager [email protected] EST office hours dial 1-917-300-0470 US/Canada toll free 1-800-526-8630 GMT office hours dial 353-1 416-8900 US fax : 646-607-1907 Fax (outside the United States): 353-1-481-1716

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