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SAN FRANCISCO , June 29, 2022 /PRNewswire/ -- The global welding products market size is expected to reach USD 19.94 billion by 2030 with CAGR of 4.4% from 2022 to 2030, as per a new report by Grand View Research Inc. Rapid industrialization and growing investments in infrastructural developments in major economies such as the U.S., UK, China , India , and Brazil have propelled the market growth.
Key Industry Insights & Findings from the report:
Read 198-page market research report for more Insights, "Welding Products Market Size, Share & Trends Analysis Report By Technology, By Product (Stick Electrodes, Solid Wires, Flux-cored Wires, Saw Wires, and Fluxes, Others), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Welding Products Market Growth & Trends
Oxy-fuel welding technology is gaining significant growth on account of its growing use in industrial manufacturing applications. The welding equipment and products used in this technology are highly cost-efficient which promotes its implementation in welding fillet, butt, and lap joints with the object thickness of up to 5mm.
The market is fragmented in nature with the presence of a number of global and regional players. Several manufacturers in the market have integrated themselves across the value chain on account of increasing opportunities and moderate growth rates. This helps the market players grab a higher market share.
Grand View Research has segmented the global welding products market based on technology, product, and region:
Welding Products Market - Technology Outlook (Revenue, USD Million, 2017 - 2030)
Welding Products Market - Product Outlook (Revenue, USD Million, 2017 - 2030)
Welding Products Market - Regional Outlook (Revenue, USD Billion, 2017 - 2030)
List of Key Players in Welding Products Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc.
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