NEW YORK, May 17, 2022 /PRNewswire/ — The U.S. engine-driven welder market was valued at $122.3 million in 2021 and is expected to reach $185.8 million by 2030, growing at a CAGR from 2021 to 2030 The rate was 4.8 percent, according to P&S Intelligence.Growing demand for engine-driven welders in plumbing applications and booming construction industry are some of the key drivers for the market.Engine powered welders use gasoline, diesel or propane fueled engines to power MIG, TIG, electrode and flux cored arc welding.
One of the key factors driving the U.S. engine driven welder market is the growing demand for dual operations of these equipment in the mining industry.They are necessary to repair miners and replace cracked or damaged parts.They are also essential for powering other equipment when mains power is not available.Mining companies choose these machines for primary and backup power and metal processing.
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The U.S. engine-driven welder market is highly concentrated among a number of key companies.To stay ahead of the competition, they focus on product launches.These companies are Miller Electric Mfg. LLC, Lincoln Electric Holdings Inc., Hobart Welding Products, Multiquip Inc., Denyo Co. Ltd., The ESAB Group Inc. and Tomahawk Power LLC.
Demand for 300–399A welders is expected to grow at a CAGR of 5%, with sales reaching around $38 million by 2030.Their widespread use in plumbing, repair, construction, fabrication, maintenance, and steel structure applications is driving their demand.Additionally, the agricultural industry has seen a surge in demand for these variants for equipment manufacturing and maintenance applications.
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Post time: Jun-16-2022