MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Tools / Hardware
Written by / Agency / Source: Frost & Sullivan
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Welding Vendors Focusing on New Technologies and Energy Efficiency for Business Growth Finds Frost & Sullivan - Growth in the global welding equipment and consumables market is being driven by the introduction of new welding technologies, opportunities from developing regions where infrastructure building and automation are top priorities - Frost.com
Welding Vendors Focusing on New Technologies and Energy Efficiency for Business Growth Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Santa Clara, CA, United States, 2021/01/28 - Growth in the global welding equipment and consumables market is being driven by the introduction of new welding technologies, opportunities from developing regions where infrastructure building and automation are top priorities - Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tools / Hardware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The market is driven by developing regions where infrastructure building and automation is a priority.

Frost & Sullivan’s recent analysis, Newer Welding Techniques to Enable Growth in the Digital Age, reports that increasing competition in the global welding equipment and consumables market has led manufacturers to focus on energy efficiency, operational excellence and reducing maintenance costs. Amid the uncertain economic conditions caused by COVID-19, the industry is forecast to reach $21.74 billion by 2024, growing at a CAGR of 1.3%. Growth is driven by opportunities from developing regions where infrastructure building, the introduction of new welding technologies, and automation are top priorities.

“Several new developments in welding technologies and materials are emerging due to an increased focus on energy efficiency from vendors and end-users. Advancements such as the ability to monitor and regulate the weld temperature while in the process are generating highly efficient outputs and better quality. These innovations will reduce operational tasks, improve energy management and extend electrode life,” said Krishnan Ramanathan, Industry Manager, Industrial Technologies Practice, Frost & Sullivan.

Digital transformation is gaining traction in Australia and Singapore as their communications infrastructure is upgraded. This digitalization is expected to propel the welding market as other countries modernize. China, India, and Brazil are also vital for welding equipment and consumables suppliers as they have high energy and infrastructure requirements. However, the development rate is likely to be gradual as economies recover from the impact of COVID-19.

“IIoT is a major trend affecting equipment manufacturers as end-users continue to emphasize on improving their plant maintenance and curb operational expenditure (OPEX),” Ramanathan said. “With the global economy currently experiencing a dynamic environment, manufacturers are striving to improve operational efficiency in their existing plants and are keen to cut down the maintenance and operational costs due to unexpected failure and asset downtime. Realizing that the future of manufacturing is likely to be driven by IIoT, companies today are turning their focus toward data ownership, security, and integration with existing infrastructure, with an intent to achieve returns on their investment in these solutions.”

Welding equipment manufacturers should explore these strategic recommendations to increase growth opportunities:

• Collaborate with technology providers to enhance capabilities and meet varying end-user requirements. Leveraging state-of-the-art technologies and consumables will result in higher-quality welds and cost-savings for end users.

• Expand the business approach by offering the option to rent welding equipment to reduce capital expenditure.

• Continue working with traditional channel partners due to their wide reach while exploring alternative distribution and servicing options.

• Focus on the Middle East, Africa, India, and Southeast Asia regions as these will witness a surge in demand due to increased urbanization.

Newer Welding Techniques to Enable Growth in the Digital Age is part of Frost & Sullivan’s global Industrial Automation Growth Partnership Service program.

About Frost & Sullivan

For six decades, Frost & Sullivan (frost.com) has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Newer Welding Techniques to Enable Growth in the Digital Age / K50D-10

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tools / Hardware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Tools / Hardware articles,
CATCH Visitors via Your Competitors Announcements!


Welding Vendors Focusing on New Technologies and Energy Efficiency for Business Growth Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Priya George - Frost.com 
+91 98 40355432 / +91 44 66814414 priyag[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Tools / Hardware via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Tools / Hardware Most Recent Related Newswires:

SensoGuard Lauded by Frost & Sullivan for its Path-breaking, Underground, Seismic, and Sensor-based Protection Systems
Yokogawa Adds TDLS8200 Probe Type Tunable Diode Laser Spectrometer to its OpreX Analyzer Lineup
Leviton Enhances Decora Smart® Wi-Fi® Functionality with New 2nd Gen Devices and Anywhere Dimmer and Switch Companions
Energy-saving Goals to Inflate the Demand for IIoT-based Pump Solutions Says Frost & Sullivan
Heller Industries Wins Frost & Sullivan Acclaim for Dominating the Convection Reflow Soldering Market with High-efficiency MK7 Oven Series
Leviton Introduces New Decora® Motion Sensors
Tripp Lite Expands UK Distribution with Mayflex Partnership
Tripp Lite’s New UPS Systems Provide Battery Backup in Extraordinary Cold and Heat
Tripp Lite’s New KVMs Provide Convenient Access to DisplayPort-Enabled Computers
ABB Awarded Contract to Supply Complete Electrical and Automation System for China’s Northern Copper Industry
Leviton Launches New Business-to-Business Portal
Yaskawa Introduces New ArcWorld CS Robot Welding Cell
Atlas Copco Has Acquired A German Compressed Air Distributor and Service Provider
Atlas Copco Acquired Air Treatment and Nitrogen Generator Manufacturer
ABB ArcSave® Technology Set to Increase Efficiency for Major Chinese Steel Manufacturer

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)