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Frost & Sullivan's On-Demand Analyst Briefing: Does Submerged Arc Welding Address Today's Challenges in Welding?

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Frost & Sullivan's On-Demand Analyst Briefing: Does Submerged Arc Welding Address Today's Challenges in Welding? PR Newswire LONDON, June 1, 2012 - What does the future hold for the global submerged arc welding market in the current economic scenario? LONDON, June 1, 2012 /PRNewswire/ -- The world is changing toward a market for productivity benefits highly dependent on technology, which will drive automation in the future. This invariably leads to a large demand for submerged arc welding (SAW) equipment and consumables. The need for automation is materializing the demand for customized welding solutions that have brought about the emergence of innovative technologies, which is expected to be the primary growth driving factor in the future. Regional customization of products according to price and application suitability also helps broaden its scope of application and demand. Standard automation SAW equipment had a higher market share in 2011. However, the demand for engineered automation SAW equipment is expected to increase in the future. Though the shift toward alloyed SAW consumables is expected to be slow, increasing awareness and training programs, acceptance among global manufacturers and usage in the energy, defense and construction industries are expected to drive its demand in the long term. Budget cuts on welding are however expected to limit the growth of the global SAW market, pushing its pre-recession level rebounds till the end of 2016.
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Frost & Sullivan's On-Demand Analyst Briefing:
Does Submerged Arc Welding Address Today's
Challenges in Welding?
PR Newswire
LONDON, June 1, 2012
- What does the future hold for the global submerged arc welding
market in the current economic scenario?
LONDON
,
June 1, 2012
/PRNewswire/ -- The world is changing toward a market
for productivity benefits highly dependent on technology, which will drive
automation in the future. This invariably leads to a large demand for
submerged arc welding (SAW) equipment and consumables.
The need for automation is materializing the demand for customized welding
solutions that have brought about the emergence of innovative technologies,
which is expected to be the primary growth driving factor in the future.
Regional customization of products according to price and application suitability
also helps broaden its scope of application and demand.
Standard automation SAW equipment had a higher market share in 2011.
However, the demand for engineered automation SAW equipment is expected
to increase in the future. Though the shift toward alloyed SAW consumables is
expected to be slow, increasing awareness and training programs, acceptance
among global manufacturers and usage in the energy, defense and
construction industries are expected to drive its demand in the long term.
Budget cuts on welding are however expected to limit the growth of the global
SAW market, pushing its pre-recession level rebounds till the end of 2016.
Highlights of the briefing included the analysis of drivers and restraints,
technology trends and regional trends across the global submerged arc welding
equipment and consumables market across seven major end-user segments.
This briefing benefited submerged arc welding equipment and consumables
manufacturers, integrators and distributors by discussing emerging trends and
provides a holistic view on the global submerged arc welding market across
different end-user industries.
Supporting quote
"Innovation, Ergonomics, Education, Productivity and Trust are the expected to
be the five keys to success in the global submerged arc welding equipment and
consumables market," observes Ruth Sudhakar, Research Analyst, Industrial
Automation and Process Control, Frost & Sullivan. These factors fuel the
rebound of the market to pre-recession levels by the end of 2016. "The advent
of innovation and training on submerged arc welding makes the future of
welding, safe and secure," concludes Sudhakar.
Supporting Resources
For more information on Frost & Sullivan's Industrial Automation and Process
Control practice, please visit: http://www.frost.com/prod/servlet/svcg.pag/IP00
Recordings
To receive a recorded version of the briefing, please send an email to
anna.zanchi@frost.com, or click on the following link: