Brazing Torch Market Trends

  • Report ID: 5354
  • Published Date: Nov 01, 2023
  • Report Format: PDF, PPT

Brazing Torch Market Trends

  • Increase in electric vehicle adoption- Significant opportunities in the brazing torch market are being created by increasing adoption of electric vehicles. EVs require specialized parts that are required to be bonded via belting technology. And as demand for electric vehicles continues to grow, there is also a rising demand for Brazing Torches and associated equipment. Manufacturers can use this opportunity to develop special brazing torches and equipment for the electric vehicle sector which are in line with their particular needs.
  • Integration of Digitalization & Automation– Manufacturers in the market are integrating automation and digitalization. Manufacturers are incorporating advanced features such as temperature sensors, automatic shut-off systems, and digital displays into their brazing process more efficiently, resulting in improved consistency. Additionally, manufacturers are developing brazing torches that can be integrated into automated production lines, increasing productivity and reducing labour costs.
  • Equipment property- The ability to work with a variety of metals, including steel, brass, aluminium, stainless steel, and bronze, is one of the brazing torches' key advantages. The procedure is also fairly quick and effective. The strong connections that brazed joints have that are resistant to vibration and fatigue make them perfect for use in situations where strength is crucial. These unique qualities make the equipment well-liked by consumers, which raises consumer demand for it.
  • Adoption of Eco-friendly Brazing Torch Equipment- Manufacturers in the market are responding to the increased demand for eco-friendly products by creating machinery that uses less energy and generates fewer greenhouse gases. The demand for ecologically friendly and sustainably produced goods across all industries is what spurs the use of eco-friendly brazing torch equipment. To further reduce their carbon impact, manufacturers are looking into alternative fuels like hydrogen and biofuels to power brazing torches. The market for brazing torches will continue to be shaped by the trend toward environmental friendliness, which will encourage producers to create more environmentally friendly and energy-efficient goods.

Challenges

  • Characteristic Flaw- The brazing alloy does not wet a single joint surface, resulting in an unsatisfactory heat distribution and a badly fitting preform. In addition to this, it may lead to excessive local temperature tolerance and localized overheating with an excess freezing range alloy leading to shrinkage. Further, cracking in the body due to thermal stresses on cooling, and contamination of brazing alloy. Failure of the joint surface also resulted in the formation of cracked layers. The growth of the market is limited by these conformity consequences.
  • High initial setup costs associated with welding torches and equipment limit the adoption, especially among small-scale enterprises.
  • Compliance costs for manufacturers of welding torches are increasing as a result of stringent government regulations on worker safety and emissions control.

Brazing Torch Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 6%

Base Year Market Size (2023)

 ~ USD 350 Million

Forecast Year Market Size (2036)

 ~ USD 704 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Author Credits:  Richa Gupta


  • Report ID: 5354
  • Published Date: Nov 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing investments in infrastructure, rising adoption in digitalization and automation, robust electric vehicle sector are some of the factors responsible for the market’s growth.

The market size of brazing torch is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Illinois Tool Works Inc., ESAB SKS Welding Systems GmbH, EWM GmbH, Parweld LTD, Miller Electric Mfg. Co., Fronius International GmbH, ABICOR BINZEL USA, Inc., TBi Industries GmbH, DINSE Inc and others.

The MIG segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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