North America micro welding market is estimated to grow at a significant CAGR during the forecast period. A significant rise in the aerospace industry is contributing to the demand for micro welding in the region. The US aerospace manufacturers are highly competitive across the globe. As per the International Trade Administration (ITA), in 2018, the aerospace industry accounted for $151 billion in export sales to the US economy. In 2018, the foreign direct investment (FDI) into the US aerospace industry amounted to nearly $22 billion. This, in turn, is leading to increasing demand for micro welding machines in the region. Gas tungsten arc welding (GTA), also known as Tungsten inert gas (TIG) welding, is normally utilized in aircraft applications.
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North America micro welding market is segmented on the basis of type and application. Based on the type, the market is segmented into micro resistance welding, micro pulse arc welding, and others. Further, on the basis of application, the market is segmented into electrical & electronics, medical, automotive, aerospace & defense, telecom, and others. The emergence of electronics has accelerated the need for the creation and repair of such products, which in turn, is leading the adoption of micro welding machines to achieve higher precision, durability, and flexibility. Further, geographically the report covers the analysis of the US and Canada. The US dominated the North America micro welding market in 2018.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
North America Micro Welding Market by Type
- Micro Resistance Welding
- Micro Pulse Arc Welding
- Others
North America Micro Welding Market by Application
- Electrical &Electronics
- Medical
- Automotive
- Aerospace &Defense
- Telecom
- Others
Regional Analysis
- United States
- Canada
Company Profiles
- ARCO Welding Supply Co.
- Canaweld Inc.
- Colfax Corp.
- Elderfield& Hall, Inc.
- Illinois Tool Works Inc.
- Lincoln Electric Co.
- Micro Arc Welding, Inc.
- Micro Products Co.
- Spot Weld Inc.
- Sunstone Engineering
- Swagelok Company
- W. Grainger, Inc.
- Whitfield Welding Inc.
The Report covers:
- Comprehensive research methodology of the North America micro welding market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North America micro welding market.
- Insights about market determinants which are stimulating the North America micro welding market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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