Plasma cutting system market is anticipated to grow at a CAGR of 5.5% during the forecast period. The growing application of plasma cutting machines in end-user industries is a key factor driving the growth of the global plasma cutting system market. Advancements in the plasma cutting technology has forced metal fabricators to rethink its usage. High-definition plasma cutting provides a squarer edge-cut than previous generations of the technology. On 0.25-in. mild steel, plasma torches can reach cutting speeds of more than 100 IPM. Plasma systems also can deliver bolt-ready holes that minimize secondary machining activities once the plate parts leave the table. Continuous invest in R&D further contributing to the market development.
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The global plasma cutting system market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). North America is anticipated to exhibit considerable growth in the global plasma cutting system market. Huge investment by key market players in plasma cutting technologies is a key factor driving the growth of the global plasma cutting system market. For instance, in November 2020, Halter Marine unveiled the PythonX, a plasma cutter machine. The PythonX is poised to replace the traditional hand-cut method of cutting steel. Now, those parts will be cut via computerized numeric control; the CNC process is driven by 3D production design models. Bringing in high-tech tools such as these ensures that Halter Marine will be ready when construction on the PSC begins next year.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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
Global Plasma Cutting System Market by Type
- Portable
- Stationary
Global Plasma Cutting System Market by End-User Industry
- Aerospace & Defense
- Industrial Construction
- Electrical Equipment
- Automotive
- Other
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AJAN ELEKTRONIK
- Automated Cutting Machinery Inc.
- C and G Systems Corp.
- ERMAKSAN MAKINA SANAYI VE TICARET AS
- ESAB Corp.
- Hornet Cutting Systems
- Hypertherm Inc.
- Illinois Tool Works Inc.
- Jorgenson Machine Tools Inc.
- Kjellberg Holding GmbH
- Koike Aronson Inc.
- Komatsu Ltd.
- Kongsberg PCS
- Messer Cutting Systems Inc.
- NISSAN TANAKA Corp.
- SICK AG
- Spiro International SA
- The Lincoln Electric Co.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global plasma cutting system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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