The global industrial lasers systems market was valued at USD 1,519.3 million in 2020 to USD 2741.86 million by 2027, at a CAGR of 8.8% from 2022-2028. Factors such as eco-friendly technology, rise in trend of green manufacturing, and increase in the concern of material processors regarding their product impact on the environment across various industrial sectors, and adoption in automobile and mobile electronics applications drive the market growth. However, laser hazards and reduction in cutting speed for thicker materials are expected to hamper the market growth. Furthermore, technological advancement with respect to fiber lasers is accepted to increase the scope of applications of lasers in various end-user industries.
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Key Market Players
Some of the major players analyzed in this report are Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF, and Toptica Photonics AG.
Market – Segmentation
By Type
- Macro-processing
- Micro-processing
By Power
- Less than 1 kW
- More than 1.1 kW
By Application
- Cutting
- Welding
- Non-metal processing
- Additive manufacturing
- Others
Scope of the Report
The research study analyses the Global Industrial Lasers Systems Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Deodorants Market Report
- What was the Industrial Lasers Systems Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Deodorants Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Industrial Lasers Systems Market was the market leader in 2021s?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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