North America electron-beam welding (EBW) machine market is estimated to grow at a CAGR of nearly 7.3% during the forecast period. Major factors that augment the growth of the market include well-developed energy and power sector, increasing natural gas production, and growing adoption of EBW machines in the automotive and aerospace industries. Emerging applications in renewable energy sources are further driving the market growth. The US wind industry recorded the third strongest year in 2019 as project developers added 9,137 MW of wind power capacity to the grid. There are now around 60,000 wind turbines with a combined capacity of 105,591 MW operating across 41 states.
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North America EBW market is segmented on the basis of component and end-user. Based on the component, the market is segmented into the electron gun, working chamber, workpiece manipulator, and others including power supply & control equipment. Electron guns held the largest share in 2018. The electron gun is the major component of electron beam welding machines. It is expected to hold a major market share during the forecast period. Based on end-user, the market is segmented into automotive, aerospace & defense, marine, construction, industrial fabrication, and others including electronics and medical. Aerospace & defense held the largest share in 2018.
Further, the report covers the analysis of various players operating in the market. Some of the major players covered in the report include General Electric Co., PTR-Precision Technologies, Inc., Sciaky, Inc., and Gullco International Ltd. The market players are adopting several strategies such as mergers and acquisitions, product launches, and partnerships and collaborations, to gain a competitive advantage.
For instance, in July 2019, Dynetics Technical Solutions (DTS) signed an agreement with Pro-Beam, a provider of the electron beam and laser technology sector, for acquiring the largest electron beam welding system. The 22 feet long, 22 feet wide and 22 feet high system will be capable of supporting government and commercial programs at both the unclassified and classified levels. With this acquisition, Dynetics Technical Solutions would add the largest electron beam welding system in North America to its Alabama facility.
North America EBW Machine Market Segmentation
By Component
- Electron Gun
- Working Chamber
- Workpiece Manipulator
- Others
By End-User
- Automotive
- Aerospace & Defense
- Marine
- Construction
- Industrial Fabrication
- Others
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North America EBW Machine Market Regional Analysis
- United States
- Canada
