Free press releases distribution network?

More news: Tools/Hardware
Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Welding Equipment and Consumables for the Power Industry – Frost & Sullivan Predicts Global Market Growth - Surging conversions to renewable power sources propel the growth of welding equipment and consumables from the industry - IndustrialAutomation.Frost.com
Welding Equipment and Consumables for the Power Industry – Frost & Sullivan Predicts Global Market Growth

 

PRZOOM - /newswire/ - London, United Kingdom, 2012/08/14 - Surging conversions to renewable power sources propel the growth of welding equipment and consumables from the industry - IndustrialAutomation.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tools/Hardware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The welding equipment and consumables market in the global power industry witnessed a decline of 21.5% during the global financial crisis in 2009. However, the market has continued to grow since 2010 with the increasing number of investments into renewable power sources, which have fuelled the need for new projects.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Analysis of the Global Welding Equipment and Consumables Market for the Power Industry, finds that the market earned revenues of $445.5 million in 2011 and estimates this to reach $578.7 million in 2017, with a compound annual growth rate of 3.8%.

Asia Pacific is expected to have the largest growth prospective over the forecast period, owing to the vast number of ongoing and proposed projects in China and India. SAW equipment and SAW wires and fluxes are expected to have the largest demand - particularly in the wind sector - while the large numbers of thermal projects are expected to propel the growth of the GTAW and SMAW equipment, along with stick electrodes and solid wires.

"The market has continued to improve in 2010, particularly from the growing economies, - comments Ruth Shilpa Sudhakar, Research Analyst at Frost & Sullivan. - However, emerging economies like China and India witnessed the lowest adoption of advanced technologies such as SAW and GTAW. As the cost of SAW and GTAW is higher than the largely used SMAW in the region, this was a growth limiting factor and is expected to continue driving this trend over the forecast period."

In addition, Government investments in the power industries and foreign direct investments (FDI) in the wind and thermal sectors – particularly in Africa, China and India - are expected to drive the welding equipment and consumables market by 2017. The growing demand has also led to a rise in emerging technologies, such as corrosion resistant consumables that provide better productivity and thus cost reductions.

The main restraint of the global welding equipment and consumables market in the power industry is the delay in nuclear power projects, due to the aftermath of the Japanese tsunami of March 2011. The rebounds of these projects are expected to happen sooner in the Asia Pacific region than in Europe and North America, where they are expected in the long term.

What’s more, the impact of the euro crisis has caused closure of projects in Europe. Fear of an expected recession in 2012 has therefore made end users more cautious on their expenditures, which has led to budget cuts on welding. These factors are expected to limit the growth of the welding equipment and consumables market over the forecast period.

"The slowdown of projects has invariably led to lower consumption of welding equipment and consumables market in 2009, - adds Sudhakar. - The same was witnessed in 2011 among the nuclear sector. End user industries are also becoming increasingly conservative on their expenditures due to the fear of a global down turn in 2012. This has caused budget cuts on welding and changing costs from high cost welding equipment such as SAW and GTAW to the low cost SMAW, GMAW, and flux cored wires to stick electrodes and solid wires."

Product quality, suitability and customer support will be key decision making factors for the global welding equipment and consumables market in the power industry. While the safety requirements for nuclear industries are being revised, manufacturers are expected to provide state of the art equipment and consumables with the latest technology at affordable prices.

"Manufacturers are also expanding their distribution networks - particularly into emerging economies - to widen global foot print, as well as entering into acquisitions, - concludes Sudhakar. - This will help meet the large demand for welding equipment and consumables requirement for the power sectors in these regions."

If you are interested in more information on this study, please send an email with your contact details to Anna Zanchi, Corporate Communications, at anna.zanchi[.]frost.com.

World Arc Welding Equipment & Filler Metals Market is part of the Industrial Automation and Process Control Growth Partnership Service programme, which also includes research in the following markets: European Welding Consumables Market, Indonesian Welding Equipment and Consumables Market, Global Welding Market for Automotive Applications, Asian Resistance Welding Equipment and Consumables Market and Global Welding Automation Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tools/Hardware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Tools/Hardware articles,
CATCH Visitors via Your Competitors Announcements!


Welding Equipment and Consumables for the Power Industry – Frost & Sullivan Predicts Global Market Growth

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Anna Zanchi 
+39 02 46514819 anna.zanchi[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Tools/Hardware via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Tools/Hardware Most Recent Related Press Releases:

SWEP Moves Operations in Tentlingen, Switzerland to Košice, Slovakia and Landskrona, Sweden
Leviton Wins 2016 Product Innovation Award for Lumina Gateway Hub and Lumina RF Wireless Devices from Architectural Products Magazine
Kuehne + Nagel Sweden is Continuing to be the Extension of Bosch Power Tool Division’s Business in the Nordics
Rockwell Automation Announces Analytics Cloud for OEMs
Leviton Expands Lumina RF Lighting Control Product Line with In-Wall and Plug-In Dimmers
Rockwell Automation Expands Information Solutions Offerings
Hybrid Servo Punch Drive HPD - Voith Combines Proven Hydraulics with an Efficient Servo Drive
Digital Boost for Military and Civilian Maintenance Markets
ZESTRON Presents its Latest Cleaning Agent for Power Electronics and PCBs
SPI Lasers Introduces A New Generation of Industrial High Power Fiber Lasers

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today