Industrial Technologies Practice News Today

Welding Vendors Focusing on New Technologies and Energy Efficiency for Business Growth, Finds Frost & Sullivan Growth in the global welding equipment and consumables market is being driven by the introduction of new welding technologies, opportunities from developing regions where infrastructure building and automation are top priorities. The market is driven by developing regions where infrastructure building and automation is a priority Santa Clara, Calif. – January 28, 2021 – Frost & Sul...

SANTA CLARA, Calif. — Frost & Sullivan’s recent analysis, Newer Welding Techniques to Enable Growth in the Digital Age, reports that increasing competition in the global welding equipment and consumables market has led manufacturers to focus on energy efficiency, operational excellence and reducing maintenance costs. Amid the uncertain economic conditions caused by COVID-19, the industry is forecast to reach US$21.74 billion by 2024, growing at a CAGR of 1.3%. Growth is driven by opportunit...