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| Market size in 2024 | US$ 912.7 million |
Forecast Market size by 2030 | US$ 1.38 billion |
|---|---|---|---|
| Growth Rate | CAGR of 7.1% | Number of Pages | 132 Pages |
The global Orbital Welding Equipment market size was valued at US$ 912.7 million in 2024 and is projected to reach US$ 1.38 billion by 2030, at a CAGR of 7.1% during the forecast period 2024-2030.
The United States Orbital Welding Equipment market size was valued at US$ 245.3 million in 2024 and is projected to reach US$ 356.8 million by 2030, at a CAGR of 6.4% during the forecast period 2024-2030.
Orbital Welding Equipment refers to automated welding systems that rotate around a fixed workpiece, typically used for welding pipes, tubes, and fittings in industries requiring high-precision, consistent welds.
The global Orbital Welding Equipment market is growing rapidly, driven by increasing demand for high-quality, reproducible welds in industries such as semiconductor, pharmaceutical, and aerospace. In 2023, global shipments of orbital welding systems reached approximately 28,000 units, with North America and Europe accounting for 60% of demand. The semiconductor industry remains the largest consumer, representing 35% of demand, followed by aerospace at 25% and pharmaceutical at 20%. The market saw a significant boost from the expansion of semiconductor manufacturing capacity globally, leading to a 30% increase in demand for ultra-high purity welding systems in 2023. Technological advancements have focused on improving automation and weld quality control, with new AI-powered systems offering 50% faster weld cycle times and 99.9% defect detection rates compared to 2020 models. The market is witnessing strong growth in portable orbital welding equipment, increasing at 12% annually, driven by on-site maintenance and repair needs in various industries. In 2023, new regulations on weld quality in critical applications led to a 40% increase in the adoption of fully documented orbital welding processes in the aerospace sector. The industry faces challenges from the high initial investment costs, but the long-term benefits in weld quality and productivity are driving adoption. Emerging applications in additive manufacturing are showing promise, with orbital welding systems for large-scale metal 3D printing growing at 25% CAGR, albeit from a small base of 2% market share. Looking ahead, the market is expected to benefit from the growing focus on high-purity process systems in biotechnology and pharmaceutical industries, with orbital welding equipment for single-use systems projected to grow at 15% CAGR through 2030.
Report Overview
An orbital welding equipment is a mechanical device which is specialized in the area of welding process for orbital tungsten inert gas welding (TIG) which is technically called gas tungsten arc welding(GTAW).
This report provides a deep insight into the global Orbital Welding Equipment market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Orbital Welding Equipment Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Orbital Welding Equipment market in any manner.
Global Orbital Welding Equipment Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ESAB(AMI)
Magnatech
Fronius International GmbH
AXXAIR
Orbitec GmbH
Swagelok
Orbitalum Tools
Lincoln Electric
Liburdi Dimetrics
Gullco Internationals
STELIN
Zhengzhou Kehui Technology
Orbitalservice GmbH
Westfalen AG
Market Segmentation (by Type)
Pipe Orbital Welding
Fusion Orbital Welding
Tube to Tubesheet Welding
Market Segmentation (by Application)
Oil & Gas
Aerospace
Boiler Tube
Food & Beverage Industry
Others
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Orbital Welding Equipment Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 912.7 million |
| Forecast Market size by 2030 | US$ 1.38 billion |
| Growth Rate | CAGR of 7.1% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 132 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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