Industrial Laser Market Revenue to Grow at 7.7% CAGR to 2020 - Key Players Include Trumpf, Coherent, IPG, Rofine

Feb 11, 2016, 11:45 ET from ReportsnReports

PUNE, India, February 11, 2016 /PRNewswire/ --

Global and China Industrial Laser Industry Report, 2016-2020 is the latest market research that says under the impetus of cars, 3D printing and other markets, the global industrial laser revenue is expected to grow at a CAGR of about 7.7% in 2016-2020.

In recent years, the global industrial laser market has been developing steadily. The revenue herein jumped by 4.9% year on year to USD2.76 billion in 2015. This research covers the Global and Chinese industrial laser market size, policies, market structure, applications, import & export and competitive pattern. Complete report of 115 pages is available at http://www.reportsnreports.com/reports/472288-global-and-china-industrial-laser-industry-report-2016-2020.html .

Chinese industrial laser market started late, showing a small size. In 2015, the revenue herein fetched about USD530 million (USD1=RMB6.2284), accounting for 19.2% of the global; however, the market grew radically with the year-on-year growth rate of 18.9% in 2015, faster than the global market because: First, China introduced a number of policies to encourage the development of the laser industry and its downstream emerging fields (such as material increase manufacturing) after 2010; second, Chinese enterprises gradually realized technological breakthroughs to break the monopoly of foreign enterprises and intensify the market competitiveness.

Industrial lasers primarily embrace CO2 lasers, solid lasers and fiber lasers, in which fiber lasers featured with excellent performance have replaced CO2 lasers and ordinary solid-state lasers in the fields of marking, metal cutting and so forth gradually, as well as represent the future development trend of the industry. The market share of fiber lasers is expected to escalate from 34.5% in 2015 to 44.3% in 2020 in China.

Major foreign industrial laser market manufacturers discussed in this research include TRUMPF, Coherent, IPG, Rofin-Sinar and Prima. Major Chinese Industrial Laser Manufacturers are Han's Laser, Huagong Tech, Daheng New Epoch Technology, Tianhong Laser, Wuhan Golden Laser, Siasun, Maxphotonics, Wuhan Raycus and Wuhan Co-Walking Laser. Order a copy of Global and China Industrial Laser Industry Report, 2016-2020 at http://www.reportsnreports.com/purchase.aspx?name=472288 .

Globally, major industrial laser manufacturers include the US-based Coherent, IPG, Rofine and Nufern, Germany-based Trumpf, Italy-based Prima, China-based Han's Laser, Huagong Tech, Wuhan Raycus and the like. Wherein, Trumpf ranks first with a 15% market share, followed by Han's Laser with 8%. In the wake of mergers and acquisitions between companies, the Matthew effect of the industrial laser industry will not fade out in the short term.

Trumpf, the world's largest industrial laser manufacturer, has been actively promoting R & D of new products. In July 2015, it launched TruDisk 421 pulse suitable for efficient welding of copper as a pulse green laser. In October 2015, it invested EUR70 million in constructing a new building to develop high-power lasers used in the new generation of EUV lithographic equipment.   

Han's Laser, China's largest industrial laser manufacturer, holds a vertical industrial chain covering optical devices, lasers and automatic control systems. In 2016, it starts the construction of "High-power Semiconductor Devices, Specialty Optical Fiber and Fiber Laser Industrialization Project" to further improve the fiber laser industrial chain. The project is expected to be fulfilled in 2018.

Wuhan Raycus is one of the few Chinese manufacturers that are capable of producing kilowatt fiber lasers. At present, it focuses on enhancing quality and reliability of 2000W and 4000W products, and R & D of core devices and materials of fiber lasers.

Explore more Manufacturing & Construction market reports at http://www.reportsnreports.com/market-research/manufacturing/ .

Another research titled Global Industrial Fiber Lasers Industry 2015 Market Research Report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. With 270 tables and figures the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Key Manufacturers are Coherent, TRUMPF, IPG Photonics, Newport, GSI, Rofin-Sinar Technologies, Active Fiber Systems, 3S Photonics, Advalue Photonics, Amonics, Apollo Instruments, Calmar Laser, EOLITE Systems, Fianium, Clark MXR, EKSPLA, ELUXI, TOPTICA Photonics, Hypertherm, IMRA America, Keopsys, Maxphotonics, Mitsubishi Cable Industries, FiberLAST, Furukawa Electric, Quantel Group, Raycus Fiber Laser Technologies, JDS Uniphase, JENOPTIK Laser, Miyachi Unitek, NKT Photonics, Nufern, Nuphoton Technologies, PolarOnyx and Prima Electro North America. Place a direct purchase order of this report at http://www.reportsnreports.com/purchase.aspx?name=432508 .

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