The global industrial fiber laser market is forecast to grow at a CAGR of 13.42% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A key trend leading to market growth is the emergence of eco-friendly technologies. The emergence of eco-friendly technologies is a major trend prevailing in the global industrial fiber laser market. Currently, the use of eco-friendly products has increased across the globe.
Therefore, the vendors in the global fiber laser market are developing eco-friendly, energy-efficient fiber lasers. The use of fiber lasers has increased worldwide as they produce low CO2 emissions and deliver improved performance compared to other alternative technologies. Therefore, benefits such as reduced energy consumption, reduced wastage, and the use of non-hazardous materials have led to the emergence of eco-friendly fiber lasers in the market.
According to the report, one of the key drivers for market growth will be the low cost of fiber lasers. The reason behind the growing popularity of fiber lasers among the manufacturing industry is their low cost. Fiber lasers offer the highest beam quality with the lowest price per watt. The decline in the price of fiber lasers has extended its application in several areas. Therefore, due to their low cost and easy integrability, fiber lasers are being extensively used.
- What will the market size be in 2020 and what will the growth rate be?
- what are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- IPG Photonics
- Rofin-Sinar Technologies
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Industry overview
PART 06: Technology landscape
PART 07: Market landscape
PART 08: Market segmentation by application
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Assumptions
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/2njfpg/global_industrial
Research and Markets
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SOURCE Research and Markets