LONDON, June 1, 2012 /PRNewswire/ -- The world is changing toward a market for productivity benefits highly dependent on technology, which will drive automation in the future. This invariably leads to a large demand for submerged arc welding (SAW) equipment and consumables.
The need for automation is materializing the demand for customized welding solutions that have brought about the emergence of innovative technologies, which is expected to be the primary growth driving factor in the future. Regional customization of products according to price and application suitability also helps broaden its scope of application and demand.
Standard automation SAW equipment had a higher market share in 2011. However, the demand for engineered automation SAW equipment is expected to increase in the future. Though the shift toward alloyed SAW consumables is expected to be slow, increasing awareness and training programs, acceptance among global manufacturers and usage in the energy, defense and construction industries are expected to drive its demand in the long term.
Budget cuts on welding are however expected to limit the growth of the global SAW market, pushing its pre-recession level rebounds till the end of 2016.
Highlights of the briefing included the analysis of drivers and restraints, technology trends and regional trends across the global submerged arc welding equipment and consumables market across seven major end-user segments.
This briefing benefited submerged arc welding equipment and consumables manufacturers, integrators and distributors by discussing emerging trends and provides a holistic view on the global submerged arc welding market across different end-user industries.
"Innovation, Ergonomics, Education, Productivity and Trust are the expected to be the five keys to success in the global submerged arc welding equipment and consumables market," observes Ruth Sudhakar, Research Analyst, Industrial Automation and Process Control, Frost & Sullivan. These factors fuel the rebound of the market to pre-recession levels by the end of 2016. "The advent of innovation and training on submerged arc welding makes the future of welding, safe and secure," concludes Sudhakar.
For more information on Frost & Sullivan's Industrial Automation and Process Control practice, please visit: http://www.frost.com/prod/servlet/svcg.pag/IP00
To receive a recorded version of the briefing, please send an email to [email protected], or click on the following link: http://www.frost.com/prod/servlet/analyst-briefing-detail.pag?mode=open&sid=261044103
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