The ice is changed to water and then to steam by the supply of heat. Upon continuous supply of heat to the steam, plasma is generated. Plasma is generally an electrically conductive gas. The plasma machines have been observing remarkable technological trends in the recent years and have been widely utilized in numerous industry verticals such as aerospace, defence, construction, automotive and so on. The suitability of these machines for wide range of materials, low consumable costs, higher reliability, better portability and so on advantages stimulated the utilization of these machines for cutting, welding application in various industries when compared to other processes which boosted the market growth in the recent years. Automotive, aerospace and aviation industries are the primary end users of this market.
The market hosts is segmentation based on the function including cutting, welding. In addition, type includes the portable, CNC machines, robotic devices. The leading players in this market developments including Colfax corporation acquisition of ESAB brand of Victor Technologies Inc. which later changed to Thermal Dynamics and the company have been offering its services under the brand name of Thermal Dynamics. Hypertherm Corporation has been expanding the robotic plasma capabilities with the purchase of Jabez Technologies in 2015. This created an upsurge in the market growth because of technological advancements which amplified the market growth.
Messer Hungarogáz Kft. Company also has been involved in making partnerships and recently acquired the part of shares from Air Liquide Hungary Ipari Gáztermelo Kft and Smart Gas Pte. Ltd., which expands the business in the coming years and is estimated to increase the footprint of plasma machines in Hungary and Singapore which elevates the market growth in those regions. Companies like Lincoln Electric Holdings Inc. have been investing in the next generation 3-D plasma cutting solutions and in 2013 the company has acquired the ownership of Burlington Automation Corporation which is 3D plasma cutting systems manufacturer. These developments anticipate the increasing adoption of these machines which propels the market growth over the forecast period.
Increasing need for the automation and need for high precision cutting and welding operation stimulated the evolution of CNC machines which considerably increased the sales of plasma machines in the recent years. The APAC region is estimated to be a pioneer in this market in terms of value and volume. China is the prominent growth contributor in this region. In addition, rapid industrialization in India, Japan and so on countries have been utilizing these materials for cutting of thick sheet metals, high temperature welding applications.
Europe region is estimated to have brisk growth over the forecast period because of large scale automotive industries where the employment of these machines have been continuously increasing in the recent years and is estimated to continue over the forecast period which intensifies the market revenue in this region.
Sample Companies profiled in this report are:
Messer Group GmbH,
Lincoln Electric Inc.