Plasma Cutting Equipment Market to Grow at 4% CAGR through 2026, North America to Maintain Leading Revenue Share

ALBANY, USA, 2018-May-29 — /EPR Network/ —A new research study titled “Global Market Study on Plasma Cutting Equipment: Mechanized Equipment to Witness High Adoption During 2017 – 2026” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the study, the global plasma cutting equipment market is likely to witness a moderate CAGR of nearly 4% during the assessment period.

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The research study offers in-depth analysis and insights on the plasma cutting equipment market. According to the study, plasma cutting is steadily gaining adoption in industrial cutting equipment. The adoption is especially more pronounced in applications where accuracy and fine cuts are required. The feature of plasma cutting equipment to operate under a range of temperatures is also likely to provide an impetus to growth during the assessment period.

Although the report expects plasma cutting equipment market to grow at a moderate pace, challenges concerned to high price and lack of trained workforce to handle plasma cutting equipment can stymie growth during the assessment period. According to the study, difficulties in procuring raw materials for plasma cutting equipment are also key challenges for manufacturers during the assessment period.

The research study offers a holistic analysis on the basis of regions to identify the lucrative and sluggish markets for plasma cutting equipment. North America continues to be one of the leading markets for plasma cutting equipment, owing to appropriate budgets among key players, and growing emphasis on quality control. The adoption of plasma cutting equipment is likely to grow at a brisk pace among heavy metal industries in North America. On basis of these factors, the North America plasma cutting equipment is likely to reach a valuation of nearly US$ 240 Mn by the end of the forecast period.

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In addition to North America, Asia Pacific is likely to emerge as a lucrative market for plasma cutting equipment during the assessment period. Many manufacturing hubs in Asia Pacific are focusing on quality control measures, in a bid to maintain their appeal as leading export countries. European and American importers are putting more emphasis on quality rather than quantity, and this has influenced manufacturers to incorporate innovative solutions in their offerings.

The research study also provides assessment on the leading players in the plasma cutting equipment market. According to the research study, some of the leading players in the plasma cutting equipment market include Flow International Corporation, Fronius international GMBH, Matheson tri-gas Inc., Lincoln Electric Company, Ador Elding Ltd., Colfax Corporation, Illinois Tool Works Inc., Linde group, Barton International Inc., and GCE holding AB.

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