Plasma cutting is a process that cuts through electrically conductive materials by means of an accelerated jet of hot plasma. Typical materials cut with a plasma torch include steel, stainless steel, aluminum, brass and copper, although other conductive metals may be cut as well. Plasma cutting is often used in fabrication shops, automotive repair and restoration, industrial construction, and salvage and scrapping operations. Due to the high speed and precision cuts combined with low cost, plasma cutting sees widespread use from large-scale industrial CNC applications down to small hobbyist shops.
This report contains market size and forecasts of Industrial Plasma Cutters in global, including the following market information:
Global Industrial Plasma Cutters Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Industrial Plasma Cutters Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Industrial Plasma Cutters companies in 2021 (%)
The global Industrial Plasma Cutters market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Manual Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Industrial Plasma Cutters include Miller Electric, Lincoln Electric, ESAB, Ajan Elektronik, Koike, Hornet Cutting Systems, Kiffer Industries, ShopSabre and GoTorch, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Industrial Plasma Cutters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Industrial Plasma Cutters Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial Plasma Cutters Market Segment Percentages, by Type, 2021 (%)
Manual
CNC
Global Industrial Plasma Cutters Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial Plasma Cutters Market Segment Percentages, by Application, 2021 (%)
Automobile Industry
Metal Processing
Equipment Manufacturing
Others
Global Industrial Plasma Cutters Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial Plasma Cutters Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Industrial Plasma Cutters revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Industrial Plasma Cutters revenues share in global market, 2021 (%)
Key companies Industrial Plasma Cutters sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Industrial Plasma Cutters sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Miller Electric
Lincoln Electric
ESAB
Ajan Elektronik
Koike
Hornet Cutting Systems
Kiffer Industries
ShopSabre
GoTorch
Asia Machine Group
Hobart Welders
Klutch