LOS ANGELES, BEIJING, LONDON and PUNE, India, August 30, 2018 /PRNewswire/ --
QY latest report, QY Research has provided detailed insights into the global butt fusion welding machine market. This market has been showing a steady growth since the past few years and is expected to grow fairly during the forecasted period of 5-years, i.e. between 2018 and 2023.
The global market for butt fusion welding machine was valued at US$ 153.9 Mn in the year 2017, while at the end of the projected period this market is likely to reach the value of US$ 214.3 Mn, expanding at a moderate CAGR of 5.14% during the forecasted period.
Butt Fusion welding machines, which are also known as butt fusion machines is an industrial tool to weld PVDF, PP, PE and PB pipes. Butt fusion welding machine is extensively demanded for welding purpose and it works by melting two ends of the metal or plastic and then passing them onto each other until they weld.
Global Butt Fusion Welding Machine Market- Drivers
The process of butt fusion welding is generally semi or fully automatic and if monitored well the process can provide the best welding quality. Naturally, global butt fusion machine is preferred over any other welding machine which is creating a positive impact on the global market for butt fusion welding machine market. With the help of butt fusion welding machines, a broad range of material can be welded such as titanium, steels, nickel alloys, stainless steel, and aluminum alloys. This particular factor is driving the growth of the global butt fusion welding machine market.
Global Butt Fusion Welding Machine Market- Segmental Analysis
The global market for butt fusion welding machine is segmented into type and application. Semi-automatic, manual and automatic are some of the types of global butt fusion welding machine. All the three types of butt fusion welding machines offer some benefits such as automatic machines that comes with a feature of electro-hydraulic controlled pipe clamps, data recording of weld parameters, and heater and trimmer plate, while semi-automatic machines segment provides benefits such as optional data logging facilities and auto-joining.
Semi-automatic butt fusion machines segment is projected to dominate the global market during the forecasted period. In the application segment, oil and gas segment is likely to be accounted for significant revenue share by the end of 2023.
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Global Butt Fusion Welding Machine Market- Regional Analysis
Five regions such as Middle East & Africa, North America, Asia Pacific, Europe and South America are covered in this report. The Asia Pacific is expected to dominate the market in terms of both value and volume throughout the projected period. The market of butt fusion welding machine in the Asia Pacific is likely to expand at a robust revenue rate during the forecasted period.
Global Butt Fusion Welding Machine Market- Key Players
Hangzhou Huanzhong, Rothenberger, Wuxi Baoda, RITMO, Acuster Bahisa, SAURON, Hy-Ram Engineering, SINWINCO, Mcelroy, Georg Fischer, Hiweld, Kennees, and Fusion Utilities, are some of the key players in the global market for butt fusion welding machine market.
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Related Report: Industrial Butt Fusion Welding Machine Market: https://www.qyresearch.com/index/detail/581919/global-industrial-butt-fusion-machines-sales-market
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