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Analysis of Global Welding Market for Repairs and Maintenance
Frost & Sullivan, June 2011, Pages: 70
This is a market analysis for the global repairs and maintenance industries which has been gaining importance after the severe recession of 2009, with the need for repairs and maintenance gaining priority against replacement. The study presents an analysis of welding equipment and welding consumables used for metal corrosion and abrasion. It also includes thermal spray equipment used for coating for maintenance of machinery and parts. The study analyses the trends across the major end-user industries such as automotive and transportation, construction, energy, shipbuilding, metal fabrication and other industries.
This research analysis titled Analysis of Global Welding Market for Repairs and Maintenance provides total market values and percentage of revenues for welding consumables, welding equipment and thermal spray equipment in different end-user industries in Americas, Europe, the Middle East and Africa (EMEA) and Asia Pacific. In this research, Frost & Sullivan's expert analysts thoroughly examine the following product segments: welding equipment, welding consumables and thermal spray equipment.
Extension of Component Life through Preventative Repair is a Key Market Driver
Increasing end-user recognition of the importance of maintenance and services will result in enhanced investments in remote diagnostics and preventive maintenance. Diverse performance, longevity and durability needs will support market growth. “Efforts at reducing overall downtime through improved visualization and process simulation will constitute key areas in developing the welding and thermal spray market for repairs and maintenance,” explains the analyst of this research. “Welding repairs are directed primarily at enhancing the safety and reliability of parts, extending their service life and cutting down on operational costs.”
Energy, construction and metal fabrication industries will remain the key end users for the welding equipment and consumables segments over the long term, especially in the Middle East and Asia, and particularly in China. In the energy sector, gas and steam turbine parts are subject to nearly all types of wear, and they are regularly coated with plasma sprays. The susceptibility of components to high corrosion has created growth potential for the maintenance market. “Research is ongoing to update welding techniques and materials suitable for the repair of parts involved in steam generation, transport and turbines,” states the analyst. “These present an opportunity for revenue growth for welding repairs in the energy and power sector, as welding constitutes a significant part of the maintenance costs in power plants.” The growth of renewable energy projects in parts of Europe and China and the robust increase in installed capacity will create opportunities for welding repairs and powder coatings. Welding also constitutes a significant part (in terms of cost) in any repair project in oil and gas and conventional power generation. Power companies are keen to avoid new purchases and plant shutdowns that could negatively impact profitability. Regular weld repair procedures carried out in offshore structures and power plants will yield higher revenues for welding equipment.
Local Presence, Complete Portfolio and Focus on Services Will be Key to Success
Inherent end-user conservatism remains a key challenge; industries continue to favour existing technologies and processes over new and sophisticated equivalents. Another challenge relates to the absence of skilled and qualified welders. This affects the delivery of services in western Europe and North America. It also prevents the spread of better ways of tackling repair and wear problems in unfavourable environments such as mining. “Fixed or long-term contracts are not required for repair and coating purposes and, instead, are generally done on an ad-hoc basis depending on immediate needs,” adds the analyst. “End-user industries do not have the option of subcontracting large-scale repair jobs due to the lack of availability of such services.”
Service teams need to quickly respond to the repair requirements of machine parts or damaged components and perform in-situ welding. This is an essential supplement to a good repair product portfolio for all market participants. Developing application-specific expertise and delivering complete solutions, which include selection of materials, products and services such as coating and weld repairs, will also be essential to success.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following product segments in this research:
- Welding equipment
- Welding consumables
- Thermal spray equipment
By End-user Industry:
- Energy
- Automotive and transportation
- Construction
- Metal fabrication and mining
- Shipbuilding
- Process and other industries
By Geographic Region:
- Americas
- Europe, Middle East and Africa
- Asia Pacific
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