Increasing Usage in Power Generation
The power generation process constitutes of steam generators, turbines, and pumps that handle steam and water. This requires various control, safety, and shut-off systems. The main area of wear is in steam and water valves, which experience high-pressure steam, high temperatures, and metal-to-metal wear at seating areas. The valve seats and spindles also need to inhibit oxidation on the surface, which otherwise can cause sticking. Thermal spray coatings prevent corrosion, high-temperature oxidation, wearing, and other daily challenges. This results in decreased downtime, lower replacement costs, and increased lifespan of components. Therefore, the increasing applications in the power generation industry are expected to drive the demand for thermal spray equipment during the forecast period.
Aerospace Industry Dominates the Market
In the aerospace sector, thermal spray coatings are used as protective coatings in newly manufactured aircraft components and in the repair of the older ones. In newer components, they are mainly used to coat landing gear equipment and turbine blades. The major types of thermal spray equipment systems used in these coatings include - high-velocity oxy-fuel coating spraying (HVOF), electric arc and plasma systems. With the growth of the aerospace industry, the market studied is likely to benefit.
North America - The Most Dominating Region
North America is expected to witness the highest demand for thermal spray equipment during the forecast period. This growth can be attributed to the growing construction & automotive industry in the region. Thermal spray applications are poised for growth in the United States. Atomization is the most common method in the powder manufacturing process, for producing metal and pre-alloyed powders, or powders consisting of two or more alloyed elements. Additionally, the end users of automotive and construction industries in Mexico are expected to augment the growth of the market during the forecast period.
Major Players: Artec, ASB Industries, Donaldson Companies Inc., Genie Products, and Metallisation Ltd, amongst others.
Reason to Purchase this Report
- Analyze various perspectives of the market, with the help of Porter’s five forces analysis.
- To understand the segment that is expected to dominate the market.
- The countries that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Technological Snapshot
4. Market Dynamics
4.1.1 Growing Demand in Asia-Pacific and GCC
4.1.2 Increasing Usage in Power Generation Applications
4.3.1 Replacement of Hard Chrome Coatings
5. regional Market Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Thermal Spray Coating Systems
5.1.2 Dust Collection Equipment
5.1.3 Spray Guns and Nozzles
5.1.4 Feeder Equipment
5.1.5 Spare Parts
5.1.6 Noise-reducing Enclosures
5.1.7 Other Product Types
5.2 By End-user Industry
5.2.2 Industrial Gas Turbines
5.2.5 Oil & Gas
5.2.6 Medical Devices
5.2.7 Energy and Power
5.2.8 Other End-user Industries
5.3 By Process
5.3.2 Electric Energy
5.4 By Material
5.4.4 Other Materials
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Air Products & Chemicals
8.3 Arzell Inc.
8.4 ASB Industries
8.5 Bay State Surface Technologies (Aimtek)
8.7 Castolin Eutectic
8.8 Donaldson Company Inc.
8.9 Flame Spray Technologies BV
8.10 Genie Products Inc.
8.11 Imperial Systems Inc.
8.12 Integrated Global Services
8.13 Kurt J Lesker Company
8.14 Lincoln Electric Holdings Inc.
8.15 Metallisation Ltd
8.16 Metallizing Equipment Co.
8.17 Oerlikon Metco
8.18 Powder Feed Dynamics Inc.
8.19 Praxair Surface Technologies Inc.
8.20 Progressive Technologies Inc.
8.21 Saint-Gobain SA
8.22 Thermach Inc.
8.23 Thermion Inc.
8.24 GTV Verschleibschutz GmbH
*List Not Exhaustive
**Subject to availability on the public domain
- ASB Industries
- Bay State Surface Technologies (Aimtek)
- Castolin Eutectic
- Donaldson Company Inc.
- Flame Spray Technologies BV
- Genie Products Inc.
- Imperial Systems Inc.
- Integrated Global Services
- Kurt J. Lesker Company
- Lincoln Electric Holdings Inc.
- Metallisation Ltd.
- Metallizing Equipment Co.
- Oerlikon Metco
- Powder Feed Dynamics Inc.
- Praxair Surface Technologies Inc.
- Progressive Technologies Inc.
- Saint-Gobain S.A.
- Thermach Inc.
- Thermion Inc.
- GTV Verschleibschutz GmbH