The global arc welding equipment market has witnessed stagnant growth since the last few years and is anticipated to maintain a high growth scale over the forecast period of 2018-2026. The primary factor driving the global arc welding equipment market includes increasing demand from different end use industries such as construction, aerospace & defense, oil & gas, automotive, and many others. Arc welding equipment is rapidly being used in the construction of gas rigs, buildings, massive offshore oil, bridges, and pipelines. Also, the government is spending a massive amount in national infrastructure expansion projects, which is resulting in an increasing demand for arc welding equipment.
https://www.expertmarketresearch.com/reports/arc-welding-equipment-market
The global arc welding equipment market has witnessed stagnant growth since the last few years and is anticipated to maintain a high growth scale over the forecast period of 2018-2026. The primary factor driving the global arc welding equipment market includes increasing demand from different end use industries such as construction, aerospace & defense, oil & gas, automotive, and many others. Arc welding equipment is rapidly being used in the construction of gas rigs, buildings, massive offshore oil, bridges, and pipelines. Also, the government is spending a massive amount in national infrastructure expansion projects, which is resulting in an increasing demand for arc welding equipment. https://www.expertmarketresearch.com/reports/arc-welding-equipment-market
Global Arc Welding Equipment Market Report and Forecast 2021-2026
The global arc welding equipment market attained a value of about USD 4 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 6% to reach USD 5.7 billion by 2026.
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