Home > Industrial Machinery > Industrial Equipment > Plasma Cutting Machine Market

Plasma Cutting Machine Market Trends

Report ID: GMI8984
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Plasma Cutting Machine Market Trends

There are trends in plasma cutting machine industry as, using CNC technology in plasma cutters. Computer numerical control (CNC) technology is becoming more and more integrated into plasma cutting machines. Benefits such as, automated operation, accurate cutting, and complicated shape cutting are made possible by CNC systems, which boost productivity and efficiency in metal manufacturing operations. Market leaders such as, Hypertherm, Lincoln Electric Holdings, etc. have adopted the usage of CNC plasma cutters. Also, there is a increased usage of green plasma cutting machine as they can limit energy usage, reduce emissions, and improve resource use are being developed with environmental sustainability in mind. Eco-friendly cutting techniques and energy-efficient plasma systems.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market valuation of plasma cutting machine was reached USD 770.6 million in 2023 and will demonstrate a 5.7% CAGR between 2024 and 2032, owing to the increasing demand for efficient and precise metal cutting solutions across various industries.

The CNC machine type segment in the plasma cutting machine market registered USD 419.1 million in 2023 and will reach USD 722 million by 2032, attributed to its unparalleled precision, efficiency, and versatility in automotive, aerospace, and metal fabrication.

Asia Pacific plasma cutting machine industry secured 37.5% revenue share in 2023 and will record USD 533 million by 2032, driven by rising investments in infrastructure development, coupled with expanding manufacturing and automotive sectors.

Major plasma cutting machine companies are Ador Welding Ltd., AJAN ELEKTRONIK, C & G Systems, ERMAKSAN, ESAB Welding and Cutting Products, DAIHEN Corporation, Haco, Hypertherm, Inc., Koike Aronson, Komatsu cutting systems, Lincoln Electric Holdings, Inc., among others.