Pune, India, July 26, 2022 (GLOBE NEWSWIRE) — The global welding consumables market size is projected to reach USD 15.15 billion by 2027, exhibiting a CAGR of 3.3% during the forecast period. Development of robotic welding systems is expected to propel the growth of this market in the near future, finds Fortune Business Insights™ in its report, titled “Welding Consumables Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027”. A few key industry leaders such as ABB and ESAB have been constantly innovating and coming up with novel robotics solutions for welding applications.
For example, ABB has been researching and developing a next-gen welding solution called “flying start”, which will save precious milliseconds per weld. Robotic welds will be embedded with a flying-start mode that will enable turning on the power source for the weld before it arrives on location. KUKA AG, a leader in industrial robotics, released its ready 2_grind robotic solution in 2017 that can be utilized for blending and grinding applications across multiple industries, where welding is a core activity. These innovations are expected to fuel the welding consumables market growth in the forthcoming years.
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The outbreak of the COVID-19 pandemic has crippled the global economy. Businesses are experiencing unprecedented stress as…
