#U.S. Engine-Driven Welder Market Trends

[researchrealmblog]

U.S. Engine-Driven Welder Market Is Driven by Growing Construction Industry

The U.S. engine-driven welder market is projected to be worth USD 185.8 million by 2030, growing at a CAGR of 5.0%. This growth can be credited to the growing demand for engine-driven welders for dual operations in the mining industry, the growing requirement for them in pipeline applications, and the rising construction industry.

The rising demand for such devices for dual procedures in the mining industry is one of the key reasons for boosting the U.S. engine-driven welder industry. They are needed to carry out maintenance on mining machinery and eliminate cracks or dented parts.

Furthermore, they are needed for electrifying other devices in the absence of major electric power. Credited to the dual operating abilities of such welders, mining businesses strongly choose them for a prime and backup electricity supply, and also for metalworking purposes.

Mining activities in the U.S. take place on a huge scale for the removal of minerals and other geological resources. In recent years, the nation produced raw mineral cargo valued at around USD 90,000 million, which climbed by over 10% in 2021, to approximately USD 100,000 million. With the surge in mining activities, the requirement for repairing mining equipment is likely to increase, which, ultimately, is projected to generate a high demand for engine-driven welders in the nation.

Engine-driven welders are utilized in the construction industry to weld steel in housing and commercial places and weld construction machines. The construction sector in the U.S. has experienced steady development in the past few years, and the trend is projected to continue in the future as well.

With construction activities moving to remote places (outside towns), where uncertainties happen about the obtainability of power, the demand for engine-integrated welders is projected to surge. This can be credited to their capability to serve as welding equipment and, at the same time, supply electricity at construction sites.

In recent years, the U.S. engine-driven welder market was dominated by the diesel category, with a share of above 50%. This can be credited to the large-scale acceptance of diesel-based engine-driven welders in oil and gas pipeline building and upkeep works. Furthermore, diesel is more inexpensive in comparison to petrol, and it does not catch fire as simple as the latter, which makes it appropriate for usage in refineries and other industrial amenities.

The demand for 300–399A engine-driven welders is expected to experience the highest CAGR, of approximately 5%, reaching over USD 38.0 million in sales value by 2030. This development can be ascribed to their large-scale utilization in construction, pipeline, repair, maintenance, fabrication, and structural steelwork applications. Furthermore, the need for such variants has experienced a surge in the agriculture industry for equipment fabrication and repair applications.

Source: P&S Intelligence

[industryupdate]

Ballooning Mining Operations Fueling Sales of Engine-Driven Welders in U.S.

The U.S. engine-driven welder market will grow at a CAGR of 6.0% during the forecast period, on account of the rising adoption of engine-driven welders in the mining sector and pipeline construction and maintenance operations. The mining and pipeline operations require such welders in remote locations, where there is lack of electricity supply. These factors, will therefore, help the market in escalating from $133.1 million in 2018 to $188.9 million by 2024, in the country.

In recent years, the U.S. engine-driven welder market has witnessed a significant demand for advanced engine-driven welders. This market trend has encouraged leading manufacturers, such as Lincoln Electric Holdings Inc. and Miller Electric Mfg. LLC, to develop easy-to-operate, lightweight, and compact welders that require less set-up time. For example, Lincoln Electric Holdings Inc. introduced Ranger 330 MPX, a new gas-based engine-driver generator and welder, in February 2019. This product has smaller footprint, is lighter, and has smaller capacity than other machines of its kind.

The U.S. engine-driven welder market is highly consolidated in nature, with the presence of few major manufacturers, including Hobert Welding Products, Multiquip Inc., Tomahawk Power LLC, Denyo Co. Ltd., and ESAB AB. However, the market is characterized by a large number of distributors such as Airgas Inc., WELDING SUPPLIES FROM IOC, A&B Welding Supply, Middlesex Welding Sales, One Source Equipment Rentals Inc., Cryo Weld, Barnes Welding Supply, TS Distributors Inc., Service Welding Supply, and Norco Inc.

Thus, with the rising number of mining and construction activities, the market will advance at a significant rate in the forecast years.