The global engine-driven welders market size was worth around USD 1206 million in 2022 and is predicted to grow to around USD 1699 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.33% between 2023 and 2030.
Engine-driven welders are not meant to be used indoors and are typically carried by truck or trailer. This mechanical equipment has several important features, including portability, superior self-contained power, and multifunctionality. While the market share of engine-driven welders is smaller than that of some other heavy machinery and equipment, the sector is predicted to increase at a substantial rate throughout the projected period.
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Overview of the Engine-Driven Welders Market
During the welding process, engine-driven welders are employed. The devices make use of a fuel-powered engine’s welding capabilities. They can generate power for a variety of welding processes, including as stick welding, tungsten inert gas (TIG) welding, metal inert gas (MIG) welding, and flux-cored arc welding (FCAW), utilizing propane, diesel, or gasoline as fuel. Important to remember is that these welders’ electricity may power anything from air compressors to pumps to power fans to any other electrical tool on the job site. This means that the power they produce is not just for welding.
• According to our research analyst’s report, the global market for engine-driven welders is projected to expand at a compound annual growth rate (CAGR) of approximately 4.33% during the forecast period of 2023–2030.
• The global market for engine-driven welders was estimated to be worth USD 1206 million in revenue in 2022 and is expected to reach USD 1699 million by 2030.
• Because engine-driven welders are becoming more and more popular in the pipeline industry, the market for these tools is expected to expand rapidly.
➤ Expanding use in the pipeline sector to propel market expansion
Due to the growing usage of these tools in the pipeline industry, where they are widely employed for welding and fabrication, the market for engine-driven welders is anticipated to expand globally. The need for efficient equipment and machines has grown over time as global infrastructure development projects and urbanization continue to expand. The pipeline industry’s revenue is rising for a number of reasons.
This includes an increase in the need for energy, as well as increased investment in general infrastructure, distribution of natural gas, and oil and gas exploration. For example, the largest underwater pipeline project in Asia was completed in April 2023 and will be utilized to export hydrocarbons to India. The pipeline crosses the major water channel for 4080 meters and is located beneath the Brahmaputra River. The European Union approved €124 million in March 2023 to be used for the construction of a portion of a pipeline that will transport gas across Poland. The action will assist the area in securing Poland’s gas supply as the nation works to lessen its reliance on Russian gas. Because of their strength and portability, engine-driven welders are the best type of equipment to utilize on big projects.
➤ worries that the rate of release of hazardous gases would increase and limit market expansion
Because engine-driven welders emit a lot of dangerous gasses, it is expected that the growth trend in the worldwide engine-driven welder market will encounter some obstacles. The internal combustion engines of machines are the source of the additional nitrogen oxide (NOx) and carbon monoxide (CO) emissions, which are already at an elevated level. The sale of engine-powered welders is impacted even though manufacturers are striving to lower the emission rate by abiding by local and international environmental requirements because of the liabilities and environmental damage that cannot be minimized to insignificant amounts.
➤ Engine-driven welders’ multipurpose features to open up development opportunities
When it comes to performance, engine-driven welders are quite adaptable. Their adaptability extends to powering additional equipment like lights and fans, as well as interdepartmental applications for the same function—welding. As a result, welders are becoming more and more common in the entertainment sector. They can be found at theaters, movie sets, concerts, and any other location without a power source. Furthermore, a lot of fuel-led welders have generators installed. It is possible to generate and manufacture electricity with this piece of technology in situations where there is no electrical source. The RuffianTM ES 150G was introduced in November 2022 by ESAB, a prominent manufacturer of fabrication technologies and systems. This lightweight engine-driven welding generator is the first of its type, capable of producing up to 4,500 watts of peak alternative current (AC) power at 120V or 240V and 150 amps of stick welding output.
➤ escalating raw material costs will hinder business prospects
The cost of the raw materials needed to produce and operate engine-driven welders has been steadily rising recently. This covers the cost of fuel and materials. Due to increased worldwide demand, steel and aluminum prices are soaring at the production site, while fuel prices have surged over the past year. A primary cause of the price increase is the conflict between Russia and Ukraine, as well as the decreased output of gasoline and diesel. All of the ingredients are necessary parts of engine-driven welders, but if prices keep going up, worldwide market participants might run into difficulties.
The Global Engine-Driven Welders Market is segmented based on product, application and region
Global Engine-Driven Welders Market: Product Segment Analysis
● Gasoline Engine
● LPG Fueled Engine
● Diesel Engine
Global Engine-Driven Welders Market: Application Segment Analysis
● Power Generation
The global engine-driven welders market is led by players like:
● Miller Electric
● Lincoln Electric
● Welding Industries of Australia
● Jasic Technology
● Atlas Copco
● Ingersoll Rand
● Wacker Neuson
● Generac Power Systems
● Perkins Engines
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➤ Throughout the projection period, North America is expected to have the highest CAGR
Due to the existence of numerous top firms that produce and sell engine-driven welders for both domestic and international markets, the global market for engine-driven welders is predicted to develop at the fastest rate in North America. There is a high need for engine-driven welders in several nations, including the US and Canada. For example, Canada has the third-largest oil reserves in the world, after Saudi Arabia and Venezuela.
Furthermore, the need for portable and lightweight welding machines has increased due to the extensive pipeline network that runs across these nations. Frontier 400X Pipe was introduced in July 2022 by Ohio-based technology provider Lincoln Electric. It is the line of diesel-powered welders and generators of the next generation. Regional market players have taken advantage of the engine-driven welders’ ability to generate power and have produced some of the strongest generators in the shape of welders, enabling them to perform a variety of functions. Asia-Pacific is anticipated to expand steadily. It is anticipated that regional consumption levels will be impacted by the rising demand for gas and energy brought on by rapid industrialisation and population increase.
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