Global Ultrasonic Metal Welding Equipment Market 2020-2024 | Evolving Opportunities with Emerson Electric Co. and Kormax System Inc. | Technavio
LONDON--(BUSINESS WIRE)--Dec 3, 2019--
Technavio has been monitoring the global ultrasonic metal welding equipment market since 2017 and the market is poised to grow by USD 83.59 million during 2020-2024 at a CAGR of over 7% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global ultrasonic metal welding equipment market 2020-2024 (Graphic: Business Wire)
Read the 142-page research report with TOC on “Ultrasonic Metal Welding Equipment Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), by Application (Mobility, Electrical and electronics, and Alternate energy), and Segment Forecasts, 2020-2024”.
The market is driven by the technological advances in ultrasonic metal welding equipment. In addition, the parameterization of the ultrasonic metal welding is anticipated to further boost the growth of the ultrasonic metal welding equipment market.
Several industries including medial, aerospace, electronics, consumer, and automotive extensively use ultrasonic metal welding equipment for various processes. This is encouraging vendors operating in the market to continually innovate products to gain a competitive edge over their competitors by differentiating their products. Improving the efficacy of welding equipment enhances production efficacy of the ultrasonic metal welding process of end-users. Therefore, the technological advances in ultrasonic metal welding equipment are expected to drive market growth during the forecast period.
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Major Five Ultrasonic Metal Welding Equipment Market Companies:
Emerson Electric Co.
Emerson Electric Co. is headquartered in the US and operates the business under various segments such as Automation Solutions, Climate Technologies, and Tools & Home Products. The company offers ultrasonic metal welding equipment such as wire splicers metal tube sealers, and others.
Forward Sonic Tech Co. Ltd.
Forward Sonic Tech Co. Ltd. is headquartered in South Korea (Republic of Korea) and offers products through the following business units: Ultrasonic welder, Ultrasonic metal welder, Hot plate welder, Spin welder, and Others. The company offers various types of welders such as leak test machines, spin welders, plastic laser welders, and others.
Herrmann Ultraschalltechnik GmbH & Co. KG
Herrmann Ultraschalltechnik GmbH & Co. KG is headquartered in Germany and operates under various business segments, namely Ultrasonic welding machines, Ultrasonic welding systems, Ultrasonic components, Ultrasonic packaging technology, and Continuous ultrasonics. The company offers various types of ultrasonic welding systems and welding machines.
Kormax System Inc.
Kormax System Inc. is headquartered in South Korea (Republic of Korea) and offers products through the following business segments: Ultrasonic Metal Spot Welder, Ultrasonic Copper and Aluminum Metal Tube Sealing Welder, Ultrasonic Metal Wire Splicing Welder, and Charging Machine. The company offers various products such as KM-40KHz Super 3.0, KM-Splicer Servo, and others.
Nippon Avionics Co. Ltd.
Nippon Avionics Co. Ltd. is headquartered in Japan and offers products through the following business segments: Information system, Electronics, and Printed wiring board. The company offers ultrasonic metal welders such as SH-H3K7 and SW-3500-20.
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Ultrasonic Metal Welding Equipment Application Outlook (Revenue, USD Million, 2020-2024)
Ultrasonic Metal Welding Equipment Regional Outlook (Revenue, USD Million, 2020-2024)
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PUB: 12/03/2019 08:30 AM/DISC: 12/03/2019 08:30 AM