Global Laser Cleaning Market to be Worth US$787.88 mn by 2025, Suggests QY Research

Author: QYResearch  |   Published Date: 2019-08-23   |   Views: 156

The new report titled, “Global Laser Cleaning Market Research Report 2019”, is a specialized and a detailed study of the market with a focus of the emerging trends. The report aims to provide an overview of the market with an in-depth segmentation analysis by application and type. The report also provides key statistics on the market status of the top players and the key trends and opportunities for the global laser cleaning market. 

The report states that the global laser cleaning market will reach US$787.88 mn by 2025 from US$594.16 mn in 2018. The market is expected to register a CAGR of 4.14% throughout the forecast period. 

Global Laser Cleaning Market: Drivers and Restraints 

The global laser cleaning market will witness significant growth due to increasing inclination towards laser cleaning over traditional cleaning approach. Growing demand for laser cleaning in various applications such as restoration, industrial usage, and conservation are some of the factors fueling the growth of the market over the forecast period. In addition, laser cleaning is further being used in the automotive industry for brake line decoating systems and tire mold cleaning. Rising usage of laser cleaning in factories and plants for engraving, welding products, and cutting products will also boost the growth of the market in the coming years.

However, the lack of technical expertise and the high cost of investment and maintenance of laser cleaning is creating a negative impact on the growth of the market during the forecast period.

Global Laser Cleaning Market: Regional Analysis

North America is holding the largest share of the global laser cleaning market due to the booming manufacturing sector in this region. Asia Pacific is also expected to grab a remarkable market share due to the growing usage of laser cleaning in automotive and aerospace industries and power plants in this region. Growing infrastructural activities will further boost the growth of the market in this region.

Global Laser Cleaning Market: Segment Analysis

The global market for laser cleaning is segmented into product, type, and application. The product type segment includes high power (>500W), low power (<100W), and mid power (100-500W). Based on the application segment, the market includes power generation, automotive, art and heritage restoration, aerospace, electronics, and food and beverage. Automotive and aerospace segments are constantly growing for the laser cleaning market for the preparation of metallic surfaces to support adhesives bonding and reliability to ensure long-term performance with excellent electrical connectivity. This has augmented the overall growth of the market in the automotive and aerospace sectors.

Global Laser Cleaning Market: Key Players

The major players that are operating in the global laser cleaning market are Andritz Powerlase, Trumpf, Allied Scientific Pro (ASP), Rofin (Coherent), LASCAM, Han’s Laser, Laserax, IPG Photonics, Anilox Roll Cleaning Systems, Adapt Laser Systems, SPI LASERS LIMITED, CleanLASER, Suresh Indu Lasers (SIL), P-Laser, and Laser Photonics.

Global Laser Cleaning Market: Competitive Landscape

The leading players have used various strategies such as agreements, joint ventures, new product launches, acquisitions, expansions, and partnerships to increase their footprints in the global laser cleaning market to sustain in long run. 

Full Report Overview@ https://www.qyresearch.com/index/detail/1233895/global-laser-cleaning-market

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