Plasma Welding Machine Market Statistics-2030 The global plasma welding machine market size was valued at $1,128.7 million in 2020, and is projected to reach $1,851.7 million by 2030, registering a CAGR of 4.9% from 2021 to 2030.. The plasma welding method, also known as liquid state welding, involves the heating of workpiece by using hot ionized gases. The primary goal of plasma welding is to create a strong connection between two components. Welders deal with metal or thermoplastic and bond them together with a durable filler material. Plasma is employed across a wide range of industries, due to factors such as production volume, consistency, and minimal downtime. The global plasma welding machines market growth is driven by rise in need for technical advancements and automation, which will help in decreasing labor costs and increase quality control. Furthermore, high production capacity and lightweight design of micro plasma welding machines are anticipated to provide lucrative opportunities for the expansion of the global market during the forecast period. In comparison to other welding techniques, plasma welding is an effective and efficient procedure. However, the downturn in the automobile sector, on the other hand, is likely to act as a key challenge for the expansion of the plasma welding machine market. The novel coronavirus has rapidly spread across various countries and regions, causing enormous impact on lives of people and overall community. Originating as a crisis to human health, it now poses significant threat to worldwide trade, economy, and finance. The COVID-19 pandemic has halted production of plasma welding machines, due to the continuous lockdown in key countries. Market players can afford a complete lockdown only for a limited period, after which they would have to alter their investment plans. Furthermore, number of COVID-19 cases are expected to reduce in the near term as vaccine for COVID-19 has been introduced in the market. This is further expected to lead to re-initiation of plasma welding machine companies at their full-scale capacities, which would aid the market to recover by the start of 2022. Get Free Sample:-https://www.alliedmarketresearch.com/request-sample/8635 After COVID-19 infection cases start to decline, equipment and machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.In the plasma welding machine market, several firms are developing and launching new products. These new goods are more technologically sophisticated than their prior product line. These new goods work more efficiently and effectively, and they are extensively employed in the business. For instance, in May 2021, Kjellberg Finsterwalde has launched new cathodes, E042, F042, and G042 for plasma power sources. These cathodes can be used for stainless steel and aluminum from 1 to 6mm. Hence, these innovation in plasma welding machine equipment is expected to boost the market growth during the forecast period. Competition Analysis Key companies profiled in the plasma welding machine market report include Air Liquide, Banner Welder, Inc., Carl Cloos Schweisstechnik GmbH, DAIHEN Corporation, EWM, Fronius International GmbH, Illinois Tools Works Inc, Panasonic Corporation, Technocrats Plasma Systems Private Limited, and voestalpine Böhler Welding GmbH. Full Report With TOC:-https://www.alliedmarketresearch.com/plasma-welding-machine-market-A08270