Welding Requirements for Repairs and Maintenance


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An analyst briefing on the welding market, by analyst Archana Chauhan.

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Welding Requirements for Repairs and Maintenance

  1. 1. Welding Requirements for Repairs and Maintenance:Increased Adoption of Preventive Maintenance Leads the Market for Welding Archana Chauhan, Program Manager Industrial Automation and Process Control
  2. 2. Today’s Presenter: Archana Chauhan Functional Expertise • 4 years of expertise in Industrial Automation and Process Control , which include consulting, research and sales Particular expertise in : - Analyzing emerging trends, technologies and market dynamics in the welding, cutting and joining technologies market - Business planning and growth strategy formulation - Process mapping and analysis - Project Management, Planning and Development Industry Expertise Experience base covering broad range of sectors with global assignments, leveraging long-standing working relationships with leading industry participants’ Senior Executives inArchana Chauhan - Welding, Cutting and Joining TechnologiesProgram Leader - Welding Automation and RoboticsIndustrial Automation and What I bring to the TeamProcess Control - Global Extensive client interaction and strategic project management • Immense experience and expertise in project leadershipResearch Manager • Deep industry knowledge of the global welding, cutting and joining technologiesFrost & Sullivan S.A Career Highlights • Research Manager for Frost & Sullivan – CEE and Russian Operations since July 2010Frost & Sullivan • Speaker, panelist and moderator in several industry forumsCentral and Eastern Europe • Quoted in domestic and international publications on the trends and analysis in welding and joining technologiesWarsaw, Poland • Long term clientele relationship with international welding equipment , consumables and automation suppliers • Education • Masters in Arts ( Economics ) from Fergusson College of Arts and Science, Pune University, India • Bachelors in Arts ( Economics) from Ethiraj College of Arts and Science, Madras University, India 2
  3. 3. Focus Points Overview and Scope of the Briefing Industry Challenges Key Market Drivers and RestraintsWeldingRequirements for Market Size and ForecastsRepairs andMaintenance Key Market Trends by Region Key End-users Analysis Conclusions 3
  4. 4. Overview and Scope of the Briefing Market for Repairs and Maintenance: Market Segmentation (World), 2010 Global Market for Repairs and Maintenance Repairs MaintenanceBrazing and Thermal Spray* Welding* Hardfacing Soldering Plasma Gas* Arc* Consumables* Consumables HVOF (Liquid and Gas) Flame Equipment* Arc (Powder and Wire) * Will be discussed in detail Source: Frost & Sullivan 4
  5. 5. Overview and Scope of Briefing ( Contd... ) Welding Market for Repairs and Maintenance: Revenue Trends (World), 2010 and 2017 Percentage of Revenues in The increased adoption of EMEA preventive maintenance will lead to higher revenues in the long term. 100.0 Percentage of Revenues in High Growth 80.0 America RegionRevenues(%) 46.0 52.0 60.0 Percentage of Revenues in 40.0 Asia Pacific 48.0 54.0 20.0 0.0 Asia Pacific is projected to be the fastest growing regional market and region. Rapid economic 2010 Year 2017 development in China and India, and increasing Equipment and Consumables for Repairs industrial manufacturing in this region are the key growth accelerators. Equipment and Consumables for Maintenance 5
  6. 6. Industry Challenges Welding Market for Repairs and Maintenance: Industry Challenges (World), 2011-2017 Perception and sensing of Need to locate service units repair needs strategically close to end users Industry Challenges Global Presence Lack of adequate manpower Source: Frost & Sullivan 6
  7. 7. Key Market Drivers and RestraintsStrong Market Drivers Enable Investments and Catalyse Growth of the Welding Market Extension of component life through repair Reduction of capital expenditure Maintenance needs of the power industries Lack of institutional tie ups for repairs Low prevalence of and maintenance preventive maintenance Source: Frost & Sullivan. 7
  8. 8. Revenue Forecasts for the Welding Equipment MarketWelding Consumables Market for Repairs and Maintenance: Revenue Forecasts (World), 2010 and 2017 Revenues in 2010: CAGR CAGR (2010-2017): $650.3 Million :4.0% $859.6 Million Over the forecast period it is expected that the share of the arc welding market will increase. Arc welding processes have been witnessed as being best suited for application of hard facing weld metal and hence its share is expected to rise to 82.5 percent in 2017. Note: All figures are rounded, the base year is 2010. Source: Frost & Sullivan 8
  9. 9. Revenue Forecasts for the Welding Consumables MarketWelding Consumables Market for Repairs and Maintenance: Revenue Forecasts (World), 2007, 2010 and 2017 CAGR (2010-2017): 2500.0 4.5% • The welding consumables Revenue ($ Million) market for repair generated 2000.0 revenues of $1567.7 million CAGR (2007-2010): in 2010 and had a growth 1500.0 -4.1% rate of 0.9 percent. • The repair consumables market witnessed a decline of 1000.0 16.4 percent in 2009 owing to the recession, which 500.0 affected the volume of consumables demanded for 0.0 welding repairs. • Welding consumables for 2007 2010 2017 repairs are expected to see a Year marginal rise in growth rate over forecast years. Stick Electrode Solid Wire Flux cored wire SAW wires and fluxes Note: All figures are rounded, the base year is 2010. Source: Frost & Sullivan 9
  10. 10. Revenue Forecasts for the Thermal Spray Equipment Market Thermal Spray Equipment Market for Repairs and Maintenance: Revenue Forecasts (World), 2007, 2010 and 2017 CAGR (2010-2017): 500.0 7.4% The Thermal spray equipment (TSE) 450.0 market had revenues of $187.9 millionRevenue ($ Million) 400.0 CAGR (2007-2010): 350.0 0.85% in 2010 after witnessing a decline of 300.0 12.0 percent in 2009, owing to the 250.0 200.0 economic recession. The market is 150.0 expected to reach approximately 100.0 50.0 $310.2 million in 2017, growing at a 0.0 compound annual growth rate (CAGR) 2007 2010 2017 of 7.4 per cent from 2010 to 2017. YearYears Plasma HVOF (Liquid) HVOF (Gas) Arc Flame (wire) Flame (powder) Note: All figures are rounded, the base year is 2010. Source: Frost & Sullivan 10
  11. 11. Market Attractiveness and Growth by RegionsHigher Growth from the APAC regions over forecast years leading it to be the largestmarket in 2017 Repairs and Maintenance Welding Equipment and Consumables Market: Market Attractiveness by Regions (World ), 2017 Note: Size of the bubble corresponds to the segments’ market size in 2010. The base year is 2010. Source: Frost & Sullivan 11
  12. 12. Key End-user AnalysisThe Civil engineering failures and deterioration of structure in the metal fabrication,construction and energy industries will drive the market for repairs and maintenance. Welding Consumables Market for Repairs and Maintenance: End User Analysis (World), 2007-2017End User Industry Short Term Long Term CAGR Perspective Perspective (2010-2017) Energy Weld repair is one of the causes of downtime in the 4.9% conventional power plants. Periodic repairs and maintenance works in critical installations enhance safety and reliability of the parts. Automotive and transportation 5.0% Construction The market is expected to be strongly driven by the 5.7% rising economic and infrastructural activities in China and south east Asian nations. Shipbuilding 2.4% Repairs in the metal fabrication and mining industry is Metal Fabrication expected to be driven by an increase in mining activities (includes Mining ) 5.8% and rising prices of metal commodities. Process and Other Industry 0.3% Source: Frost & Sullivan Trend Growth Stable Decline 12
  13. 13. Summary of Key Opportunities Largest market for the welding repairs and maintenance to shift from EMEA to APAC Key competitive forces in Establishing a local or the market are product regional distribution quality, services, price, Key Opportunities network is important to brand reputation, and in the Welding tap the potential in the technical support. Market for Repairs emerging regions. and Maintenance Improved deposition efficiency, new weld materials, coating and Performance, longevity, and durability welding consumables for needs by different industries are dissimilar metal repairs will be expected to drive the market over the the key technologies . forecast years. Source: Frost & Sullivan 13
  14. 14. Upcoming Research Titles WELDING 2011 Global Welding Market for Repairs and Maintenance ( WIP) 2011 Global World Arc welding Equipment and Filler Metals Market (WIP) 2011 Global• Arc Welding World Solid Wires Welding Market Systems Global Welding Equipment and Consumables Market for Power 2011 Global• Resistance Industry ( wind, thermal, hydro and nuclar power) Welding 2011 CEO 360 degree perspective on welding /Megatrends in joining Global• Laser and Hybrid technologies Welding 2011 An analysis of the Environmental Hazards and Safety Procedures in the Global welding Industry• Welding Consumables 2011 Global World Aluminum Welding Market (WIP)• Mechanised Cutting 2011 Global World Stick Electrode Market• Welding Applications Markets 14
  15. 15. Next Steps Request a proposal for Growth Partnership Services or Growth Consulting Services to support you and your team to accelerate the growth of your company. (enquiries@frost.com) Join us at our annual Growth, Innovation, and Leadership 2011: A Frost & Sullivan Global Congress on Corporate Growth occurring 25 August, Cape Town (www.gil-global.com/africa/) Register for Frost & Sullivan’s Growth Opportunity Newsletter and keep abreast of innovative growth opportunities (www.frost.com/news) 15
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  18. 18. For Additional InformationChiara Carella Archana ChauhanCorporate Communications Director Program ManagerEurope Industrial Automation and Process+44 (0) 207 343 8314 Controlchiara.carella@frost.com +48 (0) 22 3904152 Archana.chauhan@frost.com Muthukumar .V Research Director Industrial Automation and Process Control +44 (0) 207 9157804 muthukumarv@frost.com 18