Expansion of automobile and electronics production is the major factor contributing to the market growth in the country. As per the India Brand Equity Foundation (IBEF), domestic production of automobiles grew at nearly 2.4% CAGR during the period, 2016-2020 with nearly 26.4 million vehicles being produced in the country in 2020. Foreign automobile companies are expanding their production base in the country. Foreign companies are expanding their production facilities in this region owing to the availability of low-cost labor and raw material in the country. Increasing FDI approval is supporting the entrance of international automobile firms in the region, which is leading the adoption of micro welding machines owing to their benefits over other joining processes.
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As per the India Brand Equity Foundation (IBEF), production of electronics hardware in India rose from $31.13 billion in 2014 to $65.53 billion in 2019. Further, as per the Department for Promotion of Industry and Internal Trade (DPIIT), during the period, April 2000-March 2020, in the electronics sector, the inflow of foreign direct investment (FDI) stood at $2.8 billion. The increasing production of electronics products is driving the demand for micro welding machines as these are widely used for myriad electrical connections, fine wire welding, circuit board traces, wire termination, printed circuit board (PCB) repair, pencil coils, hot bar-reflow soldering, and more.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
India Micro Welding Market by Type
- Micro Resistance Welding
- Micro Pulse Arc Welding
- Others
India Micro Welding Market by Application
- Electrical and Electronics
- Medical
- Automotive
- Aerospace and Defense
- Telecom
- Others
Company Profiles
- Ador Welding Ltd.
- Aircraft Plasma Equipments India Pvt Ltd.
- Crux Industrial Equipments Pvt Ltd.
- Electro Plasma Equipments Pvt. Ltd.
- ElectroWeld Industries
- Kriton Weld Equipments Pvt Ltd.
- Micro Weld India
- Sai Arc India Pvt. Ltd.
- Vigor Welding
- Weldarc India
The Report covers:
- Comprehensive research methodology of the India micro welding market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the India micro welding market.
- Insights about market determinants which are stimulating the India micro welding market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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