Global Inverter Welding Equipment Market Size to worth USD 8.11 Billion by 2033: Market Statistics Report

Global Inverter Welding Equipment Market Size to worth USD 8.11 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Inverter Welding Equipment Market Size is Expected to Grow from USD 4.69 Billion in 2023 to USD 8.11 Billion by 2033, at a CAGR of 5.63% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Inverter Welding Equipment Market Size, Share, and COVID-19 Impact Analysis, By Type (Manual Arc Welding and Mechanized Arc Welding), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033. 

Inverter welding equipment refers to the kind of welding machine using inverter technology in the transformation of incoming electrical power to be able to provide a usable welding current. The application of inverter technology, on its part, creates welding machines more compact, efficient, and lighter compared to a transformer-based system. Inverter welding equipment is quite widely used in all types of welding applications such as arc welding, TIG welding, MIG welding, and stick welding because it gives precise control over the welding process, along with greater energy efficiency. These devices are more in terms of performance, portable, and user-friendly. Furthermore, the main drivers of growth in the inverter welding equipment market are the increasing demand for lightweight and energy-efficient welding solutions in industries like automotive, construction, and manufacturing. Furthermore, the growing infrastructure development and the increasing expansion of the energy sector have increased the adoption of advanced welding technologies. Technological advancements in inverter technology that enhance welding precision and efficiency play a key role in the expansion of the market. However, despite these driving factors, the inverter welding equipment market faces challenges, such as the high initial cost of advanced inverter-based systems compared to conventional models.

The manual arc welding segment is predicted to hold the greatest market share through the forecast period.

Based on the type, the inverter welding equipment market is classified into manual arc welding and mechanized arc welding. Among these, the manual arc welding segment is predicted to hold the greatest market share through the forecast period. This is primarily due to the widespread adoption and versatility of manual arc welding in various industries such as construction, automotive, and metalworking. The segment benefits from the simplicity of operation, lower initial investment costs, and the ability to perform a variety of welding tasks, making it particularly popular among small-scale operations and DIY enthusiasts.

North America is estimated to hold the largest inverter welding equipment market share over the forecast period.

North America is estimated to hold the largest inverter welding equipment market share over the forecast period. Growing Usage of inverter welding equipment is Projected to Drive the Demand in Important Application Industries Such as Aerospace, Automotive, Oil & Gas, and Power Generation. In North America, demand growth is rapid with a boost through industrial dynamism along with the availability of raw materials in all countries. Furthermore, the growing number of oil & gas plants in the U.S. and Canada is expected to grow the demand and the demand for inverter welding equipment in North America.

Asia-Pacific is predicted to have the fastest CAGR growth in the inverter welding equipment market over the forecast period. Growth of the Asian Economy through Rapid Urbanization and Higher Investment from Governments as well as a Rise in Consumer Spending Supports this Market, Pushing Construction Industry Infrastructure Development Economies such as China, India, and Japan are the most prominent countries in the growth of the oil & gas, automotive, aviation, and building & construction industries of this region.

Competitive Analysis

Major key players in the inverter welding equipment market are The Lincoln Electric Company, Ador Welding Limited, ESAB, Fronius International GmbH, voestalpine Böhler Welding Group GmbH, Panasonic Industry Co., Ltd., Miller Electric Mfg. LLC, Kemppi Oy, GYS, and Migatronic A/S.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In April 2024, Miller Electric Mfg. LLC recently showcased an innovation in the space of collaborative robotic welding systems. This machine incorporates a newly introduced welding power source called Auto Deltaweld. It comes in the air-cooled variant, and plans include fitting it into the water-cooled variant later in that same year.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the inverter welding equipment market based on the below-mentioned segments:

Global Inverter Welding Equipment Market, By Type

• Manual Arc Welding
• Mechanized Arc Welding

Global Inverter Welding Equipment Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa