Tuesday, 19 March 2019

Laser Cleaning Market Expected to Witness A Huge Growth globally

The laser cleaning market was valued at USD 551.1 Million in 2017 and is expected to reach USD 723.9 Million by 2023, at a CAGR of 4.22% during the forecast period. The base year considered for the study is 2017 and the forecast period is between 2018 and 2023.

Objectives of the Study:
  • To define, describe, and forecast the global Laser cleaning market segmented on the basis of laser type, application, and geography  
  • To forecast the size in terms of value and volume of the market segments with respect to four major regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)    
  • To provide detailed information regarding the major factors influencing the growth of the laser cleaning market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contribution to the total market  
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the Laser cleaning market
  • To analyze various strategies such as joint ventures, mergers and acquisitions, product launches, and research and development (R&D) in the Laser cleaning market       
The laser cleaning market, on the basis of region, has been segmented into North America, Europe, APAC, and RoW. North America is accounted for the largest share of the laser cleaning market in 2018, followed by Europe and Asia Pacific (APAC). The growth of this market in Asia Pacific can be attributed to the increased use of laser cleaning in automotive parts and aerospace maintenance sector. The growth in the market for laser cleaning in APAC is also driven by the soaring infrastructure market in the region. APAC, comprising countries such as China, Japan, India, and South Korea, is likely to account for a major share of the laser cleaning market in 2018. This market growth can be attributed to the increasing demand for lasers in cleaning of cultural sites and heritage properties, along with the industrial applications (power plants, nuclear plants, and refineries) in APAC.

Major players in the laser cleaning market include Coherent, Inc. (Coherent) (US), Trumpf Group (Trumpf) (Germany), IPG Photonics Corporation (IPG Photonics) (US), Adapt Laser Systems LLC (Adapt Laser) (US), and Clean Lasersysteme GmbH (Clean Lasersysteme) (Germany).

 
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