Global High Power Lasers Market Growth 2023-2029

Global High Power Lasers Market Growth 2023-2029

Product Code:454269

Published Date: Feb 08,2023

Pages: 103

Region: Global

Category: Machinery & Equipment

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High power lasers is a device that emits light through a process of optical amplification based on the stimulated emission of electromagnetic radiation. While in industrial applications refers to laser power with above 1000 watts.

LPI (LP Information)' newest research report, the “High Power Lasers Industry Forecast” looks at past sales and reviews total world High Power Lasers sales in 2022, providing a comprehensive analysis by region and market sector of projected High Power Lasers sales for 2023 through 2029. With High Power Lasers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Power Lasers industry.

This Insight Report provides a comprehensive analysis of the global High Power Lasers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Power Lasers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Power Lasers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Power Lasers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Power Lasers.

The global High Power Lasers market size is projected to grow from US$ 2110.1 million in 2022 to US$ 3541.2 million in 2029; it is expected to grow at a CAGR of 3541.2 from 2023 to 2029.

Global High Power Lasers key players include IPG Photonics, TRUMPF, Rofin, Coherent, Lumentum, etc. Global top five manufacturers hold a share over 80%.

Europe is the largest market, with a share about 45%, followed by North America and Asia (excluding China), both have a share over 40%. 
In terms of product, Fiber Lasers is the largest segment, with a share over 45%. And in terms of application, the largest application is Cutting, followed by Surface Treatment, Welding, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of High Power Lasers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    CO2 Lasers
    Solid-State Lasers
    Fiber Lasers

Segmentation by application
    Cutting
    Welding
    Drilling
    Surface Treatment
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    IPG Photonics
    TRUMPF
    Rofin
    Coherent
    nLIGHT
    Prima
    FANUC
    Lumentum
    Bystronic Laser
    Wuhan Raycus
    Han’s Laser

Key Questions Addressed in this Report
What is the 10-year outlook for the global High Power Lasers market?
What factors are driving High Power Lasers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do High Power Lasers market opportunities vary by end market size?
How does High Power Lasers break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?