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The welding controllers market will register a CAGR of more than 4% by 2022
[January 10, 2019]

The welding controllers market will register a CAGR of more than 4% by 2022

NEW YORK, Jan. 10, 2019 /PRNewswire/ -- About this market
Growing welding information management systems to drive growth in the market. The growing automation in the welding industry has given rise to welding information management systems that are being incorporated within the welding equipment. Technavio's analysts have predicted that the welding controllers market will register a CAGR of more than 4% by 2022.

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Market Overview
Growing adoption of automated welding
The welding industry is expected to be impacted significantly due to a positive outlook of the overall construction industry. Welding is used extensively in the construction industry, especially for the welding of structural steel.
Lack of awareness regarding automated welding
Automated welding solutions can ensure high levels of operational safety at low cost in tasks involving high risk. Howver, there is a major challenge in the adoption of this technology, owing to the lack of proper awareness regarding the deployment of robots for welding applications.

For the detailed list of factors that will drive and challenge the growth of the welding controllers market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Dengensha Manufacturing and TECNA the competitive environment is quite intense. Factors such as the growing adoption of automated welding and the growing welding information management systems, will provide considerable growth opportunities to welding controllers manufactures. ARO Welding Technologies, Bosch, Dengensha Manufacturing, and TECNA are some of the major companies covered in this report.

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