Abstract
Extending the Range of Applications will Help Develop the European Laser
Welding Equipment Market Further
There is a diverse set of applications in laser welding but the laser welding
equipment market currently relies on limited number of applications for a
large slice of the revenue. Further penetration of the technology in new
applications will reduce the volatility of the market. The research service
covers the laser sources used in laser welding equipment, new applications
with good prospects, end-user structure, and the competitive structure of the
market in Europe.
Extensive Adoption in the Automotive Sector Drives the Market
More than one-third of CO2 laser sources and half of Nd:YAG laser sources used
for welding is purchased by automotive vehicle manufacturers and their
suppliers. The European market is expected to be worth $802.2 million by 2011.
The compound annual growth rate in the period 2004-2011 is expected to be 5.7
percent
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