Global Soldering Equipment Market Trends, Demand and Forecast To 2025
Posted by Rishikesh Kurane on October 24th, 2019
Soldering Equipment Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2025. Soldering Equipment Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2025.
Soldering equipment is designed for joining two or more electronic parts together by melting solder around the connection. The solder is a molten mixture of lead, tin, silver, and brass with a soldering iron used to join electrical parts together. The soldering equipment is used across various end-use industries such as automotive, energy and power, aerospace and defense, communication, and electric and electronic. The basic tools required for soldering projects are soldering iron, soldering station, soldering tip, and soldering iron stand.
The study was conducted using an objective combination of in-depth primary and secondary information including inputs from various key participants in the industry. The report contains a detailed segmentation with comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Segmentation of Soldering Equipment Market
The global soldering equipment market is segmented based on process, application, distribution channel, and region. Based on process, the global market has been segmented into soft and hard soldering. Based on application, the global market has been segmented into networking and communication, consumer electronics, automotive, aerospace and defense, and others. Based on distribution channel, the global market has been segmented into online and offline.
Regional Analysis of Soldering Equipment Market
In terms of region, the global market for soldering equipment is segmented into– North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to hold the largest share in the global soldering equipment market throughout the forecast period owing to the increase in foreign investments in developing electric vehicle charging infrastructure due to large population base and growing economy from China, Indonesia, and Thailand is expected to increase the demand and sale of soldering equipment. In the soldering equipment market in Asia-Pacific, China is expected to hold the largest share and expected to grow at a rapid pace over the forecast period due to the growing disposable income and growing automotive and consumer electronics sector.
North America is expected to witness significant growth for the soldering equipment market. The presence of major players such as ACE Production Technologies, RPS Automation LLC., and American Hakko Products in the US are expected to support the growth of the market during the forecast period. The US is the leading markets in North America over the forecast period due to increasing investment for the development of e-commerce sector and growing healthcare and aerospace and defense industries.
The soldering equipment market in Europe is expected to witness significant growth due to the presence of many developed nations and their willingness to adopt new technologies. In Europe soldering equipment market, the UK is projected to witness significant growth over the forecast period due to growing demand for soldering iron from automotive, electronics, and construction sector.
Scope of the Report
This study provides an overview of the global soldering equipment market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global soldering equipment market by process, application, distribution channel, and region.
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About the AuthorRishikesh Kurane
Joined: May 4th, 2018
Articles Posted: 1,128
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