U.S. Engine-Driven Welder Market Future Prospects
In 2024, the U.S. engine-driven welder market is valued at an estimated USD 138.6 million, and it is projected to progress at a CAGR of 5.0% during 2024–2030, to reach USD 185.8 million by 2030. The market is mainly driven by the increasing demand for engine-driven welders for dual operations in the mining sector, the rising need for them in pipeline applications, and the growing construction sector.
In the U.S., the demand for advanced engine-driven welders has witnessed a rise in recent years. Owing to this, manufacturing companies, such as Miller Electric Mfg. LLC and Lincoln Electric Holdings Inc., are developing products that are compact, lightweight, and easy to operate and have a lesser setup time.
The surging demand for these devices for dual operations in the mining sector is one of the major factors driving the U.S. engine-driven welder market. They are required to carry out repairs on mining machinery and remove cracks or damaged parts. In addition, they are required for powering other devices in the absence of prime electric power. Owing to the dual operating capabilities of these welders, mining companies strongly prefer them for a prime and backup power supply, as well as for metalworking purposes.
Mining activities in the U.S. take place on a large scale for the extraction of minerals and other geological materials. From 2022 to 2023, the value of the non-fuel minerals produced in the country rose from USD 101 billion to USD 105 billion, as per the U.S. Geological Survey. With the increase in mining activities, the demand for repairing mining equipment is likely to rise, which, in turn, is expected to create a high demand for engine-driven welders in the country.