The U.S. engine-driven welder market is projected to generate $185.8 million revenue by 2030, advancing at a CAGR of 4.8% during 2021–2030. Key factors driving the market include the increasing demand for engine-driven welders for dual operations in the mining sector and pipeline applications and growing construction sector.
The spread of the virus and the measures put in place to control it have impacted U.S. oil & gas pipeline operations. Pipelines are essential not only for providing liquid fuel for transportation and natural gas for consumer and industrial uses, but also as a critical source of fuel for power plants. National organizations, such as the Association of Oil Pipe Lines (AOPL) and the Interstate Natural Gas Association of America (INGAA), along with its members, took several measures to minimize the health risks for employees, which further hampered the pipeline sector in the country. Therefore, the demand for a range of equipment used in such applications reduced, thereby negatively impacting the U.S. engine-driven welder market.
Diesel-operated engine-driven welders are predominantly used in refineries, owing to the low cost of diesel. Whereas, the demand for gasoline-operated welders is expected to rise in states with cold weather, owing to the easy ignition of the fuel.
On the basis of application, the construction sector is expected to generate a significant demand for engine-driven welders in the country. These machines are majorly used for welding metal structures and providing power to run jobsite tools. They have applications in railroad construction, heavy machinery operations, construction equipment repair, and several other aspects of the construction sector.
Roads, bridges, airports, and transit systems in the U.S. are in need of massive repairs and restoration. The country must increase its infrastructure investment from 2.5% to 3.5% of its GDP by 2025 in order to improve their conditions. This, in turn, is expected to boost the demand for engine-driven welders.
In addition, with the increasing investments in the E&P sector of the country, the construction of pipelines for the transportation of crude oil is expected to increase, thereby creating a huge demand for engine-driven welders.
Players in the U.S. engine-driven welder industry have been involved in product launches and acquisitions to remain competitive. For instance, in February 2022, Lincoln Electric Holdings Inc. expanded the capabilities of the PIPEFAB Welding Platform with a software update.
Moreover, in April 2021, Lincoln Electric Holdings Inc. acquired Zeman Bauelemente Produktionsgesellschaft m.b.H. (“Zeman"), a designer and manufacturer of robotic assembly and arc welding systems.
The major players operating in the U.S. engine-driven welder market are Tomahawk Power LLC, The ESAB Group Inc., Lincoln Electric Holdings Inc., Miller Electric Mfg. LLC, Denyo Co. Ltd., Hobart Welding Products, and Multiquip Inc.