Industrial Laser Systems Market to Reach $3.8 Billion by 2030, Driven by Asia Pacific Growth Despite Pandemic Setbacks

The global industrial lasers systems market size was $1.6 billion in 2021 and is forecast to reach $3.8 billion by 2030, growing at a CAGR of 8.8%.
Growth is driven by demand from automotive, electronics, and other industries for laser applications like cutting, welding, additive manufacturing, etc.
Asia Pacific is expected to see the highest growth due to industrialization in China and India. China is forecast to be the largest market.
COVID-19 negatively impacted growth as key end-user industries like automotive and electronics were affected.
Key players in the market include Amonics, Apollo Instruments, Coherent, IPG Photonics, Jenoptik Laser, and TRUMPF.

benzinga.com

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8/24/2023

Global Ethylene Oxide Market Trends and Opportunities 2023-2028: The Rise of Bio-Derived Ethylene

The global ethylene oxide market is projected to grow at a CAGR of over 3% during the forecast period, driven by factors such as increased usage of PET in the food and beverage industry, rising demand for household and personal care products, and growing need for antifreeze agents. The market experienced negative impacts from COVID-19 in 2020 but rebounded in 2021 and is expected to grow moderately in the years ahead, with Asia-Pacific leading in market share and growth.

9/4/2023

Global Industrial and Institutional Cleaning Chemicals Market Set to Reach $77.84 Billion by 2030, Driven by Hygiene Awareness

The global industrial and institutional cleaning chemicals market is projected to grow at a CAGR of 5.2% from 2022 to 2030, reaching approximately $77.84 billion, driven by increased awareness of health and hygiene, as well as the demand for eco-friendly and sustainable products.

9/4/2023

Electrical And Electronics Industry's Top Trending Markets - By The Business Research Company

The Business Research Company's global market reports predict that the electrical and electronics market will reach $4,986.91 billion by 2027 with a compound annual growth rate (CAGR) of 7.5%, driven by innovations in electronics technology.

9/13/2023

Global Clinical Nutrition Products Market Size Grows Steadily, Driven by Major Players Like Bausch & Lomb and Regional Demand

The global Clinical Nutrition Products Market is expected to experience significant growth by 2031, with an estimated CAGR that will reach USD million.

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Posted 9/14/2023, 12:18:09 PM

Industrial Laser Systems Market to Reach $3.8 Billion by 2030, Driven by Asia Pacific Growth Despite Pandemic Setbacks

The global industrial lasers systems market size was $1.6 billion in 2021 and is forecast to reach $3.8 billion by 2030, growing at a CAGR of 8.8%.
Growth is driven by demand from automotive, electronics, and other industries for laser applications like cutting, welding, additive manufacturing, etc.
Asia Pacific is expected to see the highest growth due to industrialization in China and India. China is forecast to be the largest market.
COVID-19 negatively impacted growth as key end-user industries like automotive and electronics were affected.
Key players in the market include Amonics, Apollo Instruments, Coherent, IPG Photonics, Jenoptik Laser, and TRUMPF.

benzinga.com

Relevant topic timeline:

8/24/2023

Global Ethylene Oxide Market Trends and Opportunities 2023-2028: The Rise of Bio-Derived Ethylene

9/4/2023

Global Industrial and Institutional Cleaning Chemicals Market Set to Reach $77.84 Billion by 2030, Driven by Hygiene Awareness

9/4/2023

Electrical And Electronics Industry's Top Trending Markets - By The Business Research Company

9/13/2023

Global Clinical Nutrition Products Market Size Grows Steadily, Driven by Major Players Like Bausch & Lomb and Regional Demand

The global Clinical Nutrition Products Market is expected to experience significant growth by 2031, with an estimated CAGR that will reach USD million.