The “Arc Welding Torch Market by Wear Parts (Gas Nozzles, Contact Tips, Electrodes), Cooling Type (Air-Cooled, Water-Cooled), End-Use Industries (Automotive, Construction, Power Generation), And Region – Global Forecast to 2029″, size is projected to grow from USD 2.7 billion in 2024 and is projected to reach USD 3.5 billion by 2029, at a CAGR of 4.7%. The global arc welding torch market has seen notable growth, primarily due to several key factors. Firstly, the expansion of the steel industry has been a significant driver, with arc welding torches being essential in steel fabrication processes. Additionally, increasing demand from end-use sectors like automotive and construction has boosted market growth, particularly in emerging economies such as China and India. These countries’ rapid industrialization and infrastructure development have further fueled demand. Moreover, the rise in offshore wind power generation capacities has provided another avenue for market expansion, with arc welding torches being crucial in the fabrication of wind turbine components. Overall, these factors combined have contributed to the market’s promising trajectory, with continued growth expected in the coming years.
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