U.S. Engine-Driven Welder Market Analysis, Growth, Development and Demand Forecast to 2030

The growing requirement for engine-driven welders to suffice the dual purpose of producing power and welding in the mining industry and rising construction activities are driving the U.S. engine-driven welder market. Hence, equipment sales generated $122.3 million in 2021, and this number will likely grow to $185.8 million in 2030, with a 4.8% CAGR from 2021 to 2030. There has been a significant rise in the usage of improved engine-driven welders owing to manufacturing companies' development of small, light, and efficient products.

Due to the pacing up of mining activities across the country, the demand for such systems is likely to expand rapidly. The value of the raw mineral produced by the country in 2020 stood at $90,000 million, growing by another $10,000 million, or 10%, in one year. Moreover, a surge in the need to repair mining equipment propels the U.S. engine-driven welder market advance. Mining companies prefer such welders owing to their dual operational capability for prime and backup power supply, in addition to their primary purpose of welding.

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They are utilized to carry out mining machinery repairs and weld cracks. Engine-driven welders also provide power to other devices during the unavailability of a prime source of power in remote areas. Similarly, the oil & gas sector of the country, which has been steadily recovering since the lockdowns of 2020, requires these machines. In the end of 2021, the country had a pipeline network stretching across 2,069,740 km, which requires extensive repairs.

The construction sector also utilizes engine-driven welders for various purposes, concerning their dual usage. Therefore, as construction activities are likely to increase in remote areas without any surety of power availability, the U.S. engine-driven welder market will only grow. Due to their application for supplying power when there is no ensured availability of electricity and serving as a welding machine simultaneously, they have become widely common in construction sites.

Joe Biden, the U.S. president, has announced investments in various infrastructure projects post-pandemic, to strengthen the economy. The major projects announced include the construction of bridges, ports, airports, roads, electric vehicles, and public transit systems, which have together fetched an investment of $621 billion. Moreover, $300-billion investment has been planned for broadband networks, electricity grids, and potable water infrastructure. The Federal Government also plans to invest $400 billion for offering care to elderly and disabled Americans.

In 2021, diesel variants contributed almost 50% of the U.S. engine-driven welder market revenue. This is because diesel is the most-easily available fuel, leads to fewer GHG emissions than gasoline, and also offers more engine power. Oil & gas pipeline maintenance is being carried out using diesel-engine-driven welders as the fuel does not catch fire as easily, thus offering safety in the field. Therefore, equipment maintenance in remote chemical plants and mines is now being done with engine-driven welders fueled by diesel.

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The sales of engine-driven welders with a power output of 300 to 399 Amperes continues to rise in the country. The primary factor behind such U.S. engine-driven welder market growth in this category is their rising usage in the construction, pipeline, structural steelwork, and maintenance and fabrication applications. Farmers also widely use 300-399A engine-driven welders for equipment repair and fabrication applications. This is why this power rating category will likely witness the fastest growth, at a 5% CAGR, in the coming years.

Thus, the construction sector has benefitted the market due to the numerous infrastructure projects backed by the government of the country.

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Global Construction Equipment Market Report: https://www.psmarketresearch.com/market-analysis/construction-equipment-market

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