Pune, Maharashtra Feb 23, 2019 (Issuewire.com) - Global Laser Cleaning Industry was valued at USD 555 Million in the year 2017. Global Laser Cleaning Industry is further estimated to grow at a CAGR of 4.4% from 2019 to reach USD 853.05 Million by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, developed industries like the U.S as well the emerging industries like China with highest population base holds the notable Industry share in 2017 and it is projected to grow at a gradual rate in the coming years.
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Major market players in Laser Cleaning Industry are General Lasertronics Corp., Coherent Inc., Clean Lasersysteme GmbH, TRUMPF, Laser Photonics, IPG Photonics Corp., Laserax, Advanced Laser Technology Ltd (ALT), Arcs-Anilox Roll Cleaning Systems Inc., White Lion Dry Ice & Laser Cleaning Technology, and other 10 companies brief information is provided in the report. Technological upgradation to cater to changing demand of end users, similarly, growth strategies such as acquisition & merger were few techniques adopted by most of the top players in the last 5 years.
The SWOT analysis of Laser Cleaning Industry:
Strength:
Rising automotive industry enhancement of the laser cleaning Industry
Weakness:
Lack of expertise
Opportunities:
Growing demand for laser cleaning across numerous applications
Threats:
Technical Complications in High-Powered Lasers
Segmentation done on the basis of Laser type includes solid lasers and gas lasers of which the solid lasers segment is expected to hold the highest Industry share during the forecast period. On the other hand, segmentation done on the basis of Application type includes Cleaning Process, Conservation & Restoration, and Industrial Usage of which Cleaning Process segment is expected to grow at the highest CAGR during the forecast period.
Laser Cleaning Industry Segmentation:
By Application
• Cleaning Process
• Conservation and Restoration
• Industrial Usage
By Laser Type
• Solid Lasers
• Gas Lasers
By Region
• North America
o USA
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• RoW
o Latin America
o Middle East & Africa
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