SIC 3548 - Electric And Gas Welding And Soldering Equipment
Establishments primarily engaged in manufacturing electric and gas welding and soldering equipment and accessories. Also included are establishments primarily engaged in coating welding wire from purchased wire or from wire drawn in the same establishment. Establishments primarily engaged in manufacturing handheld soldering irons are classified in Industry 3423, and those manufacturing electron beam, ultrasonic, and laser welding equipment are classified in Industry 3699.
Industry trends:
The Electric and Gas Welding and Soldering Equipment industry (NAICS 3548) is currently experiencing significant advancements and transformations driven by several key qualitative trends. There is a notable shift towards automation and the adoption of advanced technologies like artificial intelligence (AI) and robotics, which is enhancing precision and efficiency in welding and soldering processes. This trend is expected to continue, promoting the development of smart welding systems capable of performing intricate tasks with minimal human intervention.
Sustainability is another major trend influencing the industry. Companies are increasingly focusing on eco-friendly practices and materials, aiming to reduce the environmental impact of their operations. This includes the use of energy-efficient equipment and the adoption of green manufacturing processes.
Furthermore, there is growing demand for lightweight and high-strength materials, particularly in the automotive and aerospace sectors. Manufacturers are investing in research and development to innovate products that meet these requirements, which is likely to spur further advancements in welding and soldering technologies.
In terms of forecasts, the market is expected to see steady growth, driven by rising infrastructure development projects and the continuous need for maintenance and repair services across various industries. The integration of IoT (Internet of Things) and data analytics is anticipated to provide new opportunities, enhancing operational insights and predictive maintenance capabilities.
As the industry evolves, companies that embrace these technological advancements and sustainability practices are likely to gain a competitive edge, ensuring sustained growth and increased market share in the near future.
This industry is comprised of:
Arc-welder transformers (separate)
Arc-welders, transformer-rectifier
Arc-welding generators, a.c. and d.c.
Electrode holders for electric welding apparatus
Electrodes, electric welding
Gas welding equipment
Generators (separate) for arc-welders
Resistance welders, electric
Robots for welding, soldering, or brazing
Seam welding apparatus, gas and electric
Soldering equipment, except soldering irons
Spot welding apparatus, gas and electric
Transformers (separate) for arc-welding
Welding accessories, electric and gas
Welding and cutting apparatus, gas or electric
Welding wire, bare and coated
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- Total Assets
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