India micro welding market is estimated to grow at a significant CAGR during the forecast period. Expansion of automobile and electronics production is the major factor contributing to the market growth in the country. As per the India Brand Equity Foundation (IBEF), domestic production of automobiles grew at nearly 2.4% CAGR during the period, 2016-2020 with nearly 26.4 million vehicles being produced in the country in 2020. Foreign automobile companies are expanding their production base in the country. Foreign companies are expanding their production facilities in this region owing to the availability of low-cost labor and raw material in the country. Increasing FDI approval is supporting the entrance of international automobile firms in the region, which is leading the adoption of micro welding machines owing to their benefits over other joining processes. 

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India micro welding market is segmented on the basis of type and application. Based on the type, the market is segmented into micro resistance welding, micro pulse arc welding, and others. Further, on the basis of application, the market is segmented into electrical & electronics, medical, automotive, aerospace & defense, telecom, and others. The expansion of the electronics industry in the country tends to drive the segmental growth of the market. 

As per the India Brand Equity Foundation (IBEF), production of electronics hardware in India rose from $31.13 billion in 2014 to $65.53 billion in 2019. Further, as per the Department for Promotion of Industry and Internal Trade (DPIIT), during the period, April 2000-March 2020, in the electronics sector, the inflow of foreign direct investment (FDI) stood at $2.8 billion. The increasing production of electronics products is driving the demand for micro welding machines as these are widely used for myriad electrical connections, fine wire welding, circuit board traces, wire termination, printed circuit board (PCB) repair, pencil coils, hot bar-reflow soldering, and more.

Companies operating in the market include Micro Weld India, Crux Industrial Equipment Pvt Ltd., Electro Plasma Equipments Pvt Ltd., Ador Welding Ltd., and Electroweld Industries. Micro Weld India is a manufacturer, supplier, importer, and distributor of metal inert gas (MIG) welding equipment, ARC welding machine, TIG welding machine, welding equipment, and stainless-steel electrodes. The Group is engaged in the production of welding machines, welding electrodes, and welding accessories. Crux is engaged in the production and distribution of a range of MIG Welding Machine, Inverter Arc Welding, Inverter TIG Welding, and more.

Research Methodology

The market study of the India micro welding market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for electron beam welding machine manufacturers, raw material suppliers, contract manufacturers, distributors, traders, industry associates & experts, government organizations, and other market participants for overall market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• India Micro Welding Market Research and Analysis, By Type
• India Micro Welding Market Research and Analysis, By Application

The Report covers:

• Comprehensive research methodology of the India micro welding market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the India micro welding market.
• Insights about market determinants which are stimulating the India micro welding market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.