Global Soldering Equipment Market by Type, Application, Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
Soldering Equipment Market size was valued at USD 769.26 Mn. in 2023 and the total revenue is expected to grow at 9.2% CAGR through 2024 to 2030, reaching nearly USD 1424.40 Mn.
Soldering Equipment Market Overview
The components of printed circuit boards are soldered using selective soldering equipment. Flow soldering is a form of soldering in which the electronic components are soldered on both sides of the printed circuit board system using through-hole technology. Selective soldering is used on molded modules that could be harmed by the heat generated by wave soldering. Selective soldering is a low-cost way to attach electronic components to printed circuit boards. The selective soldering equipment market is predicted to grow in the future due to the numerous advantages of selective soldering over traditional hand soldering. The market for selective soldering equipment is expected to be driven by the rising demand for printed circuit boards in the electronics industry.
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Soldering Equipment Market Dynamics
Increased use of selective soldering equipment is projected to result from the growth of the electronics sector as a result of developments in IoT and rising demand for technologically advanced electronic items. Equipment for selective soldering is less expensive and requires less maintenance. When compared to traditional manual soldering, they perform better and function more effectively. The global selective soldering equipment market is likely to be driven by low operating costs, simple processing, and economical component parts. Surging investment for expansion of fabrication and manufacturing activities, as well as new government initiatives for infrastructure development, are described as important drivers affecting the worldwide soldering equipment market's growth.
The top three companies in the global soldering equipment market are Kurtz Ersa, Pillarhouse International Ltd., RPS Automation LLC. According to data in 2021 kurtz ersa generates annual revenue of $14.26 million in sales (USD). To stay competitive and grow their various consumer bases, these companies are focusing on extending and improving their product portfolios and services. These companies also use methods like partnerships and collaborations to grow their commercial operations and consumer bases in order to strengthen their market positions.
Soldering Equipment Market Segment Analysis
Based on type, Global Soldering Equipment market is segmented into reflow soldering, Induction soldering, Hot-bar reflow, laser soldering, Aluminium soldering. Among these, the reflow soldering segment dominated the market and was valued at USD 151.2 million in 2021. It is expected to grow at a highest CAGR of 11.10% during the forecast period.
Based on application, Global Soldering Equipment Market is segmented into Consumer’s electronics, networking & communication, automotive, aerospace & defence laser soldering. Among these applications, the consumer electronics segment is expected to grow at a highest CAGR of xx% during the forecast period. By 2023, annual sales of consumer electronics are estimated to surpass $2.9 trillion. Consumer electronics are the equipment used on daily basis.
Soldering Equipment Market Regional Insights
Asia-Pacific region is expected to hold the highest share of xx% in the soldering equipment market by 2030, thanks to the large population base and increasing economies of China, India, Japan, and Thailand. Due to rising per capita disposable income and the growing automotive and consumer electronics sectors, China is likely to have the highest share of the market in Asia-Pacific and grow at a quick rate over the forecast period. North America is the second-largest regional market for soldering equipment, with significant growth projected due to the region's high demand for electronic equipment. The United States dominated the North American soldering equipment industry thanks to the established economy and rising industries such as consumer electronics and aerospace and defense. According to 2018 data, the annual revenue of Ersa GmbH Company is approximately 109.83 million USD.
The objective of the report is to present a comprehensive analysis of the Global Soldering Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by Deployment, price, financial position, Deployment portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.
Soldering Equipment Market Scope: Inquire before buying
| Global Soldering Equipment Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 769.26 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 9.2% | Market Size in 2030: | USD 1424.40 Mn. |
| Segments Covered: | by Type | On reflow soldering Induction soldering Hot-bar reflow laser soldering Aluminum soldering |
|
| by Application | Consumers Electronics Networking & communication Automotive Aerospace & Defense laser soldering |
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Soldering Equipment Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Soldering Equipment Market, Key Players
1.Ersa GmbH
2.Pillarhouse International Ltd
3.RPS Automation LLC
4.FLASON ELECTRONIC CO. LIMITED
5.The Harris Products Group
6.RADYNE CORPORATION
7.JBC S.L
8.SEHO Systems GmbH
9.ACE Production Technologies, Inc.
10.Blundell Production Equipment Ltd
11.American Hakko Products, Inc.
12.JUKI Automation
13.PACE Europe Ltd.
14.Inductelec Limited
15.JAPAN UNIX Co. Ltd
Frequently Asked Questions:
1. Which region has the largest share in Global Soldering Equipment Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What is the growth rate of Global Soldering Equipment Market?
Ans: The Global market is expected to grow at a CAGR of 9.20% during forecast period 2024-2030.
3. What is scope of the Global Soldering Equipment market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Soldering Equipment market?
Ans: The important key players in the Global market are – Ersa GmbH, Pillarhouse International Ltd, RPS Automation LLC, FLASON ELECTRONIC CO. LIMITED, The Harris Products Group, RADYNE CORPORATION, JBC S.L, SEHO Systems GmbH, ACE Production Technologies, Inc., Blundell Production Equipment Ltd, American Hakko Products, Inc., JUKI Automation, PACE Europe Ltd., Inductelec Limited, and JAPAN UNIX Co. Ltd
5. What is the study period of this market?
Ans: The Global Soldering Equipment Market is studied from 2023 to 2030.