Laser Cleaning Market Key Manufacturers Analysis & Growth Forecast 2023


Posted October 18, 2022 by avinashgogawale14

By 2023, the Laser Cleaning Market, which had a 2017 value of USD 551.1 million, is expected to have grown at a CAGR of 4.22% to reach USD 723.9 million.
 
By 2023, the Laser Cleaning Market is anticipated to be worth USD 723.9 Million, expanding at a CAGR of 4.22%. The market is expanding due to the preference for laser cleaning over traditional methods and the rising demand for laser cleaning in a variety of applications.

The high power and high beam quality (M2) values of the cleaning lasers used in automotive, aerospace, and aircraft applications provide larger spot diameters and a greater depth of focus. Laser cleaning systems can have a power range of 20 W to 1000 W, depending on the part that needs to be cleaned and the material that needs to be removed.

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The development of 4 kW laser cleaning equipment will increase the range of applications. High-power laser cleaners are integrated into 24/7 production facilities with a high level of automation, whereas low-power laser cleaners are typically portable and ideal for handheld use. The main tactic used by major players between 2015 and 2017 to expand in the Laser Cleaning Market was product launch. These tactics were mostly used by market participants to broaden their clientele, product offering, and distribution system. The US-based IPG Photonics, US-based Coherent, German-based Trumpf, and US-based Adapt Laser Systems are the major participants in the solid laser market.

Solid lasers are among the laser types that are anticipated to expand at a faster CAGR during the projection period. The capacity of solid lasers to reduce material wastage when in the active medium and provide both continuous and pulsed output at a better efficiency is probably the source of the growth. Zero waste material manufacturing, accessibility, and use in industrial settings like nuclear reactors and power plants are a few of the primary benefits. Other applications include restoring art and heritage buildings.

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On the basis of laser types, the laser cleaning market has been divided into solid and gas lasers. YAG and fibre lasers are included in the solid lasers category. The US-based IPG Photonics, US-based Coherent, German-based Trumpf, and US-based Adapt Laser Systems are the major participants in the solid laser market (US). The YAG laser segment dominates the market because it is widely employed in cleaning and other material processing applications. Examples of widely used YAG lasers are Nd:YAG, flash-pumped Q-switched Nd:YAG, arc-lamp pumped Q-switched Nd: YAG, and diode-pumped Q-switched Nd: YAG. YAG lasers are essential for cleaning parts that have mineral oils and grease applied as lubricants or anti-corrosives in the precision mechanical industry. The leftover pollution is almost completely eliminated by the laser cleaning technique.

During the projection period, APAC had the fastest growth rate. The rising use of laser cleaning in the automotive parts and aircraft maintenance industries can be credited with the expansion of this market in Asia Pacific. The booming infrastructure industry in the region is another factor fueling the expansion of the laser cleaning market in APAC.

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Last Updated October 18, 2022