Top 5 Companies in India by Net Sales from Electrodes & Welding Equipment Sector (March 2024 update)

The welding electrode and welding equipment sector refers to the firms that transmit energy or bind metals. Welding electrodes are an essential part of the welding process because they provide the heat required to fuse metals. By 2030, the size of the welding electrode market is projected to grow around USD 8.69 billion market from its estimated USD 5.45 billion in 2023 at a 7.9% compound annual growth rate.

The growth of the global manufacturing industry and increasing industrialization are fueling the demand for welding electrodes. Welding is necessary for the production of machinery, cars, and other equipment, which in turn increases the demand for welding electrodes. The use of welding electrodes is expanding in various industries, including construction, oil and gas, and automotive sectors. In the upcoming years, the market is anticipated to grow due to the high demand for low-hydrogen electrodes. The use of low-hydrogen electrodes lowers the possibility of cracking and other flaws in the welded joint by producing high-quality welds with a low hydrogen content. These electrodes are ideal for critical applications like pressure vessels, oil and gas pipelines, and nuclear power plants.

For example, Bohler Welding, a Voestalpine AG subsidiary, introduced a new line of low-hydrogen welding electrodes for the oil and gas sector in February 2021. The new electrodes are made to work exceptionally well in difficult conditions, like high-pressure and sour gas applications.

List of Top 5 Electrodes & Welding Equipment in India (BSE) based on Net Sales.

Company Name Net Sales (Rs. cr)
Esab India 1,090.80
Ador Welding 776.76
GEE 395.66
Ador Fontech 207.78
D & H India 138.6
Source: BSE, India, last updated 04 March, 2024

This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:

Reference:
1. Bala, Y. G., & Rajendran, D. K. (2024). Global Welding Market Growth. Automation in Welding Industry: Incorporating Artificial Intelligence, Machine Learning and Other Technologies, 229-243.
2. Springer, H., Souza Filho, I. R., Choisez, L., Zarl, M. A., Quick, C., Horn, A., & Schenk, J. (2024). Iron ore wires as consumable electrodes for the hydrogen plasma smelting reduction in future green steel production. Sustainable Materials and Technologies, 39, e00785.
3. Vaish, A. K., Patel, R., Chauhan, B. J., Kahar, S. D., Bhojani, A., Bhaisaheb, K. M., & Narayana, K. (2024). Welding of Steel-Its Mechanism and Applications in Multiple Sectors. Indian Welding Journal, 57(1).
4. Bala, Y. G., Santhi, B., & Dinesh Kumar, R. (2024). Sustainability in Welding Industries. Automation in Welding Industry: Incorporating Artificial Intelligence, Machine Learning and Other Technologies, 215-228.

Disclaimer: This news is for information and research purposes only. It is not intended for financial advice.
Declaration of competing interest: Publisher and owner of this web-portal hereby declare that there is no competing interest.

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