E Beam High Voltage Market Growth & Forecast

Market Insights

The E beam high voltage market is estimated to grow from USD 559.57 million in 2021 to USD 1251.41 million by 2028 at an impressive CAGR of 12.08% during the forecast period.

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What is E beam high voltage?

E beam high voltage technology is a high-technology power supply designed for use in E-beam applications. The electron beam (E-beam) technology uses the potential of electrons in industrial processing to attain excellent results. E beam processing involves the use of electrons of high energy to treat an object.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the E beam high voltage industry. Welding is mainly used in metal-making, automotive, aerospace, and foundry sectors, which were severely hit in the times of the COVID-19 pandemic. Most governments have enforced lockdown in their countries to curb the spread of the pandemic. This resulted in a temporary shutdown of activities in these sectors, which affected the product demand amid the pandemic.

Key Players

Some of the key players operating in the market are:

• Advanced Energy Industries (The U.S), Inc.,
• Excelitas Technologies Corp. (Canada),
• JEOL (Japan),
• BeamTec (UK),
• Spellman (The U.S),
• Theiseg Spezialelektronik GmbH (Germany), and
• Ferrotec (USA) Corporation (The U.S).

Market Dynamics

These factors are expected to boost the demand for market in the coming years:

• The growing use of the E beam high voltage (HV) technology in a variety of applications including cable isolation treatment, coating films, and welding is rising.
• Demand for E beam high voltage products is rising, as major companies are continuously innovating new technologies through strong R&D activities.
• High investments required E beam high voltage technology and volatile economic condition.

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Segments Analysis

Application Trends

The market is classified into welding, coating film, and others. The welding segment held a significant market share in 2021 and is estimated to register a healthy CAGR during the forecast timeline. Electron beam welding can be used for joining any metals including metals, which are difficult to weld by other methods– refractory metals (molybdenum, tungsten, niobium) and chemically active metals (zirconium, titanium, beryllium). Also, electron beam welding is also able to join dissimilar metals, which further boosts the segment progress.

Regional Analysis

The Europe market accounted for the largest share in 2021 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to increasing use of E-beam high voltage (HV) technology in a variety of applications, such as welding, cable isolation treatment, and coating films, in the region, further proliferates the regional market progress.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The E beam high voltage market is segmented into the following categories:

By type:

• ≤10KW
• >10KW

By application type:

• Welding
• Coating Film
• Others

By region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Target Audience

Here is the list of the group of customers that the E beam high voltage market hopes to have the greatest opportunity to convert-

• Vendors
• Retailers
• Welding companies
• Coating companies

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.