Soldering Equipment Market Size is expected to cross USD $911.3 million by 2030 at a CAGR of 9.56% during the forecast period 2022-2030
The Soldering Equipment Market Size is expected to reach the Soldering Equipment Market Share value of USD 911.3 Million by the end of the Soldering Equipment Market Analysis, registering a CAGR of 9.56% during the forecast period. Soldering equipment is used to melt solder around the gap between two or more electrical elements. A molten mixture of lead, tin, silver, and brass is known as solder. Automotive, energy & power, aerospace & defense, communication, and electricals & electronics are just a few of the industries that require soldering equipment. Infrared reflow, hot gas convection, and vapor phase reflow are the three types of soldering equipment.
Soldering stations are soldering devices that are used to solder electronic equipment while soldering accessories are items that are used to hold the equipment in place while soldering is being done. To solder electrical components, soldering stations and accessories are utilized together. In the electrical and electronics industries, soldering stations and accessories are widely used. Soldering is employed in a variety of applications, including cell phones, musical instruments, medical devices, and electronic devices. The use of a power station to allow the growth of retail channels and service markets has resulted from the rapid growth of the electronics sector. The rising industrialization and advanced use of soldering in many types of machinery are also beneficial for retail channels and accessory Soldering Equipment Market Growth during the Soldering Equipment Market Analysis period.
Due to the lockdowns implemented in the majority of countries, the soldering equipment market has seen a negative influence on product demand in recent months resulting in negative Soldering Equipment Market Size and Soldering Equipment Market Share. Since the pandemic's breakout during the historic forecast period, these lockdowns have caused a temporary halt in the production of soldering equipment. Electrical pieces are fused using soldering tools to produce an electrical connection. Electrical items are soldered together using a molten combination of lead and tin and a soldering iron. Soldering equipment is utilized in a wide range of applications, including plumbing, electronics, metals, jewelry, and musical instruments. Depending on the soldering filler, such as tin-lead alloy, brass, or silver alloy, it is used. Soldering irons, soldering stations, soldering tips, wave soldering equipment, soldering iron stands, and induction soldering equipment are the basic soldering tools and equipment necessary for soldering projects. The COVID-19 epidemic has had a detrimental influence on the soldering equipment market; however, demand for these items is expected to recover in the following months as numerous governments plan to gradually lift the lockdowns.
Soldering Equipment Market Key Players in the soldering stations and accessories market are developing more advanced and high-quality goods as new technologies are launched. During the historic forecast period, a slew of new products hit the market. These products are technologically innovative and have unique features. Sleep and hibernation functions are among the distinctive features of JBC stations. When the tool is not in use, this function helps to lower the tip temperature. As a result, you can use the tip up to five times more than you normally would. The majority of electronics are projected to be increasingly compact, and there is a growing desire for smaller devices, which Soldering Equipment Market enables. Even though these devices are not as large as prior models, they have a significantly higher component density and more connections per component. This means that electronics can be more advanced and efficient than ever before while maintaining the smallest possible form factor. The fact that components can be placed on either side of the circuit board simplifies things even further. Fewer holes must be drilled into the boards, resulting in faster and more automated assembly procedures. All of this translates to less time spent setting up and producing, as well as a reduced cost.
Due to the high cost of soldering stations and accessories, adoption of soldering stations and accessories is low in several developing nations. This could be one of the factors preventing the market for soldering and accessories from expanding. Buyers frequently consider various factors before purchasing a soldering station and accessories.
Soldering stations are critical components in the electronics industry. Soldering stations are commonly used in the soldering of Printed Circuit Board (PCB) components. Machines carry out this process, but the repair needs are done manually. In the last several years, there has been some technological improvement in soldering stations. These technology improvements are assisting businesses in operating more smoothly and efficiently increasing the Soldering Equipment Market Growth. Electronic device demand is fast expanding in today's globe, which is helping the semiconductor sector thrive. This expansion can be viewed as the driving force behind the market for soldering stations and accessories. However, the product's poor quality may stifle the market for soldering stations and accessories. Due to fast industrialization and increased manufacturing of electronic devices and printed circuit boards, the soldering equipment market is expected to rise significantly in the future years (PCBs). Many industries have adopted new technologies and electrification to improve their overall performance in terms of output and energy efficiency as a result of rapid technological breakthroughs. The key reasons driving demand for new and improved electrical devices are urbanization and rising per capita disposable income among consumers.
The Soldering Equipment Market is further bifurcated into various segments depending on various factors to help the market grow as per the predicted CAGR growth by the end of the Soldering Equipment Market Forecast period in 2027. The market has been segmented based on the following:
Based on the Type, the market has been segmented as follows:
Based on the Application, the market has been segmented as follows:
Based on the region, the market has been segmented as follows:
Due to the massive population base and increasing economies of China, India, Japan, and Thailand, the Asia-Pacific soldering equipment market are likely to have the highest share throughout the forecast period. Due to rising per capita disposable income and the developing automotive and consumer electronics sectors, China is likely to occupy the greatest share of the Asia-Pacific soldering equipment market, which is expected to rise significantly throughout the review period. Furthermore, governments' increased focus on expanding industrial facilities in rising nations such as India and China is supporting the region's dominance in the soldering equipment market. 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. Because of its sophisticated economy and rising industries such as consumer electronics and aerospace and defense, the United States dominated the North American soldering equipment industry.
The Major Players continue to innovate and invest in R&D to offer a cost-effective product selection. There have been recent mergers and acquisitions among the major players, a tactic used by businesses to expand their consumer base. The major Soldering Equipment Market Key Players are as follows:
Metcal Inc., a market leader in soldering stations and accessories, has introduced new items to complement its existing offerings. Connection Validation (CV) soldering station is the company's most inventive product. The quality of the solder joint can be measured using a connection validation soldering station.
Metcal Inc. also produced a solder tip cleaning to go along with the connection validation soldering station. This solder tip cleaning removes excessive oxidation, extending the life of the tip. When the AC-STC solder tip is put in the space provided, it automatically activates, saving the operator time.
The report provides an analytical portrayal of the Soldering stations and accessories market, as well as current trends and future projections, to identify the most promising investment opportunities. The study also includes data on major drivers, restraints, and opportunities, as well as a complete market share analysis. To illustrate the industry growth situation, the current market is quantitatively examined. The research includes a full market analysis of soldering stations and accessories based on competitive intensity and how the competition will evolve in the future years.
|CAGR||9.56% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Ersa GmbH, Pillarhouse International Ltd., RPS Automation LLC, FLASON ELECTRONIC CO. LIMITED, JBC S.L, SEHO Systems GmbH, ACE Production Technologies, Inc., Blundell Production Equipment Ltd, American Hakko Products, Inc., JUKI Automation, PACE Europe Ltd., The Harris Products Group, Inductelec Limited, JAPAN UNIX Co. Ltd, and RADYNE CORPORATION|
|Key Market Opportunities||
|Key Market Drivers||
The key factors influencing the global soldering equipment market’s growth are termed to be swelling investment for an expansion of fabrication and manufacturing activities and new government initiatives for infrastructure development.
RPS Automation LLC, Ersa GmbH, SEHO Systems GmbH, The Harris Products Group are the top soldering equipment key players in the global market.
At 9.56% CAGR, the global soldering equipment market will grow in the future.
The global soldering equipment market will observe growth between 2020 and 2027.
The global soldering equipment market will be gaining valuation up to USD 3 Billion by 2025.