Soldering Equipment Market Size

Soldering Equipment Market Growth Projections and Opportunities

The global market for soldering equipment is set to grow a lot because more people want flexible and double-sided printed circuit boards (PCBs), especially for electric vehicles. Also, the demand for electronic stuff is going up in places like Germany and the Netherlands. The healthcare sector also needs more products, adding to the growth. A big reason for this growth is that governments are pushing for smart homes and smart cities, which need efficient PCBs and base circuitry. The global market for soldering equipment has been growing fast and is expected to reach USD 911.3 million by 2025, growing at a rate of 9.56% each year.

Choosing the right kind of soldering equipment has been a challenge for device makers because they are used in different ways for different things. Companies making soldering equipment are affected by how much automation is used in industries. In the Asia-Pacific region, about 42% of the people who use soldering equipment rent it because they need it for different jobs. Big companies like Orbotech and Fuji Corporation make a variety of products under different brand names. This helps them become more popular and offer things at lower prices.

The global market for soldering equipment is divided into types and uses. Based on types, the market is split into reflow soldering, induction soldering, hot-bar reflow, laser soldering, and mechanical and aluminum soldering. Reflow soldering is the most popular, making up USD 151.2 million of the market in 2019, and it's expected to grow the fastest at 11.10% each year. In terms of use, soldering equipment is used in consumer electronics, networking & communication, automotive, aerospace & defense, and other areas. Consumer electronics are expected to grow the most, at a rate of 11% every year.

The global market for soldering equipment is highly competitive, with many companies offering advanced and innovative products. Some of the main companies in this market are Ersa Gmbh, Pillarhouse International Ltd, RPS Automation LLC, Flason Electric Co Ltd, JBC SL, SEHO Systems GmbH, Ace Production Technologies Inc, Blundell Production Equipment Ltd, American Hakko Products Inc, Juki Automation, Pace Europe Ltd, Harris Product Group, Inductelec Ltd, Japan Unix Co Ltd, and Radyne Corporation. These companies use different strategies to grow, like improving their products, launching new ones, forming partnerships, and collaborating with others.