TMCnet News
Global and China Industrial Laser Industry Report, 2017-2021NEW YORK, July 24, 2017 /PRNewswire/ -- Industrial laser as the laser light generation and output device is the foundation of laser and its application technology. In 2016, global industrial laser market was worth USD3.16 billion, up 10.2% year on year, of which, the Chinese market reported RMB3.68 billion (approximately USD560 million), increasing by 11.7% year on year and accounting for roughly 17.7% globally. With the continuous development of industrial laser technology, China will see a steadily rising proportion of the global market, expected to exceed 20% in 2021. Third, China's continuous breakthroughs in fiber laser technology barriers. The successful development of 10000W laser fiber in 2013 reduced imported products' price from RMB5 million per unit to RMB3 million or more per unit. In 2016, 12000W fiber laser and 20000W fiber laser came out in succession, which brought another slump in the import price of related products. Fourth, extreme ultraviolet laser development boosted by EUV. Currently, EUV technology is advancing towards mass production and application, resulting in constant improvement in the productivity and availability of extreme ultraviolet laser equipment. Therefore, more semiconductor companies have begun to order EUV extreme ultraviolet lasers. As concerns market structure, global industrial laser market is currently dominated by TRUMPF and IPG, which claimed a combined market share of more than 50% in 2016; Coherent saw market share grow to about 10% upon the acquisition of Rofin. In China, Han's Laser leads the industrial laser market, gaining over 45% market share in China but less than 5% globally in 2016. By segment, the development of laser is mainly focused on semiconductor laser, fiber laser and disc laser. In the future, ultrafast laser will also be a rapidly growing segment of the market, with global market size expected to soar from USD450 million in 2015 to around USD1.5 billion in 2021 at a CAGR of 22.2% - higher than the average growth rate of industrial laser industry. The report mainly covers the following: Definition, classification, technical status and industrial chain of industrial laser; Market size, market structure, application status and competitive landscape of global industrial laser industry; Development environment, development status, market size, market structure, competitive landscape, import & export, market price and trends of China industrial laser industry; Overview, market size, application status and competitive landscape of industrial laser market segments e.g. CO2 laser, solid-state laser, fiber laser; Laser processing equipment market size, corporate pattern, segments, etc. Read the full report: http://www.reportlinker.com/p03637283/Global-and-China-Industrial-Laser-Industry-Report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/global-and-china-industrial-laser-industry-report-2017-2021-300493216.html SOURCE Reportlinker |