Laser Cleaning Market Overview, Analysis and Forecast 2023

Posted May 2, 2022 by avinashgogawale14

The Laser Cleaning Market was valued at USD 551.1 Million in 2017 and is expected to reach USD 723.9 Million by 2023, at a CAGR of 4.22% during the forecast period.

The Laser Cleaning Market is expected to be worth USD 723.9 Million by 2023, growing at a CAGR of 4.22% between 2018 and 2023. Preference toward laser cleaning over traditional approach and increasing demand for laser cleaning in various applications are propelling the market growth.

Lasers used in automotive, and aerospace and aircraft applications for cleaning have high-power and high-beam quality (M2) values, resulting in larger spot diameters and a deep depth of focus. Depending on the part to be cleaned and the material to be removed, laser cleaning systems can range in power from 20 W to 1000 W.

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Laser cleaning systems of 4 kW are also being developed to expand the application areas. Low-power laser cleaners tend to be portable and suitable for handheld usage, whereas laser cleaners of higher power are integrated into 24/7 production environments with a high degree of automation. Product launch is the key strategy adopted by key players between 2015 and 2017 to grow in the Laser Cleaning Market. These strategies were mainly adopted by the market players to expand their customer base, product portfolio, and distribution network. Major players in the solid laser market include IPG Photonics (US), Coherent (US), Trumpf (Germany), and Adapt Laser Systems (US).

Among laser types, solid lasers are expected to grow at a higher CAGR during the forecast period. The growth is likely because of the ability of solid lasers to prevent material wastage when in the active medium and produce both continuous and pulsed output at a higher efficiency. Some of the major advantages include Zero waste material production and ease of access, for a wide range of application areas such as art and heritage sites restoration and for use in industrial areas such as nuclear reactors and power plants.

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The Laser Cleaning Market, on the basis of laser types, has been segmented into solid and gas lasers. The solid lasers segment includes YAG and fiber lasers. Major players in the solid laser market include IPG Photonics (US), Coherent (US), Trumpf (Germany), and Adapt Laser Systems (US). The market is dominated by the YAG laser segment as YAG lasers that are extensively used are Nd:YAG, flash-pumped Q-switched Nd:YAG, arc-lamp pumped Q-switched Nd: YAG, and diode-pumped Q-switched Nd: YAG for cleaning and for other material processing applications. In the precision mechanical industry, YAG lasers play a crucial role to clean parts that have grease and mineral oils applied as lubricants or as anti-corrosives. The laser cleaning method reduces the residual contamination to practically zero level.

APAC held the fastest growth rate during the forecast period. The growth of this market in Asia Pacific can be attributed to the increased use of laser cleaning in automotive parts and aerospace maintenance sector. The growth in the market for laser cleaning in APAC is also driven by the soaring infrastructure market in the region.

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Categories Business , Industry , Semiconductors
Tags laser cleaning market
Last Updated May 2, 2022