4/9/2023 0 Comments Laser cut 6.1 downloadLaser technology provides the application of solid and fiber lasers. However, regulatory compliances act as restraints for the market.The company anticipates the laser cutting industry to have 1.5X growth in the coming years. Most of the machinery, however, is imported from China. The primary cause is a decline in laser machine prices and government intervention in specific sectors, particularly infrastructure and automotive. In India, laser cutting is still the most popular laser application, and it is anticipated to develop for at least another couple of years. Ltd (LTPL) India, laser marking is the most popular in terms of equipment sales, although laser cutting was the leading revenue contributor in 2021. Laser welding offers travel speeds that can be five to ten times faster than TIG welding and three to five times faster than MIG welding in various applications. Some laser welding systems can be further configured to do additional functions such as cutting, drilling, and serializing. However, high-tech laser welding advancements operate economically and efficiently in several industrial applications. The conventional techniques of welding have established a niche in the manufacturing sector.The automotive, heavy industrial, electronics, infrastructure, rail, consumer durables, and other sectors are the main drivers of the market. The Indian laser market is expected to register a CAGR of 18.2% during the forecast period.
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