Laser Cleaning Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Power (Low, Mid, High), By Component (Hardware, Software, Services), By Application (Contamination Removal, Mold Cleaning, Paint Removal, Art Restoration, Others), And By Geography - Forecasts From 2021 To 2026
- Published : Jun 2021
- Report Code : KSI061611843
- Pages : 126
The laser cleaning market is evaluated at US$596.216 million for the year 2019 and is projected to grow at a CAGR of 5.72% to reach US$880.043 million in 2026.
Laser Cleaning is the process of expulsion of pollutants or debasements such as rust, carbon, silicon, and rubber on the outside of material by physically eliminating the upper layer of the substrate utilizing laser illumination. A significantly concise laser beat at high force is focused on a surface level to be cleaned. This includes nominal exertion and is an environment cordial laser application technique, that is comprehensively utilized around the globe.
Inclining utilization tendency toward laser cleaning over ordinary methodology and the prospering interest for laser cleaning in various applications like mechanical utilization, conservation, and rebuilding are the main considerations propelling the growth of the laser cleaning market. Significant expenses and the absence of specialized abilities overall are restraining the growth of the laser cleaning market.
Increasing utilization by various industries to drive the growth of the market
Laser cleaning is being increasingly used by various sectors where their demand is hiking. Like, the automotive is portrayed by advancements in the electric vehicles market. This has prompted lightweight development and altered assembling and coating advances, and then some more segments being utilized in a solitary vehicle. Due to the developing working population and extension of working-class principles, the expanded sales of vehicles alongside innovation advancement will drive the interest in laser cleaning in the vehicle as there is a high pace of interest where individuals need to re-establish an old vehicle to its unique excellence or revamp their old railings. The expanded appropriation of laser cleaning frameworks is additionally being seen among Aerospace and Defense, because of traditional strategies for sanding and pounding used to influence the metal integrity. Things included in the electronic products have changed an extraordinary arrangement in nature and the customer hardware devices are constantly getting more smaller, slimmer, and complex. Laser cleaning helps in cleaning these small complex parts and provides extra advantages as well. So, expanding reception of scaling down in electronic segments is contributing to the growth of the laser cleaning market.
Laser development as of now offers a mechanical de-covering and surface cleaning course of action which is cost-effective and environment friendly. Both of these properties of being cost-effective and environment friendly are prompting the companies across the industries to adopt laser cleaning techniques further boosting the growth of the market.
Increasing applications to facilitate market growth
The applications and uses of laser cleaning are increasing tremendously. Previously, laser cleaning was mainly used by the commercial sectors as an effective solution. However, the technique can be innovatively used by households as well. Recently, in May 2021, Dyson, a British technology company that manufactures household appliances offered laser cleaning technology in a vacuum cleaner. The Dyson V15 Detect is the company’s most powerful and savvy cordless vacuum that utilizes a laser recognition framework coordinated into the soft head cleaner so it can enlighten dust particles imperceptible to the naked eye to not miss a spot.
However, significant, associated expenses might hamper the growth of the market. Coupled with that is the challenge of lack of skilled personnel in the market.
Impact of COVID-19 on the Laser Cleaning Market
The advent of the COVID-19 pandemic has impacted the laser cleaning market positively. This is mainly attributed to the utilization of laser cleaning by the medical sector. The crisis saw a lot of medical devices being utilized that were cleaned using laser cleaning technology. The cost-effectiveness of the technique further propelled the demand in the market. Additionally, the government expenditure in the healthcare sector in developing and under-developed countries also increased, this further brought advancement in the medical device utilization in these countries, boosting the growth of the laser cleaning market. The work from home culture and online education lead to the rising demand for electronics in various countries. This led to the increase in the demand in the electronic sector further facilitating the growth of the market. On the flip side, the demand from the automotive sector decreased significantly. However, the recovery in the sector is inevitable especially after the rising adoption of electric vehicles. So, despite being hit by the crisis, the laser cleaning market is expected to grow at a steady rate in the forecast period.
Based on power, the laser cleaning market is segmented into low power, mid-power, and high power. Based on components, the laser cleaning market is categorized into hardware, software, and services. Based on application, the laser cleaning market is segmented into contamination removal, mold cleaning, paint removal, art restoration, and others.
Geographically, the market is studied across North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. Asia-Pacific region. The Asia Pacific region is expected to grow at a significant rate during the forecast period attributing to the increasing adoption of leaser cleaning in the automotive and aerospace industries. The region will dominate the global market. The North America and Europe regions are also predicted to hold significant market shares mainly due to the early adoption of new technologies and the presence of key market players in the regions. Furthermore, growing environmental concerns in these regions are expected to further create growth opportunities for the market over the forecast period.
Laser Cleaning Market Scope:
|Market size value in 2019||US$596.216 million|
|Market size value in 2026||US$880.043 million|
|Growth Rate||CAGR of 5.72% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Power, Component, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Coherent, IPG Photonics Corporation, Clean Lasersysteme GmbH, Advanced Laser Technologies (ALT) Ltd., General Lasertronics, Laserax, White Lion Dry Ice & Laser Cleaning Technology, Anilox Roll Cleaning Systems, Laser Photonics, Adapt Laser Systems LLC|
|Customization scope||Free report customization with purchase|
- By Power
- Low Power
- Mid Power
- High Power
- By Component
- By Application
- Contamination Removal
- Mold Cleaning
- Paint Removal
- Art Restoration
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the laser cleaning market size by 2026?
A1. The laser cleaning market is projected to reach a market size of US$880.043 million in 2026.
Q2. What are the growth prospects for the laser cleaning market?
A2. The global laser cleaning market is projected to grow at a CAGR of 5.72% during the forecast period.
Q3. What is the size of global laser cleaning market?
A3. Laser Cleaning market was valued at US$596.216 million in 2019.
Q4. Which region holds the largest market share in the laser cleaning market?
A4. The North America and Europe regions are predicted to hold significant shares in the laser cleaning market due to the early adoption of new technologies and the presence of key market players in the regions.
Q5. What factors are anticipated to drive the laser cleaning market growth?
A5. Inclining utilization tendency toward laser cleaning over ordinary methodology and the prospering interest for laser cleaning in various applications like mechanical utilization, conservation, and rebuilding are the main considerations propelling the growth of the laser cleaning market.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. Laser Cleaning Market Analysis, by Power
5.2. Low Power
5.3. Mid Power
5.4. High Power
6. Laser Cleaning Market Analysis, by Component
7. Laser Cleaning Market Analysis, by Application
7.2. Contamination Removal
7.3. Mold Cleaning
7.4. Paint Removal
7.5. Art Restoration
8. Laser Cleaning Market Analysis, by Geography
8.2. North America
8.2.1. North America Laser Cleaning Market, By Power, 2019 to 2026
8.2.2. North America Laser Cleaning Market, By Component, 2019 to 2026
8.2.3. North America Laser Cleaning Market, By Application, 2019 to 2026
8.2.4. By Country
188.8.131.52. United States
8.3. South America
8.3.1. South America Laser Cleaning Market, By Power, 2019 to 2026
8.3.2. South America Laser Cleaning Market, By Component, 2019 to 2026
8.3.3. South America Laser Cleaning Market, By Application, 2019 to 2026
8.3.4. By Country
8.4.1. Europe Laser Cleaning Market, By Power, 2019 to 2026
8.4.2. Europe Laser Cleaning Market, By Component, 2019 to 2026
8.4.3. Europe Laser Cleaning Market, By Application, 2019 to 2026
8.4.4. By Country
184.108.40.206. United Kingdom
8.5. Middle East and Africa
8.5.1. Middle East and Africa Laser Cleaning Market, By Power, 2019 to 2026
8.5.2. Middle East and Africa Laser Cleaning Market, By Component, 2019 to 2026
8.5.3. Middle East and Africa Laser Cleaning Market, By Application, 2019 to 2026
8.6. Asia Pacific
8.6.1. Asia Pacific Laser Cleaning Market, By Power, 2019 to 2026
8.6.2. Asia Pacific Laser Cleaning Market, By Component, 2019 to 2026
8.6.3. Asia Pacific Laser Cleaning Market, By Application, 2019 to 2026
8.6.4. By Country
220.127.116.11. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.2. IPG Photonics Corporation
10.3. Clean Lasersysteme GmbH
10.4. Advanced Laser Technologies (ALT) Ltd.
10.5. General Lasertronics
10.7. White Lion Dry Ice & Laser Cleaning Technology
10.8. Anilox Roll Cleaning Systems
10.9. Laser Photonics
10.10. Adapt Laser Systems LLC
IPG Photonics Corporation
Clean Lasersysteme GmbH
Advanced Laser Technologies (ALT) Ltd.
White Lion Dry Ice & Laser Cleaning Technology
Anilox Roll Cleaning Systems
Adapt Laser Systems LLC
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