Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Laser Cleaning Market - Forecasted from 2019 to 2026”.
The prime factor driving the growth of the laser cleaning market is the rising demand for use of laser cleaning systems in art restoration and conservation, the developing automotive industry, and the increased demand for laser cleaning over traditional approaches. Furthermore, during the forecast period, increased demand for laser cleaning across various applications would provide new opportunities for the laser cleaning market.
As per the report, the Laser Cleaning Market is projected to grow at a CAGR of 5.72% to reach US$880.043 million by 2026, from US$596.216 million in 2019.
Laser cleaning is the process of physically removing the upper layer of the substrate using laser illumination to expel contaminants such as carbon, rust, silicon, and rubber off the outside of a material. A high-intensity laser beat is focused on a surface level that needs to be cleaned. This requires less effort and is an environmentally friendly laser application technology that is widely used across the world.
However, among other factors, a lack of technical experience and the high costs of the procedure are the primary barriers that would further challenge the laser cleaning market over the projection period.
Based on power, the laser cleaning market offers low power, mid-power, and high power.
Based on component, the laser cleaning market provides hardware, software, and services. The hardware and software categories are expected to have a significant market share.
Based on application, the laser cleaning market caters to contamination removal, mold cleaning, paint removal, art restoration, and others. The cleaning process is expected to grow at the fastest rate throughout the estimated period, owing to its widespread use in aerospace & aircraft, automotive parts, art & heritage, and other industries. It minimizes the amount of residual pollution to almost nothing.
Based on geography segmentation, the market of laser cleaning is segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions. Due to the early adoption of technology and the presence of some prominent market players, the North American region occupies a significant share of the market. Over the projection period, the Asia Pacific market will display several development prospects because to an increasing need for industrial and archaeological cleaning and restoration.
As a part of the report, the major players operating in the laser cleaning market, that have been covered are Coherent, IPG Photonics Corporation, Anilox Roll Cleaning Systems, Laser Photonics, Advanced Laser Technologies (ALT) Ltd., General Lasertronics, Laserax, Clean Lasersysteme GmbH, White Lion Dry Ice & Laser Cleaning Technology, and Adapt Laser Systems LLC.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/laser-cleaning-market
This analytics report segments the laser cleaning market on the following basis