Cleaning Made Efficient: Exploring the Growing Laser Cleaning Market Valued at 723.9 Million USD
The Laser Cleaning Market is expected to grow at a CAGR of 4.22% between 2018 and 2023 to reach USD 723.9 million by 2023.
The Laser Cleaning Market was dominated by Coherent, Inc. (Coherent) (US), Trumpf Group (Trumpf) (Germany), IPG Photonics Corporation (IPG Photonics) (US), Adapt Laser Systems LLC (Adapt Laser) (US), and Clean Lasersysteme GmbH (Clean Lasersysteme) (Germany).
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THE LASER CLEANING MARKET was dominated by IPG Photonics, Coherent, and TRUMPF. Major strategies adopted by these players in the Laser Cleaning Market include product launches, acquisitions, and collaborations. Some companies operating in the Laser Cleaning Market include Laser Photonics, LASERAX, Clean Lasersysteme, Advanced Laser Technology (ALT), General Lasertronics, White Lion Dry Ice & Laser Cleaning Technology, and Anilox Roll Cleaning Systems. These players have adopted product developments, collaborations, and acquisitions to grow in the laser cleaning market. Product launch is the key strategy adopted by key players between 2015 and 2017 to grow in the Laser Cleaning Market. It accounted for a share of about 65% of the overall growth strategies adopted by the market players during the abovementioned period. These strategies were mainly adopted by the market players to expand their customer base, product portfolio, and distribution network. The growing competition has encouraged the companies to adopt these strategies to expand their footprint in the Laser Cleaning Market. Other developments such as acquisitions and product development accounted for a share of 22% and 13%, respectively, of the total number of developments carried out by the players in the laser cleaning market between 2015 and 2017.
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IPG Photonics held the leading position in the Laser Cleaning Market. It is the leading developer and manufacturer of a broad line of high-performance fiber lasers, fiber amplifiers, and diode lasers that are used for diverse applications, primarily in materials processing. The company offers diverse lines of low-, mid-, and high-power lasers and amplifiers that are used in materials processing, advanced communications, and medical applications. IPG Photonics’ major manufacturing facilities are in the US, Germany, and Russia. It also focuses on R&D to add additional wavelengths, power levels, and other parameters, while also improving beam quality, as well as developing new product lines and laser-based systems. IPG also plans to expand the wavelength at which the lasers operate. This includes UV, orange, red, and green lasers, and mid-infrared lasers for fine and micro processing, projection and other novel applications. IPG Photonics further develops pulsed fiber lasers with ultra-short pulse durations (picosecond and femtosecond), pulsed and QCW lasers with high peak powers and mid infra-red lasers. The company introduced a line of optical processing cutting, welding, and scanning heads optimized for use with various laser sources. IPG Photonics focuses on broadening its product portfolio through acquisitions. For instance, in 2016, the company acquired Menara Networks, expanding its telecom product offering to include pluggable optical transceivers.
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Coherent held the second position in the market in 2016. The company focuses on inorganic growth strategies and product launches. For example, in 2016, Coherent acquired Rofin-Sinar Technologies Inc. Rofin was one of the world’s leading developers and manufacturers of high-performance industrial laser sources and laser-based solutions and components. Also, in July 2015, the company acquired certain assets of Raydiance, Inc. for approx. USD 5.0 million. Raydiance manufactures tools and lasers for ultrafast cleaning systems and subsystems in the laser cleaning market. Coherent also constantly invests in its research and development to launch new products and improvise existing products. In 2016, the company invested USD 81.8 million to improve its offering related to laser cleaning systems. In addition, the company is also working with leading research and educational institutions to develop new photonics-based solutions.
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