Waterjet Cutting Machines Market To Garner US$ 2.7 Bn By 2024
A water jet cutting machine is an industrial instrument proficient in cutting huge range of materials by utilizing an extremely high-pressure water jet, otherwise a mixture of water along with an abrasive substance. The abrasive jet is particularly used to cut hard materials such as granite or metal, on the other hand, the pure water jet cutters cut softer materials, for example, rubber or wood without any added abrasives.
Abrasives, grates, water filters, nozzles, orifice, focus tubes and mixing chambers are included in some of its product that is widely adopted in the metal fabrication process along with construction industries.
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Water jet cutting is also used a lot for the duration of fabricating the machine parts. A high-pressure pump generates a course of pressurized water for the cutting process. The pure water jet method is the ideal method at the time of cutting the materials that are susceptible to high temperatures produced by other methods.
The waterjet cutting machines market is a part of the fastest emerging technologies currently that is associated with the prominent fabrication process. In the US, particularly, fabrication is the basis of majorly all manufacturing industries. The water jet cutting is utilized in a variety of industries, including aerospace and mining, for reaming, shaping and cutting. Apart from these, it is also applicable in electronics, ceramics, automotive, metal fabrication, construction and others for example paper & pulp and food & beverages.
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The overall market of water jet cutting is mainly driven by foreign direct investment for industrial activities along with supporting manufacturing sector worldwide. However, high operating and maintenance cost of the consumables along with the high cost of waterjet cutting machines are sky high which in turn is likely to hold back the overall growth of the market. Also, need for trained professionals to operate these types of machinery possibly will result in low production output along with safety hazards.
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The skilled technicians or operator are required of proper training in addition to this, a must have experience of some kind of proficient operation of these machines.
Although geographies like APAC and MEA are still relying on the traditional cutting ways like plasma cutting, oxy-fuel cutting, and laser cutting for the metal fabrication as a result of lack of awareness, high maintenance cost and initial high cost of machines along with the appropriate disposal of debris/waste plus the excess water caused is a high priced task.
The worldwide water jet cutting machines consumables market is projected to reach a market value of nearly US$ 2740 Million by 2025, up from approximately US$ 1650 Million in 2017. The global market is likely to register a 6.5% CAGR throughout the assessment period of 2017-2025.
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