Covid-19 Impact on Fiber Laser Market:The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Fiber Laser Market Overview The global Fibre Laser Market was worth $3.6 billion in 2021 and is expected to reach $9.7 billion by 2030, increasing at an 11% CAGR from 2023 to 2030.
The global Fiber Laser market is expected to witness significant growth over the forecast period. Fiber Laser is extremely powerful, reliable, and stable as compared to other types of lasers. It provides high beam quality along with high optical and electrical efficiency. It is compact and portable hence, relatively easier to use. In addition, users can select the wavelengths and have precise beam control with a fiber laser. Due to all the aforementioned super properties of fiber laser, it has a high demand. Eventually, it boosts the market’s development in near future.
Additionally, manufacturers in the Fiber Laser market are highly investing in the research and development to find new and innovative techniques to develop Fiber Laser. Besides this, the increasing number of manufacturers along with the product variation will support the expansion of the Fiber Laser market in the forthcoming years.
On the downside, factors such as reduced cutting speed while processing thicker materials and undesired pulse pedestals & non-linear optical effects are hampering the growth of the market.
Fiber Laser Market Segment OverviewAccording to the application, the material processing segment holds the largest share in the fiber laser market. High beam quality and high energy efficiency for material processing utilities such as welding, cutting, and etching are propelling the growth of this segment. Moreover, Fiber Lasers are largely adopted for marking application, which includes barcodes and traceable labels, diamond industry, scientific research, semi-conductor industries, and 3D printing.
Furthermore, Fiber laser technology is catching more attention due to its numerous applications in various sectors such as micromachining, medical sciences, telecommunications, automotive, electronics, and manufacturing. Therefore, its potential as a substitute for solid-state lasers in industrial and technological applications will be significantly contributing to the growth of the Fiber Laser market in the next few years.
Fiber Laser Market Market Regional OverviewRegion-wise, Asia-Pacific is expected to witness significant growth in the future. This is due to the increasing demand for Fiber Lasers in the electronics and automotive industry. In addition, this region represents remarkable opportunities for venture entrepreneurs and investors, because the developed markets are comparatively saturated.
Fiber Laser Market Competitor overview· In May 2017, Lantek, leaders in management software solutions for the sheet metal industry has signed a partnership agreement with Turkish fiber laser manufacturer Nukon to supply Lantek software with its machines worldwide. Nukon’s range of fiber laser machines is available in power levels up to 6kW and has an option for linear drives which gives an acceleration of up to 3G.
Fiber Laser Market, Key Players· TRUMPF GmbH & Co KG
· NKT Photonics A/S
· Coherent, Inc.
· Apollo Instruments, Inc.
· Amonics Ltd.
· IPG Photonics Corporation
· Jenoptik Laser GmbH
· CY Laser SRL
· Quantel Group
· Toptica Photonics AG.
· O.R. Lasertechnologie GmbH
· Sigma Mechatronics Pvt. Ltd.
· SPI Lasers Limited
Fiber Laser Market SegmentationFiber Laser Market, By Type
· Infrared Fiber Laser
· Ultraviolet Fiber Laser
· Ultrafast Fiber Laser
· Visible Fiber Laser
Fiber Laser Market, By Application
· Marking
· Material processing
· Fine Processing
· Micro Processing
· Other
Fiber Laser Market, By Region:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
List of Figures
Figure 1: Global Fiber Laser Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2030
Figure 2: Global Market Value Share (%), By Segment 1, 2023 & 2030
Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 5: Global Market Value Share (%), By Segment 2, 2023 & 2030
Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 9: Global Fiber Laser Market Forecast (USD Billion), by Others, 2021-2030
Figure 10: Global Market Value Share (%), By Segment 3, 2023 & 2030
Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 14: Global Market Forecast (USD Billion), by Others, 2021-2030
Figure 15: Global Market Value (USD Billion), by Region, 2023 & 2030
Figure 16: North America Fiber Laser Market Value Share (%), By Segment 1, 2023 & 2030
Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 19: North America Market Value Share (%), By Segment 2, 2023 & 2030
Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 23: North America Market Forecast (USD Billion), by Others, 2021-2030
Figure 24: North America Market Value Share (%), By Segment 3, 2023 & 2030
Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 28: North America Market Forecast (USD Billion), by Others, 2021-2030
Figure 29: North America Market Forecast (USD Billion), by U.S., 2021-2030
Figure 30: North America Market Forecast (USD Billion), by Canada, 2021-2030
Figure 31: Latin America Fiber Laser Market Value Share (%), By Segment 1, 2023 & 2030
Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 34: Latin America Market Value Share (%), By Segment 2, 2023 & 2030
Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 38: Latin America Market Forecast (USD Billion), by Others, 2021-2030
Figure 39: Latin America Market Value Share (%), By Segment 3, 2023 & 2030
Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 43: Latin America Market Forecast (USD Billion), by Others, 2021-2030
Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2021-2030
Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2021-2030
Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2021-2030
Figure 47: Europe Fiber Laser Market Value Share (%), By Segment 1, 2023 & 2030
Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 50: Europe Market Value Share (%), By Segment 2, 2023 & 2030
Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 54: Europe Market Forecast (USD Billion), by Others, 2021-2030
Figure 55: Europe Market Value Share (%), By Segment 3, 2023 & 2030
Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 59: Europe Market Forecast (USD Billion), by Others, 2021-2030
Figure 60: Europe Market Forecast (USD Billion), by U.K., 2021-2030
Figure 61: Europe Market Forecast (USD Billion), by Germany, 2021-2030
Figure 62: Europe Market Forecast (USD Billion), by France, 2021-2030
Figure 63: Europe Market Forecast (USD Billion), by Italy, 2021-2030
Figure 64: Europe Market Forecast (USD Billion), by Spain, 2021-2030
Figure 65: Europe Market Forecast (USD Billion), by Russia, 2021-2030
Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2021-2030
Figure 67: Asia Pacific Fiber Laser Market Value Share (%), By Segment 1, 2023 & 2030
Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2023 & 2030
Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2021-2030
Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2023 & 2030
Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2021-2030
Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2021-2030
Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2021-2030
Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2021-2030
Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2021-2030
Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2021-2030
Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2021-2030
Figure 86: Middle East & Africa Fiber Laser Market Value Share (%), By Segment 1, 2023 & 2030
Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2023 & 2030
Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2021-2030
Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2023 & 2030
Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2021-2030
Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2021-2030
Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2021-2030
Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2021-2030
List of Tables
Table 1: Global Fiber Laser Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2021-2030
Table 5: North America Fiber Laser Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Table 9: Europe Fiber Laser Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Table 13: Latin America Fiber Laser Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Table 17: Asia Pacific Fiber Laser Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Table 21: Middle East & Africa Fiber Laser Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
