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Exothermic Welding Market By Product Type (Exothermic Weld Powder, Graphite Molds, Handle Clamps)By Applications (Railroad, Power Utility, Telecommunications, Others)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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Published: | Report ID: 18969 | Report Format : PDF

Key Highlights of the Report

The global exothermic welding market is segmented by product type, applications, and region. Exothermic Weld Powder is the leading segment by product type. The railroad segment is expected to have the greatest CAGR during the forecast period. North America is driving the Exothermic Welding market growth.

The key factors driving the market growth are increased infrastructure development and increased safety regulations. The challenges limiting the market growth are high initial investment and limited awareness and adoption.

To facilitate high-speed data transmission, the introduction of 5G technology in North America necessitates robust and efficient electrical connections. Exothermic welding provides low-resistance connections that satisfy the standards of 5G infrastructure, making it ideal for small cell deployments and fiber optic communication.

Market Overview

The global Exothermic Welding market has been growing steadily in recent years and is predicted to expand at a CAGR of 4.66% between 2023 and 2030. In 2022, the market was valued at USD 100.8 million, and it is predicted to grow to USD 138.65 million by 2030.

What Are the Primary Driving Factors in the Global Exothermic Welding Market?

The key factors driving the market growth are increased infrastructure development and increased safety regulations.

What Are the Major Challenges Facing the Global Exothermic Welding Market?

The challenges limiting the market growth are high initial investment and limited awareness and adoption.

What Are the Opportunities for Growth in the Global Exothermic Welding Market?

The market’s primary opportunities include upgrading aging infrastructure and R&D and innovation.

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Executive Summary

Overview of the Global Exothermic Welding Market

Exothermic welding provides a secure and dependable electrical connection. The welding technique removes the threat of loose or incorrect connections, which can cause electrical failures, overheating, and other hazards such as fires or electrical shocks. Exothermic welds’ dependability aids in the prevention of downtime, accidents, and costly disruptions. Exothermic welding is appropriate for various applications and conductivity materials, such as copper, steel, aluminum, and other metals. It has applications in various industries, including power generation, telecommunications, transportation, and industrial manufacturing. Exothermic welding’s versatility makes it a suitable solution for a variety of project requirements.

Market Definition

The exothermic welding market is the industry and market segment that manufactures, distributes, and uses exothermic welding products, equipment, and services. Exothermic welding, thermite welding or aluminothermic welding is a specialized procedure to permanently join conductors.

Market Insights

  • Exothermic welding demand was worth USD 100.8 million in 2022 and is predicted to reach USD 138.65 million in 2030, rising at a CAGR of 4.66% between 2023 and 2030.
  • Exothermic Weld Powder is the leading segment by product type.
  • The railroad segment is expected to have the greatest CAGR during the forecast period.
  • North America is driving the Exothermic Welding market growth.
  • Europe is the second largest region in the Exothermic Welding market.
  • Asia Pacific is expected to be the fastest-growing region in the Exothermic Welding market.
  • The key factors driving the market growth are increased infrastructure development and increased safety regulations.
  • The challenges limiting the market growth are high initial investment and limited awareness and adoption.
  • The market’s primary opportunities include upgrading aging infrastructure and R&D and innovation.

Segmentation by Product Type

  • Exothermic Weld Powder is the leading segment by product type.
  • Graphite Molds are expected to have the highest CAGR over the forecast period.
  • Handle Clamps is another segment but contribute very little to the global exothermic welding market compared to the exothermic weld powder and graphite mold segments.

Segmentation by Applications

  • The railroad segment is expected to have the greatest CAGR during the forecast period.
  • Other applications, such as power utility, telecommunications, and others, also contribute to the demand for Exothermic Welding.

Segmentation by Region

  • North America is driving the Exothermic Welding market growth.
  • Europe is the second largest region in the Exothermic Welding market.
  • Asia Pacific is expected to be the fastest-growing region in the Exothermic Welding market.
  • The rest of the world, including Latin America, the Middle East, and Africa, contributes to the remaining demand for Exothermic welding.

The rising demand for exothermic welding can be related to the expansion of infrastructure. However, the market is hampered by high initial investment.

The United States is a major hub for industrial manufacturing in a variety of areas. Exothermic welding is widely used in industrial manufacturing to provide strong electrical connections for machinery, equipment, and electrical systems, improving operational efficiency and productivity.

Germany is at the forefront of smart city development, using cutting-edge technologies for managing urban infrastructure. Exothermic welding is critical for establishing dependable electrical connections in smart city applications such as intelligent street lighting, smart grid systems, and electric vehicle charging infrastructure.

Germany is well-known for its advanced industrial automation initiatives and Industry 4.0 ambitions. Exothermic welding aids automation by supplying efficient electrical connections for machinery, equipment, and control systems. The manufacturing sector increasingly demands reliable and precise electrical connections in automated production environments.

Increasing Infrastructure Development

The expansion of infrastructure is a crucial driving factor for the growth of the exothermic welding market. Infrastructure development projects frequently include constructing power plants, substations, and electrical grids to accommodate the rising need for electricity. Exothermic welding is critical in major infrastructure projects to build dependable electrical connections and maintain efficient power generation, transmission, and distribution.

Transportation infrastructure projects, such as railways, metros, motorways, and airports, necessitate strong electrical connections for signaling, lighting, and power supply systems. Exothermic welding creates long-lasting and robust connections that can endure vibrations, temperature fluctuations, and environmental conditions associated with transportation infrastructure.

Increasing Safety Regulations

Increasing safety standards are critical in driving the exothermic welding industry forward. Governments and regulatory agencies enforce severe safety standards and regulations to protect the safety of electrical systems and prevent accidents, electrical shocks, and fires. Exothermic welding is a dependable and secure means of forming electrical connections that meet these safety standards. Exothermic welds’ capacity to tolerate large electrical currents, resist corrosion, and retain low resistance leads to their widespread use in accordance with safety rules.

As safety requirements continue to evolve and become more strict across industries, the demand for dependable and compliant electrical connections supplied by exothermic welding is projected to rise. Exothermic welds’ inherent safety features and durability make them a great solution for meeting these criteria, driving the growth of the exothermic welding market.

Exothermic Welding Market

High Initial Investment

Exothermic welding necessitates specialized equipment, molds, and materials, which might result in a larger initial expenditure than other typical electrical connection methods. This initial expense may deter some potential customers, particularly small businesses or projects with restricted funds.

Limited Awareness and Adoption

Exothermic welding, while widely used in some industries, may have limited awareness and adoption in others. Some experts and sectors may be unfamiliar with the benefits and applications of exothermic welding, leading to a preference for more familiar or conventional procedures.

Environmental Concerns

The exothermic welding technique requires the ignition of a chemical reaction, which produces heat and gases. While environmental safeguards are in place, various legislative limits or concerns about emissions and waste management may limit the use of exothermic welding in particular countries or industries.

Upgrading Aging Infrastructure

Many countries have the issue of modernizing aging infrastructure, such as electricity grids, pipelines, and transportation networks. Exothermic welding can help revitalize these systems by providing long-lasting and dependable electrical connections, lowering maintenance requirements, and boosting overall performance.

R&D and Innovation

Exothermic welding market research and development (R&D) initiatives are critical in uncovering new potential. R&D can concentrate on improving the exothermic welding process’s efficiency and reducing installation time. This could include devising novel methods to reduce ignition and reaction times, optimizing mold design and preparation, and investigating automated or semi-automated systems to boost output.

R&D initiatives can look into incorporating automation and robotics into exothermic welding processes. This could entail creating robotic systems that can handle molds, conduct ignition, and supervise welding. Automation has the potential to improve precision, consistency, and efficiency, particularly in large-scale projects or repeated tasks.

Competitive Landscape

Key Players

The global Exothermic Welding market is extremely competitive, with several key competitors. The following are some of the market’s top companies and their market share:

  • nVent
  • Hubbell
  • Harger
  • EXOWELD
  • Tectoweld
  • Aplicaciones Tecnológicas S.A.
  • ALLTEC
  • ESTWELD
  • Amiable Impex
  • Huadian Lightning Protection
  • Kumwell
  • Ningbo Banghe New Materials
  • A. N. Wallis and Co
  • Shangdong Fullworld

These organizations prioritize product innovation, distribution channel expansion, and mergers and acquisitions to stay competitive.

The global Exothermic Welding market’s key players constantly attempt to stay ahead by developing new products and technologies.

ALLTEC introduced the newly updated TerraWeld® Exothermic Welding System in 2021.TerraWeld® is the widely accepted method for constructing copper-to-copper and copper-to-steel electrical connections because it delivers superior permanent molecular bonding. It is a simple, low-cost, long-lasting connection that uses a high-temperature exothermic reaction that does not require an external heat or power source.

nVent Electric plc (“nVent”), a global leader in electrical connection and protection solutions, announced in May 2023 that it had completed the previously announced acquisition of ECM Investors, LLC, the parent company of ECM Industries, LLC (“ECM”), for $1.1 billion, subject to customary adjustments. ECM is a market leader in high-quality electrical connectors, tools, test instruments, and cable management.

Summary of Key Findings

  • The key factors driving the market growth are increased infrastructure development and increased safety regulations.
  • Market segmented by product type, applications, and region.
  • Exothermic Weld Powder is the leading segment by product type.
  • The railroad segment is expected to have the greatest CAGR during the forecast period.
  • North America is leading market growth; the market is highly competitive with key players including nVent, Hubbell, Harger, and EXOWELD.

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Future Outlook

  • With increased infrastructure development, there is a positive outlook for the global Exothermic Welding market.
  • The key factors driving the market growth are increased infrastructure development and increased safety regulations.
  • The challenges limiting the market growth are high initial investment and limited awareness and adoption.
  • Key firms must focus on product innovation, growing market reach, and maintaining competitive pricing to keep ahead of the competition.

Segmentation

  • By Product Type
    • Exothermic Weld Powder
    • Graphite Molds
    • Handle Clamps
  • By Applications
    • Railroad
    • Power Utility
    • Telecommunications
    • Others
  • By Region
  • North America
    • The US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Data Modelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Exothermic Welding Market
2.2. Global Exothermic Welding Market, By Product Type
2.3. Global Exothermic Welding Market, By Applications
2.4. Global Exothermic Welding Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Exothermic Welding Market Value, 2017-2030, (US$ Mn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Product Type
3.5.2. Applications
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Exothermic Welding Market, By Product Type
7.1. Global Exothermic Welding Market Overview, by Product Type
7.1.1. Global Exothermic Welding Market Revenue Share, By Product Type, 2022 Vs 2030 (in %)
7.2. Exothermic Weld Powder
7.2.1. Global Exothermic Welding Market, By Region, 2017-2030 (US$ Mn)
7.3. Graphite Molds
7.3.1. Global Exothermic Welding Market, By Region, 2017-2030 (US$ Mn)
7.4. Handle Clamps
7.4.1. Global Exothermic Welding Market, By Region, 2017-2030 (US$ Mn)

8. Global Exothermic Welding Market, By Applications
8.1. Global Exothermic Welding Market Overview, by Applications
8.1.1. Global Exothermic Welding Market, By Applications, 2022 vs 2030 (in %)
8.2. Railroad
8.2.1. Global Exothermic Welding Market, By Region, 2017-2030 (US$ Mn)
8.3. Power Utility
8.3.1. Global Exothermic Welding Market, By Region, 2017-2030 (US$ Mn)
8.4. Telecommunications
8.4.1. Global Exothermic Welding Market, By Region, 2017-2030 (US$ Mn)
8.5. Others
8.5.1. Global Exothermic Welding Market, By Region, 2017-2030 (US$ Mn)

9. Global Exothermic Welding Market, By Region
9.1. Global Exothermic Welding Market Overview, by Region
9.1.1. Global Exothermic Welding Market, By Region, 2022 vs 2030 (in%)
9.2. Product Type
9.2.1. Global Exothermic Welding Market, By Product Type, 2017-2030 (US$ Mn)
9.3. Applications
9.3.1. Global Exothermic Welding Market, By Applications, 2017-2030 (US$ Mn)

10. North America Exothermic Welding Market Analysis
10.1. North America Exothermic Welding Market, by Product Type, 2017-2030(US$ Mn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. North America Exothermic Welding Market, by Applications, 2017-2030(US$ Mn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. North America Exothermic Welding Market, by Country, 2017-2030 (US$ Mn)
10.3.1. North America Exothermic Welding Market, by Country, 2022 Vs 2030 (in%)
10.3.2. U.S.
10.3.2.1. U.S. Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.3.2.2. U.S. Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
10.3.2.3. U.S. Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
10.3.3. Canada
10.3.3.1. Canada Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.3.3.2. Canada Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
10.3.3.3. Canada Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
10.3.4. Mexico
10.3.4.1. Mexico Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.3.4.2. Mexico Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
10.3.4.3. Mexico Exothermic Welding, By Applications, 2017-2030 (US$ Mn)

11. Europe Exothermic Welding Market Analysis
11.1. Europe Exothermic Welding Market, by Product Type, 2017-2030(US$ Mn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Europe Exothermic Welding Market, by Applications, 2017-2030(US$ Mn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Europe Exothermic Welding Market, by Country, 2017-2030 (US$ Mn)
11.3.1. Europe Exothermic Welding Market, by Country, 2022 Vs 2030 (in%)
11.3.2. Germany
11.3.2.1. Germany Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.2.2. Germany Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
11.3.2.3. Germany Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
11.3.3. France
11.3.3.1. France Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.3.2. France Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
11.3.3.3. France Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
11.3.4. UK
11.3.4.1. UK Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.4.2. UK Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
11.3.4.3. UK Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
11.3.5. Italy
11.3.5.1. Italy Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.5.2. Italy Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
11.3.5.3. Italy Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
11.3.6. Spain
11.3.6.1. Spain Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.6.2. Spain Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
11.3.6.3. Spain Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
11.3.7. Rest of Europe
11.3.7.1. Rest of Europe Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.7.2. Rest of Europe Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
11.3.7.3. Rest of Europe Exothermic Welding, By Applications, 2017-2030 (US$ Mn)

12. Asia Pacific Exothermic Welding Market Analysis
12.1. Asia Pacific Exothermic Welding Market, by Product Type, 2017-2030(US$ Mn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Asia Pacific Exothermic Welding Market, by Applications, 2017-2030(US$ Mn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Asia Pacific Exothermic Welding Market, by Country, 2017-2030 (US$ Mn)
12.3.1. Asia Pacific Exothermic Welding Market, by Country, 2022 Vs 2030 (in%)
12.3.2. China
12.3.2.1. China Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.2.2. China Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
12.3.2.3. China Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
12.3.3. Japan
12.3.3.1. Japan Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.3.2. Japan Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
12.3.3.3. Japan Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
12.3.4. India
12.3.4.1. India Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.4.2. India Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
12.3.4.3. India Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
12.3.5. South Korea
12.3.5.1. South Korea Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.5.2. South Korea Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
12.3.5.3. South Korea Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
12.3.6. South-East Asia
12.3.6.1. South-East Asia Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.6.2. South-East Asia Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
12.3.6.3. South-East Asia Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
12.3.7. Rest of Asia Pacific
12.3.7.1. Rest of Asia Pacific Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.7.2. Rest of Asia Pacific Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
12.3.7.3. Rest of Asia Pacific Exothermic Welding, By Applications, 2017-2030 (US$ Mn)

13. Latin America Exothermic Welding Market Analysis
13.1. Latin America Exothermic Welding Market, by Product Type, 2017-2030(US$ Mn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Latin America Exothermic Welding Market, by Applications, 2017-2030(US$ Mn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Latin America Exothermic Welding Market, by Country, 2017-2030 (US$ Mn)
13.3.1. Latin America Exothermic Welding Market, by Country, 2022 Vs 2030 (in%)
13.3.2. Brazil
13.3.2.1. Brazil Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
13.3.2.2. Brazil Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
13.3.2.3. Brazil Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
13.3.3. Argentina
13.3.3.1. Argentina Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
13.3.3.2. Argentina Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
13.3.3.3. Argentina Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
13.3.4. Rest of Latin America
13.3.4.1. Rest of Latin America Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
13.3.4.2. Rest of Latin America Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
13.3.4.3. Rest of Latin America Exothermic Welding, By Applications, 2017-2030 (US$ Mn)

14. Middle East and Africa Exothermic Welding Market Analysis
14.1. Middle East and Africa Exothermic Welding Market, by Product Type, 2017-2030(US$ Mn)
14.1.1. Overview
14.1.2. SRC Analysis
14.2. Middle East and Africa Exothermic Welding Market, by Applications, 2017-2030(US$ Mn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Middle East and Africa Exothermic Welding Market, by Country, 2017-2030 (US$ Mn)
14.3.1. Middle East and Africa Exothermic Welding Market, by Country, 2022 Vs 2030 (in%)
14.3.2. GCC Countries
14.3.2.1. GCC Countries Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
14.3.2.2. GCC Countries Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
14.3.2.3. GCC Countries Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
14.3.3. South Africa
14.3.3.1. South Africa Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
14.3.3.2. South Africa Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
14.3.3.3. South Africa Exothermic Welding, By Applications, 2017-2030 (US$ Mn)
14.3.4. Rest of Middle East and Africa
14.3.4.1. Rest of Middle East and Africa Exothermic Welding Market Estimates and Forecast, 2017-2030 (US$ Mn)
14.3.4.2. Rest of Middle East and Africa Exothermic Welding, By Product Type, 2017-2030 (US$ Mn)
14.3.4.3. Rest of Middle East and Africa Exothermic Welding, By Applications, 2017-2030 (US$ Mn)

15. Company Profiles
15.1. nVent
15.1.1. Company Overview
15.1.2. Product /Services Portfolio
15.1.3. Geographical Presence
15.1.4. Financial Summary
15.1.4.1. Market Revenue and Net Profit (2019-2022)
15.1.4.2. Business Segment Revenue Analysis
15.1.4.3. Geographical Revenue Analysis
15.2. Hubbell
15.3. Harger
15.4. EXOWELD
15.5. Tectoweld
15.6. Aplicaciones Tecnológicas S.A.
15.7. ALLTEC
15.8. ESTWELD
15.9. Amiable Impex
15.10. Huadian Lightning Protection
15.11. Kumwell
15.12. Ningbo Banghe New Materials
15.13. A. N. Wallis and Co
15.14. Shangdong Fullworld

List of Figures
FIG. 1 Global Exothermic Welding Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Exothermic Welding Market Segmentation
FIG. 4 Global Exothermic Welding Market, by Product Type, 2022 (US$ Mn)
FIG. 5 Global Exothermic Welding Market, by Applications, 2022 (US$ Mn)
FIG. 6 Global Exothermic Welding Market, by Geography, 2022 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Product Type, 2022
FIG. 8 Attractive Investment Proposition, by Applications, 2022
FIG. 9 Attractive Investment Proposition, by Geography, 2022
FIG. 10 Global Market Share Analysis of Key Exothermic Welding Market Manufacturers, 2022
FIG. 11 Global Market Positioning of Key Exothermic Welding Market Manufacturers, 2022
FIG. 12 Global Exothermic Welding Market Value Contribution, By Product Type, 2022 & 2030 (Value %)
FIG. 13 Global Exothermic Welding Market, by Exothermic Weld Powder, Value, 2017-2030 (US$ Mn)
FIG. 14 Global Exothermic Welding Market, by Graphite Molds, Value, 2017-2030 (US$ Mn)
FIG. 15 Global Exothermic Welding Market, by Handle Clamps, Value, 2017-2030 (US$ Mn)
FIG. 16 Global Exothermic Welding Market Value Contribution, By Applications, 2022 & 2030 (Value %)
FIG. 17 Global Exothermic Welding Market, by Railroad, Value, 2017-2030 (US$ Mn)
FIG. 18 Global Exothermic Welding Market, by Power Utility, 2017-2030 (US$ Mn)
FIG. 19 Global Exothermic Welding Market, by Telecommunications, 2017-2030 (US$ Mn)
FIG. 20 Global Exothermic Welding Market, by Others, 2017-2030 (US$ Mn)
FIG. 21 North America Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 22 U.S. Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 23 Canada Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 24 Europe Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 25 Germany Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 26 France Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 27 U.K. Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 28 Italy Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 29 Spain Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 30 Rest of Europe Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 31 Asia Pacific Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 32 China Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 33 Japan Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 34 India Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 35 South Korea Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 36 South-East Asia Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 37 Rest of Asia Pacific Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 38 Latin America Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 39 Brazil Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 40 Mexico Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 41 Rest of Latin America Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 42 Middle East & Africa Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 43 GCC Countries Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 44 South Africa Exothermic Welding Market, 2017-2030 (US$ Mn)
FIG. 45 Rest of Middle East and Africa Exothermic Welding Market, 2017-2030 (US$ Mn)

List of Tables
TABLE 1 Market Snapshot: Global Exothermic Welding Market
TABLE 2 Global Exothermic Welding Market: Market Drivers Impact Analysis
TABLE 3 Global Exothermic Welding Market: Market Restraints Impact Analysis
TABLE 4 Global Exothermic Welding Market, by Competitive Benchmarking, 2022
TABLE 5 Global Exothermic Welding Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Exothermic Welding Market, by Key Strategies Analysis, 2022
TABLE 7 Global Exothermic Welding Market, by Exothermic Weld Powder, By Region, 2017-2022 (US$ Mn)
TABLE 8 Global Exothermic Welding Market, by Exothermic Weld Powder, By Region, 2023-2030 (US$ Mn)
TABLE 9 Global Exothermic Welding Market, by Graphite Molds, By Region, 2017-2022 (US$ Mn)
TABLE 10 Global Exothermic Welding Market, by Graphite Molds, By Region, 2023-2030 (US$ Mn)
TABLE 11 Global Exothermic Welding Market, by Handle Clamps, By Region, 2017-2022 (US$ Mn)
TABLE 12 Global Exothermic Welding Market, by Handle Clamps, By Region, 2023-2030 (US$ Mn)
TABLE 13 Global Exothermic Welding Market, by Railroad, By Region, 2017-2022 (US$ Mn)
TABLE 14 Global Exothermic Welding Market, by Railroad, By Region, 2023-2030 (US$ Mn)
TABLE 15 Global Exothermic Welding Market, by Power Utility, By Region, 2017-2022 (US$ Mn)
TABLE 16 Global Exothermic Welding Market, by Power Utility, By Region, 2023-2030 (US$ Mn)
TABLE 17 Global Exothermic Welding Market, by Telecommunications, By Region, 2017-2022 (US$ Mn)
TABLE 18 Global Exothermic Welding Market, by Telecommunications, By Region, 2023-2030 (US$ Mn)
TABLE 19 Global Exothermic Welding Market, by Others, By Region, 2017-2022 (US$ Mn)
TABLE 20 Global Exothermic Welding Market, by Others, By Region, 2023-2030 (US$ Mn)
TABLE 21 Global Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 22 Global Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 23 Global Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 24 Global Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 25 Global Exothermic Welding Market, by Region, 2017-2022 (US$ Mn)
TABLE 26 Global Exothermic Welding Market, by Region, 2023-2030 (US$ Mn)
TABLE 27 North America Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 28 North America Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 29 North America Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 30 North America Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 31 North America Exothermic Welding Market, by Country, 2017-2022 (US$ Mn)
TABLE 32 North America Exothermic Welding Market, by Country, 2023-2030 (US$ Mn)
TABLE 33 United States Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 34 United States Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 35 United States Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 36 United States Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 37 Canada Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 38 Canada Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 39 Canada Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 40 Canada Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 41 Mexico Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 42 Mexico Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 43 Mexico Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 44 Mexico Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 45 Europe Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 46 Europe Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 47 Europe Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 48 Europe Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 49 Europe Exothermic Welding Market, by Country, 2017-2022 (US$ Mn)
TABLE 50 Europe Exothermic Welding Market, by Country, 2023-2030 (US$ Mn)
TABLE 51 Germany Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 52 Germany Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 53 Germany Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 54 Germany Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 55 France Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 56 France Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 57 France Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 58 France Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 59 United Kingdom Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 60 United Kingdom Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 61 United Kingdom Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 62 United Kingdom Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 63 Italy Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 64 Italy Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 65 Italy Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 66 Italy Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 67 Spain Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 68 Spain Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 69 Spain Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 70 Spain Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 71 Rest of Europe Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 72 Rest of Europe Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 73 Rest of Europe Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 74 Rest of Europe Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 75 Asia Pacific Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 76 Asia Pacific Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 77 Asia Pacific Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 78 Asia Pacific Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 79 China Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 80 China Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 81 China Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 82 China Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 83 Japan Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 84 Japan Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 85 Japan Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 86 Japan Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 87 India Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 88 India Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 89 India Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 90 India Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 91 South Korea Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 92 South Korea Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 93 South Korea Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 94 South Korea Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 95 South-East Asia Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 96 South-East Asia Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 97 South-East Asia Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 98 South-East Asia Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 99 Rest of Asia Pacific Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 100 Rest of Asia Pacific Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 101 Rest of Asia Pacific Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 102 Rest of Asia Pacific Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 103 Latin America Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 104 Latin America Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 105 Latin America Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 106 Latin America Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 107 Brazil Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 108 Brazil Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 109 Brazil Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 110 Brazil Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 111 Argentina Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 112 Argentina Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 113 Argentina Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 114 Argentina Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 115 Rest of Latin America Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 116 Rest of Latin America Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 117 Rest of Latin America Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 118 Rest of Latin America Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 119 Middle East and Africa Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 120 Middle East and Africa Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 121 Middle East and Africa Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 122 Middle East and Africa Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 123 GCC Countries Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 124 GCC Countries Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 125 GCC Countries Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 126 GCC Countries Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 127 South Africa Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 128 South Africa Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 129 South Africa Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 130 South Africa Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)
TABLE 131 Rest of Middle East and Africa Exothermic Welding Market, by Product Type, 2017-2022 (US$ Mn)
TABLE 132 Rest of Middle East and Africa Exothermic Welding Market, by Product Type, 2023-2030 (US$ Mn)
TABLE 133 Rest of Middle East and Africa Exothermic Welding Market, by Applications, 2017-2022 (US$ Mn)
TABLE 134 Rest of Middle East and Africa Exothermic Welding Market, by Applications, 2023-2030 (US$ Mn)

Frequently Asked Questions

How big is the global Exothermic Welding market right now?

In 2022, the global Exothermic Welding market was worth USD 100.8 million.

What is the Exothermic Welding market’s predicted growth rate between 2023 and 2030?

The Exothermic Welding market is anticipated to develop at a CAGR of 4.66% between 2023 and 2030, reaching USD 138.65 Million in 2030.

Which segment is leading the market in terms of product type?

Exothermic Weld Powder is the leading segment by product type.

During the forecast period, which segment is expected to have the highest CAGR?

The railroad segment is expected to have the greatest CAGR during the forecast period.

Which segments are covered in the global Exothermic Welding Market report?

The global Exothermic Welding market research report is divided into the following categories: By Product Type, By Applications

Which region is driving the Exothermic Welding industry’s growth?

North America is driving the Exothermic Welding market growth.

Who are the key market participants in the global Exothermic Welding market?

The top players include nVent, Hubbell, Harger, and EXOWELD. Other major players include Tectoweld, Aplicaciones Tecnológicas S.A., ALLTEC, and ESTWELD.

What are the primary market factors driving the Exothermic Welding industry?

The key factors driving the market growth are increased infrastructure development and increased safety regulations.

What are the main market restraints for Exothermic Welding?

The challenges limiting the market growth are high initial investment and limited awareness and adoption.

What are the Exothermic Welding industry’s significant market opportunities?

The market’s primary opportunities include upgrading aging infrastructure and R&D and innovation.

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