Global Plasma Cutting Machine Market 2016-2020 – Expected to Grow at a CAGR of 7.3%
Research and Markets has announced the addition of the “Global Plasma Cutting Machine Market 2016-2020″ report to their offering.
The global plasma cutting machine market is expected to grow at a CAGR of 7.3% during the period 2016-2020.
The plasma cutting industry is seeing a remarkable technological trend in its association with biochemistry. We expect this association to impact the market to a great extent. For instance, LubeCorp, a company based in Canada, provides fluid for water treatment on plasma cutting tables. This fluid is designed to prevent the formation of rust and corrosion. It also effectively biodegrades any bacteria coming in contact with the cut parts. The fluid is considered safe enough to be discharged into the drainage system without any detrimental effects on the environment.
According to the report, increased adoption of automation to ensure quality and reliability of end products has resulted in high demand for plasma cutting machines worldwide. Plasma cutting machines can cut materials of different shapes and thicknesses. They deliver products with high accuracy, precision, and speed and have minimal machine footprint when compared to mechanical cutting machines.
Further, the report states that routine maintenance of plasma cutting machines incurs additional costs for the end-user, adding to overall expenses. These machines need to be serviced and regularly maintained to ensure overall productivity, accuracy, and reliability. Even the machine downtime of a few hours can result in heavy loss for businesses.
Sourced by ekomeri.com