DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "Global and China Industrial Laser Industry Report 2020-2026" to the products of ResearchAndMarkets.com.

As one of the most advanced manufacturing and processing technologies in the world, laser technology has been widely used in industrial production, communications, information processing, medical beauty, 3D sensing, military, cultural education, and scientific research.

With the continuous improvement of domestic economic conditions, my country's laser industry is booming. In recent years, my country has intensified the development of the laser industry, and various regions have concentrated their efforts on scientific research, technological upgrading, and market development, and jointly built a laser industrial park with government-led laser companies.

In 2019, China's laser processing equipment market reached 65.8 billion yuan, with a compound annual growth rate of 21.4% from 2012 to 2019. In the medium and long term, laser processing (laser cutting and welding) will penetrate into more application scenarios (3C, power batteries, photovoltaics, etc.). China's laser processing market will maintain a rapid growth trend for a long time and has huge potential.

In application scenarios, laser cutting is gradually replacing traditional machine tools with its advantages such as no contact with objects, zero wear of the cutting head, fast cutting speed, adaptability and flexibility, and has a wider range of applications and can improve processing efficiency. Improve processing efficiency, reduce processing costs, and improve workpiece quality. Common laser processing equipment includes: laser cutting machine, laser welding machine, laser marking machine, laser drilling machine, laser cladding equipment, etc.

Laser cutting is the most important application link of laser processing. Sales of laser cutting machines (optical CO2) in China have soared from 2,700 in 2013 to 41,000 in 2019. In terms of market size, China's laser cutting market in 2019 was 25.8 billion yuan, accounting for 39% of the laser equipment market in the Chinese market. Among them, 19% came from laser marking and only 12% came from laser welding.

From the perspective of the competitive landscape, the concentration of laser processing equipment in China is relatively low. In 2019, there are more than 150 domestic laser companies with annual revenue of more than 20 million yuan, and more than half of them are concentrated in laser processing and laser-related fields. In 2019, Han's Laser achieved laser processing equipment revenue of 7.64 billion yuan, with a market share of 12.6%; Huagong Technology’s laser processing equipment revenue reached 1.723 billion yuan, with a market share of 2.8%.

Laser is the core optical component of laser equipment. The rapid growth of the downstream equipment market has driven the demand for lasers. In 2019, the overall market size of China's industrial lasers (including laser amplifiers) reached 26.1 billion yuan, with a compound annual growth rate of 18.1% from 2015 to 2019.

Lasers can be divided into solid-state lasers (including all solid-state, fiber, hybrid lasers and semiconductor lasers), gas lasers, liquid lasers, etc. according to the gain medium. Solid-state lasers (generally referred to as all-solid-state lasers in a narrow sense) and fiber lasers are currently the two mainstream lasers on the market, with market shares of 30.1% and 44.4% in 2019, respectively.

From the perspective of the competitive landscape, compared with the relatively fragmented structure of the laser equipment market, the industrial laser market in China is highly concentrated. In 2019, CR3 (IPG, Wuhan Ruike, Chuangxin) fiber laser market share is close to 80%, of which IPG leads with 41.9%.

The market share of domestic laser companies is on the rise. From 2017 to 2019, the market share of IPG declined year by year, from 53% to 42%. In contrast, the market share of Wuhan Ruike's fiber laser technology jumped from 12% to 24%, and the market share of Chuangxin Optoelectronics rose from 10% to 12%.

The "Global and China Industrial Laser Industry Report 2020-2026" highlights the following:

1. Overview of the industrial laser industry

2. The status quo of the global industrial laser industry

2.2 Industrial laser market scale and structure

3. The status quo of China's industrial laser industry

7. Major foreign industrial laser manufacturers

8. China's major industrial laser manufacturers

8.8 Wuhan Ruike Fiber Laser Technology

8.10 Shenzhen JPT Optoelectronics Co., Ltd.

8.11 Inno Laser Technology Co., Ltd.

For more information about this report, please visit https://www.researchandmarkets.com/r/tf2ox9

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900