Wave Soldering Machine Market Size, Share, Growth, and Industry Analysis, By Type (Fully Automatic, Semi-Automatic, Manual), By Application (Electronic Components, Circuit Board, Other), Regional Insights, and Forecast To 2032

Updated On: 15 April 2024

wave soldering machine market REPORT OVERVIEW

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The global wave soldering machine market size was USD 190.82 million in 2021 and is expected to reach USD 238.81 million by 2027, exhibiting a CAGR of 3.81% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, wave soldering machine experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Upon printed circuit boards (PCB), big components are soldered using a wave soldering machine. PCB assembly can make use of wave soldering on both surface mount and through-hole components. The hot solder tank atop of the wave soldering machine is maintained at the temperature required for the soldering procedure. The printed circuit boards move over a wave of solder that has been created inside the tank such that the bottom of the board will come into contact with the wave. In order to prevent the solder wave from flowing above the board and into areas where it is not needed, the vertical height that forms the wave must be fixed.

In order to create an electronic assembly, wave solder machines can be found in the electrical infrastructure of business. The expanding demand for PCBs in electronics for consumers and automotive applications, as well as for free of lead wave soldering equipment, are both responsible for the market's expansion. Additionally, the industry is expanding as a result of rising interest in 3D printing and expanding use of technology for wireless communication.

COVID-19 Impact: Disruption in Making of Electronic Goods to Deplete Market Share

Wave soldering machine are highly utilized by the electronic industries by incorporating the equipment in the formation of circuit boards. As due to the sudden outbreak of the COVID-19 pandemic most of the activities were blocked by the government regulations. Manufacturing in the electronics industries were at halt which depleted the formation and supply of the wave soldering machine that had a huge impact on the market. With the opening up of several activities and initiative led by the governments the market will prosper during the anticipated timeframe.

LATEST TRENDS

"Formation of Electronic Parts by the Machine to Stimulate Market Development "

Electronic parts including printed circuit boards as well as other semiconductor items are created using lead wave soldering equipment. There are three main mechanical components to this device: solder irons, soldering wick, and pressure chamber. High-frequency sound waves are used by lead wave soldering machines to transport heat between the irons to the component, which then gets used by solder wire throughout the wave solderization (WSD) process.

wave soldering machine market SEGMENTATION

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• By Type

Based on type; the market is divided into fully automatic, semi-automatic, manual

Fully automatic is the leading part of the type segment.

• By Application

Based on the application; the market is divided into electronic components, circuit board, other

Electronic components is the leading part of the application segment.

DRIVING FACTORS

"Incorporation in Circuit Boards to Aid Market Expansion  "

Circuit boards, which are utilized in numerous industrial applications including aerospace, automotive, and power generation, were the second-largest application segment. Many times, soldering is required during the assembly of various components used in circuit boards. Other comprises items including connections, antennae, and printed circuit boards (PCBs). These goods are an excellent option to soldering machines which are intended to be utilized with electronic components because they are not often destroyed by high temperatures.

"Lead-Free Soldering Machines to Foster Industry Progress "

An untarnished wave electronic components, including printed circuit boards as well as additional electrical components, are manufactured using soldering machines. Among other things, fixing electric motors, computers, and peripheral devices are some of the main applications. Since lead-free solder is free of lead, it is often referred to as pure lead or clean lead. Furthermore, with the rapid utilization of lead-free soldering machines the wave soldering machine market share will advance in the coming future.

RESTRAINING FACTOR

"Expensive Initial Installation Costs to Stop Market Evolution "

Small and medium producers cannot rely on the worldwide wave soldering machine market due of the prohibitively expensive initial installation costs. In addition cleaning of wave solder opening and soldering assemblies is a laborious process, thereby impeding and hindering the development and demand for the worldwide  wave soldering machine market growth over the near future. The soldering machine requires a greater use of solder, nitrogen, and usage of electrical in nature energy and power, therefore this is a highly power-consuming process, which limits the market growth. 

wave soldering machine market REGIONAL INSIGHTS

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"Asia Pacific to Support Market Advancement owing to Expanding Economies "

By 2029, the Asia Pacific region will account for the largest proportion of the global market due to the region's vast population and the expanding economies of India, Japan, China, and Thailand. China is predicted to have the largest market share in Asia Pacific and grow quickly throughout the forecast period due to increasing per capita disposable income, the expansion of the automobile and consumer electronics industries, and other factors.  Due to the region's high demand for electronic equipment, the Asia Pacific machine market is expanding. Due to its developed economy and burgeoning sectors including consumer electronics, aerospace, and defense, China led the Asia Pacific soldering equipment market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Nols Technology (U.S.)
• Grandseed Technology (China)
• Beijing Cheng Lian Kai Da Technology (China)
• Tai'an Puhui Electric Technology (China)
• Wuxi Kaiao Power Machinery (China)
• Guangzhou Yihua Electronic Equipment (China)
• ETA Electronic Equipment (Germany)
• Beijing Torch (China)
• Shenzhen Genesis Optoelectronic (China)
• Henan Yuding Electronics (China)
• Zhongshan Xinhe Electronic Equipment (China)
• Shenzhen CSC Electronic Equipment (China)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.