Monday 14 December 2015, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the Fiber Laser Market in Europe: Coherent Inc, IPG Photonics Corp, Rofin-Sinar Technologies Inc and Trumpf Inc
Other Prominent Vendors in the market are: 3S Photonics, Amonics, Apollo Instruments, Clark MXR, EKSPLA, ELUXI, Fanuc, Fianium, FiberLAST, GBOS Laser Technology, GSI Group, Hypertherm, IMRA America, JDS Uniphase, JENOPTIK Laser, Mitsubishi Cable Industries, Miyachi Unitek, Newport, NKT Photonics, Nufern, Nuphoton Technologies, Photonic Solutions, Prima Electro North America, TOPTICA Photonics, and Wuhan Raycus Fiber Laser Technologies.
Commenting on the report, an analyst said: “The demand for fiber lasers has increased significantly due to customers’ need for cost-effective solutions and efficient products that provide better output. Therefore, vendors are investing heavily to increase their production capacity. For instance, in 2014 IPG Photonics invested $88.6 million in capital expenditure, most of which was for the expansion of its manufacturing capacity.”
According to the report, the advantageous features of fiber lasers such as their compact size, energy-efficiency, and eco-friendly composition are driving demand for this product in Europe. Moreover, the sales of high-power fiber lasers are increasing, indicating the increasing adoption of powerful fiber lasers particularly in the automotive industry and military sector.
Further, the report states that one of the key challenges is the uncertainty regarding the lifespan of fiber lasers. This has led to fluctuations in the demand for fiber lasers, thereby affecting the sales revenue of fiber lasers. Moreover, the uncertain economic conditions in Europe are also hampering the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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