Health & Safety
Burgeoning use of welding equipment T
he Russian welding equipment market has been recovering since early 2010. Increasing oil and gas
exploration and distribution projects, coupled with the Russian Federation’s initiatives to develop the nuclear and wind power industries, will boost market prospects. However, growing imports will affect the market share of domestic participants. New analysis from Frost & Sullivan, Strategic Analysis
of Russian Welding Equipment Market, finds that the market earned $445.4 million in 2010 and estimates this to reach $941.2 million in 2017. High consumption of welding equipment in the
construction, oil and gas and energy industries indicate a high growth rate. The following products are covered in the research:
arc, resistance, gas and other (laser, friction stir and electron beam) welding equipment. “The majority of Russia’s oil exports transit through
Transneft controlled pipelines, indicating a rise in the usage of welding equipment for the pipeline and energy exploration industries,” notes Frost & Sullivan Global
Programme Manager Archana Chauhan. “Several pipeline projects like the Yamal-Europe, Galsi and Medgaz have aided in the growth of welding equipment in the past, while proposed projects like the South Stream pipeline route under the Black Sea to take Russian gas to Europe are expected to drive the total market for welding equipment over the long-term.” Investments in Russian oil and gas projects are
anticipated to continue. Such trends will have a positive impact on the demand for welding equipment. Several nuclear and wind power projects in Russia
which were delayed during the recent economic crisis, affected welding equipment revenues in 2009. However, in a positive sign, the energy building machine industry is expected to witness a rebound. “These projects are poised to drive the volume
and revenues for the total Russian welding equipment market,” adds Chauhan. Oil and gas, construction and energy industries
are the largest end users for welding equipment. These are critical industries that need high-end welding
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Index of Advertisers – Oil & Gas 29A
9
39 21 22 55 18
14A 7
22A 18A 42 2
77A 71 27
45A 65 41
42A 31 66 5
21A
Index of Advertisers – Hydrographic 5
18 1
10 78
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RS Aqua SeaBird Valeport
20 14 8
technologies and have increasingly demanded after-sales services and technical support. Domestic and global participants are being forced to
provide these services at a low cost to counter rising price sensitivity. This, in turn, is reducing their profit margins. Another challenge relates to the high level of
imports; about 80 per cent of the total Russian welding equipment market consists of equipment imported from global majors and other low-cost manufacturers. The intensifying penetration of low-cost
manufacturers and that of international companies through dealerships and strong distribution networks is resulting in the share of domestic companies continually declining. “This challenge is set to become more acute
as competition intensifies with more participants establishing themselves in Russia to take advantage of the growth opportunities in the oil and gas and other end-user industries,” explains Chauhan. ●
For more information, visit
www.frost.com
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63 25
66A 69 10 17 52
73A 59 45 76
39A 60 79 29
60A 36 14 5
73 80 57 49
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