Hand soldering is one of the most important practices adopted across industries such as electronic engineering.It is a manual practice specifically for printed circuit board (PCB) network. Soldering equipment and consumables are two categories for hand soldering. Soldering is utilised in a variety of industries such as plumbing, metalworking, and electronics. Furthermore, the silver soldering procedure is frequently used to construct jewellery components, plumbing components, and some other refrigeration components. The growth of the end-use industries where soldering is used determines the demand for soldering services. Due to the expected growth of these industries, demand for soldering equipment is expected to rise throughout the forecast period.
The global market for the Hand Soldering is anticipated to develop at a compound annual growth rate (CAGR) of 9.56% throughout the course of the forecast, to reach USD $911.3 by 2030.
Covid-19 Impact & Market Status:
The covid-19 epidemic caused substantial issues across geographies and verticals. It had a negative impact on the growth of the hand soldering market for a short time since the entire lockdown and trade restrictions disrupted product supply for a short time. The main factors driving demand for hand soldering equipment are increased electronics production, increased communication, expanding electric vehicle charging infrastructure, increased industrialization, and networking, rising disposable incomes, increased consumer electronics adoption, rising demand for automated soldering equipment, and increasing electrification in automobiles. During the projected period, significantly increasing investments in fabrication and manufacturing operations, as well as growing government efforts for infrastructure development in emerging regions, are expected to generate opportunities for worldwide market players. All these factors will positively impact the hand soldering market during the forecast period after recovering from Covid19 impact.
Electronics had the greatest market share in 2020, and it is expected to continue to rise during 2022-2029. As the need for consumer gadgets grows, so does consumption.
Increased investment in manufacturing facilities and steps taken by governments of emerging nations to attract international investment are fueling the growth of the soldering iron market. Furthermore, because of the expansion in the consumer electronics and automotive industries the demand for soldering iron is expected to rise in the near future.
North America had the biggest market share and revenue in the year 2020. In the projected age, the trend is anticipated to continue. The region's rise can be attributed to the established presence of the semiconductor sector, as well as the presence of significant market participants. Rising demand of consumer electronics in developing nations is predicted to enhance market expansion.
To connect two sites, hand soldering is performed. These points can be made up of components, PCB layers, or wires. The process of hand soldering comprises heating the metal wire and making it flow across two endpoints. By hand, soldering The iron is powered by electricity, which heats a rod on which solder melts and aids in connecting. Cooling causes the points to solidify. Soldering is a method of joining electronic components together to create a circuit.
The Hand Soldering market is estimated to grow at a CAGR of nearly 3.1 percent over the forecast period, from USD 351.3 million in 2020 to USD 460.7 million in 2029.
Hand soldering is an emerging technology and is gaining ample attention from various end-use industries such as semiconductor, construction, and electronics industries. This can be ascribed to its benefits, which include increased operational efficiency, greater client interface, and equipment size reduction. The hand soldering market is predicted to develop in the next years as a result of this. Furthermore, increased use in repair and maintenance operations in a variety of end-use industries is likely to stimulate demand for soldering equipment. Additionally, as infrastructure projects increase around the world, demand for soldering services is likely to rise.
The main factors driving demand for hand soldering equipment are increased electronics production, increased communication, expanding electric vehicle charging infrastructure,increased industrialization, and networking, rising disposable incomes, increased consumer electronics adoption, rising demand for automated soldering equipment, and increasing electrification in automobiles. Furthermore, the global market for soldering equipment is likely to be driven by a growth in electrical and electronics projects. During the projected period, significantly increasing investments in fabrication and manufacturing operations, as well as growing government efforts for infrastructure development in emerging regions, are expected to generate opportunities for worldwide market players.
Some of the primary issues expected to limit the hand soldering market in the next years include slow adoption of advanced soldering methods in emerging economies and a large number of local companies supplying soldering iron at comparably low rates.COVID-19-related global lockdowns have hampered the expansion of small and medium-sized engineering and commercial service firms. This is also a stumbling block to the hand soldering market's expansion.
Major players of Hand Soldering Market are- OK International, Kurtz Ersa, JBC, PACE, Hexacon, HAKKO, JAPAN UNIX, Weller (Apex Tool Group), QUICK Soldering, GOOT (Taiyo Electric),
Major Developments in Hand Soldering Market:
Ersa GmbH debuted dual plot Versaflow Systems in 2017 with the goal of setting new benchmarks for selective soldering by reducing cycle time without compromising quality.
In 2017, Ersa GmbH introduced VERSAFLOW 4 XL, a modular production system that combines considerable quality and output for each PCB size.
Hand Soldering Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 460.7 million|
|Growth Rate||CAGR of 3.1 % during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||OK International, Kurtz Ersa, JBC, PACE, Hexacon, HAKKO, JAPAN UNIX, Weller (Apex Tool Group), QUICK Soldering, GOOT (Taiyo Electric)|
Key Segments of Hand Soldering Market
- By Type
- Soldering Iron
- Soldering Bath/Pot
- By Application
- Electronics Industry
- By Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa