Laser Cleaning Market Growing Rapidly Along with Demand and Rising Industrial Applications
PALM BEACH, Fla., Oct. 20, 2022 /PRNewswire/ -- The global Laser cleaning system market is highly competitive and will, according to reports, continue to grow in all the major markets worldwide. A report from MarketsAndMarkets said that The growing need for Laser Cleaning in numerous applications, including conservation and restoration, cleaning procedures, and industrial use, as well as the preference for Laser Cleaning over traditional approaches, are boosting the market's expansion. In comparison to conventional cleaning techniques, laser cleaning offers numerous benefits, including chemical, thermochemical, thermal, grinding, and blasting. It can even enhance the entire production process. The report projected that the Laser Cleaning Market is anticipated to increase from USD 588.8 million in 2018 to USD 723.9 million by 2023. The report said: "Applications related to cleaning processes dominated the global laser cleaning market… the market for laser cleaning is divided into three main categories: industrial, conservation & restoration, and cleaning process. Due to the significant need for cleaning automotive parts, the market for cleaning processes had the biggest market size (in recent years). Additionally, lasers are used to remove paint and coatings like oxide layers from metal before welding. The total expansion of the laser cleaning market will also be partly attributed to the expanding commercial aerospace industry." Active Companies in the markets today include: Laser Photonics Corporation (NASDAQ: LASE), Luminar (NASDAQ: LAZR), Aeva® (NYSE: AEVA), Coherent Corp. (NASDAQ: COHR), MicroVision, Inc. (NASDAQ: MVIS).
MarketsAndMarkets continued: "The fibre laser cleaning market is anticipated to experience the greatest CAGR growth (in 2023). Due to characteristics like high cleaning precision, superior position cleaning precision, selective washing, safe operating environment, and low maintenance cost, the market for fibre lasers is anticipated to experience considerable expansion throughout the forecast period. The fibre laser industry has expanded overall as a result of the expanding application fields in art and heritage sites, automotive and aerospace parts, and surface cleaning."
Laser Photonics Corporation (NASDAQ: LASE) BREAKING NEWS: Laser Photonics Completes Order for U.S. Navy - Laser Photonics Corporation ("LPC"), a leading global industrial developer of Cleantech laser systems for laser cleaning and other materials applications, today announced the delivery of the CleanTech Handheld LPC-1000CTH to the U.S. Navy Kingsbay Trident Re-fit Facility, announced on October 11, 2022.
Wayne Tupuola, chief executive officer of Laser Photonics, commented: "We announced last week the latest sale of our CleanTech Laser Blasting Technology to the U.S. Navy, which has now been delivered. Including this sale, we have now sold eight systems for a total of $750,000 to the Fairchild and Hurburt Airforce Bases, the Army depot/supply core, the Navy Special Warfare Group, SOCOM (2 systems) and the Department of Veteran Affairs over the past 18 months.
"These initial units are being used to develop standard operating procedures and processes, and once developed, we expect to see follow-on purchases from each buyer. In addition, we are continually working to penetrate new parts of the U.S. government, including the DoD, to demonstrate the safety, hazard, efficiency and financial benefits of using our technology to drive sales to new customers within the organizations."