According to overseas market research institutions, the global fiber laser cutting machine market will grow by about 7-8% CAGR in the next few years and reach US $2.35 billion by 2024. The demand for fiber laser cutting machines in North America and Europe will continue to grow, which will promote the market demand for more advanced fiber laser cutting machines.

At the same time, the increasing expenditure in the automotive field, the increasingly competitive environment of laser, the competitive launch of new products, the increase of general industrial expenditure, the promotion of the conversion process between old and new kinetic energy, and the increasing application scenarios and usage of fiber laser cutting machines... These factors will promote the growth of the Chinese market.

In recent years, due to China's technical position in the field of optical fiber laser cutting machine, its production share in the market has increased year by year, which is outstanding in the global optical fiber laser cutting machine industry.

From the current development situation, fiber laser will still be the mainstream industrial application light source in the next 5-10 years, and it has a solid position in functionality and application universality.

According to the data of the Special Committee on laser processing, in 2020, from the perspective of the laser cutting market, the output value increased by 15% and the installed capacity of equipment increased by 40% compared with 2019; below 10000 watts, domestic light sources occupy the mainstream; domestic light source 12KW power laser cutting machine, with 1500 installed.

At present, the domestic laser cutting process, supporting parts, software and hardware are further optimized, the cutting efficiency is significantly improved, and the 40kW domestic light source has been sold. In the future, with the help of the new infrastructure, including the application of construction machinery, it will continue to drive the laser cutting equipment represented by fiber laser cutting machine to usher in a new round of growth.

Nowadays, laser groove cutting is also a hot spot. Many domestic enterprises have begun to invest in R & D and achieved remarkable results. The groove cutting function is equipped on the high-power laser equipment, which can complete the groove processing completed by multiple processes such as traditional cutting, welding and milling at one time, greatly improve the processing efficiency, improve the product quality, improve the workpiece accuracy, save resources and costs, and flexibly cut special-shaped materials with different thicknesses, It is of great benefit to promoting technological innovation and equipment upgrading in the application industry.

Indeed, high-power fiber laser plays a leading role in the field of macro processing, in which laser cutting occupies a large market. With the development of fiber laser, laser cutting equipment has become a standard product.

From 2019, the cost performance of 10000 watt fiber laser began to break through the dominant position of plasma and flame processing in thick plate and other metal processing fields, and opened an accelerated replacement of traditional contact and low-precision metal processing methods. In the past two years, in the field of metal cutting, fiber lasers continue to develop towards higher power, and gradually replace the traditional cutting schemes in terms of cutting thickness and speed, environmental protection and safety.

Another market for laser processing is the 10000 watt high-power laser processing market.

In 2020, the market scale of this part will be about US $2.1 billion, and will show a steady upward trend in the next five years. In kilowatt class applications, metal cutting applications account for 70% of the current share; The other two types of applications are metal welding and additive manufacturing. Although some people in the industry predict that the metal welding market is expected to exceed the cutting Market in the future, the fastest growth in sales revenue in the next five years is the metal cutting application. It is expected that by 2022, 10000 watt fiber laser will reap a revenue of US $2.5 billion in metal cutting application.

There is no doubt that the fiber laser cutting machine industry is undergoing a new round of transformation and upgrading. In order to obtain more development momentum in the future, it needs to constantly climb new peaks. For example, to expand the versatility of equipment, modular design and multi module combination design can be adopted to realize new equipment suitable for different materials and processes.

In addition, equipped with a higher level of intelligent, automation and digital technology, as well as unique processes and solutions, optical fiber laser cutting equipment will be more useful in many fields such as new infrastructure, rail transit, shipbuilding, aerospace, automobile, engineering machinery, medical devices, kitchen and bathroom hardware, lighting industry, sheet metal processing and so on, Making continuous efforts to realize industry upgrading and high-end substitution and  escort the processing and manufacturing of high quality, high precision, high efficiency and high flexibility.