Albany, NY -- (SBWIRE) -- 01/16/2015 -- Due to the slowdown in economic growth, China shipbuilding, construction machinery and steel structure industries have suffered depression. As a result, the demand for crude steel products is on a decline, leading to a falling demand for inverter welding and cutting equipments. In 2013, China inverter welding and cutting equipment industry achieved single-digit growth rate, with the overall market size reporting RMB10.4 billion, on a par with 2012 in the main.

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2013 witnessed a rising proportion of inverter welding and cutting equipments to 35% of the total in China, reflecting a narrowing gap comparing to developed countries. As the inverter technology becomes popular, the advantage of the inverter welding and cutting equipment grows conspicuous, and the pace to replace traditional welding and cutting equipments is speeding up. It is expected that the proportion of inverter welding and cutting equipments in the overall welding and cutting equipment industry will jump to 50% by 2015.

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Shenzhen Riland Industry boasts China's largest inverter welding and cutting equipment manufacturer, with the capacity of inverter welder approaching 600,000 sets. In 2012, the company's output and sales volume claimed 588,045 sets and 598,713 sets respectively, of which, 90% were inverter welding equipments. In H1 2013, the revenue of the company from inverter welding equipments business decreased by 9.76% year-on-year, as a result of the weakened downstream demand. In recent two years, Shenzhen Riland Industry has got its laggard sales network improved. At the same time, the construction of its Kunshan-based project is expected to further improve its production capability. And the business performance of the company is expected to see a robust growth when the industry rebounds.

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Shenzhen Jasic Technology, China's second largest inverter welding and cutting equipment manufacturer, has realized the capacity of inverter welding and cutting equipments approximating between 400,000 and 500,000 sets. In 2012, the output and sales volume of the company hit RMB425,424 sets and 425,953 sets, respectively, of which, inverter welding equipments took up 92% of the total. In H1 2013, under the backdrop of sluggish industrial status quo, the revenue from its inverter welding equipment business saw a slight increase by 2.7% year-on-year. In 2013, the company's Shenzhen-based inverter welding equipment project realized full capacity. With the growing demand in the future, the business performance of the company is expected to see rapid rise.

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Since the 21st century, China has seen rapid development of the welding equipment industry, and become the world's largest producer and exporter of welding equipment. In 2013, the enterprises with the annual sales revenue of over RMB20 million in the welding and cutting equipment industry achieved the revenue of RMB41.18 billion, representing a year-on-year increase of 19.49%. From January to October of 2014, these enterprises earned the revenue of RMB34.29 billion.

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