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Laser Cleaning Market Projected To Exceed $800 Million By 2030

PR Newswire - Thu Oct 13, 2022

PALM BEACH, Fla., Oct. 13, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - The Global Laser Cleaning Market helps companies across a wide number of industries to increase revenues by extending the life of their facilities. The technique of eliminating material from a solid (or occasionally liquid) surface by irradiating it with a laser beam is known as laser ablation or cleaning. The Global Laser Cleaning Market is being driven by several factors, including the rising adoption of laser cleaning technology, and increased use in the automotive industry, manufacturing plants, and factories. Laser cleaning is a process that uses laser radiation to remove waste or contaminants from a surface, such as carbon, silicon, and rubber. Mechanical lasers have enhanced fundamental cutting and welding applications by being more financially smooth and reactive. Laser cleaning is a cost-effective and ecologically friendly technology that is employed in a variety of businesses throughout the world. Laser cleaning may be divided into two categories. The first way entails removing the entire top layer of the material, whereas the second method entails removing the surface layer. A high-power, extremely short laser pulse is directed towards the to-be-cleaned surface. A report from Verified Market Research projected that the Laser Cleaning Market size was valued at USD 587.18 Million in 2021 and is projected to reach USD 803.28 Million by 2030, growing at a CAGR of 4.10% from 2022 to 2030.  Active Companies in the markets today include:  Laser Photonics Corporation (NASDAQ: LASE), IPG Photonics Corporation (NASDAQ: IPGP), Lumentum Holdings Inc. (NASDAQ: LITE), Novanta Inc. (NASDAQ: NOVT), AXT, Inc. (NASDAQ: AXTI).

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Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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