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Tech Companies Bullish on Global Laser Cleaning Market as Revenue Opportunities Continue to Climb

PR Newswire - Mon Oct 17, 2022

Palm Beach, Fla., Oct. 17, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary Laser cleaning system is an innovative system for surface preparation and an environmentally friendly processing system. Laser cleaning is an effective cleaning technique for removing contaminants from solid surfaces. Laser cleaning processes, is one of the promising solutions to remove surface contaminants such as oil, grease and other organic and inorganic. Laser cleaning technology is safe, environmentally friendly and very cost effective way to improve cleaning, surface preparation and paint removal processes. Actually the laser cleaning has been used in many fields from microelectronic to radioactively contaminated metals. Abrasive blasting systems create substantial waste and damage delicate surfaces, and the use of chemical solvents causes potentially hazardous vapors and liquid waste products. Such issues led to the adoption of laser technology-based solutions for surface cleaning. A report from Market Growth Reports projected that the Global Laser Cleaning market is estimated to be worth USD 699.1 million in 2022 and is forecast to a readjusted size of USD 889.7 million by 2028 with a CAGR of 4.1% during the review period.   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), nLIGHT, Inc. (NASDAQ: LASR).

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