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【English Market Research Report】Fiber Laser Market

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The global market size for fiber lasers reached 2.5 billion USD in 2022. Moving forward, the IMARC Group forecasts a growth rate of 9.2% (CAGR) between 2023 and 2028, predicting it will reach 4.3 billion USD by 2028. Fiber lasers are solid-state lasers that use optical fibers doped with rare earth elements such as neodymium, thulium, erbium, holmium, and praseodymium as the active medium. By using rare earth elements, it is possible to obtain a high-output, cost-effective diode laser excitation source. As a result, fiber lasers are more compact, reliable, and efficient both electrically and optically compared to traditional lasers, providing excellent beam quality and high peak energy. Additionally, because the optical path is sealed, they exhibit superior stability, high precision, and excellent environmental resistance.

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【English Market Research Report】Global Market for Fiber Lasers

Global Fiber Laser Market 2023-2027

The report states that the market size for fiber lasers is expected to grow by USD 8.7064 billion between 2023 and 2027, with a CAGR of 11.05% during the forecast period. This report on the fiber laser market provides a comprehensive analysis, market size and forecast, trends, growth drivers and challenges, as well as vendor analysis covering approximately 25 vendors. It offers the latest analysis of current global market trends and drivers, as well as the overall market environment. The market is driven by the increasing demand for high-power fiber lasers, the demand for productivity improvements, and the decreasing demand for CO2 lasers. This study reveals that the growth of the three-dimensional (3D) printing market is one of the key reasons for the growth of the fiber laser market in the coming years. It also states that the demand for 1-2 kilowatt (KW) laser sources and the increasing demand for nanosecond pulsed fiber lasers will lead to significant market demand.

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