According to a new market report published by Transparency Market Research titled ‘Waterjet Cutting Machinery Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global waterjet cutting machinery market is expected to reach US$ 4,246.8 Mn by 2026, expanding at a CAGR of 8.0% from 2018 to 2026. In terms of volume, the market is expected to reach 77.01 thousand units by 2026, expanding at a CAGR of 7.7% from 2018 to 2026. North America held a prominent share in the global waterjet cutting machinery market in 2017.
Generally, a waterjet cutting system consists of three parts: the waterjet cutting machine, the control system, and an ultra-high-pressure pump. The function of the pump is to supply high-pressure water for the waterjet cutting machine. It is observed that when the pressure of water is increased by ultra-high-pressure pumps, it increases the cutting speed of waterjet cutting machines. For example, when pressure of water is 2,758 bar, the cutting speed is 47.1 inches/min and when the pressure of water is increased to 5,5516 bar, the cutting speed of waterjet cutting machines is increased to 148 inches/min.
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Waterjet cutting technology is a cold cutting process and does not create any HAZ (Heat- Affected Zone); hence there is no thermal deformation of materials that are cut. These machines can perform minute cutting jobs with a high level of precision and minimum kerf. A kerf is defined as width of a cut made by a waterjet cutting machine. The machines are environment friendly as they cut materials without producing any heat, dust, or smoke unlike other cutting technologies such as laser cutting or plasma cutting. Water is a naturally found material, so no additional cost is involved in sourcing of raw materials. Globally, there is an increasing demand for waterjet cutting machines due to all these factors.