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Fiber Laser Market worth $12.8 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, July 30, 2024 /PRNewswire/ — The fiber laser market to grow from USD 7.7 billion in 2024 and is expected to reach USD 12.8 billion by 2029, growing at a CAGR of 10.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The key factors contributing to the growth of the fiber laser market include the Industrial automation boosts fiber laser adoption for their precision, efficiency, and reliability, growing demand for fiber lasers in medical and healthcare industries, rising adoption of fiber lasers in consumer electronics, expansion of 3D printing and additive manufacturing. Fiber lasers offer high energy efficiency, low maintenance, and long lifespan.

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Browse in-depth TOC on “Fiber Laser Market” 
100 – Tables
50 – Figures
220 – Pages

Fiber Laser Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 7.7 billion

Estimated Value by 2029

$ 12.8 billion

Growth Rate

Poised to grow at a CAGR of 10.8%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Operation Mode, Output Power, Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Shortage of skilled professionals

Key Market Opportunities

Advanced UV Fiber Lasers

Key Market Drivers

Industrial automation boosts fiber laser adoption for their precision, efficiency, and reliability

Continuous wave to hold largest share of fiber laser market from 2024 to 2029.

With the advancement in laser technology and growing automation of manufacturing, continuous wave (CW) fiber lasers are gaining more popularity. Thus, industries are adopting fiber lasers due their high performance and reliability for higher productivity and cost-effectiveness. As new technologies evolve CW fiber lasers will revolutionize the way in which end-products are manufactured across various industries.

High power fiber lasers segment to grow at highest CAGR from 2024 to 2029

High power fiber lasers are designed and well suited for industrial manufacturing, automotive, oil & gas, and iron & steel sectors. High power fiber lasers are utilized in application which requires high power, precision and cost-effectiveness making them indispensable for challenging tasks such as thick metal cutting, deep welding as well as high-speed drilling. High power fiber lasers offer an efficient tool for higher productivity, shorter production times and improved overall operational efficiency in various sectors.

Ultrafast fiber laser to grow at second fastest CAGR from 2024 to 2029

The ultrafast fiber laser segment is set to have the second fastest growth rate during forecast period from 2024 to 2029. Due to rising need for high precision tools in various fields such as medical research, healthcare, and manufacturing the market for ultrafast fiber laser is booming. Ultrafast fiber lasers release high powerful pulses, which allows for micro-machining, delicate cutting, and complicated fabric processing with low heat damage. As industries look for ways to boost efficiency and accuracy in complex manufacturing tasks, the market for ultrafast fiber lasers is expected to grow during the forecast period.

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Europe held the second largest share of the fiber laser market in 2023.

The fiber laser industry in Europe is growing due to the rising demand for high-bandwidth broadband connections, for instance, as of 2023 92% of European union households are are having internet access. Key players automotive, aerospace & defense, and medical sectors, such as Volkswagen, Daimler, Airbus, Dassault Aviation, and Novartis, further fuels the demand for fiber laser products and solutions. Companies like TRUMPF (Germany), JENOPTIK AG (Germany), LUMIBIRD (France), and Bystronic Laser (Switzerland) contributes to the growth of fiber laser market.

Coherent Corp. (US), Trumpf (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics Corporation (US), and Wuhan Raycus Fiber Laser Technologies Co., Ltd. (China).  are the major players in fiber laser companies. These players have implemented various strategies to extend their global reach and enhance their market shares.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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NOVOSENSE reports 66.7% H1 revenue growth, showcases system-level IC solutions for AI server power

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SHANGHAI, Sept. 4, 2026 /PRNewswire/ — NOVOSENSE (HKEX: 02676), a provider of analog and mixed-signal ICs for automotive, industrial and energy applications, reported first-half 2026 revenue of approximately $374.54 million, up 66.73 percent year-on-year. The company has recorded sequential revenue growth for multiple consecutive quarters. Net profit attributable to shareholders reached approximately $9.97 million.

Automotive electronics revenue increased by about 60 percent and accounted for 32.38 percent of total revenue. Shipments reached 534 million automotive chips, bringing cumulative shipments to more than 1.95 billion units.

Revenue from industrial and energy applications rose about 84 percent and accounted for 57.96 percent of total revenue, driven by demand from energy storage, industrial automation and digital power applications, including server power supplies. Consumer electronics accounted for 9.65 percent.

In AI server power applications, NOVOSENSE’s high-voltage GaN driver ICs and mid- and low-voltage GaN co-packaged products are shipping in volume. Selected products are in mass production with customers in China and other markets. Its MCUs have also entered mass production with a major customer.

NOVOSENSE offers a system-level portfolio spanning AC-DC power supplies, 800 V HVDC systems, rack-level DC-DC conversion and board-level power conversion. It covers isolation, gate driving, sensing, interfaces, power management and real-time control.

The portfolio comprises four core areas:

Isolation: Digital isolators, isolated power devices, and isolated sensing and interface ICs. Selected Adaptive OOK® products support data rates up to 150 Mbps, propagation delays below 15 ns and common-mode transient immunity exceeding 150 kV/μs.Current sensing: The NSM201x, NSM211x and NSM204x Hall-effect current-sensor families support current measurement and protection in compact power systems.SiC/GaN gate driving: Isolated SiC gate drivers provide strong drive capability and integrated protection. GaN driver solutions incorporate negative-bias regulation and bootstrap management to simplify system design.Real-time control: MCUs featuring dual Arm Cortex-M7 cores operate at up to 400 MHz. Products include the NS800RT5039, NS800RT3025 and NS800RT1137.

At the PSU system level, NOVOSENSE also offers temperature sensors, precision voltage references, flyback controllers, LDOs, buck converters, voltage supervisors and signal buffers for monitoring, auxiliary power and protection. The company also provides device selection and application support.

Learn more: www.novosns.com

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From Industry to Home: TCL Brings Its Wider Energy Vision to IFA 2026

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The Inspiration Habitat shows how TCL’s experience across photovoltaic, energy storage and connected-home technology can support a more coordinated approach to future living

BERLIN, Sept. 4, 2026 /PRNewswire/ — At IFA 2026, TCL Industries and TCL Technology will jointly present frontier technologies and innovative products across three core sectors: smart devices, display and clean energy. Under the theme “Inspiration Habitat,” TCL creates an immersive exhibition space that visitors can step into, touch and experience, bringing its vision of AI-enabled smart living across every scenario to life.

TCL demonstrates how smart energy management is becoming an increasingly important part of the connected-home experience. By bringing together solar generation, battery storage, appliances and smart-home technologies, the company showcases a more integrated approach to how energy is produced, managed and consumed in everyday life.

Complete Home Energy Ecosystem

At IFA, TCL brings this journey full circle, demonstrating how expertise developed at industrial scale can help create smarter, more connected and more sustainable homes.

TCL’s showcase will include the latest residential energy solutions from SunPower Home Energy and TCL Smart Home, including new SunPower Origin back-contact panels, TCL T5 Pro TOPCon shingled and C2 back-contact panels, residential battery storage and heat pumps. An intelligent Home Energy Management System connects energy generation, storage, heating and household demand through a single platform, giving homeowners greater visibility and control over energy optimization to enable more sustainable living.

“What makes TCL’s energy vision unique is that it begins long before the home,” said Valentina Maggiore, Vice President Marketing, TCL SunPower, the solar division of TCL. “We don’t just develop energy technologies, we deploy them at scale across our own manufacturing operations. In 2025, renewable energy sources, including green electricity and self-generated solar power, accounted for 11.7% of TCL Industries’ energy consumption. Running large-scale solar and storage in our factories gives us practical insights that help to turn our operational experience into more reliable residential solutions.”

This approach gives tangible expression to TCL’s broader strategy, connecting its experience in advanced manufacturing, operational ESG initiatives, and smart technologies with practical solutions for consumers—spanning the entire journey from industrial innovation to life at home.

Experience TCL at IFA 2026

Visitors and media can experience the TCL Inspiration Habitat in Hall 21A, Messe Berlin, from 4 to 8 September 2026.

Product availability and supported features may vary by market.

For more information, download the TCL ESG Report 2025

# # #
Media Contact
Europe Press Relations
eupr@tcl.com

TCL SunPower Press Contact
anna.porta@tcl.com
# # #

About TCL

TCL is a leading consumer electronics brand and a global leader in the television industry. Operating in over 160 markets worldwide, TCL specializes in the research, development and manufacturing of consumer electronics products, including TVs, audio systems, home appliances, mobile devices, smart glasses, commercial displays and more.

About TCL SunPower Global

Backed by the global strength, financial stability, and technological leadership of the TCL Group, TCL SunPower Global is a leading solar energy provider committed to delivering high‑performance, reliable, and accessible solar solutions worldwide. The company combines advanced technology, vertically integrated manufacturing, and a strong focus on sustainability to drive the global energy transition. TCL SunPower Global brings together two complementary brands: SunPower, delivering premium, fully integrated residential energy solutions, and TCL-TCL Solar, providing high-performance, cost-effective solar and energy solutions. Together, they meet the diverse needs of the global solar market – from residential rooftop installations to commercial projects and utility‑scale developments.

More information: sunpowerglobal.com, tclsolar.com, and LinkedIn.

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SOURCE TCL

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Feng Shui Master Liang Consultancy Expands Client Reach Across Singapore and Malaysia as Business Enters Next Phase of Growth

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SINGAPORE, Sept. 4, 2026 /PRNewswire/ — Feng Shui Master Liang Consultancy is marking a new phase of business growth, expanding its reach beyond Singapore to serve a growing client base in Malaysia while strengthening its operations locally with a move to larger premises.

Founded in 2022 by Master Liang, the consultancy has developed from his independent Feng Shui practice, which began in 2018, into a growing consultancy providing personalised Residential and Commercial Feng Shui, Bazi consultation, Baby Naming and Auspicious Date Selection services for ROM and weddings, Caesarean births, grand openings and other important occasions.

The consultancy’s growth has been driven largely by existing client relationships and referrals, with clients introducing family members, friends and colleagues to Master Liang’s services. This network has also contributed to the consultancy’s growing presence in Malaysia, where engagements have included referrals as well as consultations connected to property investments made by existing clients.

“Many of our opportunities have grown naturally through the trust and support of our clients,” said Master Liang. “Clients who have worked with me have introduced their family members, friends and colleagues, and this has allowed the consultancy to gradually reach more people both in Singapore and Malaysia.”

Expanding Beyond Singapore

The expansion of services into Malaysia represents an important step in the consultancy’s development beyond its home market in Singapore.

As more existing clients develop personal and property interests across the region, Feng Shui Master Liang Consultancy has extended its services to support clients with needs in Malaysia. The development reflects the consultancy’s broader growth while maintaining the personalised approach that has been central to the practice since its beginnings.

In Singapore, the consultancy also reached another milestone in 2025 with its move from a smaller office to larger premises.

The expanded space was selected to provide greater privacy and comfort during consultations, while its central location makes the consultancy more accessible to clients travelling from different parts of Singapore.

Together, the larger Singapore premises and growing Malaysian client base reflect the consultancy’s progression from Master Liang’s early independent practice in 2018 to the establishment of Feng Shui Master Liang Consultancy in 2022 and its continued development today.

Growth Built on Long-Term Client Relationships

While the business continues to expand, Master Liang says maintaining long-term relationships with clients remains a key priority.

Rather than treating consultations as one-off engagements, the consultancy focuses on understanding each client’s individual circumstances and providing personalised guidance. Master Liang attributes much of the business’s development to this approach and the relationships established with clients over the years.

“I believe strongly in long-term relationships,” said Master Liang. “Every client who comes to me deserves the same respect, attention and quality of service. Personal interaction is something I want to preserve even as the business continues to grow.”

Master Liang also places an emphasis on helping clients understand the reasoning behind his recommendations.

These services form part of the consultancy’s broader aim of supporting clients across areas including career, business, family, relationships and personal development.

Looking Ahead

As Feng Shui Master Liang Consultancy enters its next stage of growth, its focus will remain on strengthening its presence in Singapore, serving its expanding client community in Malaysia and continuing to develop the practice while preserving its personalised service model.

Continued professional development will also remain a priority for Master Liang through ongoing learning, interaction with peers and the study of different cases as the practice responds to changing social and business environments.

“My priority moving forward is to continue having genuine, personal interactions with my clients and to provide thoughtful guidance based on their individual circumstances,” Master Liang said. “As we grow, I want that personal connection to remain at the heart of what we do.”

About Feng Shui Master Liang Consultancy

Founded in Singapore in 2022 by Master Liang, Feng Shui Master Liang Consultancy provides personalised Residential and Commercial Feng Shui, Bazi consultation, Baby Naming, Auspicious Date Selection and related services. Master Liang began practising Feng Shui and Bazi in 2018 and is a holder of DX lineage Yang Gong Yin Yang Zhai San He San Yuan Feng Shui.

The consultancy serves clients in Singapore and Malaysia and focuses on building long-term client relationships through personalised consultations and guidance.

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SOURCE Feng Shui Master Liang Consultancy

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