Why is laser processing equipment widely used in terminal applications with unlimited market potential? Firstly, in the short term, laser cutting equipment will still be the largest component of the laser processing equipment market. With the continued expansion of lithium batteries and photovoltaics, laser processing equipment is set to experience a significant increase in demand. Secondly, the industrial welding and cleaning markets are huge, with low penetration rates of their downstream. They have the potential to become the main growth drivers in the laser processing equipment market, potentially overtaking laser cutting equipment. Lastly, in terms of cutting-edge applications of lasers, laser micro-nano processing and laser 3D printing can further open up the market space. Laser processing technology will remain one of the mainstream material processing technologies for a considerable amount of time in the future. The scientific and industrial communities are continuously exploring various aspects of laser processing technology.