I found limit of 112 V (to be precise it is 113V) in standard for welding machines 60974-1:
Here is an excerpt:
11.1.1 Rated no-load voltage for use in environments with increased hazard
of electric shock
The rated no-load voltage shall not exceed:
a) d.c. 113 V peak;
b) a.c. 68 V peak and 48 V r.m.s.
11.1.2 Rated no-load voltage for use in environments without increased hazard of electric shock
The rated no-load voltage shall not exceed:
a) d.c. 113 V peak;
b) a.c. 113 V peak and 80 V r.m.s.