Overview and Scope
Welding fume extraction equipment refers to equipment used to remove welding fumes produced by working with metals used in welding applications. It is used to prevent overexposure to the fumes and gases produced during welding and cutting.
Sizing and Forecast
The welding fume extraction equipment market size has grown strongly in recent years. It will grow from $2.63 billion in 2023 to $2.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to occupational safety regulations, awareness of health hazards, global economic trends, government initiatives, industrial growth.
The welding fume extraction equipment market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising awareness and stringency of regulations, increased emphasis on worker health and safety, expansion of end-use industries, global economic outlook, integration of iot and automation. Major trends in the forecast period include advancements in technology, stringent regulatory standards, increased adoption of portable solutions, environmentally sustainable solutions, collaborations and partnerships.
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Segmentation & Regional Insights
The welding fume extraction equipment market covered in this report is segmented –
1) By Product: Mobile Units, Stationary Units, Large Centralized Systems
2) By Application: Arc Welding, Resistance Welding, Laser Beam Welding, Oxy-Fuel Welding
3) By Vertical: Aerospace, Automotive, Building And Construction, Energy, Oil And Gas, Marine, Other Verticals
Asia-Pacific was the largest region in the welding fume extraction equipment market in 2023. The regions covered in the welding fume extraction equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing construction activities is significantly contributing to the growth of the welding fume extraction equipment market going forward. Construction activities refer to the area of business and manufacturing that is concerned with building, preserving, and fixing infrastructure. Welding fume extraction equipment is used to capture fumes generated from welding operations in the construction sector which keeps the work environment for construction site workers safe as welding fumes are associated with major health concerns such as lung disease, nerve damage, and so on. For instance, according to a 2022 report published by the Bureau of Economic Analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, increasing construction activities is driving the growth of the welding fume extraction equipment market.
Key Industry Players
Major companies operating in the welding fume extraction equipment market are focusing on launch of new product to cater to the demand of customers. For instance, in December 2022, Fronius International GmbH, an Austrian photovoltaic manufacturer, launched the user-friendly Exento extraction welding torch and two mobile, high-performance Exento extraction systems as adequate protection against welding fumes. These new extraction solutions are a perfectly coordinated duo, consisting of the ergonomically designed Exento fume extraction torch and the compact, mobile high-vacuum extraction system ExentoHighVac.
The welding fume extraction equipment market report table of contents includes:
1. Executive Summary
2. Welding Fume Extraction Equipment Market Characteristics
3. Welding Fume Extraction Equipment Market Trends And Strategies
4. Welding Fume Extraction Equipment Market – Macro Economic Scenario
5. Global Welding Fume Extraction Equipment Market Size and Growth
…..
31. Global Welding Fume Extraction Equipment Market Competitive Benchmarking
32. Global Welding Fume Extraction Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Welding Fume Extraction Equipment Market
34. Welding Fume Extraction Equipment Market Future Outlook and Potential Analysis
35. Appendix
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