Dublin, March 27, 2023 (GLOBE NEWSWIRE) -- The "Welding Fume Extraction Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Welding Fume Extraction Equipment Market to Reach $6.3 Billion by 2030
The global market for Welding Fume Extraction Equipment estimated at US$4.1 Billion in the year 2022, is projected to reach a revised size of US$6.3 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.
Mobile Units, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$2.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Stationary Units segment is readjusted to a revised 4.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 6.7% CAGR
The Welding Fume Extraction Equipment market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$920.1 Million by the year 2030.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 384 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.1 Billion |
| Forecasted Market Value (USD) by 2030 | $6.3 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Welding Fume Extraction Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
- How Major End-Use Industries Are Impacted by the Pandemic & What's the New Normal?
- Manufacturing Industry
- The Pandemic Accelerates the Momentum Towards Manufacturing Automation
- Automotive Manufacturing
- Construction Industry
- Welding Fume Extraction Equipment: Definition, Scope, Importance, Benefits & Applications
- Recent Market Activity
- Innovations
MARKET TRENDS & DRIVERS
- Robust Outlook for Welding Machines Provides the Foundation for Growth in the Market
- Health Risks & Stringent Worker Safety Regulations Spur Adoption
- Adoption of Laser Welding Bodes Well for Increased Adoption of Welding Fume Extraction Equipment
- Laser Welding is a Fast Emerging Trend in Production
- Although Effective, Laser Welding Emits Hazardous Fumes that Mandate Use of Welding Fume Extraction Equipment
- Increased Adoption of Automated & Robotic Wielding Systems Drives the Need for Welding Fume Extraction Equipment
- Focus on Automation Pushes Up Investments in Robotic Welding
- Robotic Welding Creates Hazardous Fumes & Dust
- Robotic Fume Extraction Rises in Popularity
- Plasma Wielding Aggravates the Threat of Toxic Fumes Driving Demand for Welding Fume Extraction Equipment
- Technological Advancements and Innovations Contribute to Market Growth
FOCUS ON SELECT PLAYERS (Total 34 Featured)
- Donaldson Company Inc.
- Filcar Spa
- Kemper America Inc.
- Lincoln Electric Holdings, Inc.
- Miller Electric Mfg. LLC
- PACE Worldwide
- Parker-Hannifin Corporation
- RoboVent, Inc.
- Sentry Air Systems, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/vr3hdb
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