Dublin, April 11, 2024 (GLOBE NEWSWIRE) -- The "Welding Fume Extraction Equipment - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Welding Fume Extraction Equipment estimated at US$4.3 Billion in the year 2023, is projected to reach a revised size of US$6.3 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2023-2030.
Mobile Units, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$2.8 Billion by the end of the analysis period. Growth in the Stationary Units segment is estimated at 4.3% CAGR for the next 8-year period.
The Welding Fume Extraction Equipment market in the U.S. is estimated at US$1.1 Billion in the year 2023. 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 5.9% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Key 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
The report features profiles of 34 featured companies. A selection of companies in the report includes:
- Parker Hannifin Corporation
- Fumex, Inc.
- AAF International (American Air Filter)
- Air Quality Engineering
- Lasermet Ltd.
- Sentry Air Systems, Inc.
- Nederman Holding AB
- PlymoVent Group BV
- Industrial Maid, LLC
- Techflow Enterprises Pvt, Ltd.
- Air Systems International, Inc.
- Air Impurities Removal Systems, Inc.
- AR FILTRAZIONI S.r.l.
- KITECH (Korea Institute of Industrial Technology)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 384 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $4.3 Billion |
| Forecasted Market Value (USD) by 2030 | $6.3 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Welding Fume Extraction Equipment - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Economic Outlook
- Welding Fume Extraction Equipment: Definition, Scope, Importance, Benefits & Applications
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- United States
- Canada
- Japan
- China
- Europe
- France
- Germany
- Italy
- United Kingdom
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Iran
- Israel
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East
- Africa
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/e669w7
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