Welding Fume Extraction Equipment Global Market Report 2023: Sector to Reach $3.36 Billion by 2027 at a 6% CAGR

Dublin, May 18, 2023 (GLOBE NEWSWIRE) -- The "Welding Fume Extraction Equipment Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The global welding fume extraction equipment market is expected to grow from $2.48 billion in 2022 to $2.66 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The welding fume extraction equipment market is expected to reach $3.36 billion in 2027 at a CAGR of 6%.

Increasing construction activities is significantly contributing to the growth of the fume 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.

Product innovation is the major trend gaining popularity in the welding fume extraction equipment market. Major companies operating in the welding fume extraction equipment market are focusing on providing innovative solutions to sustain their market position.

For instance, in February 2021, Donaldson Co. Inc, a US-based vertically integrated filtration company launched, the Torit Downflo Ambient weld fume extractor. The new welding fume extraction equipment gives fabricators the ability to weld in various workstation configurations. Without hoods or ductwork, the collector extracts welding fumes. The dust disposal drawer and hinged access doors enable turnkey filter replacements, and it is prewired with an integrated control panel for easy installation.

In July 2022, Nederman, a Sweden-based industrial air filtration company acquired RoboVent for an undisclosed amount. The acquisition made Nederman a major player in the US weld fume extraction market. RoboVent is a US-based air filtration and industrial ventilation company which provides welding fume extraction equipment.

Asia-Pacific was the largest region in the welding fume extraction equipment market in 2022. The regions covered in welding fume extraction equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the welding fume extraction equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
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Description:

Where is the largest and fastest growing market for welding fume extraction equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The welding fume extraction equipment market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:
• The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
• The impact of higher inflation in many countries and the resulting spike in interest rates.
• The continued but declining impact of COVID-19 on supply chains and consumption patterns.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope
Markets Covered:

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

Key Attributes:

Key Topics Covered:

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. Welding Fume Extraction Equipment Market Size And Growth

6. Welding Fume Extraction Equipment Market Segmentation

7. Welding Fume Extraction Equipment Market Regional And Country Analysis

A selection of companies mentioned in this report includes

• Air Liquide Welding Group
• Donaldson Company Inc
• Filcar S.P.A
• Kemper America Inc
• Lincoln Electric Co
• Miller Electric Mfg Co
• Pace Wide
• Parker Hannifin Corporation
• Robovent Product Group Inc
• Sentry Air Systems Inc
• ESTA Extraction technology
• Air Cleaning Specialists Inc.
• PAT Technology Systems
• Fumex LLC
• Air Impurities Removal Systems
• Vactagon LLC

For more information about this report visit https://www.researchandmarkets.com/r/sbxoj4

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Attachment

• Global Welding Fume Extraction Equipment Market