Global Welding Fume Extraction Equipment Market to Surge at 5.5% CAGR, Projected to Reach US$ 7.4 Billion by 2033

The global market for welding fume extraction equipment is expected to undergo a steady compound annual growth rate (CAGR) of 5.5% from 2023 to 2033. This growth trajectory indicates that the overall market value is set to reach US$ 7.4 billion by 2033, marking a significant increase from the 2023 value of US$ 4.3 billion.

The demand for welding fume extraction equipment is on the rise, transcending borders and industries. Across the globe, industries are recognizing the imperative of investing in efficient welding fume extraction systems to meet regulatory standards and enhance workplace safety for their employees. Moreover, stringent environmental regulations pertaining to workplace exposure to hazardous gases generated during welding processes have further contributed to this global shift.

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Furthermore, the surge in building projects to cater to the demands of a thriving economy and growing population is contributing to the expansion of the market. The increased utilization of welding fume extraction equipment at building and construction sites is playing a pivotal role in driving the overall market growth. Employing targeted advertising, participation in trade fairs and exhibitions, and leveraging internet marketing are other effective strategies to promote welding fume extraction equipment.

Key Insights:

By the conclusion of 2033, the United States market is poised to exhibit a robust annual growth rate of 5.4%. This regional market's higher CAGR compared to other countries positions it to contribute significantly to a revenue share of US$ 1.4 billion by 2033.

On a global revenue scale, China alone is expected to hold a substantial market share of 20% by 2033. This regional market is projected to achieve a 5.3% CAGR until 2033, reaching a valuation of US$ 1.6 billion.

In terms of unit sales, the segment of mobile welding fume extraction equipment is projected to advance at a CAGR of 5.4% over the next decade. Its popularity remains high, especially in areas where space constraints might necessitate a compact size.

Arc welding enjoys widespread usage across various applications, contributing significantly to its substantial revenue share in the overall market among all application segments. The revenue share attributed to the sales of fume extraction equipment for arc welding is expected to grow at a CAGR of 5.2% during the forecast period.

Competitive Landscape:

Prominent players such as Parker Hannifin, Fumex, AAF International, Air Quality Engineering, and Lasermet are leading the global welding fume extraction equipment market. These key players are expanding their operations into new geographic regions to tap into expanding markets and broaden their consumer base.

To cater to the unique requirements of different regions, establishing regional production facilities, distribution networks, and sales and service centers is crucial. Consequently, the overall market is anticipated to witness further diversification in the coming years, facilitated by the emergence of new market players.

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Recent Market Developments:

In August 2020, KEMPER Company introduced the WallMaster filtration system, designed to enhance employee safety in metalworking operations during welding procedures. This stationary filter machine is capable of accommodating two workstations simultaneously and is specifically tailored for effectively filtering moderate quantities of welding fumes.

Key Segmentation:

By Product Type:
Mobile Units
Stationary Units
Large Centralized Systems

By Application:
Arc Welding
Resistance Welding
Laser Beam Welding
Oxy-fuel Welding
Other Applications

By Region:
North America Market
Latin America Market
Europe Market
East Asia Market
South Asia and Pacific Market
The Middle East and Africa (MEA) Market

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About Future Market Insights, Inc.
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This release was published on openPR.