Welding Fume Extraction Equipment Market Poised For Steady Growth In The Future Till 2033

[Latest Market Trends]

It is anticipated that the global market for welding fume extraction equipment will experience a 5.5% compound annual growth rate (CAGR) between 2023 and 2033. With this growth trajectory, the overall market value is forecasted to reach US$ 7.4 billion by 2033, a significant increase from the 2023 value of US$ 4.3 billion.

The demand for welding fume extraction equipment is poised for global expansion, transcending geographical boundaries. Industries recognize the importance of investing in effective welding fume extraction systems to adhere to regulatory standards and enhance workplace safety for employees. Additionally, stringent environmental regulations concerning workplace exposure to hazardous gases produced during welding processes have contributed to this worldwide transition.

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In addition, more building projects are underway to meet the demands of a booming economy and population. So, the higher use of welding fume extraction equipment at building and construction sites is helping the overall market as a whole to grow. Other effective marketing techniques for popularizing welding fume extraction equipment can be targeted advertising, participation in trade fairs and exhibits, and internet marketing.

Key Takeaways:

By the end of 2033, the market in the United States is expected to progress at an annual growth rate of 5.4%. This regional market could contribute to a revenue share of US$ 1.4 billion by following this higher CAGR than other countries by 2033.
In terms of worldwide revenue, China alone is poised to account for a sizeable market share of 20% by the end of 2033. This regional market is projected to capture a 5.3% CAGR until 2033, concluding at US$ 1.6 billion.
In terms of units, the mobile welding fume extraction equipment segment is poised to advance at a CAGR of 5.4% over the next ten years. Its sales remain higher as it is excellent for areas where there may be a need for more space due to its small size.
Arc welding is widely used in many applications, increasing its sizeable revenue share in the overall market among all application segments. During the forecast years, the revenue share obtained from sales of fume extraction equipment for arc welding is poised to grow at 5.2%.
Competitive Landscape:

Parker Hannifin, Fumex, AAF International, Air Quality Engineering, and Lasermet are some leading players in the global welding fume extraction equipment market. To tap into expanding markets and broaden their consumer base, leading welding fume extraction equipment manufacturers are expanding their operations into new geographic areas.

While meeting the unique needs of distinct regions requires setting up regional production facilities, distribution networks, and sales and service centers. So, the overall market is anticipated by FMI to get diversified further in the coming days with the emergence of new market players.

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Recent Market Developments:

KEMPER Company released the WallMaster filtration system in August 2020 to aid metalworking businesses in optimizing employee safety during welding processes. It is a fixed filter machine that can accommodate two workstations simultaneously and is made especially for filtering medium amounts 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