Welding Fume Extraction Equipment Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Welding Fume Extraction Equipment Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
— The Business Research Company
LANDON, GREATER LANDON, UNITED KINGDOM, September 20, 2024 /EINPresswire.com/ — The welding fume extraction equipment market has experienced robust growth in recent years, expanding from $2.63 billion in 2023 to $2.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to occupational safety regulations, awareness of health hazards, global economic trends, government initiatives, industrial growth.
What Is The Estimated Market Size Of The Global Welding Fume Extraction Equipment Market And Its Annual Growth Rate?
The welding fume extraction equipment market is projected to continue its strong growth, reaching $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising awareness and stringency of regulations, increased emphasis on worker health and safety, expansion of end-use industries, global economic outlook, integration of iot and automation.
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Growth Driver Of The Welding Fume Extraction Equipment Market
The growing global automotive industry is expected to be a key driver of the welding fume extraction equipment market. The automotive industry encompasses the design, development, manufacturing, and sale of vehicles, including automobiles, motorcycles, and commercial vehicles. The automotive industry extensively utilizes welding processes, including robotic welding for complex designs and precise parts, leading to a higher adoption of centralized welding fume extraction equipment. This adoption is driven by the need to comply with health and safety workplace regulations and reduce the risks of exposure to hazardous fumes, aligning with the stringent regulations set by various regulatory authorities. As a result, the demand for welding fume extraction equipment in the automotive industry is expected to contribute significantly to the market’s growth.
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Which Market Players Are Steering The Welding Fume Extraction Equipment Market Growth?
Key players in the welding fume extraction equipment market include Air Liquide Welding S.A., Donaldson Company Inc., Filcar S.p.A., Kemper GmbH, Lincoln Electric Holdings Inc., Miller Electric Mfg. LLC, Pace International Corp., Parker Hannifin Corporation, RoboVent, Sentry Air Systems Inc., Environmental Systems Technology Group Inc.
What Are The Key Trends That Influence Welding Fume Extraction Equipment Market Share And Analysis?
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.
How Is The Global Welding Fume Extraction Equipment Market Segmented?
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
Geographical Insights: Asia-Pacific Leading The Welding Fume Extraction Equipment Market
Asia-Pacific was the largest region in the welding fume extraction equipment market in 2023. The regions covered in the welding fume extraction equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Welding Fume Extraction Equipment Market Definition
Welding fume extraction equipment refers to equipment used to remove welding fumes produced by working with metals used in welding applications. It is used to prevent overexposure to the fumes and gases produced during welding and cutting.
Welding Fume Extraction Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global welding fume extraction equipment market report covering trends, opportunities, strategies, and more
The Welding Fume Extraction Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on welding fume extraction equipment market size, welding fume extraction equipment market drivers and trends, welding fume extraction equipment market major players, welding fume extraction equipment competitors’ revenues, welding fume extraction equipment market positioning, and welding fume extraction equipment market growth across geographies. The welding fume extraction equipment market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Originally published at https://www.einpresswire.com/article/745010170/welding-fume-extraction-equipment-market-segments-drivers-restraints-and-trends-for-2024-2033
