PUBLISHER: The Business Research Company | PRODUCT CODE: 1274716
PUBLISHER: The Business Research Company | PRODUCT CODE: 1274716
“Welding Fume Extraction Equipment Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on welding fume extraction equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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 ” from The Business Research Company 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 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.
Major players in the welding fume extraction equipment market are 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, and Vactagon LLC.
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The welding fume extraction equipment market is expected to reach $3.36 billion in 2027 at a CAGR of 6%.
The welding fume extraction equipment consists of sales of mobile fume extractors, stationary fume extractors, and extraction hoods. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
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 main products of welding fume extraction equipment are mobile units, stationary units, and large centralized systems. A mobile unit refers to a vehicle outfitted with the basic equipment or resources required for a specific purpose. The various applications involved are arc welding, resistance welding, laser beam welding, and oxy-fuel welding which are used by aerospace, automotive, building and construction, energy, oil and gas, marine and others.
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.
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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The welding fume extraction equipment market research report is one of a series of new reports from The Business Research Company that provides welding fume extraction equipment market statistics, including welding fume extraction equipment industry global market size, regional shares, competitors with welding fume extraction equipment market share, detailed welding fume extraction equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the welding fume extraction equipment industry. This welding fume extraction equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.