According to research by Future Market Insights, the overall market valuation could be around US$ 4.3 billion in 2023. From the years between 2023 and 2033, the market is anticipated to expand at a compound annual growth rate of 5.5%. The total sales of welding fume extraction equipment globally can reach US$ 7.4 billion by the end of this forecast period, 2033.
Over the years, a sizable market for welding fume extraction equipment has developed in several sectors, including aerospace, automotive, construction, and manufacturing. One of the main causes of this rise is the rising demand for welding fume extraction equipment is rapid industrialization ongoing around the world.
Inhaling welding fumes is known to expose employees to several hazardous chemicals, including metal oxides, gases, and particulate matter. So, governments and regulatory agencies are putting strict rules and regulations to guarantee the security and well-being of employees where welding procedures are widely used. Also, the growing consciousness among businesses and employees about the need to uphold a safe workplace is another factor driving the market expansion.
Innovative products that offer more effectiveness, better filtration, and easier usability are being created by manufacturers to gain a competitive edge over their rivals. The adoption of welding fume extraction equipment is anticipated to increase with such technological developments and increased investments in research & development.
Modern welding fume extraction equipment is used more often to comply with laws, lower occupational health concerns, and enhance worker safety. Also, to reduce the emission of dangerous gases into the environment, such rules frequently compel businesses to make investments in efficient welding fume extraction equipment.
| Attributes | Details |
|---|---|
| Global Welding Fume Extraction Equipment Market Valuation in 2022 | US$ 4.1 billion |
| Estimated Global Market Share in 2023 | US$ 4.3 billion |
| Forecasted Global Market Size by 2033 | US$ 7.4 billion |
| Projected Global Market Growth Rate from 2023 to 2033 | 5.5% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 7.2% CAGR |
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As per the earlier records by FMI, the market's overall value was about US$ 3.1 billion in 2018. It followed a growth rate of 7.2% during the years between 2018 and 2022 and concluded at nearly US$ 4.1 million in 2022.
The need for welding fume extraction equipment has increased in all prominent geographical areas as industries continue to develop and grow across the world. However, specific industry standards or local or federal trade rules may hinder the expansion of the market at its full potential.
To address the infrastructure needs of expanding urban populations, governments and corporate organizations across all countries are spending extensively on construction projects. As cities grow and the demand for modernization increases, it can contribute to the emerging trends in fume extraction equipment markets.
What are the Driving Factors for the Global Welding Fume Extraction Equipment Market in the Forecast Years?
Establishing partnerships and strategic alliances with other business entities, academic institutions, or governmental agencies can promote innovation and information exchange among manufacturers. Such collaborations also may result in the creation of standards for the industry, recommendations for best practices, and improvements in welding fume extractor technology.
In addition to this, it's important to remember that welding fume extraction equipment is only one part of a thorough strategy for welding safety. A safe workplace includes other measures like PPEs and routine equipment maintenance and inspection that play a crucial role in the long term.
| Top Product Type Segment | Mobile Units |
|---|---|
| Top Market Segment Historical CAGR from 2018 to 2022 | 7% |
| Top Market Segment Forecasted CAGR from 2023 to 2033 | 5.4% |
Mobile units are quite popular because they are perfect for small fabrication and welding facilities that need light- to medium-duty welding fume extractors. Due to their portability and compactness, this segment is anticipated to continue to grow at a higher growth rate than stationary units. Also, this segment is especially advantageous for small-scale businesses or facilities where welding activities are intermittent or dispersed over several locations.
| Top Application Segment | Arc Welding |
|---|---|
| Top Market Segment Historical CAGR from 2018 to 2022 | 6.9% |
| Top Market Segment Forecasted CAGR from 2023 to 2033 | 5.2% |
The arc welding application segment always held a sizeable proportion of the market as it is a common welding technique used for a range of tasks. Arc welding techniques make for higher demand for welding fume extraction among all the applications. It is expected to retain its dominance during the forecast years as well.
Principal Consultant
| Regional Market Attributes | Details |
|---|---|
| Historical CAGR of the United States Market from 2018 to 2022 | 7.1% |
| Forecasted CAGR of the United States Market from 2023 to 2033 | 5.4% |
| Anticipated Overall Market Value in the United States by 2033 | US$ 1.4 billion |
| The United States Market Absolute Dollar Growth Until 2033 | US$ 552.4 million |
Satisfying the evolving demands in the United States involves creating equipment with greater efficiency, better-filtering systems, expanded safety features, and cutting-edge control mechanisms. Manufacturers are also collaborating with different end-use verticals operating beyond the boundaries to invent and release new and improved welding fume extraction equipment.
| Regional Market Attributes | Details |
|---|---|
| Historical CAGR of the United Kingdom Market from 2018 to 2022 | 6.9% |
| Forecasted CAGR of the United Kingdom Market from 2023 to 2033 | 5.2% |
| Anticipated Overall Market Value in the United Kingdom by 2033 | US$ 290.1 million |
| Projected Growth of the Market Until 2033 in Absolute Dollar | US$ 114.6 million |
Europe's commitment to environmental causes as well as safeguarding the safety and well-being of their workers is demonstrated by their adoption of new laws. Adequate control measures to limit the hazards connected with welding emissions by mandating businesses are expected to drive the demand for welding fume extraction equipment.
| Regional Market Attributes | Details |
|---|---|
| Historical CAGR of the China Market from 2018 to 2022 | 7.1% |
| Forecasted CAGR of the China Market from 2023 to 2033 | 5.3% |
| Anticipated Overall Market Value in China by 2033 | US$ 1.6 billion |
| China Market Absolute Dollar Growth Until 2033 | US$ 649.7 million |
Overall, the adoption of new laws mandating worker safety in industries that provide welding services can drive the Asia Pacific market. Moreover, the economies and urban populations of nations like China, India, and South East Asia are expanding quickly. So, in the coming days, FMI projects the welding fume extraction equipment manufacturers based in the Asia Pacific may witness higher growth rates than ever.
| Regional Market Attributes | Details |
|---|---|
| Historical CAGR of the Japan Market from 2018 to 2022 | 7% |
| Forecasted CAGR of the Japan Market from 2023 to 2033 | 5.3% |
| Anticipated Overall Market Value in Japan by 2033 | US$ 1.4 billion |
| Japan Market Absolute Dollar Growth Until 2033 | US$ 572 million |
The Middle East and Africa region is seeing a significant rise in demand for welding fume extraction equipment, particularly in the construction industry. Megaprojects, such as extensive infrastructure programs and urban development strategies, are what are driving the sales of welding fume extraction equipment in some countries.
| Regional Market Attributes | Details |
|---|---|
| Historical CAGR of the South Korea Market from 2018 to 2022 | 6.4% |
| Forecasted CAGR of the South Korea Market from 2023 to 2033 | 5% |
| Anticipated Overall Market Value in South Korea by 2033 | US$ 359.5 million |
| South Korea Market Absolute Dollar Growth Until 2033 | US$ 135.2 million |
Leading welding fume extraction equipment manufacturers are increasing their market share by satisfying shifting technical requirements from diverse end-use verticals or industries. While new welding fume extraction equipment suppliers and allied businesses now have an opportunity to profit from the increasing demand from the construction sector.
To broaden their product offering, clientele, and market reach, businesses may buy out or combine with other companies operating in this industry. New market players may swiftly acquire new technology, knowledge, and resources to come up with customized products as per the requirement of specific industries. For instance, end users now have a stationary filtering option with the launch of the WallMaster filter system by KEMPER GmbH in August 2020.
How can Welding Fume Extraction Equipment Manufacturers Scale their Businesses in the Global Market?
Manufacturers can offer their customers Local exhaust ventilation (LEV) systems that supplement the primary measures established with welding fume extraction equipment. Systems for local exhaust ventilation are created to catch and eliminate welding emissions at the source, thereby reducing the risk of inhalation.
Superior welding fume technology can make it easier to reach new markets, improve research and development capacities, and foster information sharing. Besides, they can also put effort into creating awareness and knowledge among end users about welding equipment with occupational risks and diseases connected to welding.
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million or US$ billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; the Middle East & Africa; East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Application, and By Region |
| Key Companies Profiled | Parker Hannifin Corporation; Fumex; Inc.; AAF International (American Air Filter); Air Quality Engineering; Lasermet Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at US$ 4.3 billion in 2023.
From 2018 to 2022, the market registered a CAGR of 7.2%.
The market is estimated to reach US$ 7.4 billion in 2033.
The growth potential of the market is 5.5% from 2023 to 2033.
Parker Hannifin Corporation, Fumex, Inc. and, Lasermet Ltd. AG are the top market players.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Mobile Value (US$ Million) & Volume (Units)s
5.3.2. Stationary Value (US$ Million) & Volume (Units)s
5.3.3. Large Centralized Systems
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Arc Welding
6.3.2. Resistance Welding
6.3.3. Laser Beam Welding
6.3.4. Oxy-Fuel Welding
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Product Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. U.K.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Product Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Product Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Product Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. U.S.
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Product Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Product Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Product Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Product Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Product Type
13.5.2.2. By Application
13.6. U.K.
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Product Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Product Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Product Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Product Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Product Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Product Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Product Type
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Product Type
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Product Type
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Product Type
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Product Type
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Product Type
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Product Type
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Product Type
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Product Type
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Product Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Parker Hannifin Corporation
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Fumex, Inc.
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. AAF International
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Air Quality Engineering
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Lasermet Ltd.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Sentry Air Systems, Inc
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Nederman Holding AB
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. PlymoVent Group BV
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Industrial Maid, LLC
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Techflow Enterprises Pvt, Ltd.
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Welding Fume Extraction Equipment Market
