![]() ![]() Mobile units are quite popular because they are perfect for small fabrication and welding facilities that need light- to medium-duty welding fume extractors. Mobile Welding Fume Extraction Equipment to Win the Race against Other Product Types Top Market Segment Forecasted CAGR from 2023 to 2033 Top Market Segment Historical CAGR from 2018 to 2022 A safe workplace includes other measures like PPEs and routine equipment maintenance and inspection that play a crucial role in the long term.Ĭategory-wise Insights Top Product Type Segment 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. Such collaborations also may result in the creation of standards for the industry, recommendations for best practices, and improvements in welding fume extractor technology. ![]() What are the Driving Factors for the Global Welding Fume Extraction Equipment Market in the Forecast Years?Įstablishing partnerships and strategic alliances with other business entities, academic institutions, or governmental agencies can promote innovation and information exchange among manufacturers. ![]() As cities grow and the demand for modernization increases, it can contribute to the emerging trends in fume extraction equipment markets. To address the infrastructure needs of expanding urban populations, governments and corporate organizations across all countries are spending extensively on construction projects. However, specific industry standards or local or federal trade rules may hinder the expansion of the market at its full potential. The need for welding fume extraction equipment has increased in all prominent geographical areas as industries continue to develop and grow across the world. It followed a growth rate of 7.2% during the years between 20 and concluded at nearly US$ 4.1 million in 2022. Forecast Outlook (2023 to 2033)Īs per the earlier records by FMI, the market's overall value was about US$ 3.1 billion in 2018. Global Welding Fume Extraction Equipment Market Historical Analysis (2018 to 2022) Vs. Historical Market Growth Rate from 2018 to 2022 Projected Global Market Growth Rate from 2023 to 2033 Global Welding Fume Extraction Equipment Market Valuation in 2022 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. Modern welding fume extraction equipment is used more often to comply with laws, lower occupational health concerns, and enhance worker safety. ![]() The adoption of welding fume extraction equipment is anticipated to increase with such technological developments and increased investments in research & development. Innovative products that offer more effectiveness, better filtration, and easier usability are being created by manufacturers to gain a competitive edge over their rivals. Also, the growing consciousness among businesses and employees about the need to uphold a safe workplace is another factor driving the market expansion. 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. Inhaling welding fumes is known to expose employees to several hazardous chemicals, including metal oxides, gases, and particulate matter. One of the main causes of this rise is the rising demand for welding fume extraction equipment is rapid industrialization ongoing around the world. Over the years, a sizable market for welding fume extraction equipment has developed in several sectors, including aerospace, automotive, construction, and manufacturing. The total sales of welding fume extraction equipment globally can reach US$ 7.4 billion by the end of this forecast period, 2033. From the years between 20, the market is anticipated to expand at a compound annual growth rate of 5.5%. Global Welding Fume Extraction Equipment Market Outlook (2023 to 2033)Īccording to research by Future Market Insights, the overall market valuation could be around US$ 4.3 billion in 2023. ![]()
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