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Welding Fume Extraction Equipment Market Analysis, By Product and Forecast, 2013 - 2025:Radiant Insights, Inc

The global welding fume extraction equipment market is expected to reach USD 5.9 billion by 2025, according to a new report by Radiant Insights, Inc. The mandatory health and safety workplace regulations compliance which are globally applicable has been a major factor driving market growth. In addition, increasing demand from various end-use industries such as construction, automotive, shipbuilding and others for a clean environment to increase the operators' productivity, is further fueling the market growth.
Fume extraction equipment is used to capture and remove, smoke and welding fume particulates produced during the welding process. Different welding methods such as arc, laser beam, resistance, and oxy-fuel produce particulate fumes containing toxic substances including chromium, manganese, zinc, nickel and others. The prolonged exposure to these toxic fumes results in different health issues such as chronic lung problems, Parkinson's disease, cancer of the larynx and others. The rising awareness among the welding operators about various health concerns is anticipated to boost the market.
The mobile unit was largest product segment in 2016 on account of its' advantages to offer source capture of welding fumes coupled with lower space and budget requirements. Stationary units emerged as the second largest product segment with the market share of 33.7% in 2016. Arc welding application segment is expected to experience the fastest growth over the forecast period with a CAGR of 6.4% from 2017-2025. Owing to generation of large quantity of toxic fumes produced during the arc welding process, the demand for fume extraction equipment is expected to rise over the forecast period. In addition, extensive use of the arc welding technology in end use industries, is expected to further increase the demand for fume extraction equipment between 2017 and 2025.
Further key findings from the report suggest:
The global welding fume extraction equipment revenue was USD 3,667.7 million in 2016 and is expected to grow at a CAGR of 5.5% from 2017 to 2025
Global welding fume extraction equipment demand in arc welding application was valued at USD 1,422.6 million in 2016 and is anticipated to witness surge in growth over the next eight years
The U.S. fume extraction equipment market in arc welding is estimated to reach a total revenue of over USD 571.3 million by 2025
The welding fume extraction equipment industry in Asia Pacific is projected to witness substantial growth over the next eight years owing to infrastructural developments across major economies, especially in the China and India. The regional market is expected to grow at a CAGR of 5.7% from 2017 to 2025
Key players including Miller Electric Mfg. Co., Air Liquide Welding Group, Lincoln Electric Co., Donaldson Company, Inc., Kemper America Inc., Parker Hannifin Corporation, RoboVent Products Group, Inc., Sentry Air Systems, Inc., Filcar S.p.A, and Pace Worldwide dominated the global welding fume extraction equipment market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Welding Fume Extraction Equipment Market Variables, Trends & Scope
3.1. Market segmentation & scope
3.2. Penetration & growth prospect mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Technology Overview
3.6. Market dynamics
3.6.1. Market Driver Analysis
3.6.2. Market restraint analysis
3.7. Porter's Five Forces Analysis
3.8. PESTEL Analysis
About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. 
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
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