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Friday, 5 July 2019

Welding Fume Extraction Equipment Market Analysis To Reach $5.9 Billion By 2025

Industry Insights

Fume extraction equipment is used to control and mitigate smoke and toxic particulates generated during the process within the environment. Several processes emit different amount of toxic substances with different concentrations. The concentration of toxic particulate depends upon the types of materials and technologies used. The equipment operators face serious hazardous risks from toxic substances which may result in various health issues such as chronic lung problems, parkinson’s disease, cancer of the larynx and others.

U.S. welding fume extraction equipment market, by product, 2014 - 2025 (USD Million)

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Welding fumes and gasses possess various health effects which can result in eyes, throat, nose irritation, nausea, and dizziness. In addition, prolonged exposure to toxic particulates may cause lung damages, and various cancers which include larynx, lung, and urinary tract. Occupational exposure regulations are designed, and have been imposed by various regulatory bodies to avoid health issues caused during the welding process. These regulatory bodies include OSHA PEL, REACH, Local Exhaust Ventilation (LEV) Guidelines, ACGIH TLV, ISO 15011-4:2006 and others.
Welding applications differ according to scope, size, and other variables. Therefore, proper evaluation of multiple variables is necessary for selection of the equipment. This leads in reducing downtime, product contamination, and provide better working environment. In addition, manufacturing of efficient fume extraction equipment has been a significant concern, especially in North America and Europe owing to recent occupational exposure health issues faced by the operators. Stringent regulations about the occupational exposure for operators is expected to significantly influence the global welding industry in the coming years which in turn is anticipated to increase the demand for fume extraction equipment.

Product Insights

The stationary unit which may include a wall mounted small vacuum system is ideal for small operation space and with fixed workstations. This product segment accounted for second highest market share in the global market with revenue of USD 1,236.6 million in 2016 and is projected to reach at USD 2,014.2 million by 2025. It can be used in various facilities such as general fabrication, training schools, job shops, maintenance department and others. Fume extraction equipment are extensively utilized by the Asia Pacific and North America owing to increasing demand from end-user industries, coupled with rising infrastructure development activities in past few years.

Application Insights

Owing to toxic emissions in large amount and particulate generation during the process, fume extractors are extensively utilized in different welding applications. Arc welding application segment was estimated at USD 1,422.6 million in 2016 and is projected to reach at USD 2,480.2 million by 2025, growing at a CAGR of 6.4% during the forecast period of 2017 and 2025.
China, India, and U.S. are anticipated to account for the highest demand owing to infrastructural developments and industrialization activities in the coming years. In addition to that, stringent regulations in these market along with Europe also contributing to the demand of the market and motivate foreign players to invest. Resistance welding emerged as the second largest application segment in terms of revenue in 2016, and is projected to account for a share of 24.1% of the overall market in 2025.

Regional Insights

Asia Pacific was followed by North America which accounted for 24.9% of the total market revenue in 2016. The presence of stringent regulations in the U.S. and other nations in the region coupled with industrial development activities are expected to be the key driving factors for the market. In addition, growing end-use demand from the various applications is further propelling the growth of the market.

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Report Scope

AttributeDetails
Base year for estimation2016
Actual estimates/Historical data2014 - 2016
Forecast period2017 - 2025
Market representation                                  Revenue in USD Million and CAGR from 2017 to 2025
Regional scopeNorth America, Europe, Asia Pacific, South & Central America, Middle East & Africa
Country scopeU.S., UK, Germany, China, India, Japan, Brazil
Report coverage          Revenue forecast, competitive landscape, growth factors and trends
15% free customization scope (equivalent to 5 analyst working days)If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization