According to the recent study the arc welding fume extraction equipment market is projected to reach an estimated $1 billion by 2030, at a CAGR of 4.8% from 2024 to 2030. Growth in this market is primarily driven by growth in the welding industry, increasing construction activities globally, and favorable government regulations.
A more than 150–page
report is developed to understand trends, opportunities and forecast in arc
welding fume extraction equipment market by product type (mobile unit,
stationary unit, room sized centralized, and fume gun), end use industry
(industrial manufacturing, construction, automotive, and others), and region
(North America, Europe, and Asia Pacific).
“Mobile unit market is expected to remain the largest segment
during the forecast period.”
Based on product type,
the arc welding fume extraction equipment market is segmented into industrial
manufacturing, construction, automotive, and others. Lucintel forecasts that
the mobile unit market is expected to remain the largest segment due to its
features such as adjustable vacuum chambers, suction, control valves, and
better handling.
“Within the arc welding fume extraction equipment market, the industrial
manufacturing segment is expected to remain the largest end use industry.”
Based on end use
industry the industrial manufacturing segment is expected to witness the
highest growth over the forecast period due to increasing demand from heavy
equipment manufacturers, general fabricators, oil and gas, and mining
industries.
“Asia pacific will dominate the arc welding fume extraction
equipment market in near future.”
Asia Pacific is expected
to be the largest region with the highest growth over the forecast period due
to favorable government efforts aimed at industrialization, urbanization, and
infrastructure development in the region.
Major players of arc
welding fume extraction equipment market are adopting various growth strategies
like new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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