The global welding fume extraction equipment market is expected to reach $5.9 billion by 2025, according to a new report by Grand View Research Inc., San Francisco. Mandatory health and safety workplace regulations and increasing demand from end-use industries such as construction, automotive, and shipbuilding have been major factors driving market growth.
Mobile units made up the largest product segment in 2016. Stationary units were second-largest, with a market share of 33.7 percent in 2016. The arc welding application segment is expected to experience the fastest growth over the forecast period, with a CAGR of 6.4 percent from 2017 to 2025.
The global welding fume extraction equipment revenue was $3,667.7 million in 2016 and is expected to grow at a CAGR of 5.5 percent from 2017 to 2025. Global welding fume extraction equipment demand in arc welding applications was valued at $1,422.6 million in 2016 and is anticipated to 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 more than $571.3 million by 2025. The welding fume extraction equipment industry in Asia Pacific is projected to grow substantially over the next eight years as a result of infrastructural developments across major economies, especially in China and India. The regional market is expected to grow at a CAGR of 5.7 percent from 2017 to 2025.
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