Fume Extraction System Market Share & Growth | Forecast 2031
Fume Extraction System Market Share & Growth | Forecast 2031
Segments - Fume Extraction System Market by Product Type (Benchtop Extractors, Fixed Fume Extraction, Portable, and Wall Mounted), Application (Welding, Soldering, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :CM-3854
| 4.6 Rating
| 69 Reviews
| 174 Pages
| Format :
Report Description
The Global Fume Extraction System Market size was valued at USD 2900.80 Million in 2022 and is expected to surpass USD 3988 Million by 2031, expanding at a CAGR of 3.6% during the forecast period, 2023–2031. The market growth is attributed to the rising demand for a safe working environment.
Fume extraction system aids in extracting, filtering, and collecting hazardous materials from the air. It utilizes a fan to pull dust and fume particles into a contained filtration system and draw in all of the particles at the same time. The extracted air is then filtered and cleansed and clean air is released back into the room. Fume extraction system has importance in several industries, especially to those who perform dangerous activities.
Hazardous fume produced in many procedures is harmful to workers’ health. A fume extraction system is used to reduce the amount of danger that workers come across while doing these tasks. Fumes, dust, or any harmful airborne substances in the workplace cause respiratory problems for anybody exposed to them. Fumes are produced when metal is heated above its boiling point and its vapors condense into fine particles.
Fume and dust particles in the work environment damage machinery and lower the quality of end products. Thus, fume extraction systems are placed close to the plume source to remove the maximum amount of fume and gases. The government employed regulations regarding the use of fume extractors as it is helpful for the working environment and working operations location.
COVID-19 Impact on Fume Extraction System Market
The research report finds that the COVID-19 pandemic hampered several industries, due to workforce scarcity, severe lockdowns, and supply chain interruptions. Government put substantial efforts to safeguard public health by employing certain regulations. Thus, the manufacturing industry in emerging economies boosted the demand for fume extractors to protect labor health.
Fume Extraction System Market Dynamics
The market research report presents a complete overview by providing a detailed analysis of the current market trends, existing drivers, growth opportunities, and emerging challenges. The global fume extraction system market report offers up-to-date information about factors that can shape the market outcome or overall performance during the forecast period, 2022 to 2030.
Which Factors Drive the Demand for Fume Extraction System?
Government regulations toward standardized work environments safe for workers are anticipated to propel market growth. High load capacity fans are mostly used in big warehouses and manufacturing units that help in fume extraction. The critical feature such as lightweight, space-efficient, easy operating modes, and low maintenance are increasing the popularity of this system.
Which Factors Limit the Growth of the Fume Extraction System?
Lack of awareness regarding fume extraction systems is expected to hamper the market expansion during the forecast period. In developing countries, industrial activities are growing, and thus the harmful and polluted air taking a toll on the environment. However, stringent regulations are applied to manufacturing companies for a safe and clean environment for the safety of workers and to increase the knowledge about fume extraction system and their uses.
What are the Growth Opportunities in the Fume Extraction System Market?
Industrialization in several developing countries is growing and is projected to create lucrative opportunities for market players. Moreover, industrialization increases pollution and wastes material in the form of solids, liquids, or gases through factory production. Waste material is hazardous for humans or any living organism if they come in contact with it.
Scope of the Fume Extraction System Market Report
The global fume extraction system market research report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Fume Extraction System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Type (Portable Fume Extractor, Desktop Fume Extractor, and Heavy Duty Fume Extractor), and Application (Welding, Soldering, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
American Air Filter Company, Inc; HAKKO Corporation; Purus Filtrotech; BOFA International Ltd; Sentry Air Systems, Inc; Nederman Corporation; Metcal; Apollo Seiko; Quatro Air Technologies; and Fumex |
Fume Extraction System Market Segment Insights
What are the Key Factors Driving the Heavy Duty Fume Extractor Segment?
On the basis of type, the global fume extraction system market is segmented into portable fume extractor, desktop fume extractor, and heavy duty fume extractor. The heavy duty fume extractor segment is projected to expand at a considerable CAGR during the forecast period, due to its low maintenance and long lasting features. Moreover, the heavy duty fume extractor lasts for more than eight-nine years. Heavy-duty fume extractor demand is increasing among consumers, owing to its low costing maintenance and long-lasting lifespan.
What are the Key Factors Driving the Welding and Soldering Segment?
Based on application, the market is divided into welding, soldering, and others. The welding and soldering segment is expected to hold a significant share of the market in the coming years, due to mandatory safety and health workplace regulations compliance. Prolonged exposure to welding fume cause lung damage and respiratory diseases. For instance, manganese toxins have negative effects on the kidneys, nervous system, and respiratory system.
Why is the Demand for Fume Extraction System High in Europe?
In terms of regions, the global fume extraction system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to dominate the market during the forecast period, owing to rising government focus on maintaining environmental safety at industrial locations for employees. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to the rapid rise in operations including 3D printing, soldering, welding, and others.
Segments
The global fume extraction system market has been segmented on the basis of
Type
- Portable Fume Extractor
- Desktop Fume Extractor
- Heavy Duty Fume Extractor
Application
- Welding
- Soldering
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- American Air Filter Company, Inc
- HAKKO Corporation
- Purus Filtrotech
- BOFA International Ltd
- Sentry Air Systems, Inc
- Nederman Corporation
- Metcal
- Apollo Seiko
- Quatro Air Technologies
- Fumex
Competitive Landscape
Key players competing in the global fume extraction system market are American Air Filter Company, Inc; HAKKO Corporation; Purus Filtrotech; BOFA International Ltd; Sentry Air Systems, Inc; Nederman Corporation; Metcal; Apollo Seiko; Quatro Air Technologies; and Fumex.
Key players are actively engaged in R&D programs and aim at the expansion of manufacturing units to expand their consumer base and increase their product portfolio. Moreover, major players adopting various strategies to enhance their market penetration. Existing key player partnerships and cooperation are projected to have a substantial influence on the future competitive environment.
Frequently Asked Questions
The global fume extraction system market size was USD 2,900.80 Mn in 2022.
Government regulations toward standardized work environments safe for workers are anticipated to propel market growth.
The global fume extraction system market is expanding at a CAGR of 3.6% during 2023–2031.
Europe is expected to dominate the market during the forecast period.
Key players competing in the global fume extraction system market are American Air Filter Company, Inc; HAKKO Corporation; Purus Filtrotech; BOFA International Ltd; Sentry Air Systems, Inc; Nederman Corporation; Metcal; Apollo Seiko; Quatro Air Technologies; and Fumex.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Fume Extraction System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fume Extraction System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fume Extraction System Market - Supply Chain
4.5. Global Fume Extraction System Market Forecast
4.5.1. Fume Extraction System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fume Extraction System Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Fume Extraction System Market Absolute $ Opportunity
5. Global Fume Extraction System Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Fume Extraction System Market Size and Volume Forecast by Types
5.3.1. Portable Fume Extractor
5.3.2. Desktop Fume Extractor
5.3.3. Heavy Duty Fume Extractor
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Fume Extraction System Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Fume Extraction System Market Size and Volume Forecast by Applications
6.3.1. Welding
6.3.2. Soldering
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Fume Extraction System Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Fume Extraction System Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Fume Extraction System Demand Share Forecast, 2019-2026
8. North America Fume Extraction System Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Fume Extraction System Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Fume Extraction System Market Size and Volume Forecast by Types
8.4.1. Portable Fume Extractor
8.4.2. Desktop Fume Extractor
8.4.3. Heavy Duty Fume Extractor
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Fume Extraction System Market Size and Volume Forecast by Applications
8.7.1. Welding
8.7.2. Soldering
8.7.3. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Fume Extraction System Demand Share Forecast, 2019-2026
9. Latin America Fume Extraction System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Fume Extraction System Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Fume Extraction System Market Size and Volume Forecast by Types
9.4.1. Portable Fume Extractor
9.4.2. Desktop Fume Extractor
9.4.3. Heavy Duty Fume Extractor
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Fume Extraction System Market Size and Volume Forecast by Applications
9.7.1. Welding
9.7.2. Soldering
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Fume Extraction System Demand Share Forecast, 2019-2026
10. Europe Fume Extraction System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Fume Extraction System Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Fume Extraction System Market Size and Volume Forecast by Types
10.4.1. Portable Fume Extractor
10.4.2. Desktop Fume Extractor
10.4.3. Heavy Duty Fume Extractor
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Fume Extraction System Market Size and Volume Forecast by Applications
10.7.1. Welding
10.7.2. Soldering
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Fume Extraction System Demand Share Forecast, 2019-2026
11. Asia Pacific Fume Extraction System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Fume Extraction System Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Fume Extraction System Market Size and Volume Forecast by Types
11.4.1. Portable Fume Extractor
11.4.2. Desktop Fume Extractor
11.4.3. Heavy Duty Fume Extractor
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Fume Extraction System Market Size and Volume Forecast by Applications
11.7.1. Welding
11.7.2. Soldering
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Fume Extraction System Demand Share Forecast, 2019-2026
12. Middle East & Africa Fume Extraction System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Fume Extraction System Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Fume Extraction System Market Size and Volume Forecast by Types
12.4.1. Portable Fume Extractor
12.4.2. Desktop Fume Extractor
12.4.3. Heavy Duty Fume Extractor
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Fume Extraction System Market Size and Volume Forecast by Applications
12.7.1. Welding
12.7.2. Soldering
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Fume Extraction System Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Fume Extraction System Market: Market Share Analysis
13.2. Fume Extraction System Distributors and Customers
13.3. Fume Extraction System Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. American Air Filter Company, Inc
13.4.2. HAKKO Corporation
13.4.3. Purus Filtrotech
13.4.4. BOFA International Ltd
13.4.5. Sentry Air Systems, Inc
13.4.6. Nederman Corporation
13.4.7. Metcal
13.4.8. Apollo Seiko
13.4.9. Quatro Air Technologies
13.4.10. Fumex
Methodology
Related Reports
Some other reports from this category!
Our Clients
