Fume Extractor Market to Reach $1.9 Billion, Globally, by 2032 at 4.4% CAGR: Allied Market Research

News provided by

21 Jul, 2023, 10:01 ET

Share this article

The growth of the global fume extractor market is majorly driven by an increase in occupational health and safety regulations and the growing emphasis on workplace safety

PORTLAND, Ore., July 21, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Fume Extractor Market By Type (Portable Fume Extractors, Benchtop Fume Extractors, Welding Fume Extractors, Soldering Fume Extractors, Laser Fume Extractors and Others), By End-use Industry (General Manufacturing, Electricals and Electronics, Pharmaceuticals, Automotive and Aerospace, Construction, and Others), By Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis And Industry Forecast, 2023-2032". According to the report, the fume extractor market was valued for $1.3 billion in 2022 and is estimated to reach $1.9 billion by 2032, exhibiting a CAGR of 4.4% from 2023 to 2032.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/109489

Prime determinants of growth

The growth of the global fume extractor market is majorly driven by an increase in occupational health and safety regulations. Governments and regulatory bodies are implementing stricter regulations to protect the health and safety of workers. These regulations often require the use of fume extractors or similar ventilation systems in industries where hazardous substances are present. The growing emphasis on workplace safety is driving the demand for fume extractors. However, high production cost of fume extractors is expected to hamper the market growth.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$1.3 billion

Market Size in 2032

$1.9 billion

CAGR

4.4 %

No. of Pages in Report

250

Segments covered

Type, End-use Industry, and Region.

Drivers

Increase in demand for fume extractors in several industries

Strict regulations on occupational exposure to hazardous substances

Opportunities

Surge in demand for fume extractors from the manufacturing sector

Restraints

High production cost of fume extractors

The welding fume extractors segment maintained its lead position during the forecast period

Based on type, the welding fume extractors segment accounted for the largest share in 2022, contributing to around two-fifths of the global fume extractor market revenue, due to increasing emphasis on workplace safety and health regulations across industries. Welding produces hazardous fumes and particles that can pose serious health risks to workers if inhaled. Welding fume extractors help remove these pollutants from the air, ensuring a safer working environment and reducing the potential for respiratory issues and long-term health problems. However, the laser fume extractors segment is anticipated to grow at the highest CAGR of 5.0% during the forecast period.

Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3O5poCu

The general manufacturing segment maintained its lead position during the forecast period

On the basis of the end-use industry, the general manufacturing segment dominated the largest market share in 2022 contributing to more than two-fifths of the global fume extractor market revenue, due to growing recognition of the importance of providing a safe working environment for employees. Manufacturers are becoming more aware of the potential health hazards associated with various manufacturing processes, including welding, soldering, grinding, and cutting. Fume extractors play a crucial role in removing harmful fumes, gases, and particulate matter from the air, thereby protecting workers' health. However, the automotive and aerospace segment is anticipated to grow at the highest CAGR of 5.1% during the forecast period.

Europe to maintain its dominance by 2032

Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global fume extractor market. Asia-Pacific is anticipated to register the highest CAGR of 4.8% during the forecast period, due to the highly developed electronic sector in China and the continuous investments are done in the region through the years to advance the electronic sector.

Leading Market Players: -

The report provides a detailed analysis of these key players in the global fume extractor market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Want to Access the Statistical Data and Graphs, Key Players' Strategies:https://www.alliedmarketresearch.com/fume-extractor-market/purchase-options

Similar Reports:

Welding Consumables Market: Global Opportunity Analysis and Industry Forecast, 2017-2023

Aluminum Welding Market: Global Opportunity Analysis and Industry Forecast, 2023-2030

Neem Extract Market: Global Opportunity Analysis and Industry Forecast, 2015 - 2022

Methane Hydrate Extraction Market: Opportunity Analysis and Industry Forecast, 2021-2025

Metal & Metal Manufactured Products Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Aluminum Foil Market: Global Opportunity Analysis and Industry Forecast, 2023-2032

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa5933 NE Win Sivers Drive#205, Portland, OR 97220United StatesUSA/Canada (Toll Free):+1-800-792-5285, +1-503-894-6022UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: +1(855)550-5975[email protected]Web: www.alliedmarketresearch.comAllied Market Research Blog: https://blog.alliedmarketresearch.com Blog: https://www.newsguards.com/ Follow Us on | Facebook | LinkedIn | YouTube |

Logo: https://mma.prnewswire.com/media/636519/3950895/Allied_Market_Research_Logo.jpg

SOURCE Allied Market Research