Welding Fume Extraction Equipment Market Size Projected to Rise Lucratively during 2022 to 2030: Grand View Research IncPosted by Sona Kulkarni on October 13th, 2023 Welding Fume Extraction Equipment Market Growth & Trends The global welding fume extraction equipment market size is anticipated to reach USD 3.03 billion by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2022 to 2030. The demand for welding fume extraction equipment is anticipated to be driven by stringent environmental regulations for occupational exposure to the hazardous fumes generated during the welding process. The increased awareness of welding equipment end-users about occupational hazards and illnesses has led to the implementation of additional legislation by employers. Local exhaust ventilation (LEV) systems are to be installed by all firms that offer welding services to adequately regulate welding emissions. Welding companies are obligated by law to maintain an ASA registry listing the exposed workers and the number of annual hours of exposure. Thus, increased concerns related to the health risks posed by welding fumes, along with the implementation of stringent laws aimed at ensuring a safe and healthy work environment, are anticipated to fuel the growth of the market over the forecast period. Increasing construction activities across the globe and rapid urbanization in developing economies, such as China, India, and Brazil, as well as those in the Middle East and Africa, are anticipated to fuel the expansion of the construction sector. Moreover, higher disposable incomes and improved spending capabilities of consumers are anticipated to boost spending on the construction of new buildings. Manufacturers of welding fume extraction equipment adopt several strategies including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance their market penetration and cater to the changing technological demand for equipment from various end-use industries such as building & construction, automotive & transportation, marine, and aerospace. Request a free sample copy or view report summary: Welding Fume Extraction Equipment Marke Report Welding Fume Extraction Equipment Market Report Highlights
Access Press Release@ https://www.grandviewresearch.com/press-release/global-welding-fume-extraction-equipment-market Welding Fume Extraction Equipment Market Segmentation Grand View Research has segmented the global welding fume extraction equipment market based on product, application, industry, and region: Welding Fume Extraction Equipment Product Outlook (Revenue, USD Million, 2017 - 2030)
Welding Fume Extraction Equipment Application Outlook (Revenue, USD Million, 2017 - 2030)
Welding Fume Extraction Equipment Industry Outlook (Revenue, USD Million, 2017 - 2030)
Welding Fume Extraction Equipment Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players of Welding Fume Extraction Equipment Market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author |