The worldwide welding fume extraction equipment/devices market is anticiapted to attain nearly USD 6 billion by 2025. It stood at around USD 3.7 billion in 2015. The market is anticipated to grow at a 5.5% CAGR over the forecast period (2014 to 2025). High demand from various industries to maintain a clean and safe working environment is the key growth driver.
Fume extraction equipment capture smoke and fume particles produced during the welding process. Prolonged exposure to fumes may lead to respiratory diseases. High awareness among the workers regarding their health is expected to spur the market during the forecast period. In addition, regulatory bodies such as Registration, Evaluation, Authorisation and restriction of CHemicals (REACH), Occupational Safety and Health Administration (OSHA) Permissible Exposure Limit (PEL), and Local Exhaust Ventilation (LEV) Guidelines enforce adoption of fume extraction devices. This can further support the expansion.
The market is inundated with product innovations. For instance, recently, BOFA International Ltd., a British filtration and fume extraction company, has developed AD Oracle iQ. It is specifically designed for the laser industry. Made of borosilicate glass, this device can be primarily used to filter out airborne particles. This can reduce the probability of fire hazards. The company has also announced collaboration with Cartesio, a manufacturer of 3D printers, to create fume extraction system for printers. This can protect consumers from the harmful fumes released during 3D printing.
The global market for welding fume extraction equipment/devices is segmented according to products, applications, and regions. As per products, the market is trifurcated into large centralized systems, mobile units, and stationary units. Mobile unit dominated the overall market with over 42% revenue share in 2016. They are suitable for small manufacturing facilities due to their small size and mobility. Excellent ability to absorb large particulates from various environments can propel growth in the forthcoming years. Stationary units accumulated around USD 1.2 billion in 2016. It is projected to surpass USD 2.01 billion by 2025.
On the basis of applications, the segments are oxy-fuel, laser beam, arc welding, and resistance. Arc welding dominated the overall market with nearly 39% share in terms of revenue in 2016. It is projected to reach around USD 2.48 billion by 2025. Resistance welding is expected to capture over 24% market share in the near future.
Regional classifications are South & Central America, North America, Asia Pacific (APAC), Middle East & Africa (MEA), and Europe. APAC may continue leading the global market on the basis of revenue over the forecast period. Infrastructural developments in China, India, and Japan are expected to trigger the regional growth. North America was the second largest region with over 25% revenue share in 2016. Stern regulations regarding developmental activities in the U.S. can propel the regional market.
Major players operating in the welding fume extraction equipment/devices market are Kemper America Inc.; Miller Electric Mfg. Co.; Air Liquide Welding Group; Pace Worldwide; and Sentry Air Systems, Inc. Most companies adopt mergers & acquisitions and new product developments as the chief business strategies to sustain their market hold. In April 2017, Lincoln Electric acquired Air Liquide Welding Group. This transaction is anticipated to enhance product portfolio and customer base of the former.