Fume Extractor Market Trends

Growth Drivers

• Awareness about health impact: The increasing rate of health hazards due to fume generation has forced both the government and industries to promote adoption in the fume extractor market. The associated risks of inhaling such harmful fumes include respiratory disease and cancers, driving the focus of public health authorities. According to a report published by the UK Health and Safety Executive, in October 2023, around 40-50 welders were being hospitalized every year due to breathing metal fumes at work. Many regulations such as OEL are now being issued to increase safety by limiting fume emissions, inflating the demand for extracting systems.
• Technological advancements: The market is highly benefited by the ongoing development of technologies for better performance. Leaders are now introducing competitive features in the new models for enhanced worker safety and reduced emissions. For instance, in December 2020, ACL Technology partnered with Nederman to launch a new range of LEV systems for the welding industry. The new technology will bring more efficacy in the collection and removal of fumes by capturing them right from the source. The increasing demand for such functionally effective solutions on an affordable budget is further inspiring companies to invest more in innovation in this sector.       

Challenges

• High initial and operational costs: Higher upfront costs of purchase and installation can create hurdles for SMEs to invest in the fume extractor market. The economic barriers may also make these enterprises neglect the long-term benefits of such advanced systems. Further, the high capital expenditure can prevent many organizations from adopting upgraded versions of extraction devices, limiting the optimum usage or development of this sector.
• Concerns about energy efficiency: As many traditional systems are energy-intensive, the concerns about efficiency can hinder further adoption in the market. In addition, high energy consumption may also result in additional operational costs and environmental impacts. While balancing effectiveness and performance is still under development, the raised questions may create pressure on companies by hampering the process of developing new technologies.