Welding Fume Extraction Equipment Market Size & Share, by Product (Mobile Units, Stationary Units, Large Centralized System); Application (Arc Welding, Resistance Welding, Laser Beam Welding, Oxy-Fuel Welding); Vertical (Aerospace, Automotive, Building & Construction, Energy, Oil & Gas, Marine, Others) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Drivers

• Surge in Production of Automotive - Throughout the globe, over 84 million motor vehicles were built in 2022—about 4% growth over 2021. Additionally, these automobiles have several welds below. Given its direct correlation with passenger safety, welding is of utmost importance in the automotive industry. A vehicle's appearance and dependability are enhanced by neat, robust welds, which add to its overall quality and safety. As a result, the adoption of welding fume extraction is also estimated to surge.
• Growing Deployment of IoT & Smart Features - The sectors that operate, interact, and consume data have all changed dramatically as a result of the deployment and growing use of the internet of things (IoT). More than 74 billion devices are expected to be connected via IoT by 2025, globally.  The capacity to automate and hence maximize operating efficiency is the largest advantage of IoT for manufacturers. Through the use of Internet of Things sensors and connections, extraction equipment may collect data on operational parameters, equipment performance, and air quality in real time. Data analytics also provide information for predictive maintenance, extraction process optimization, and proactive decision-making. This ingenious integration boosts productivity, reduces downtime, and enhances worker safety by ensuring timely maintenance and effective fume extraction, which drives the welding fume extraction equipment market.
• Rising Construction of Ships - Ships have long been a big part of our daily life, from recreational activities to transporting the great majority of all traded items worldwide. As a result, the shipbuilding activities are growing. Furthermore, shipbuilders benefited greatly from the replacement of riveting with welding since it resulted in lighter structures, smoother surfaces, and increased efficiency. As a result, welding is currently regarded as one of the shipbuilding industry's most often-used hot-work techniques. However, the biggest health danger to a welder working in the shipbuilding industry is exposure to hazardous welding fumes, if proper precautions are not taken. Therefore, the welding fume extraction equipment market  demand is projected to experience growth over the coming years. 

Challenges

• Require High Operational & Maintenance Costs - Routine maintenance, which includes filter replacements and system servicing, may be expensive and time-consuming, especially for larger industrial settings. Energy use and running expenses for the upkeep of extraction systems also have an impact on the total cost burden. These outrageous costs may deter some companies from investing in fume extraction equipment, putting employee safety and compliance with health and safety regulations at risk.
• Growing Difficulty in Retrofitting Facilities that Already Exist - Existing infrastructure and layouts might render the installation of extraction systems difficult, which would increase costs and provide logistical difficulties. It's usually tough to integrate with out-of-date gear and software, which calls for adjustments that reduce usefulness and raise expenses. Efficient fume extraction systems in existing buildings are challenging for firms to install due to space limits and regulatory compliance requirements, which further complicate the retrofitting process.
• Lack of Awareness Regarding Its Use