Welding Fume Extraction Equipment Market Share

APAC Market Forecast

The Asia Pacific welding fume extraction equipment market is set to capture the largest revenue share of over 30% in the coming years. This growth of the market is set to be influenced by the growing construction of bridges and social infrastructure. Additionally, this region is also experiencing rise in its urban population. Roughly 2.2 billion people, or 54% of the globe's metropolitan population, reside in Asia. Asia's urban population is poised to rise by 50% by 2050, adding 1.2 billion new residents. The ongoing onshore and offshore oil and gas exploration operations in the Asia Pacific region, as well as the ongoing construction projects for refining pipelines, are also contributing to the market's growth.

North American Market Analysis

The North America welding fume extraction equipment market is also estimated to have significant growth in coming years. The major element to dominate the market expansion in this region is the growing demand for electric vehicles as a means of reducing their carbon footprint. The growing awareness among companies and employees of the health risks associated with welding emissions is another factor driving market demand in this region. Technological advancements in extraction equipment and growing investments in industrial and infrastructure projects are other factors propelling market growth in this region.