Welding Fume Extraction Equipment Market Size

Welding Fume Extraction Equipment Market size is poised to reach USD 9 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of welding fume extraction equipment was USD 5 Billion. This growth of the market is poised to be influenced by rising construction activities. There was a projection of 794,431 built-up areas (BUAs) around the world in 2016. It has been projected that this figure would rise to approximately 849,406 inhabitants by 2022. In addition, it's anticipated that by 2050, more than two million additional structures are scheduled to be developed. These construction activities are estimated to increase demand for welding.

In the construction sector, welding technologies are extensively employed, mostly to join different metal components to create structurally sound metal frameworks. Hence, with this, the adoption of welding fume extraction equipment is also projected to rise to protect workers from harmful fumes. Furthermore, throughout the forecast period, strict restrictions imposed by different regulatory bodies to lower the hazards of exposure to hazardous fumes are expected to fuel demand for welding fume extraction equipment.