Fume Extractor Market to surpass USD 4 bn by 2030

Fume Extractor Market is anticipated to surpass USD 4 billion in revenue by 2030, according to a new research report by Global Market Insights Inc.
 

The report identifies rising concerns for a safe working environment for laborers working close to hazardous air pollutants and rising industrialization across the APAC region as the chief fume extractor industry drivers.
 

Flexible sliders feature to boost fixed fume extractor industry share

With respect to product type, the study classifies the fume extractor market into fixed fume extraction, benchtop extractors, portable, wall mounted, and others. The fixed fume extraction segment was valued at USD 980 million in 2021 and is expected to garner a valuation of over USD 1 billion by 2030, progressing at a 4.5% CAGR through the review period. The rising need for effective extractors for industrial processes will fuel the demand for fixed fume extractors in the coming years. Fixed fume extraction can flexibly capture fumes using sliding articulated arms or hoods or fume extractor benches, which makes it ideal for extracting fumes across various processes.
 

Heavy duty operations to push demand for 1000 to 2000 m3/hr extractors

The report further cites high preference for fume extractors with 1000 to 2000 m3/hr flow rate, especially across industries dealing with heavy product manufacturing. Industries that release massive amounts of dust and fumes require high-volume carrying capacity extractors to ensure that the fumes are captured efficiently, which is propelling the demand for such extractors from high-duty operations. The fume extractor industry share from the 1000 to 2000 m3/hr flow rate segment was valued at around USD 930 million in 2021 and is foreseen to generate approximately USD 1,210 million in revenue by the end of the forecast period.
 

Heavy release of toxic particles to increase demand in foundries segment

The fume extractor market is segregated by end-use industry into general manufacturing, foundries, pharmaceuticals, electrical & electronics, automotive, and others. The foundries segment is slated to cross USD 100 million in revenue by 2030. The metal and semiconductor foundries release toxic particles in the air that are harmful to workers. This has increased the significance of fume extractors to ensure worker safety and a clean working environment, thus driving segment growth during the forecast period.
 

Browse key industry insights spread across 267 pages with 212 market data tables & 31 figures & charts from the report, “Fume Extractor Market Size By Product Type (Fixed Fume Extraction, Benchtop Extractors, Portable, Wall Mounted), By Flow Rate (<250m3/hr, 250 to 500 m3/hr, 500 to 1,000 m3/hr, 1000 to 2000 m3/hr, More than 2,000 m3/hr) By Application (Laser Fume Extractor, Solder Fume Extractor {Tip Extraction, Volume Extraction}, Welding Fume Extractor, Grinding Fume Extractor, Pharmaceutical Fume Extractor, Salons Fume Extractor, Laboratories Fume Extractor, Solvents & Epoxy Fume Extractor, Chemicals Fume Extractor, Vapor Source Capture, 3D Printing Fume Extractor, Mist collectors, Brazing Fume Extractor, Medical Fume Extractor, Powder Mixing Fume Extractor, Dental Aerosol Extractor), By End-Use Industry (General Manufacturing, Foundries, Pharmaceuticals, Electrical & Electronics, Automotive), Regional Outlook, Growth Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fume-extractor-market
 

Wide application of grinding in fabricating processes to augment grinding fume extractors demand

The deployment of grinding fume extractors for the safety of workers under risky conditions will remain high in the forthcoming years. The fume extractor market size from the grinding application segment was valued at USD 600 million in 2021 and will reach USD 790 million by 2030. The grinding process finds extensive usage in various metal fabricating industries and emits dust, sparks, and other harmful particulates, which will boost the demand for grinding fume extractors.
 

Growing number of industrial facilities to aid Asia Pacific emerge as a prominent revenue pocket

Regionally, the global fume extractor market is segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. Asia Pacific industry is expected to be worth more than USD 1.5 billion by 2030. A rise in instances of foreign manufacturing facilities shifting into the APAC region as a result of low labor and production costs will bolster the regional manufacturing industry growth, which in turn will drive market development. High demand for fume extractors in the manufacturing sector on account of prevalent health risks will further impel business statistics.
 

Strategic collaborations and product innovations to remain a key growth strategy

The competitive landscape of the fume extractor market is anticipated to observe huge investments by industry players in research & development processes as well as product range expansion. For instance, in October 2021, Weller Tools GmbH, a leading manufacturer of operator-protecting tools, introduced the MG100s Fume Extraction Unit. The air purifier is suitable for up to two workplaces and can be used in filing, cleaning, gluing, and soldering applications. MG100s have an H13 particle filter with three-stage speed settings. This strategic initiative was purposed to help the company cater to the rising demand for fume extractors in the market. Some of the key fume extractor market players profiled in the report include Donaldson, Nederman Holding, Lincoln Electric, Cleantek, Parker Hannifin, Weller Tools GmbH, and Fumex Inc., among others.