PUBLISHER: Allied Market Research | PRODUCT CODE: 1344500
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344500
According to a new report published by Allied Market Research, titled, "Fume Extractor Market," The fume extractor market was valued at $1.3 billion in 2022, and is estimated to reach $1.9 billion by 2032, growing at a CAGR of 4.4% from 2023 to 2032.
These extractors are designed for quick and straightforward installation, often requiring minimal setup or adjustments. They are plug-and-play devices that can be easily operated by workers without extensive training or technical expertise. By capturing and removing harmful fumes and contaminants, portable fume extractors help improve the air quality in the immediate vicinity. This contributes to a safer and healthier working environment, reducing the risk of respiratory issues or other health hazards associated with prolonged exposure to airborne pollutants. Overall, portable fume extractors offer a practical and efficient solution for localized fume extraction needs. They provide flexibility, mobility, and improved air quality in various industrial and manufacturing settings where controlling and managing airborne contaminants is essential.
Portable fume extractors are often more cost-effective compared to larger, fixed fume extraction systems. They require less investment in infrastructure modifications, such as ductwork installation, and can be shared among multiple workstations or job sites. This cost-effectiveness makes portable fume extractors an attractive option for businesses looking to enhance workplace safety without significant capital expenditure. The importance of environmental sustainability is gaining prominence in industrial practices. Portable fume extractors play a role in minimizing the release of harmful pollutants into the environment by capturing and filtering fumes and contaminants. The adoption of these systems aligns with the sustainability goals of businesses and their commitment to reducing their environmental impact. These factors will drive the market growth during the forecast period.
Implementation of stringent regulations on occupational exposure to hazardous substances is anticipated to drive the growth of the fume extractor market globally. Governments and regulatory bodies worldwide are increasingly focusing on ensuring the health and safety of workers in various industries. These regulations aim to minimize or eliminate the risks associated with exposure to hazardous substances, including fumes, gases, dust, and particulate matter. To comply with these regulations, businesses are required to implement effective ventilation systems, such as fume extractors, to control and remove airborne contaminants. Fume extractors play a crucial role in capturing and filtering hazardous fumes and particles, thereby reducing the risk of respiratory issues and occupational illnesses among workers. The enforcement of these regulations has a direct impact on the demand for fume extractors. The industries such as manufacturing, chemicals, pharmaceuticals, laboratories, welding, construction, and automotive are compelled to invest in fume extraction systems to meet regulatory requirements and provide a safe working environment.
In addition, increase in awareness of the health risks associated with exposure to hazardous substances drives the demand for fume extractors. Employers and employees are increasingly recognizing the importance of mitigating these risks and ensuring the well-being of workers. The anticipated growth of the fume extractor market is not limited to any specific region but is a global trend. The demand for fume extractors is expected to increase in various countries across North America, Europe, Asia-Pacific, and LAMEA as regulations and awareness regarding occupational health and safety continue to strengthen. Furthermore, stringent regulations on occupational exposure to hazardous substances are anticipated to propel the growth of the fume extractor market, driven by the need for regulatory compliance and the growing emphasis on worker health and safety.
The fume extractors market scope covers segmentation based on type, end-use industry, and region. The report highlights the details about various types of fume extractors available in the market, including portable fume extractors, benchtop fume extractors, welding fume extractors, soldering fume extractors, laser fume extractors, and others. In addition, the major end-use industries covered in the report include general manufacturing, electricals & electronics, pharmaceuticals, automotive & aerospace, construction, and others. Region wise, it analyzes the current market trends of fume extractors across North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities along with consideration of the COVID-19 impact.
The major players operating in the industry include American Air Filter Company, Inc., APZEM Inc., Cleantek, Sentry Air Systems, Inc., Quatro Air Technologies Inc., HAKKO Corporation, Apollo Seiko, Span Filtration Systems Pvt. Ltd., Powertech Pollution Controls, and Donaldson Company, Inc. These players have adopted product launch as their key strategy to increase their market shares.