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Fume Extractor Market was valued at USD 2 billion in 2023 and is estimated to register a CAGR of over 4.6% between 2024 & 2032. Due to an increase in expansion of industries especially construction, manufacturing is assisting to the market growth.
The production of airborne pollutants rises with industrial activity, requiring the use of efficient fume extraction systems to maintain air quality. There is also a risk of increased air borne diseases and the spread of air pollutants due to fumes and wielding techniques. Therefore, the demand for fume extractor is increasing to prevent diseases caused by pollutants. The development of compact and efficient extraction units, improved filtration systems, and advanced control features, are driving market growth.
Report Attribute | Details |
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Base Year: | 2023 |
Fume Extractor Market Size in 2023: | USD 2 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 4.6% |
2032 Value Projection: | USD 3 Billion |
Historical Data for: | 2018 – 2023 |
No. of Pages: | 161 |
Tables, Charts & Figures: | 212 |
Segments covered: | Product, Application, End user, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The fume extractor market can pose challenges in installation and maintenance processes. Installing and maintaining fume extractors can be complex and expensive and can require expertise and specialized knowledge as well. Improper installation or inadequate maintenance can compromise the effectiveness and efficiency of fume extractors, leading to reduced performance and potential safety hazards. Additionally, filtration and contaminant disposal issues can be prevalent. It is important to properly filtrate and dispose of contaminants to prevent the release of hazardous substances into the environment. Businesses must comply with regulatory requirements for the handling, treatment, and disposal of hazardous waste generated by fume extraction systems.
There is a trend towards the adoption of advanced fume extractors with improved filtration efficiency, real-time monitoring capabilities, and integrated safety features as there has been an increased risk of health hazards. Also, fume extractors are also getting integrated with IoT and other machinery in the manufacturing units. This connectivity will help in monitoring, gathering data and enhancing the predictive capabilities of the machines. Smart fume extractors enable real-time monitoring of air quality parameters, filter status, and operational performance, allowing for proactive maintenance and optimization of system efficiency.
Based on product, the portable fume extractor segment crossed USD 1.1 billion in 2023. This is because portable fume extractors are easy to carry and provide convenience in tasks. It can assist in processes such as wielding, shouldering, and 3D printing.
Based on application, the laboratory wields extractor segment held a market share of about 38% in 2023. Laboratories wield extractors are essential in maintaining a safe and clean environment by removing poisonous fumes and gases generated during research activities in laboratories.
Based on end user, the manufacturing segment captured around 30% of the market share in 2023. As industrialization has grown, manufacturing units have developed. Therefore, the need to remove contaminants and ensure the safety of the workers is essential.
Asia Pacific fume extractor market size surpassed USD 773 million in 2023, due to the supportive government efforts, low labor costs, and low raw material costs. Regional market data are also being improved by rising investments in new manufacturing projects in nations like China, India, and Japan.
In 2023, dominant market players including Absolent Group, Airflow systems Inc., American Air Filter, Apzem, BOFA International Ltd.collectively held a substantial 20% - 25% market share. As the market is highly fragmented, these industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.
Major players operating in the fume extractor industry are:
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Market, By Application
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The above information is provided for the following regions and countries: