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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.