Asia Pacific Welding Fume Extraction Equipment Market Size & Outlook
Asia Pacific welding fume extraction equipment market, 2018-2030 (US$M)
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Asia Pacific welding fume extraction equipment market highlights
- The Asia Pacific welding fume extraction equipment market generated a revenue of USD 653.1 million in 2021.
- The market is expected to grow at a CAGR of 6.6% from 2022 to 2030.
- In terms of segment, mobile units was the largest revenue generating product in 2021.
- Mobile Units is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 653.1 million |
| Market revenue in 2030 | USD 1,164.0 million |
| Growth rate | 6.6% (CAGR from 2021 to 2030) |
| Largest segment | Mobile units |
| Fastest growing segment | Mobile Units |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mobile Units, Stationary Units, Large Centralized Systems |
| Key market players worldwide | Kemper Corp, Donaldson Co Inc, Lincoln Electric Holdings Inc, Illinois Tool Works Inc, Bomaksan Industrial Air Filtration Systems, Sentry Air Systems, Filcar, Abicor Binzel, Air Cleaning Specialists |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 35.7% of the global welding fume extraction equipment market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,164.0 million by 2030.
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Welding Fume Extraction Equipment Market Scope
Welding Fume Extraction Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific welding fume extraction equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to welding fume extraction equipment market will help companies and investors design strategic landscapes.
Mobile units was the largest segment with a revenue share of 45.46% in 2021. Horizon Databook has segmented the Asia Pacific welding fume extraction equipment market based on mobile units, stationary units, large centralized systems covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the fastest-growing region in the world, contributing to over two-thirds of the global economic growth. According to a report by the International Monetary Fund (IMF), the GDP growth in Asia Pacific was -1.5% in 2020, considering the containment measures and global economic slowdown during the COVID-19 pandemic.
The regional GDP is projected to witness growth at 7.6% in 2021, moderating to 5.4% in 2022. The deepening trade tensions between the U.S. and China coupled with regional tensions such as the bilateral relationship between South Korea and Japan are anticipated to impact the overall economic growth of the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific welding fume extraction equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific welding fume extraction equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific welding fume extraction equipment market size, by country, 2018-2030 (US$M)
Asia Pacific Welding Fume Extraction Equipment Market Outlook Share, 2021 & 2030 (US$M)
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