North America Welding Fume Extraction Equipment Market Size & Outlook
North America welding fume extraction equipment market, 2018-2030 (US$M)
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North America welding fume extraction equipment market highlights
- The North America welding fume extraction equipment market generated a revenue of USD 500.3 million in 2021.
- The market is expected to grow at a CAGR of 5.6% 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, Mexico is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 500.3 million |
| Market revenue in 2030 | USD 817.4 million |
| Growth rate | 5.6% (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, North America region accounted for 27.4% 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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North America 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 46.05% in 2021. Horizon Databook has segmented the North America 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.
North America, along with the world, has been severely battered by the ongoing COVID-19 pandemic, resulting in a slowdown of economic activities and industrial sectors including manufacturing, automotive.
Furthermore, factors such as recent shutdowns, supply chain bottlenecks, and the inability to work remotely have contributed to the decline of the manufacturing industry. As per the Bureau of Economic Analysis, the U.S. economy witnessed a decline by 3.5% in 2020, while the Canadian economy contracted by 5.4%.
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Our clientele includes a mix of welding fume extraction equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America welding fume extraction equipment market , including forecasts for subscribers. This continent databook contains high-level insights into North America welding fume extraction equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America welding fume extraction equipment market size, by country, 2018-2030 (US$M)
North America Welding Fume Extraction Equipment Market Outlook Share, 2021 & 2030 (US$M)
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