DUBLIN , May 30, 2022 /PRNewswire/ -- The "Welding Fume Extraction Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Welding Fume Extraction Equipment Market to Reach $5.1 Billion by 2026
The global market for Welding Fume Extraction Equipment estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2026, growing at a CAGR of 4.9% over the analysis period.
Fume and dust extraction solutions enhance the efficacy and safety of metal fabrication as well as cutting processes. Such solutions remove harmful smoke, fumes, and dust; and the choice of solution depends on the type of welding method used and its frequency of use.
Controlled exposure towards welding fumes could be attained through extraction as well as ventilation; wherein the focus is on capturing welding fumes very close from the source as possibly could. Consequently, the welders and workers are protected. Some such welding fume extraction equipment systems are capable of extracting welding smoke from several workstations; while also being utilized for cleaning of machines and workplaces. Cutting and welding fumes lead to health concerns and adversely impact production; thereby causing decreased capacity; disturbances that re-occur; and finally lesser profit. Welders face the risk of injury in such unsafe work environments; while inadequate safety measures also negatively impact the end products and the production equipment.
Automated welding equipment that includes operators and robots could also require protection and careful monitoring. The service personnel and operators that work on robotic welding equipment could be subject towards residual welding fumes; thereby, requiring protection similar to manual workers. Certain solutions pertaining to automatic welding processes offer hooded extraction systems as well as torch-extraction. Mobile Units, one of the segments analyzed in the report, is projected to grow at a 5% CAGR to reach US$2.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Stationary Units segment is readjusted to a revised 4.4% CAGR for the next 7-year period. This segment currently accounts for a 32.1% share of the global Welding Fume Extraction Equipment market. The U.S. Market is Estimated at $968.9 Million in 2021, While China is Forecast to Reach $987 Million by 2026
The Welding Fume Extraction Equipment market in the U.S. is estimated at US$968.9 Million in the year 2021. The country currently accounts for a 24.51% share in the global market.
China , the world second largest economy, is forecast to reach an estimated market size of US$987 Million in the year 2026 trailing a CAGR of 6.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 3.6% and 4.9% respectively over the analysis period. Within Europe , Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$1 Billion by the close of the analysis period. The strong growth in the welding machinery market is expected to offer a strong foundation for growth in the market. Rapid industrialization and the subsequent rise in income levels have long been major factors in promoting demand for consumer durables and automotive sectors. A resurgent automotive sector and a consumer durables sector are expected to further drive demand for welding equipment in the coming years.
Growth in the welding industry will continue to be driven by offshore and onshore oil and gas exploration as well as refining pipeline construction projects in the post pandemic period, which will place significant demand for welding consumables, equipment, steel pipes, manufacturing automation, wirings and cables. With pipelines regarded the most efficient method of transporting oil and gas products from the source to consumer, welding equipment, vital in metal joining, is set to witness growth in tandem with rising pipeline projects.
Product innovations, advances in manufacturing process as well as technological improvements are all factors expected to positively influence the global welding equipment market. The manufacturing and fabrication sectors are continuously on the path of evolution, typified by ever-changing materials used, increasing data monitoring needs, and growing sophistication that requires increased level of automation.
These evolving needs are driving end-users to continuously invest in advanced solutions that enable them to uphold high levels of productivity and quality. Large Centralized Systems Segment to Reach $1.2 Billion by 2026
In the global Large Centralized Systems segment, USA , Canada , Japan , China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$685.6 Million in the year 2020 will reach a projected size of US$983.1 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia , India , and South Korea , the market in Asia-Pacific is forecast to reach US$165 Million by the year 2026, while Latin America will expand at a 6.3% CAGR through the analysis period. Key Topics Covered: I. METHODOLOGY
How Major End-Use Industries Are Impacted by the Pandemic & What's the New Normal?
The Pandemic Accelerates the Momentum Towards Manufacturing Automation: Global Manufacturing Automation Market
Welding Fume Extraction Equipment: Definition, Scope, Importance, Benefits & Applications
2. FOCUS ON SELECT PLAYERS (Total 34 Featured)
Robust Outlook for Welding Machines Provides the Foundation for Growth in the Market
Health Risks & Stringent Worker Safety Regulations Spur Adoption
Adoption of Laser Welding Bodes Well for Increased Adoption of Welding Fume Extraction Equipment
Laser Welding is a Fast Emerging Trend in Production
Although Effective, Laser Welding Emits Hazardous Fumes that Mandate Use of Welding Fume Extraction Equipment
Increased Adoption of Automated & Robotic Wielding Systems Drives the Need for Welding Fume Extraction Equipment
Focus on Automation Pushes Up Investments in Robotic Welding
Robotic Welding Creates Hazardous Fumes & Dust
Robotic Fume Extraction Rises in Popularity
Plasma Wielding Aggravates the Threat of Toxic Fumes Driving Demand for Welding Fume Extraction Equipment
Technological Advancements and Innovations Contribute to Market Growth
For more information about this report visit https://www.researchandmarkets.com/r/vje16a
Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
View original content:https://www.prnewswire.com/news-releases/global-welding-fume-extraction-equipment-market-report-2022-market-to-reach-5-1-billion-by-2026---health-risks--stringent-worker-safety-regulations-spur-adoption-301557260.html
(Bloomberg) -- Novavax Inc. slumped 20% on Friday after US regulators raised concerns over the biotech’s much-anticipated Covid-19 vaccine. Most Read from BloombergOne-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey FindsTesla Pauses Hiring as Musk Aims for 10% Staff Cut, Reuters SaysElon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get Out‘Most Clever Oligarch’ Severed His $37 Billion Fortune From Russian RootsStocks Resume Weekly Losses as Jobs Fuel Rate Bets:
Elon Musk stole the spotlight this morning, and his reported comments are hitting the stock prices of many electric vehicle (EV) makers. Nio (NYSE: NIO) is one that shares the Chinese market with Musk's Tesla, and its American depositary shares are being impacted. As of 11:06 a.m. ET, Nio shares were down 4.9% on the final trading day of the week.
Tesla CEO Elon Musk's "super bad feeling" about the economy could be the auto industry's "canary in the coal mine" moment, signaling a recession for an industry whose bosses have shown no signs of concern. Musk said the electric carmaker needed to cut about 10% of its workforce in an email to executives seen by Reuters. Musk's warning is the first loud and public dissent in a united stance by the auto industry that underlying demand for cars and trucks remains strong despite two years of global pandemic.
(Reuters) -Dave Clark, the executive who made Amazon.com Inc into a worldwide delivery behemoth, is stepping down as chief executive of the online retailer's consumer business to pursue other opportunities, the company said on Friday. Amazon CEO Andy Jassy said he expects to name a replacement in the next few weeks and that the company has work ahead "to get to where we ultimately want to be" in the division Clark ran. The departure further solidifies a changing of the guard at Amazon, which for years had veteran ranks under founder Jeff Bezos.
These big names are down — but certainly not out.
Yahoo Finance Live checks out several stocks tied to leading industry stories, including American Airlines' decision to raise guidance amid the current travel boom and Boeing facing a two-year delay for its 737 jetliner re-designs.
The Dow Jones fell on strong jobs data. Tesla stock plunged on an Elon Musk move. Apple stock crumbled. Amazon fell after an executive quit.
Semiconductor specialist Nvidia (NASDAQ: NVDA) was down as much as 5.5%, iPhone maker Apple (NASDAQ: AAPL) was off by as much as 4.5%, and e-commerce kingpin Amazon (NASDAQ: AMZN) slipped as much as 3.5%. New warnings about the possibility of a recession sent a wide swath of stocks lower today, but there was also company-specific news for each of the technology stalwarts. Tesla CEO Elon Musk joined the chorus of business leaders sounding the alarm about the economy and the possibility of a recession.
JPMorgan Chase CEO Jamie Dimon recently clarified his stance on remote work after employees proved resistant to returning to the office full time.
Tesla CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of salaried staff at the electric carmaker, he said in emails seen by Reuters. The dire outlook came two days after the billionaire told staff to return to the workplace or leave and adds to a growing chorus of warnings from business leaders about the risks of recession. Tesla shares fell 9% in U.S. trade on Friday after the Reuters report.
Yahoo Finance auto reporter Pras Subramanian breaks down data from a new report indicating depressed U.S. auto sales amid rising inflation and interest rates.
Oil rig numbers have climbed, but producers remain reluctant to deliver more oil, focusing instead on oil stock investors.
See who joins Nvidia and GOOGL on this screen of Warren Buffett stocks based on the investing strategy of Berkshire Hathaway's CEO.
(Bloomberg) -- Mark Spitznagel is paid to be prepared for when the market’s weakest links are exposed in a big way.Most Read from BloombergOne-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey FindsTesla Pauses Hiring as Musk Aims for 10% Staff Cut, Reuters SaysElon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get Out‘Most Clever Oligarch’ Severed His $37 Billion Fortune From Russian RootsStocks Resume Weekly Losses as Jobs Fuel Rate Bets: Markets WrapRight now, th
Piper Sandler is scared of a computer memory glut, but Micron's stock price is cheap enough to already factor that in.
Supply-chain snags led Boeing to recently pause 737 MAX production for about 10 days, people familiar with the matter said, complicating the plane maker’s ability to satisfy airlines’ demand for new aircraft. Boeing’s problems with delivering new narrow-body jets have frustrated customers such as Ryanair Holdings PLC as carriers seek to capitalize on surging air travel demand, and hindered the plane maker’s efforts to generate cash to pay down debt. Boeing is expected to burn through around $3.6 billion in cash during the first half of 2022, according to analysts’ estimates, though the company forecasts it can have positive cash flow for the year.
It was a tough day for high-growth stocks, as a hot jobs number stoked inflation fears even as Elon Musk warned about the global economy.
Jas Thandi, Aon Partner of Portfolio Strategy, and WisdomTree Global CIO Jeremy Schwartz sit down with Yahoo Finance Live to talk about how markets are handling the Fed's raised interest rates, alternative investments, and rising prices in oil commodities.
Tesla stock fell on Friday after CEO Elon Musk reportedly said the electric-auto maker would need to cut around 10% of its workforce.
Don’t bail on stocks. Just choose them wisely.