The global Laser-Beam Welding market is forecast to reach USD 6.53 Billion by 2027, according to a new report by Reports and Data. Strict environmental regulations regarding occupational exposure to the dangerous fumes generated during welding are expected to lead to a surge in demand for the product.

Equipment for fume extraction is used to control and minimize the smoke and other toxic particles generated during the welding process. Various types of toxic substances with varying concentrations are generated during different procedures. The strength of the toxic particulate varies with the technology and type of materials used. The equipment operators face serious health hazards as toxic substances can cause diseases like Parkinson's disease, chronic lung problems, and larynx cancer. Hence, growing awareness regarding the health and safety of the personnel working on the equipment is expected to lead to a surge in the market.

Governments of many countries have mandated specific rules to maintain a regulated, safe work environment. This fosters market growth. In certain regions, there is low adoption of the product, owing to careless employee management. Also, the product generally has a long lifespan of around ten years, which makes replacement less frequent. These factors are expected to hamper the market demand, as they are significant constraints for it.

The COVID-19 impact:
The COVID-19 Pandemic has led to lockdowns among major nations all around the globe. Many industries are unfunctional in the current situation. Due to this, welding activities have also taken a hit, due to which the Laser-Beam Welding is also witnessing a decline in demand. Major manufacturers involved in production are also not operating currently, which is leading to a reduction in the supply side too. It is expected that once the situation is normal, and the industries start functioning again, the demand for the product will rise. Major manufacturers who have halted operations are currently involved in product innovations so that when the market opens again, they can capture a larger share of it. This will lead to further demand for the product, as more consumers will adopt it due to the latest innovations.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3200

Key participants include Pace Worldwide, Filcar s.p.a., Sentry Air Systems, Inc., Air Liquide Welding Group, RoboVent Products Group, Inc., Parker Hannifin Corporation, Kemper America Inc., Donaldson Company, Inc., Lincoln Electric Co., and Miller Electric Mfg. Co., among others.

Further key findings from the report suggest

• Large Centralized Systems occupied 21.5% of the market share in 2019. These systems provide benefits, such as requiring lower maintenance and consumer lesser space. Also, these can be designed for future expanded layouts, which helps in avoiding repeated capital expenditures.
  • In terms of Application, Laser Beam Welding occupied the second-largest market share in 2019. Laser Beam welding is used in places where delivering a focused heat source is required. This is extensively used in the automotive industry, as these boost productivities at lower costs. These are used in welding automotive parts, such as door, roof, and filter assemblies together.
  • Offline Stores occupied 75.8% of the market share in 2019. This is primarily due to the fact that consumers like to experience the product physically before purchasing as it is a high involvement product. Since it is used for a long time, for around ten years, consumers need to make sure that the product they are purchasing fits their requirements. This leads to them buying offline mostly.
  • North America occupied 24.8% of the market share in 2019. This is due to the presence if countries, such as the U.S. in the region, where strict regulations are present. Along with this, growing industrial development in the area also drives the market.
  • China is one of the largest producers and consumers of Laser-Beam Welding. This is due to the cheap labour and ease of doing business in the country. Also, the growing industrialization and urbanization have led to increasing welding activities, which in turn drives the Laser-Beam Welding market, making China one of the largest consumers of the product.

To know more about the report @ https://www.reportsanddata.com/report-detail/welding-fume-extraction-equipment-devices-market

For the purpose of this report, Reports and Data have segmented into the global Laser-Beam Welding market on the basis of product, application, distribution channel, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

• Mobile Unit
  • Stationery Unit
  • Large Centralized Systems

Application Outlook (Revenue, USD Billion; 2017-2027)

• Oxy-Fuel Welding
  • Laser-Beam Welding
  • Resistance Welding
  • Arc Welding

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

• Offline Stores
  • Online Stores

Regional Outlook (Revenue, USD Billion; 2017-2027)

• North America
  o U.S
  • Europe
  o U.K
  o France
  • Asia Pacific
  o China
  o India
  o Japan
  • MEA
  • Latin America
  o Brazil

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3200

Thank you for reading our report. Customization of this report is available according to the requirement of the clients. For further query or information regarding this report, please get in touch with us and team will ensure your doubts are cleared.

Read Our Related Reports:

Utilities Mobile Cranes Market Application

Cassette Air Conditioner Market Competition landscape

Ceiling Mounted Fan Coil Market Asia Pacific

Chilled Products Transport Market Canada

Chlorine Compressors Market Unites States