Solder Fume Extraction Market Size Estimated to Reach USD 63.10 million By 2028, With 2.47% CAGR: Statistics Report by Credence Research

May 09 20:40 2022
Solder Fume Extraction Market Size Estimated to Reach USD 63.10 million By 2028, With 2.47% CAGR: Statistics Report by Credence Research
Global Solder Fume Extraction market has generated revenue of over USD 52.66 million in 2021. It is expected to exhibit CAGR of over 2.47% during the forecast period to reach over USD 63.10 million by the end of 2028.

The Global Solder Fume Extraction Market generated revenue of around USD 52.66 million in 2021 and is anticipated to grow a CAGR of over 2.47% during the forecast period from 2022 to 2028 to reach around USD 63.10 million in 2028. While, cumulative growth opportunity presented by the global Solder Fume Extraction is around USD 412 million during 2022 to 2028.

Global Solder Fume Extraction Market, 2021 – 2028 (USD Million)

Soldering is a widely used to joint two workpieces together. Soldering can be carried out manually or by robotic arms. However, soldering involves metal fumes generation due to high pressure and heat generated during the process. However, these fumes are hazardous and may cause severe health issues. Solder fumes may lead to several critical diseases such as kidney diseases, poisoning, weight loss and hypertension among labours conducting soldering without personal protection equipment’s of in the absence of solder fume extractors. Hence, solder fume extractors are widely being used in manufacturing processes wherever soldering is involved. Some of the major types of solder fume extractors include, Single Operator, Double Operator and Multi Operator.

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Multi Operator Segment to Grow at Rapid Pace

Single Operator, Double Operator and Multi Operator are some of the important types of Solder Fume Extractions produced and consumed across different region. However, Multi Operator is growing in demand and held significant share in total revenue generation with over 35% in 2021. While, Single Operator and Double Operator collectively held over 40% share in total revenue generation in 2021 and poised to play important role in growth of Solder Fume Extraction in the years to come.

Growing Demand from PCB Industry is Driving the Growth of Solder Fume Extraction

Electronics, Chemical, Medical Application, Metalworking and Others are major application markets for the global Solder Fume Extraction industry. Electronics segment held the largest share of global Solder Fume Extraction industry in 2021 with over 40% contribution to revenue generated by Solder Fume Extraction market. Printed Circuit Boards are integral part of any modern day consumer electronics and soldering process is inevitable in manufacturing of PCB. This in turn creating demand for solder fumes extractors. Secondly, Chemical, Medical Application and Metalworking applications are also expected to grow at a significant CAGR which in turn likely to drive demand for Solder Fume Extraction.

Asia Pacific is Second Leading Market for Solder Fume Extraction

Asia Pacific is leading the Solder Fume Extraction industry with over 45% share in 2021. China, Taiwan, South Korea, Japan and Singapore dominate production as well as consumption of Solder Fume Extractors. While, Europe and North America hold moderate market share. Demand for Solder Fume Extraction is growing in Europe and North America on the account of stringent safety regulation in the region. Moreover, growing awareness among end-user regarding health benefits offered by Solder Fume Extraction is mainly driving the demand for Solder Fume Extraction.

Significance of War between Russia & Ukraine for Solder Fume Extraction Importers

As Ukraine and Russia has meager contribution in production as well as consumption of Solder Fume Extraction the impact of war between Russia and Ukraine will be minimal on this market.

Major players operating in the Solder Fume Extraction industry include APT, Avani Environmental, Bodi, BOFA, Boorex, CLARCOR, Conyson, EUROVAC, FUMEX, Goodoop, Hakko, Kaisen, Metcal, Nederman, Powertech Pollution Controls, Quatro-air, Qubo, Sentry Air Systems, Sunyada and Weller.

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Solder Fume Extraction Report Scope

Report Attribute

Details

Market Value in 2021

USD 52.66 million

Market Value in 2028

USD 63.10 million

CAGR

2.47% between 2021 and 2028

Benchmarking Year

2021

Past data

2016 – 2021

Forecast period

2022 – 2028

Report coverage

Market Size Valuation, Share Analysis and Growth Rate by Segments such as Type and Application, Company Share, Competitive Landscape and Trends Analysis

Segments covered

Type

Single Operator

Double Operator

Multi Operator

Application

Electronics

Chemical

Medical Application

Metalworking

Others

Major Players Analysed

APT, Avani Environmental, Bodi, BOFA, Boorex, CLARCOR, Conyson, EUROVAC, FUMEX, Goodoop, Hakko, Kaisen, Metcal, Nederman, Powertech Pollution Controls, Quatro-air, Qubo, Sentry Air Systems, Sunyada and Weller

Cost of the Report

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Market Segmentation

Global Solder Fume Extraction Market by Type, 2016 – 2028

  • Single Operator
  • Double Operator
  • Multi Operator

Global Solder Fume Extraction Market by Application, 2016 – 2028

  • Electronics
  • Chemical
  • Medical Application
  • Metalworking
  • Others

Global Solder Fume Extraction Market by Company, 2016 – 2028

  • APT
  • Avani Environmental
  • Bodi
  • BOFA
  • Boorex
  • CLARCOR
  • Conyson
  • EUROVAC
  • FUMEX
  • Goodoop
  • Hakko
  • Kaisen
  • Metcal
  • Nederman
  • Powertech Pollution Controls
  • Quatro-air
  • Qubo
  • Sentry Air Systems
  • Sunyada
  • Weller
  • Others

Browse the full report at   https://www.credenceresearch.com/report/solder-fume-extraction-market

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