Blockchain Press Releases
Fume Extractor Market to Reach $1.9 Billion, Globally, by 2032 at 4.4% CAGR: Allied Market Research
The growth of the global fume extractor market is majorly driven by an increase in occupational health and safety regulations and the growing emphasis on workplace safety
PORTLAND, Ore., July 21, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Fume Extractor Market By Type (Portable Fume Extractors, Benchtop Fume Extractors, Welding Fume Extractors, Soldering Fume Extractors, Laser Fume Extractors and Others), By End-use Industry (General Manufacturing, Electricals and Electronics, Pharmaceuticals, Automotive and Aerospace, Construction, and Others), By Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis And Industry Forecast, 2023-2032″. According to the report, the fume extractor market was valued for $1.3 billion in 2022 and is estimated to reach $1.9 billion by 2032, exhibiting a CAGR of 4.4% from 2023 to 2032.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/109489
Prime determinants of growth
The growth of the global fume extractor market is majorly driven by an increase in occupational health and safety regulations. Governments and regulatory bodies are implementing stricter regulations to protect the health and safety of workers. These regulations often require the use of fume extractors or similar ventilation systems in industries where hazardous substances are present. The growing emphasis on workplace safety is driving the demand for fume extractors. However, high production cost of fume extractors is expected to hamper the market growth.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$1.3 billion |
|
Market Size in 2032 |
$1.9 billion |
|
CAGR |
4.4 % |
|
No. of Pages in Report |
250 |
|
Segments covered |
Type, End-use Industry, and Region. |
|
Drivers |
Increase in demand for fume extractors in several industries Strict regulations on occupational exposure to hazardous substances |
|
Opportunities |
Surge in demand for fume extractors from the manufacturing sector |
|
Restraints |
High production cost of fume extractors |
The welding fume extractors segment maintained its lead position during the forecast period
Based on type, the welding fume extractors segment accounted for the largest share in 2022, contributing to around two-fifths of the global fume extractor market revenue, due to increasing emphasis on workplace safety and health regulations across industries. Welding produces hazardous fumes and particles that can pose serious health risks to workers if inhaled. Welding fume extractors help remove these pollutants from the air, ensuring a safer working environment and reducing the potential for respiratory issues and long-term health problems. However, the laser fume extractors segment is anticipated to grow at the highest CAGR of 5.0% during the forecast period.
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The general manufacturing segment maintained its lead position during the forecast period
On the basis of the end-use industry, the general manufacturing segment dominated the largest market share in 2022 contributing to more than two-fifths of the global fume extractor market revenue, due to growing recognition of the importance of providing a safe working environment for employees. Manufacturers are becoming more aware of the potential health hazards associated with various manufacturing processes, including welding, soldering, grinding, and cutting. Fume extractors play a crucial role in removing harmful fumes, gases, and particulate matter from the air, thereby protecting workers’ health. However, the automotive and aerospace segment is anticipated to grow at the highest CAGR of 5.1% during the forecast period.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global fume extractor market. Asia-Pacific is anticipated to register the highest CAGR of 4.8% during the forecast period, due to the highly developed electronic sector in China and the continuous investments are done in the region through the years to advance the electronic sector.
Leading Market Players: –
- American Air Filter Company, Inc
- APZEM Inc
- Cleantek
- Sentry Air Systems, Inc.
- Quatro Air Technologies Inc.
- HAKKO Corporation
- Apollo Seiko
- Span Filtration Systems Pvt. Ltd.
- Powertech Pollution Controls
- Donaldson Company, Inc.
The report provides a detailed analysis of these key players in the global fume extractor market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies:
https://www.alliedmarketresearch.com/fume-extractor-market/purchase-options
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Blockchain Press Releases
HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million
Embracing a New Era of Crypto Growth with Enhanced Security, Premium Listings, and Global Expansion in 2025
SINGAPORE, Jan. 15, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, today released its annual report, “Embracing Global Growth with Innovation and Trust,” detailing its significant achievements in 2024 and outlining its ambitious roadmap for the year ahead.
Read the full report here: https://square.htx.com/htx-2024-recap-2025-outlook/
2024: A Year of Explosive Growth Across Multiple Fronts
In 2024, HTX demonstrated remarkable progress across key areas, including user acquisition, trading volume, product innovation, compliance, and ecosystem development. This success was driven by cutting-edge offerings, excellent services, and a robust global strategy.
- Key Metrics Show Accelerated Growth Through Innovative Events
HTX’s performance metrics reveal unparalleled momentum. The platform welcomed 3 million new registered users in 2024, bringing its total user base to over 49 million. Trading volume surged, reaching nearly $2.4 trillion, marking a 100% year-over-year increase with consistent monthly growth. User assets also saw significant growth, with a net capital inflow of $1 billion, bringing the total to $5 billion—a robust 80% increase compared to early 2024.
These achievements can be attributed to the success of HTX’s innovative events, such as Launchpool, Trade to Earn, Earn with Pending Orders, Borrow & Earn, SmartEarn, and the 11th Anniversary Series. These events fostered unprecedented engagement, trading volume, and rewards offered to participants.
Over the past year, community members actively participated in HTX DAO, casting over 350,000 votes. Based on the governance proposals passed by HTX DAO, HTX introduced new models such as “Multiple Staking Rewards” to enhance the value of $HTX. These models further strengthened the competitiveness of the $HTX token. Data shows that thanks to mechanisms such as Liquidity Pledge and Token Burns, the total number of users holding $HTX on the HTX exchange reached over 720,000. Moreover, the amount held by large holders increased by 268%, with the number of large holders possessing over 100,000 USDT experiencing a 110% increase.
- Spotlight on Emerging Trends and Early Opportunities
Leveraging its market insights, HTX listed 218 high-quality assets in 2024, including WIF, BOME, ONDO, and ENA, across diverse hot sectors including DePIN, RWA, and meme coins. Notably, 171 of these assets were initially listed on HTX.
SUNDOG, the best-performing coin within the SunPump ecosystem, experienced a remarkable 37-fold growth after its listing, becoming a key driver of SunPump’s success. Recognizing the importance of identifying and capitalizing on emerging opportunities, HTX promptly launched the Crypto Gem Hunt to help users discover and capitalize on potential wealth-generating assets.
- Commitment to Security and Regulatory Compliance
HTX made significant strides in global compliance, including applying for Europe’s MiCA licenses and pursuing regulatory approvals in Dubai (VARA’s FMP license) and Bahrain for custody, brokerage, and exchange operations.
To ensure asset transparency, the exchange consistently delivered Proof of Reserves by Merkle Tree Verification for 12 consecutive months, maintaining over 100% reserve ratios across eight assets.
- Towards Long-Term Development Through Ecosystem Cooperation
HTX Ventures, the global investment arm of HTX, invested in 28 leading projects in 2024, spanning diverse sectors such as BTCFi, ZK-rollups, modular infrastructure, AI, SocialFi, and more. Furthermore, HTX fostered strategic collaborations with leading venture capital firms, including Bankless and Figment, to jointly promote the sustained growth and development of the crypto industry.
- Promotion of Brand Image to Facilitate Global Reach
Throughout 2024, HTX consistently made a strong impression at top crypto summits worldwide, such as TOKEN2049 and Blockchain Life, hosting 19 brand events and receiving 4 industry awards. Notably, the host of Crypto Summit 2024 revealed at the opening ceremony that HTX holds an 11% market share, ranking third in the CIS region, solidifying its position as a key player in the market.
2025: Seizing Opportunities in a New Crypto Era
HTX’s 2025 vision aligns with anticipated industry tailwinds, including potential shifts in the U.S. Federal Reserve’s interest policies and the evolving global regulatory landscape. The exchange plans to:
1. Expand premium listings.
2. Enhance product offerings and user experience through innovation.
3. Strengthen security measures and global operations models.
4. Support decentralized governance and foster global crypto prosperity.
5. Cement HTX’s influence, particularly in high-potential regions like the CIS.
2025 will be a pivotal year for HTX to seize emerging industry opportunities. As a well-established digital asset trading platform with a proven track record of industry building, and a strong user-centric focus, HTX is confident to deliver exceptional services for its global user base and advance toward its vision of “Achieving Financial Freedom for 8 Billion People on Earth”.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected]
Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com
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Welcome to Blocks & Headlines, your comprehensive daily briefing on the transformative world of blockchain. Today, we explore groundbreaking partnerships, economic innovations, and blockchain-powered initiatives redefining the future.
Sony Ventures Into Blockchain With New Identity Solutions
Sony has unveiled its latest blockchain-based digital identity solution designed to enhance privacy and security in the online space. This innovative system uses decentralized technology to manage digital credentials, making identity verification seamless and secure.
Sony’s venture reflects a broader trend among tech giants exploring blockchain’s potential to reshape data privacy and authentication systems.
Source: Sony Press Release
TRON’s Daily Revenue Skyrockets 119% in 2024
TRON has reported a staggering 119% increase in daily revenue, a testament to its innovative blockchain economic models. By leveraging smart contracts and a scalable infrastructure, TRON continues to attract developers and businesses seeking cost-efficient blockchain solutions.
This growth positions TRON as a leading player in the competitive blockchain ecosystem, setting benchmarks for others to follow.
Source: Bitcoin.com
MIGMIG Partners With XT.com to Bring Blockchain Rewards
MIGMIG, a blockchain gaming and rewards platform, has partnered with XT.com to expand its reach and user engagement. This collaboration aims to deliver unique blockchain-powered rewards while enhancing the gaming experience for users worldwide.
The partnership highlights the increasing intersection of blockchain technology and entertainment, opening new avenues for user interaction.
Source: Bitcoinist
Nano Labs Supports the Inaugural Presidential Crypto Ball
Nano Labs has announced a partnership with the Inaugural Presidential Crypto Ball, emphasizing its commitment to fostering blockchain awareness. This high-profile event aims to bridge the gap between blockchain innovators and policymakers, paving the way for broader adoption.
The initiative underscores the importance of collaboration between the blockchain community and governmental bodies to shape the future of digital assets.
Source: PR Newswire
Bybit Card Partners With EnTravel for Luxury Travel Perks
Bybit has teamed up with EnTravel to offer its cardholders exclusive discounts on luxury travel experiences. This partnership integrates blockchain-powered payment solutions with high-end travel services, providing users with unparalleled convenience and value.
The move exemplifies how blockchain technology can enhance traditional industries, offering innovative solutions tailored to modern consumer needs.
Source: PR Newswire
Key Insights and Industry Trends
- Decentralized Identity: Sony’s blockchain-based solution addresses growing concerns over online security and privacy.
- Economic Innovations: TRON’s revenue surge highlights the profitability of scalable blockchain networks.
- Gaming and Blockchain: Partnerships like MIGMIG and XT.com showcase the potential of blockchain in entertainment.
- Policy and Collaboration: Nano Labs’ involvement in the Crypto Ball underscores the importance of industry-government dialogue.
- Luxury Integration: Bybit and EnTravel demonstrate blockchain’s ability to enhance traditional services.
The post Blocks & Headlines: Today in Blockchain ( appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap)
Welcome to Blocks & Headlines, your comprehensive daily digest of the latest trends, innovations, and developments in blockchain technology. Today’s stories explore transformative partnerships, regulatory debates, and breakthroughs in decentralized finance and blockchain integration.
Vault Zero: Pioneering AI and Blockchain Synergy
Vault Zero is revolutionizing the tech landscape by integrating AI capabilities with blockchain innovation. The project focuses on creating decentralized ecosystems that leverage AI for enhanced decision-making, security, and scalability. This initiative addresses a growing demand for AI-driven blockchain solutions in sectors such as finance, healthcare, and supply chain management.
The announcement underscores the potential of combining AI and blockchain to address real-world challenges. By enabling data immutability and intelligent automation, Vault Zero is setting a new standard for tech convergence.
Source: Bitcoinist
Vitalik Buterin Warns Against Blockchain Censorship
Ethereum co-founder Vitalik Buterin has issued a cautionary note about the potential risks of blockchain censorship. Speaking on recent developments in transaction filtering, Buterin warned that regulatory pressures could lead to compromised decentralization. He emphasized the importance of community vigilance to ensure that blockchain networks remain open and resistant to manipulation.
This serves as a wake-up call for developers and users alike, highlighting the need to strike a balance between compliance and the foundational principles of decentralization.
Source: U.Today
Dubai’s DAMAC Enters $1 Billion Blockchain Partnership
Real estate developer DAMAC Properties has inked a $1 billion deal with blockchain platform Mantra. The partnership aims to tokenize real estate assets, allowing for greater transparency and liquidity in property investments. This marks a significant milestone in bridging traditional real estate markets with blockchain technology.
By leveraging blockchain for tokenization, DAMAC is enabling fractional ownership, thus broadening access to high-value properties. This initiative could pave the way for similar integrations in global real estate markets.
Source: Reuters
Cardano Teams Up with FC Barcelona
Cardano has partnered with FC Barcelona to empower fans through blockchain technology. The collaboration focuses on creating digital collectibles and fan engagement platforms. By leveraging Cardano’s blockchain infrastructure, the initiative aims to enhance fan experiences while maintaining sustainability and scalability.
This partnership reflects the growing intersection between sports and blockchain, where fan-centric solutions can drive adoption and innovation.
Source: Bitcoin.com
ArmSwap Launches Its DeFi Platform
Decentralized finance (DeFi) continues to thrive with the launch of ArmSwap’s new platform. ArmSwap offers advanced features like yield farming, liquidity pooling, and cross-chain compatibility. Designed to attract both retail and institutional investors, the platform emphasizes security and user-friendly interfaces.
ArmSwap’s entry into the DeFi space highlights the sector’s dynamism and the ongoing efforts to make decentralized finance accessible to a broader audience.
Source: PR Newswire
Industry Insights and Emerging Trends
The blockchain landscape continues to evolve, characterized by groundbreaking innovations and collaborations. Key trends include:
- AI-Blockchain Convergence: Projects like Vault Zero exemplify the synergy between artificial intelligence and blockchain.
- Decentralization Challenges: Vitalik Buterin’s warning highlights the need to safeguard against blockchain censorship.
- Tokenization in Real Estate: DAMAC’s partnership with Mantra showcases the transformative potential of asset tokenization.
- Blockchain in Sports: Cardano’s collaboration with FC Barcelona underscores blockchain’s growing role in fan engagement.
- DeFi Expansion: Platforms like ArmSwap are setting new benchmarks for decentralized finance.
The post Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap) appeared first on News, Events, Advertising Options.
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