Ventilation Fans Market is valued at USD 2308.31 Million in 2018 and expected to reach USD 3986.92 Million by 2025 with the CAGR of 8.12% over the forecast period.
Rising awareness regarding the benefits of ventilation in the domestic sector driving the growth of the global ventilation fan market.
Ventilation fans are used to circulate the air in buildings or houses. The use of ventilation fans can overcome the issue of respiratory diseases. It is used to maintain an ideal temperature and air quality across the rooms. It helps to create a healthy indoor environment by drawing excess moisture and unwanted odor from a room. Also, it is used to pull out moisture and odors from the bathroom, improving air quality. These ventilators can rid home of pesticides, pet dander, smoke and other types of bad air, as well as to keep home from becoming too humid. Excess humidity can cause health problems. That’s extra humidity also can change and rot furniture, cause peeling paint and ruin precious possessions. Ventilation fan has various type of application such as residential, commercial and industrial.
Ventilation fan market report is segmented on the basis of type, raw material, deployment, end-user and by regional & country level. Based upon type, ventilation fans market is classified into centrifugal fans and axial fans. Based upon raw material, ventilation fans market is classified into metal and plastic. Based upon deployment, ventilation fans market is classified into wall-mounted and ceiling-mounted. Based upon end user, ventilation fans market is classified into residential, commercial and industrial.
The regions covered in this ventilation fan market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of ventilation fan is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Ventilation fan market report covers prominent players like,
By Raw Material:-
Regional & Country Analysis
• Rest of Europe
• South Korea
• Rest Of APAC
• Rest of South America
• Saudi Arabia
• South Africa
• Rest Of MEA
Increasing awareness regarding the benefits of ventilation in the domestic sector is playing key role to driving the growth of the ventilation fans market. In addition, the use of ventilation fans can overcome the issue of respiratory diseases. It is used to maintain an ideal temperature and air quality across the rooms. According to the National Center for Biotechnology Information, about 4.2 million died due to ambient air pollution in 2016. The deployment of such products with energy-efficient, noise-free, sync with the design of the room and are easy to clean are the major factors expanding the growth of the ventilation fans market.
According to the World Health Organization (WHO), approximately 17% of lung cancer deaths in adults are attributable to exposure to carcinogens from household air pollution in 2018, and about 3.8 million deaths per year due to smoke from dirty cookstoves and fuels. However, high cost with limited resources of raw materials and small apartments have limited window set-ups will hamper the development of the ventilation fans market. Moreover, innovative technology in domestic sectors and the increasing investment in research and development are expected to boost the opportunity for the growth of the ventilation fans market.
North America is dominating the ventilation fan market with the highest share due to rising awareness among the people about advanced technology for healthcare. The presence of new builders in construction with quality, comfort, and energy efficiency for airtight homes, these factors are expected to contribute to the regional growth in the forecast period. Besides, favorable government initiatives toward healthcare and an increase in a number of research collaborations are some of the drivers expected to accelerate the market growth.
The Asia Pacific and the Middle East are expected to emerge as the fastest-growing regional market over the forecast period with due to the increase in healthcare expenditure, rising awareness about air pollution, minimizing labor cost for production and availability of effective infrastructure in emerging countries, such as China and India. These are the major factors increase the growth of markets in forecast period.
|2015 - 2020
|2021 - 2027
|Market Size in 2020:
|USD 2308.31 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2027:
|USD 3986.92 Million
|Tables, Charts & Figures:
|Ventilation Fan Manufacturers
|Panasonic Corporation, Nortek Inc., Systemair AB, Fuji Electric Co., Ltd, Delta Electronics, Inc., Fuji Electric Co., Ltd., Havells India Ltd, Greenwood Airvac, Polypipe Ventilation, Vent-Axia, Mitsubishi Electric Corporation, Airflow Developments Ltd, Titon plc.,Volution Group Plc, Others
|By Type, By Deployment, By Raw Material, By End-users
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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