Global Ventilation Fan Market Size study & Forecast, by Product (Axial, Centrifugal) by Raw Material (Metal, Plastic), by Deployment (Wall-mounted, Ceiling-mounted), by Application (Industrial, Commercial, Residential) and Regional Analysis, 2022-2029

Global Ventilation Fan Market Size study & Forecast, by Product (Axial, Centrifugal) by Raw Material (Metal, Plastic), by Deployment (Wall-mounted, Ceiling-mounted), by Application (Industrial, Commercial, Residential) and Regional Analysis, 2022-2029

Global Ventilation Fan Market is valued at approximately USD 2.81 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.00% over the forecast period 2022-2029. A ventilation fan, also known as an exhaust fan, is a type of mechanical fan that is used to expel stale, humid, or polluted air from a room or building and bring in fresh air from outside. These fans work by pulling air out of an enclosed space, such as a bathroom, kitchen, or laundry room, and pushing it outside through a duct or vent. Ventilation fans are typically installed in the ceiling or wall and are powered by electricity. Rising public awareness of the advantages of ventilation in the residential sector is what is driving the development. For a good life, a regular dilution of metabolic pollutants is necessary. By diluting and removal of the pollutants released within a space, ventilation fans have the power to keep good indoor air quality, which is important for the occupant’s health and comfort. These goods lessen moisture and odour while removing germs and pollutant accumulation.

Numerous studies have demonstrated that bad indoor air quality is a significant contributor to a wide range of health problems. The World Health Organization (WHO) estimates that 3.8 million people per year pass away from diseases brought on by indoor air pollution. The leading causes of mortality among them are pneumonia (27%), stroke (18%), ischemic heart disease (27%), chronic obstructive pulmonary disease (COPD) (20%), and lung cancer (8%). As ventilation fans help keep an ideal temperature and air quality throughout the rooms, they can help reduce the problem of respiratory diseases. They remove excess moisture and bad odours from space to produce a healthy indoor environment. Moreover, rising demand for smart ventilation fans and rising initiatives by the key market players are creating lucrative growth opportunities for the market over the forecast period 2022-2029. However, the high cost of Ventilation Fans stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Ventilation Fan Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of worldwide revenue share for ventilation fans in 2021, North America dominated. The majority of contemporary American builders closely adhere to the Passive House standard, which is concerned with quality, comfort, and energy efficiency. As a result, they depend heavily on exhaust fans to maintain airtight, energy-efficient homes. These elements are anticipated to support regional development in the ensuing years. The highest CAGR is anticipated to occur in Asia Pacific between 2021 and 2029. Due to simple access to labor and rising demand from various industries, including manufacturing, services, and government, nations such as China, India, Indonesia, Japan, and South Korea have developed into manufacturing hubs. Additionally, the majority of governments have put stringent standards for worker safety into place.

Major market player included in this report are:
Crompton Greaves Consumer Electricals Limited
Delta Electronics, Inc.
Fuji Electric Co., Ltd.
Havells India Ltd.
Mitsubishi Electric Corporation
Panasonic Corporation
Rexnord Electronics & Controls Ltd.
Surya Roshni Ltd.
Systemair AB
Volution Group Plc

Recent Developments in the Market:
 In May 2022, Manufacturers have started to integrate smart technology into their ventilation fans, allowing users to control them using their smartphones, tablets, or voice assistants such as Alexa or Google Assistant. Some of these fans can also automatically adjust their speed based on the level of humidity or air quality in the room.
Global Ventilation Fan Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Raw Material, Deployment, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Axial
Centrifugal
By Raw Material:
Metal
Plastic
By Deployment:
Wall-mounted
Ceiling-mounted
By Application:
Industrial
Commercial
Residential

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned
Crompton Greaves Consumer Electricals Limited
Delta Electronics, Inc.
Fuji Electric Co., Ltd.
Havells India Ltd.
Mitsubishi Electric Corporation
Panasonic Corporation
Rexnord Electronics & Controls Ltd.
Surya Roshni Ltd.
Systemair AB
Volution Group Plc

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