Overview:

The global ventilation fans market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The fans that are used to ventilate air in the house, building, or any particular place are called as ventilation fans. The ventilation generated by these fans is called as mechanical ventilation. These fans are commonly categorized into axial and centrifugal fans and plays important role to provide ventilation in closed places.

Market Dynamics:

Growing air pollution across the globe is a major factor driving growth of the global ventilation fans market. Ventilation fan helps to remove many pollutants and dust particles within a space by diluting the air. Hence adoption of ventilation fans is growing at residential, commercial, and industrial sector.

In addition, growing construction sector and number of residential and commercial buildings is another key factor expected to drive growth of the target market in the near future. Moreover, growing adoption of ventilation fans in many industries to attach with tubes and ducts is another factor propelling growth of the global ventilation fans market.

However, growing cost of raw materials is affecting growth of the target market to a certain extent.

Key Trends:

Rising various strategic initiatives in order to increase the sales is a key trend witnessed in the global ventilation fans market. For instance, in October 2016, Crompton Greaves Consumer Electricals Ltd. has started new campaign – CookSweatFree to spread awareness about the available products and their applications. This type of strategic moves expected to support growth of the global market in the near future.

Regional Analysis:

For detailed understanding of market dynamics, the global ventilation fans market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently North America has contributed to highest market share in the global market owing to early adoption of ventilation fans in countries in the region. In addition, high consumer awareness about application of the products is another factor supporting market growth in the region.

However, Asia Pacific is expected to witness highest growth in terms of CAGR during the forecast period. Growing residential and commercial building construction projects is a key factor expected to drive growth of the target market in the region. Additionally, Europe and Middle East & Africa are expected to witness considerable growth in the near future.

Scope of the Report:

Detailed Segmentation:

Global Ventilation Fans Market, By Type:

• Axial
• Centrifugal

Global Ventilation Fans Market, By Material Type:

• Metal
• Plastic

Global Ventilation Fans Market, By Deployment:

• Wall-mounted
• Ceiling-mounted

Global Ventilation Fans Market, By Application:

• Residential
• Commercial
• Industrial

Key Players Covered:

Key players operating in the global ventilation fans market includes Havells India Ltd., Panasonic Corporation, Surya Roshni Ltd., Systemair AB, Volution Group Plc, Delta Electronics Inc., Crompton Greaves Consumer Electricals Limited, Rexnord Electronics & Controls Ltd., Mitsubishi Electric Corporation, and Volution Ventilation UK Limited (Vent-Axia).

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Ventilation Fans Market by type, material type, deployment, application and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global ventilation fans market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.