Ventilation Fans Market Size, Share Report And Forecast 2032

Ventilation Fans Market Insights

According to the report published by Zion Market Research, the global Ventilation Fans Market size was valued at USD 2.71 Billion in 2023 and is predicted to reach USD 5.40 Billion by the end of 2032. The market is expected to grow with a CAGR of 7.1% during the forecast period. The report analyzes the global Ventilation Fans Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Ventilation Fans industry.

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Global Ventilation Fans Market: Overview

A ventilation fan is used to provide fresh and clean air in the room. The dust particles and contaminants like dirt, and bacteria cause habitat health hazards in a non-air circulation room. Moreover, the presence of technical devices in the room also affects the temperature of the room. Hence such fans help in ventilating the unclean air, foul smell, and smoke from the room. These are widely used in commercial and residential spaces to improve air quality.

Global Ventilation Fans Market: Growth Factors

The growth of the global ventilation fans market is driven vigorously by increasing awareness regarding the advantages offered by ventilation fans in household sectors. Regular dilution of metabolic pollutants is important for a living being. They maintain good air quality by removing the pollutants in the indoor space and are a major contributor to the global ventilation fans market. With new construction models, the average size of apartments is reducing in all the major regions across the globe due to the need for building affordable housing has significantly boosted the growth of the global ventilation fans market.

The surging need from millennials for low-priced homes at prime locations is likely to grow the market further during the forecast period. Such apartments have few window set-ups with almost no proper open spaces and thus it creates a huge demand for ventilation fans. The growing awareness of people regarding their health has also fueled the growth of the global ventilation fans market.

There have been numerous studies that have concluded that poor air quality in residential or commercial spaces can cause some serious health issues. The deployments of these fans also reduce the chemical fume buildup that is extremely harmful to humans if breathed in. The outbreak of COVID-19 has significantly boosted the demand for ventilation fans. Moreover, it has created lucrative growth opportunities in the global ventilation fans market for a very long time as the recovered patients of coronavirus are still facing some respiratory issues.

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Global Ventilation Fans Market: Segmentation

The global ventilation fans market can be segmented into type, application, deployment, raw material, product, and region.

By type, the market can be segmented into range hood fans, power roof fans, domestic exhaust fans, cross-flow fans, axial fans, and centrifugal fans.

By application, the market can be segmented into residential, commercial, and industrial. The industrial segment holds hegemony over others owing to the stringent regulations from governments regarding the safety of employees in the organization.

By deployment, the market can be segmented into ceiling-mounted and wall-mounted. The wall-mounted segment dominates the global ventilation fans market. They are preferred because of their heavy-duty air circulation quality.

By raw material, the market can be segmented into plastic and metal. The metal segment holds the largest share in the global ventilation fans market owing to its sturdiness and strength which makes the product capable of facilitating better air circulation.

By product, the market can be segmented into centrifugal and axial. The axial segment accounts for the largest share in the global ventilation fans market as they need less power to operate a high volume of air.

Ventilation Fans Market: Report Scope

Global Ventilation Fans Market: Regional Analysis

North America holds the largest share in the global ventilation fans market owing to the modern designed houses that do not have good ventilation systems. Moreover, the growing rules and regulations from the government for better health of the workers also fuel the regional market growth.

Asia Pacific is anticipated to witness huge growth with high CAGR during the forecast period due to the presence of prominent market players and growing stringent regulations from the government.

Global Ventilation Fans Market: Competitive Players

Some of the significant players in the global ventilation fans market are:

• Volution Group Plc
• Systemair AB
• Surya Roshni Ltd.
• Rexnord Electronics & Controls Ltd.
• Panasonic Corporation
• Mitsubishi Electric
• Havells India Ltd.
• Fuji Electric Co., Ltd.
• Delta Electronics, Inc.
• Weihe
• Polypipe Ventilation
• Titon
• Feidiao
• Nedfon
• Jinling
• GENUINE
• Vent-Axia
• Systemair
• Airmate
• Suncourt
• Airflow Developments
• Delta Product
• Broan-NuTone
• Zehnder
• Panasonic
• Crompton.

The Global Ventilation Fans Market is segmented as follows:

By type 

• range hood fans
• power roof fans
• domestic exhaust fans
• cross-flow fans
• axial fans
• centrifugal fans 

By application 

• residential
• commercial
• industrial 

By deployment 

• ceiling-mounted
• wall-mounted

By raw material 

• plastic
• metal

By product 

• centrifugal
• axial

Global Ventilation Fans Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.