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Global Ventilation Fan Market Size, Share, Report, Analysis: By Product Type: Centrifugal Fans, Axial Fans, Cross Flow Fans, Domestic Exhaust Fans, Power Roof Fans, Range Hood Fans; By Deployment: Wall, Ceiling, Inline, Others; By Material; By Application; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Global Ventilation Fan Market Outlook
The global ventilation fan market size reached approximately USD 3.16 billion in 2023. The market is further projected to grow at a CAGR of 7.3% between 2024 and 2032, reaching a value of USD 6.00 billion by 2032.
Key Trends in the Market
Ventilation fans are used for ventilating residential, commercial, and industrial spaces. These fans create an airflow by rotating the fan blades with the help of an electric motor. They remove unwanted odours, smoke, stale air, and humidity out from the commercial and residential spaces, allowing for a comfortable experience for the residents and visitors. These fans aid in provision of proper ventilation in homes, ensuring the health of the individuals.
- The Lack of proper ventilation systems in houses can exacerbate various health conditions including asthma and degrade indoor air quality, aggravating or triggering allergies. Additionally, elimination of excessive moisture from the air prevents the growth and development of mildews and moulds. The increasing awareness about such benefits is boosting the ventilation fan market growth.
- The expansion of the healthcare sector is providing lucrative growth opportunities to the market. Ventilation fans assist in the removal of infected and stale air from treatment areas and patient rooms, among other sections of the hospital facility, aiding in reduction of airborne pollutants. This is especially necessary in the surroundings of patients with weakened and compromised immune systems due to different diseases and disorders or treatments.
- Growing preference for small and affordable housings in metropolitan areas due to increasing commuting expenses and traffic are propelling the ventilation fan market demand as such housings and apartments lack efficient air circulation systems due to limited window configurations. Narrow floor plans and densely populated living spaces can also result in the high concentration of air pollutants and irritants, contributing to decreased air quality.
Market Segmentation
On the basis of product type, the market is divided into centrifugal fans, axial fans, cross flow fans, domestic exhaust fans, power roof fans, and range hood fans. Based on deployment, the market is segregated into wall, ceiling, and inline, among others.
On the basis of materials, the market is classified into plastic, metal, and alloy. Based on application, the market is segmented into industrial, residential, and commercial. On the basis of distribution channel, the ventilation fan market segmentation includes offline and online.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Mitsubishi Electric Corporation
- Panasonic Holdings Corp.
- Crompton Greaves Consumer Electricals Limited
- Delta Electronics, Inc.
- Havells India Ltd.
- Rexnord Electronic & Control Ltd.
- Volution Group Plc
- Systemair AB
- Continental Fan Manufacturing Inc.
- Surya Roshni Ltd.
- Others
Market Share by Product Type
As per the ventilation fan market analysis, Axial fans are anticipated to witness an increased demand over the forecast period owing to their ability to generate significant airflow rates, provide variable speeds, and produce low noise as opposed to other industrial ventilation fans. These fans find applications in ventilation of laundries, warehouses, garages, and factories, among others.
Market Share by Region
The Asia Pacific is anticipated to hold a significant ventilation fan market share owing to the prominent presence of various major manufacturers including Mitsubishi Electric Corporation, Panasonic Holdings Corp., Crompton Greaves Consumer Electricals Limited, Delta Electronics, Inc., and Havells India Ltd., among others. The growing awareness about the various benefits of associated with the maintenance of indoor air quality due to utilisation of Continuous Emission Monitoring Systems is resulting in an increased demand for ventilation fans.
The expansion of the ventilation fan industry in the Asia Pacific region is further supported by the increasing knowledge about the negative effects of prolonged exposure to indoor air pollutants including the development of Sick Building Syndrome, which could result in decreased productivity.
In India, the contribution of IAP to AAP is estimated to vary between 22% and 52% as per the United Nations Environment Programme. The control measures for IAP include exposure control, source management, and adoption of proper ventilation systems. The primary pollutants in rural households using biomass include PM, BC, and CO, while additional pollutants include VOCs.
Competitive Landscape
Mitsubishi Electric Corporation is one of the leading electricals and electronic equipment manufacturing companies that was founded in 1921 and is headquartered in Tokyo, Japan. The company’s product portfolio includes ventilation fans, information and communication systems, and industrial automation systems, among others.
Panasonic Holdings Corp. is a multinational electronics manufacturing company that was founded in 1918 and is headquartered in Osaka, Japan. The company provides a wide range of integrated solutions for different sectors including energy, automotive, and avionics, among others.
Crompton Greaves Consumer Electricals Limited is an electrical equipment manufacturing company that was founded in 1937 and is headquartered in Mumbai, India. The company specialises in ventilation fans, kitchen appliances, water heaters, and air coolers, among others.
Other ventilation fan market players include Delta Electronics, Inc., Havells India Ltd., Rexnord Electronic & Control Ltd., Volution Group Plc, Systemair AB, Continental Fan Manufacturing Inc., and Surya Roshni Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Deployment |
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| Breakup by Material |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ventilation Fan Market Analysis
8.1 Key Industry Highlights
8.2 Global Ventilation Fan Historical Market (2018-2023)
8.3 Global Ventilation Fan Market Forecast (2024-2032)
8.4 Global Ventilation Fan Market by Product Type
8.4.1 Centrifugal Fans
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Axial Fans
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cross Flow Fans
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Domestic Exhaust Fans
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Power Roof Fans
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Range Hood Fans
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.5 Global Ventilation Fan Market by Deployment
8.5.1 Wall
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Ceiling
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Inline
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Ventilation Fan Market by Material
8.6.1 Plastic
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Metal
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Alloy
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Ventilation Fan Market by Application
8.7.1 Industrial
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Residential
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Commercial
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Ventilation Fan Market by Distribution Channel
8.8.1 Offline
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Online
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Ventilation Fan Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Ventilation Fan Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ventilation Fan Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ventilation Fan Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ventilation Fan Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ventilation Fan Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Mitsubishi Electric Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Panasonic Holdings Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Crompton Greaves Consumer Electricals Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Delta Electronics, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Havells India Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Rexnord Electronic & Control Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Volution Group Plc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Systemair AB
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Continental Fan Manufacturing Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Surya Roshni Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ventilation Fan Market: Key Industry Highlights, 2018 and 2032
2. Global Ventilation Fan Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Ventilation Fan Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Ventilation Fan Historical Market: Breakup by Deployment (USD Million), 2018-2023
5. Global Ventilation Fan Market Forecast: Breakup by Deployment (USD Million), 2024-2032
6. Global Ventilation Fan Historical Market: Breakup by Material (USD Million), 2018-2023
7. Global Ventilation Fan Market Forecast: Breakup by Material (USD Million), 2024-2032
8. Global Ventilation Fan Historical Market: Breakup by Application (USD Million), 2018-2023
9. Global Ventilation Fan Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Global Ventilation Fan Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
11. Global Ventilation Fan Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12. Global Ventilation Fan Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Ventilation Fan Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Ventilation Fan Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 3.16 billion in 2023.
The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6.00 billion by 2032.
The major market drivers include expansion of the medical sector and growing emphasis on management of indoor air quality.
The key trends fuelling the growth of the market include product innovation and rising adoption of compact and densely populated living spaces.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different types of ventilation fans include centrifugal fans, axial fans, cross flow fans, domestic exhaust fans, power roof fans, and range hood fans.
The key players in the market are Mitsubishi Electric Corporation, Panasonic Holdings Corp., Crompton Greaves Consumer Electricals Limited, Delta Electronics, Inc., Havells India Ltd., Rexnord Electronic & Control Ltd., Volution Group Plc, Systemair AB, Continental Fan Manufacturing Inc., and Surya Roshni Ltd., among others.
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