The global ventilation fan market size is expected to reach USD 3.85 billion by 2025, registering a 7.7% CAGR during the forecast period, according to a new report by Radiant Insights, Inc. Rising demand from residential, commercial, and industrial buildings is anticipated to drive the growth. Increasing installation in bathrooms, kitchens, dryer rooms, garages, and attics of residences is expected to drive the product demand.
Rising installation of exhaust fans recommended in schools, hotels, bars and restaurants, laundry shops, beauty and barber shops, auto repair shops, and publishing and printing shops is expected to contribute to the growth. Ventilation fans are required in paint spray booths, welding booths, and areas that require grinding and polishing booths, portable fume exhausters, and plating and coating tanks.
Download Free Sample Report @ https://www.radiantinsights.com/research/ventilation-fan-market/request-sample
Brick and mortar hardware stores are the major distributors of ventilation fans. Most of these channels have a liaison with contractors, architects, and builders which enhances the total sales for these distributors. The buyers, while placing large purchase orders, are able to gain big discounts. Thus, the association is beneficial for builders and contractors as well as the retailer.
The millennial market is most majorly dependent on the e-commerce industry owing to their strong digital presence. Online retailers of ventilation fans including Lowe's, Amazon, globalindustrial.com, IndustrialFansDirect.com, The Home Depot, Ferguson Enterprises, LLC and CANADIAN TIRE. have adopted strategies such as product discounts and cashbacks to attract this demographic during the forecast period.
Some of the key market players of ventilation fan include Crompton; Delta Electronics, Inc.; Fuji Electric Co., Ltd.; Havells India Ltd.; Mitsubishi Electric; Panasonic Corporation; Rexnord Electronic & Control Ltd.; Surya Roshni Ltd.; Systemair AB; and Volution Group Plc. The growing demand has been creating momentum in the manufacturing industry to boost the production process. In December 2018, Panasonic attained a global, cumulative production of 200 million exhaust fans. It produces over 7 million fans annually and has been manufacturing the product for over 60 years in 40 countries.
In January 2017, Veent launched a smart ventilation fan suitable for bathrooms. The easy to install product can be controlled wirelessly, through Veent fan switch and the Veent app available for mobile phones. The smart technology of the product evaluates median humidity and moisture level of the nearby areas and switches itself on automatically to dry the area. This proves helpful is solving the issue of molds. The fan is soundless and equipped with energy-efficient motor.
Further key findings from the report suggest:
• Axial products accounted for more than 65% of the global revenue share in 2018. The dominance is attributed to product efficiency in terms of power consumption
• Centrifugal ventilation fan is expected to witness the fastest CAGR of more than 8% from 2019 to 2025 as it offers first-rate energy efficiency along with allowing constant airflow
• Wall-mounted segment of ventilation fan market accounted for more than 60% of the global revenue in 2018 owing to easy installation process of the product
• Metal products accounted for more than 70% market share in 2018 owing to the better air circulation capacity of the product
• Plastic product forms is expected to witness the fastest CAGR of over 8% from 2019 to 2025
• Ceiling-mounted ventilation fans segment is expected to witness the fastest CAGR of 8% from 2019 to 2025
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/ventilation-fan-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Radiant Insights Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Ventilation Fan Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Ventilation Fan Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Ventilation Fan Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2018 & 2025
5.2. Axial
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Centrifugal
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/electronics
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: [email protected]
Website: https://www.radiantinsights.com/
We follow an comprehensive research approach linked with critical insights related industry components and market power to create the best value for our clients.
We offers reliable primary and secondary data sources,our analysts and advisors derive informative and usable data suited for our customers business needs.To provide detailed analysis of the market organization along with forecast of the various sectors and sub-sector of the global Industrial Ventilation Fan market To provide insights about factors impact the market growth.Study of this report with regards to important industry factors, market share analysis, and the latest trends distinguish the Industrial Ventilation Fanindustry geography.In addition to all this, the Industrial Ventilation Fan market report encompasses market analysis data based on region, company profile, application, allocation channel, and others.
The market analysts and researchers have done comprehensive analysis of the global Industrial Ventilation Fan market with the help of research approaches such as PESTLE and Porter’s Five Forces analysis.Request for Sample Report @ https://www.industryandresearch.com/report/Global-Industrial-Ventilation-Fan-Market-Analysis-2015-2019-and-Forecast-2020-2025/186670#samplereportThis report also include details of market size, growth range,and the competitive strategy of Industrial Ventilation Fan market in the forecast plan.The report features analysis based on key possibility and challenges defied by market leaders while highlighting their competitive setting and collective strategies for the estimated timeframe.Speaking of the production rank, the report provides details regarding the product wage, manufacturing of the product and the gross perimeter.of the firms industry the products.The report is designed to incorporate both qualitative and quantitative views of the industry within each of the regions and economies involved in the study.The global research report has been gathered through some significant data analysis approaches such as primary and secondary research.The report also creates a clear picture of the different factors that will drive the global Industrial Ventilation Fan market in the years to come.
In order to help companies spot potential hazard and to give them a clear picture of the opportunities that exist in the Industrial Ventilation Fan market, the report offers a projects can be evaluated with this report.
), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Industrial Ventilation Fan Market Players:: CompanyBroan-NuTone, Panasonic, Delta Product, Zehnderd, Systemair, Vent-Axia, Airflow Developments, Suncourt, Titon, Polypipe Ventilation, Weihe, Jinling, Airmate, GENUIN, Nedfon, FeidiaoSegmentation by Type: Ceiling Fan, Wall-Mounted Fan, Window-Mounted FanSegmentation by Application: Automotive, manufacturing, papermaking, Chemical Industry, OthersThe outlook of this report :* The report concentrates on the vital entities associated with the Industrial Ventilation Fan market.
* For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
