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2021
Ventilation Fans Market

Ventilation Fans Market: Global opportunity analysis and industry forecast, 2020-2027

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Aug 2021 | 341 Views
   
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COVID-19

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Ventilation Fans Market: Global opportunity analysis and industry forecast, 2020-2027

Ventilation is an important process which is used to provide clean and fresh air in a room. In the ventilation process, the particles and contaminants such as bacteria, dust and dirt, present in the air are removed, which in turns improves the air quality in that room. Ventilation fans are more commonly used to provide sufficient amount of ventilation in a closed room. Industrial air filtration system is most commonly used in residential and commercial to remove the particles and improve the quality of air. Energy efficient ventilation systems have been used in many countries. 

Market scope and structure

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

Product type, installation, Application, End-use Industry and Region

  Companies covered

Major players analyzed include Panasonic Corporation, Nortek Inc., Systemair AB, Greenwood Airvac, Polypipe Ventilation, Vent-Axia, Airflow Developments Ltd., Mitsubishi Electric Corporation, Delta Electronics, Inc., and Titon plc.

 

Regions covered

North America

Europe

Asia-Pacific

LAMEA

U.S., Canada and Mexico

Germany, France, UK, Italy, Spain and rest of Europe

China, Japan, India, South Korea and the rest of Asia-Pacific

Latin America, Middle East and Africa

 

COVID-19 scenario analysis:

  • The demand for ventilation fans is expected to decrease in the year 2020 due to low demand from different industries such as manufacturing chemical industry due to the lockdown imposed by governments of many countries.
  • COVID-19 pandemic has shut-down the production of various products in the ventilation fans industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the ventilation fans market significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

Ventilation fans are used in a closed room to remove the moisture or the contaminants from the air and supply the fresh air so that the person inside the room will not feel suffocated. Ventilation fans are used in every building whether it is residential building or commercial building such as hospitals, shopping malls or movie theatres. Without installation of proper ventilation system humans inside the closed room will not feel comfortable. Hence, ventilation fans are used in all these applications. 

Ventilation fans can be used in various devices for the air flow with high pressure. Ventilation fans come with the casing and that casing is used to direct the airflow to center of wheel and that wheel consists of blades on its circumference. Ventilation fans are generally of two types that are axial fans and centrifugal fans. In case of centrifugal fans, air enters the blower in axial direction and leaves the air in radial direction whereas in axial fans, air enters the fan in axial direction and leaves the fan in the same direction that is in axial direction.

In hospitals there is need of ventilation in the closed rooms such as the operation theatres. The operation theatres are fully closed and hence, for the doctors and the helpers inside the operation theatre it is necessary to have proper ventilation, otherwise it would become hard for them to work in the suffocating condition. 

New product launch:

Many companies in the ventilation fan market are trying to bring new products into the market. These products are technologically more advanced than the previous range of their products. Because of the implementation of new technologies in these products, the working of these products has become more effective and efficient also. 

In April 2018, Atlas Copco introduced the new model of centrifugal fan named as ZB VSD+. These fans are oil-free centrifugal fans. This technologically advanced centrifugal fan is capable of providing the air continuously with low energy consumption and these blowers produces low level of noise during its working. 

Key driving factor for the growth of ventilation fans market:

Fresh and clean air is very essential factor in a closed room. Without fresh air human body cannot work properly. Hence, to remove the moisture and the contaminants from the closed room and to provide fresh air, ventilation fans are widely used. This could be the key driving factor for the growth of ventilation fans market.

New technologies have been introduced in the ventilation fans and hence, the performance level of the ventilation fans has increased. Because of the low consumption of power, it has become affordable to use ventilation fan. Hence, the demand for ventilation fans is expected to rise during the forecast period. 

Key segments covered:

Segments

Sub-segments

  Product type

 

  • Axial fans
  • Centrifugal fans

 

  Installation

  • Wall mounted ventilation fans
  • Roof mounted ventilation fans

  Application

 

  • Industrial
  • Residential

 

  End use industry

 

  • Manufacturing industry
  • Food and beverage industry
  • Chemical industry
  • Pharmaceutical industry
  • others

 

Key benefits of the report:

  • This study presents the analytical depiction of the ventilation fans market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • The report provides a detailed ventilation fans market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
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