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Ventilation Fan Market Size & Share, 2025 | Industry Analysis Report

Ventilation Fan Market Analysis Report by Product, By Raw Material, By Deployment, By Application, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619513  |  Published: April 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global ventilation fan market size was accounted for USD 2.29 billion in 2018. It is estimated to grow at a CAGR of 7.7% over the period of, 2019-25. The reason behind the market growth is increasing awareness about the advantages of ventilation in the household sector. The metabolic pollutants need to be diluted for leading a healthy lifestyle and this product dilutes and eliminates the pollutants that results into good air quality inside the small rooms of houses. Further, these products inhibit the growth of the bacteria, which is the prime reason for stagnant odor.  

The rapid increase in the demand for ventilation fans is because of the reduction in the average size of the apartments, as an effort to construct affordable housing, in most of the prominent cities such as Zurich, Cairo and Beijing. Because of the increased preference of people for the low-cost houses at key locations, there is a reduction in the average size of apartments that led to the increase in demand for the ventilation fans. As the small-sized apartments have very little space for windows, there is no proper ventilation, which results in a suffocating environment and lowers air quality index.

China ventilation fan market

According to various researches, poor air quality has become a prime reason for serious health issues that leads to chronic respiratory diseases such as lung cancer, pneumonia, coronary thrombosis. The World Health Organization (WHO) has reported that about 3.8 million people fall to death because of the disorder caused by air pollution in the households, of which, 20% deaths are due to chronic obstructive pulmonary disease, 27% from pneumonia, 27% due to ischemic cardiac disease, 8% from lung cancer and 18% from stroke.

Ventilation fans help to eliminate the issues regarding respiration as they maintain the optimal temperature and quality of air across the small-sized rooms. They pull out the extra moisture and the undesirable odor from the room which creates a healthy indoor environment. The use of these products can curtail the generation of chemical gases and other pollutants which can be dangerous if inhaled. These are some of the factors proliferating the demand for ventilation fans.

Product Insights

The share of axial ventilation fans in the market is greater than 65% for the year 2018. The demand for this product is more in the industrial sector as they consume less power and are able to move a high amount of air. CAGR for centrifugal ventilation fans is expected to be 8.1% throughout the forecast period. Their suitability is high for the commercial and residential sector as they are easily attached to the ducts that causes tremendous airflow. For contaminants filtration devices and corroding environments, these fans are durable and highly suitable.

Raw Material Insights

The contribution of metal ventilation fans in the revenue share was over 70%, in 2018, as it is one of the initial significant occupant of this market segment. As the metallic blades are sturdy and strong, the product can facilitate better circulation of air. In addition, the metal ventilation fans are more durable because of the metal’s strength. These are the major factors expected to increase the revenue of this segment in the coming years.

Global Ventilation fan market

The estimated CAGR for the revenue of ventilation fans made up of plastic is 8.2% starting from the year, 2019-2025. Due to the low cost, less weight, less noise and lower consumption of electricity than the ventilation fans that are made up of metal, there is a significant growth of this segment in the estimated period. 

Deployment Insights

The share of ventilation fans that are wall-mounted was over 60%, in the year 2018. The key feature of this product is heavily charged air circulation. There is no requirement for hardwiring while installing this product which helps in easier installation. Hence, the houses where there is no space for accommodating a ventilation fan, a wall mounted fan is installed.

The expected CAGR for the ventilation fan that is ceiling mounted is projected to be 8.0% over the forecast years. In the warm climatic conditions, the newly constructed houses and workplaces are specially designed to occupy the ventilation fans that are mounted on the ceiling. The ceiling ventilation fan provides the best solution to maintain the optimal temperature by cooling the hot air which tends to rise towards the roof.

Application Insights

The application of ventilation fans in the industrial sector contributes to about 45% of the market share, in the year 2018. These products are mostly used to exhaust the hot and polluted air. Their requirement is mostly in polishing, spray painting, dip tank, welding areas, abrasive blasting and grinding. The regulations and policies of the government regarding the safety of the employee health are fueling the growth of this segment.

The expected CAGR of the residential group segment is 8.2% starting from the year 2019-2025. The absence of better mechanical ventilation gives rise to increased health issues because of which, there is rapid growth in the application of the product during the forecasted years.

Regional Insights

The largest market for this product was North America and it held over 30% of the market share, in 2018. The new generation builders in the USA stringently follow the Passive Home norm that imparts comfort, energy efficiency and quality and hence they are highly dependent on the exhaust fans for airtight and energy-efficient houses. All these factors collectively expected to bolster the product demand in this region.

Asia Pacific is set to grow with a CAGR of 8.7% over the forecast period.  Countries such as India, China, Japan, South Korea and Indonesia are evolving into manufacturing centers, because of the easily accessible human labor, and increasing demand from consumers’ side. Further, government has mandated the safety features that include installation of safety equipment including ventilation fans. For instance, the Hygienic Standards for Industrial Enterprise Designing by the Ministry of Health implemented the code TJ36-1979 focuses on the dust standards in relation to different manufacturing processes. In the same way, the Chinese Ministry of Construction and the China State Quality Supervision-Inspection-Quarantine Administration implemented a code GB 50325-2001 also focuses on the maintenance of air quality inside the houses in domestic buildings.

Ventilation Fan Market Share Insights

Leading players in the ventilation fans market are Havells India Ltd. (Noida, India), Crompton (Mumbai, India); Mitsubishi Electric Corporation (Tokyo, Japan); Systemair AB (Skinnskatteberg, Sweden); Panasonic Corporation (Kadoma, Osaka, Japan); Delta Electronics Inc. (Taipei, Taiwan); Rexnord Electronic & Control Ltd. (India); Fuji Electric Co. Ltd. (Tokyo, Japan); Surya Roshni Ltd. (India); and Volution Group Plc. (United Kingdoms).

These players are making efforts on R& D of products. There focus is to manufacturers the fans that are energy effective, more durable, free from noise, easily installable and can be easily cleaned and require low cost for maintenance. Moreover, the same kind of effort can be observed from the suppliers for enhancing their raw materials.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historic data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & Middle East & Africa

Country scope

U.S., U.K., France, China, India, Brazil, South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global ventilation fan market report based on product, raw material, application, deployment and region.

• Product Outlook (Revenue, USD Million; 2015 - 2025)
    • Axial
    • Centrifugal

• Raw Material Outlook (Revenue, USD Million; 2015 - 2025)
    • Metal
    • Plastic
• Deployment Outlook (Revenue, USD Million; 2015 - 2025)
    • Wall-mounted
    • Ceiling-mounted
• Application Outlook (Revenue, USD Million; 2015 - 2025)
    • Industrial
    • Commercial
    • Residential
• Regional Outlook (Revenue, USD Million; 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • France
    • Asia Pacific
        • India
        • China
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)
        • South Africa

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