Thermo Ventilators Market is expected to reach to $3,718 million in 2023

With an aim to achieve adequate and efficient ventilation in areas such as conference rooms, educational institutes, shopping complexes, residential lobbies, hotel rooms and restaurants, ventilation systems integrated with automated technology, commonly known as thermo ventilators market is gaining increasing traction. Thermo ventilators have a significant application in commercial sector, however residential sector is expected to exhibit a prominent growth in global thermo ventilators market over the forecast period.

The global thermo ventilators market is expected to register an increase in the market revenue from $2,332 million in 2016 to $3,718 million in 2022. North America accounted for a dominant market share of 33.9% in the global thermo ventilators market in 2016, owing to its widespread application in the existing commercial sectors. However, Asia-Pacific is expected to exhibit the fastest growth rate during the forecast period owing to the increase in commercial infrastructural investments along with the growth in consumer desire for smart and energy efficient residential homes.

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Commercial application of thermo ventilators market is estimated to have the highest market share in 2016 accounting for 61.6% and is expected to continue dominating the global market during the forecast period.

Thermo ventilators Market are electrical equipment that serve as a multipurpose ventilation system. Thermo ventilation is referred to a ventilator system that automatically adjusts the ventilation requirements as per the users preferences. Thermo ventilators are electrical appliances that combine the functions of automatic ventilation and air circulation. With an aim to achieve adequate and energy efficient ventilation in areas such as conference rooms, educational institutes, shopping complexes, residential lobbies, hotel rooms, and restaurants, ventilation systems are equipped with automated technology. This helps in automatic ventilation adjustments based on the occupancy of the building premises. The global thermo ventilators market is estimated to account for a market revenue of $2,332 million in 2016 and is expected to reach to $3,718 million in 2023.

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Asia-Pacific is expected to exhibit lucrative growth opportunities thereby registering the highest growth, owing to the increase in infrastructural investments in commercial real estate along with the rise in consumer preferences for energy efficient homes.

Key Benefits:

The study provides an in-depth analysis of the global thermo ventilators industry and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.
Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
The quantitative analysis from 2017 to 2023 is provided to determine the thermo ventilators market potential.

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Key Market Players

Aereco
Honeywell International Inc.
Lennox International Inc.
Mistubishi Electric
Panasonic
Sauter Controls GmbH
Siemens
Swegon Group AB
Vaisala
Whirlpool

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