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Thermo Ventilators Market Projected to Garner $3,718 Million by 2023

06-14-2019 05:24 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Thermo Ventilators Market Projected to Garner $3,718 Million

The demand for global thermo ventilators industry is mainly driven by its ability to automatically adjust the ventilation system as per the occupants thereby making it energy efficient and its increasing application in commercial sector. Moreover, growth in awareness about thermo ventilators among the residential sector is also expected to contribute significantly to the growth in demand for global thermo ventilators market during the forecast period. However, the initial investment of these ventilators is expected to pose a major challenge for the global thermo ventilators market growth.

Thermo ventilators Market by Product, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023", the global thermo ventilators market was valued at from $2,332 million in 2016, and is expected to reach $3,718 million by 2023, registering a CAGR of 7.1% from 2017 to 2023. Asia-Pacific is expected to exhibit lucrative growth opportunities, owing to the growth in commercial sector.
The demand for global thermo ventilators industry is mainly driven by its ability to automatically adjust the ventilation system as per the occupants thereby making it energy efficient and its increasing application in commercial sector. Moreover, growth in awareness about thermos ventilators among the residential sector is also expected to contribute significantly to the demand for thermos ventilators during the forecast period. However, the initial investment of thermo ventilators is expected to pose a major challenge for the global market growth.

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Among its application, commercial segment is expected to generate the maximum revenue in the global market during the forecast period, and is expected to account for $2,255 million until 2023. Residential sector is expected to register the fastest CAGR of 7.5% during the forecast period.

Key Findings of the Thermo Ventilators Market:
• The global thermo ventilators market is expected to grow at the CAGR of 7.1% during the forecast period, thereby expanding the opportunities for the industry.
• The window mounted, among the various types of thermo ventilators market is expected to witness the highest CAGR as compared to other product types.
• North America is expected to be the highest revenue contributor in 2016.

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The key players operating in the global thermo ventilators market are Panasonic, Whirlpool, Lennox International Inc., Vaisala, Mistubishi Electric, Honeywell International Inc., Aereco, Swegon Group AB, Siemens, and Sauter Controls GmbH.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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