Press release
Commercial Fan And Air Purification Equipment Market Revenue Analysis, Size, Top Players Insights (Systemair, Sharp Corporation) – Global Forecast To 2030
The global commercial fan and air purification equipment market reached a value of nearly $ 71,520.3 million in 2019, having grown at a compound annual growth rate (CAGR) of 8.8% since 2015, and is expected to grow at a CAGR of 4.6% to nearly $ 85,493.3 million by 2023. The market is expected to reach $101,016.2 million in 2025, and $150,612.4 million 2030.
The key drivers of the commercial fan and air purification equipment market include:
Changing Climate Conditions – The changes in climatic conditions are affecting the quality of air and water globally. The particulate matter in the air has changed with particulate matter smaller than 2.5 µm suspended in the air. Inhalation of the particulate matter leads to an increased incidence of various chronic conditions such as asthma, COPD, and other respiratory diseases. The declining quality of air is affecting the health of millions of people globally. The drastic alteration of global climate will increase the proportion of individuals suffering from various chronic respiratory ailments, leading to a growth in the demand for air purification equipment.
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Commercial Fan And Air Purification Equipment Market Segmentation:
The commercial fan and air purification equipment market is segmented by type, by range, and by geography
By Type - The commercial fan and air purification equipment market can be segmented by type into
1) Air purification equipment
2) Attic and Exhaust Fan
3) Other Commercial Fan and Air Purification Equipment
The air purification equipment market was the largest segment of the commercial fan and air purification equipment market by type, accounting for $ 33,043.1 million or 46.2% of the total market in 2019.
By Range– The commercial fan and air purification equipment market can be segmented by range into
1) Less Than 200 Square Ft.
2) 200 - 400 Square Ft
3) More Than 400 Square Ft.
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By Geography - The commercial fan and air purification equipment market is segmented by geography into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa
Some of the major key players involved in the commercial fan and air purification equipment market are
1. ebm-papst Group
2. Systemair
3. Sharp Corporation
4. CECO Environmental Corporation
5. Johnson Controls International plc
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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