Global Commercial Fan And Air Purification Equipment Market Value Expected To Reach $150,612.4 Million By 2030

The Business Research Company’s Commercial Fan And Air Purification Equipment Market - Opportunities And Strategies – Global Forecast To 2030

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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 during 2019–2023 include:
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:-
By Type - The commercial fan and air purification equipment market can be segmented by type into
a. Air purification equipment
b. Attic and Exhaust Fan
c. 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. It is also expected to be the fastest-growing segment going forward at a CAGR of 5.2% during 2019-2023.

By Range – The commercial fan and air purification equipment market can be segmented by range into
a. Less Than 200 Square Ft.
b. 200 - 400 Square Ft
c. More Than 400 Square Ft.
The 200-400 square ft market was the largest segment of the commercial fan and air purification equipment market by range, accounting for $37,874million or 53.0% of the total market in 2019 and is expected to be the fastest-growing segment going forward at a CAGR of 5.2% during 2019-2023.

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By Geography - The commercial fan and air purification equipment market is segmented 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
• ebm-papst Group
• Systemair
• Sharp Corporation
• CECO Environmental Corporation
• Johnson Controls International plc

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This release was published on openPR.