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North America Destratification Fan Market Overview, Growth Forecast, Demand and Development Research Report to 2028 | Zoo Fans Inc, Canarm LTD, Vents Us
The destratification fan market was valued at US$ 204.9 million in 2021 and is projected to reach US$ 341.8 million by 2028; it is expected to grow at a CAGR of 7.6% from 2021 to 2028.Increased population and improvements in residential infrastructure development enable massive growth contributors in the destratification fan market, thanks to technological advancements and the growing adoption of smart technologies. Thermal stratification has the main disadvantage of making heating, ventilation, and air conditioning (HVAC) systems work harder to maintain an even temperature. To combat the effects of thermal stratification, HVAC systems must over-deliver on hot or cool air. Extreme temperature differences are more likely in buildings with high ceilings. The wasted heat at the top of the building will invariably reach its peak or rise by up to 14 degrees Celsius, further raising the temperature.
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Conversely, heavier, more difficult-to-distribute cooled air is squandered by sinking too low points in a building or becoming trapped in hard-to-circulate areas. Further, as a result, energy bills are higher, and the environment is rarely in good shape due to the installation of a costly HVAC system. As a result, the Destratification Fan provides several benefits, including reducing heating costs by 20%-50%, cooling costs by 20%-40%, maintaining an optimal working/retail environment, and reducing CO2 emissions by 20%-50%. The rising trend of federal governments in North America towards net-zero emissions reduced carbon footprints and adopting ecologically sustainable products further boosts the region's market growth.
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Major Key players covered in this report:
• Zoo Fans Inc
• Canarm LTD
• Vents Us
• Continental Fan
• Delta T LLC
• Airius, LLC
• Air-Row Fan Company
• Refresh Fans
• Texas Electronics Canada Inc
• DRD System
Impact of COVID-19 Pandemic on destratification fan market
COVID-19 has a negative impact on destratification fans market in North America. The demand for ventilation systems increased as medical facilities required cleaner, fresh air than ever before. Unfortunately, disrupted supply chains forced contractors to reconsider their worldwide supply networks, while the coronavirus itself forced companies to think about how to keep both employees and customers safe. According to some industry experts, April 2019 was the most difficult month for the HVAC business. According to HARDI (Heating, Air-conditioning, and Refrigeration Distributors International), between April 2020 and April 2019, the average distributor in the United States suffered a 19% drop in sales.
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The research on the North America Destratification Fan market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the North America Destratification Fan market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Destratification Fan market.
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