Press release
Commercial Fan and Air Purification Equipment Market Forecast 2024-2033: Size and Trends || ebm-papst Group Systemair Sharp Corporation CECO Environmental Corporation Johnson Controls International plc
Commercial Fan And Air Purification Equipment Global Market Report 2024
The Business Research Company presents an extensive market research report on the Commercial Fan And Air Purification Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The commercial fan and air purification equipment market size has grown strongly in recent years. It will grow from $78.62 billion in 2023 to $85.7 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to technological advances and increasing concerns of workers on poor quality of air at work places.
The commercial fan and air purification equipment market size is expected to see strong growth in the next few years. It will grow to $118.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to changing climate conditions, coronavirus impact, and stringent regulation on industrial and commercial sector air pollution. Major trends in the forecast period include focus on developing smart commercial fan and air purification equipment to capitalize on the changing trends and growing popularity of these products, to increase revenues, focus on developing energy-efficient commercial fan and air purification equipment, vod systems and consider increasing their focus on m&a growth strategies to expand customer base.
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Key Market Players:
Major companies operating in the commercial fan and air purification equipment market report are ebm-papst Group, Systemair, Sharp Corporation, CECO Environmental Corporation, Johnson Controls International plc, FlktGroup, Twin City Fan & Blower, Greenheck Fan Corporation, Munters, Volution Group plc, Daikin Industries Ltd, LG Electronics Inc, Panasonic, Xiaomi Corporation, Coway, Sunbeam Products Inc, YADU, Midea, Beiangtech, Air 0 Limited, Jimco A/S, Dry IT Out Limited, Air Concern Limited, Bench Vent, Respr Technologies, ABIOTEC UV, Dyson Ltd, IQ Air, Honeywell International Inc, Camfil, Koninklijke Philips Electronics NV, Blue Air, Electrolux, Lexy, Whirlpool Corp, Teqoya, Dexwet Holdings Corporation, Lennox International Inc, Air Purification Incorporated, Americair Corporation, Austin, Wynd Technologies, Samsung Electronics America.
Market Drivers:
Technological advances in commercial fan and air purification equipment drove the market in the historic period. Increased access to the internet and the use of smartphones supported the development and consumption of innovative technologically enabled appliances. For instance, according to the GSMA annual State of Mobile Internet Connectivity Report 2022, 55% of the world's population was using mobile internet by the end of 2021, which is an increase of almost 300 million since the end of 2020. Thus, technological advances drove the market for air purifiers in the historic period.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/commercial-fan-and-air-purification-equipment-global-market-report
The commercial fan and air purification equipment market covered in this report is segmented -
1) By Type: Air Purification Equipment, Attic And Exhaust fans, Other Commercial Fan And Air Purification Equipment
2) By Range: Less Than 200 Square Ft, 200 - 400 Square Ft, More Than 400 Square Ft.
3) By Capacity: Small, Medium, Large
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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