Press release
Global Commercial Fan And Air Purification Equipment Market Share to Reach $123.91 Billion by 2029, Growing at 8.1% CAGR
Commercial Fan And Air Purification Equipment Market Share
The progression in technology pertaining to commercial fans and air cleaning devices was a significant driver for the market in the historical era. The amplified availability of the internet and use of smartphones bolstered the creation and utilization of novel, technology-integrated devices. For instance, in February 2024, the International Telecommunication Union (ITU), an information and communication technology-specialized agency based in Switzerland, reported that about 5.4 billion individuals, accounting for 67 percent of the global population, were using the internet in 2023. This represented a formidable growth of 45 percent compared to 2021. Therefore, the surge in technological progression propelled the air purifier market during the historic phase.
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How will the growth rate of the commercial fan and air purification equipment market shape industry trends by 2034?
In recent years, a significant increase has been observed in the size of the commercial fan and air purification equipment market. The market, anticipated to rise from $83.52 billion in 2024 to $90.89 billion in 2025, predicts a compound annual growth rate (CAGR) of 8.8%. This notable expansion during the historic era is credited to technological innovations and mounting worries of employees regarding inadequate air quality at their workplaces.
There's a prediction for substantial expansion in the commercial fan and air purification equipment market in the upcoming years. By 2029, it's anticipated to reach $123.91 billion, growing at a Compound Annual Growth Rate (CAGR) of 8.1%. The growth expected during the forecast period is attributed to factors such as alterations in climate conditions, the impact of COVID-19, and rigorous regulations on air pollution in the industrial and commercial sectors. Noteworthy trends during the forecast period include an emphasis on the production of smart commercial fans and air purification equipment to maximize changing trends and the increasing popularity of these products, with the aim to boost revenues. There is also a focus on the development of energy-efficient fans and air purification equipment and VOD systems, and an increased attention to M&A growth tactics to broaden their consumer base.
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What trends are poised to drive the future success of the commercial fan and air purification equipment market?
The increasing demand for smart air purifiers is a significant trend in the market. As the level of air pollution around the globe rises, so does the public's awareness of allergies, pollution, and climate change, leading to heightened concern about air quality. This concern is driving a surge in the popularity of air purifiers. Smart air purifiers are unique devices integrated with other gadgets through the internet, along with other functionalities like Bluetooth, near-field communication (NFC), and Wi-Fi. The emergence of Internet of Things (IoT) technology further bolsters the expansion of smart air purifiers. These devices offer air quality monitoring and management accessible through a smartphone app, presenting data on air quality in real time. For instance, in November 2022, two models of air purifiers, AX46 and AX32, were launched by Samsung India Electronics Ltd. (SIEL), a division of the Korea-based organization, Samsung Electronics Company Ltd (SECL). These purifiers, embedded with IoT technology, help to eradicate nanoparticles, ultrafine dust, bacteria, and allergens.
Which primary segments of the commercial fan and air purification equipment market are driving growth and industry transformations?
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
Subsegments:
1) By Air Purification Equipment: HEPA Air Purifiers, Activated Carbon Air Purifiers, UV-C Light Air Purifiers, Ionizers and Ozone Generators, Electrostatic Precipitators
2) By Attic and Exhaust Fans: Gable Attic Fans, Roof-Mount Attic Fans, Whole House Exhaust Fans, Bathroom Exhaust Fans, Kitchen Exhaust Fans
3) By Other Commercial Fans And Air Purification Equipment: Ceiling Fans, Pedestal Fans, Wall-Mounted Fans, Industrial Exhaust Fans, Blower Fans, Portable Air Purifiers And Fans
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Which geographical regions are pioneering growth in the commercial fan and air purification equipment market?
Asia-Pacific was the largest region in commercial fan and air purification equipment in 2024. Western Europe was the second largest region in the commercial fan and air purification equipment. The regions covered in the commercial fan and air purification equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the commercial fan and air purification equipment market landscape?
Major companies operating in the commercial fan and air purification equipment market include 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.
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What Is Covered In The Commercial Fan And Air Purification Equipment Global Market Report?
•Market Size Forecast: Examine the commercial fan and air purification equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the commercial fan and air purification equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the commercial fan and air purification equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the commercial fan and air purification equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the commercial fan and air purification equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the commercial fan and air purification equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the commercial fan and air purification equipment market.
•Competitive Landscape: Review strategic developments in the commercial fan and air purification equipment market, including expansions, agreements, and new product launches.
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