Press release
Global Market of Ventilation Fans is Likely to Reach US$2.4 Bn By 2023
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Ventilation Fans Market“Request a Free Sample Report @ https://www.mrrse.com/sample/1495
Thanks to the rapid urbanization, a steady surge in the demand for ventilation fans can be observed across the world. Analysts expect this trend to continue over the forthcoming years on account of the increasing construction of commercial, residential, as well as industrial spaces.
The global opportunity for ventilation fans is expected to progress from a value of US$1.6 bn in 2015 to a possible worth of US$2.4 bn by the end of 2023, rising at a CAGR of 4.90% between 2015 and 2023.
The commencement of high-value infrastructure development projects in the Middle East and North America, the improving construction industry in developed nations, and encouraging initiatives by various governments, worldwide, on aeration and ventilation are projected to boost the demand for ventilation fans in the years to come.
The rising awareness among people regarding indoor air quality (IAQ) and the technical advancement in ventilation fans are also predicted to add significantly to their popularity. Product innovations will shape the future of the global ventilation fans market.
View Complete Report with Table of Content @ https://www.mrrse.com/ventilation-fans-market
Opportunity in Axial Fans to be Worth US$735.9 mn by 2023
Axial fans, centrifugal fans, range hood fans, domestic exhaust fans, and power roof fans are the key ventilation fans available across the world. Among these, axial fans report the most prominent demand. In 2015, the opportunity in axial fans was worth US$500.3 mn. Expanding at a CAGR of 4.90% during the period from 2015 to 2023, it is estimated to increase to US$735.9 mn by the end of 2023.
The widespread application of axial fans as cooling fans, ceiling fans, and ventilation exhaust fans is expected to add to their demand significantly over the next few years. Power roof fans are also projected to attract a considerable demand in the near future.
Asia Pacific to Remain Leading Consumer of Ventilation Fans
By geography, the global market for ventilation fans is segmented into Europe, Asia Pacific, North America, South America, and the Middle East and Africa. Asia Pacific has emerged as the key contributor in the demand for these fans in the recent times. In 2015, it held a share of 43.4% in the overall demand for ventilation fans. Over the coming years, the region is expected to retain its leadership with a slight increase in its market share. North America, however, is anticipated to register the fastest surge in the demand for ventilation fans in the coming years on account of the adoption of novel technologies in these fans.
In Asia Pacific, the opportunity in ventilation fans is projected to rise from US$707 mn to US$1,040 mn by 2023, expanding at a CAGR of 5.0% during the period from 2015 to 2023, whereas, North America is likely to report an opportunity of US$541.6 mn in these fans by 2023.
Delta Ventilation Ltd., Nortek Inc., Airmaster Fan Co., and Panasonic Corp. are some of the leading players in the global market for ventilation fans. Some of the other prominent participants are Titon Plc, Airflow Developments Ltd., Vent-Axia, Polypipe Ventilation, Greenwood Airvac, and Systemair AB.
Send an Inquiry @ https://www.mrrse.com/enquiry/1495
About Market Research Reports Search Engine (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Market of Ventilation Fans is Likely to Reach US$2.4 Bn By 2023 here
News-ID: 933114 • Views: …
More Releases from MRRSE.com

Automotive Microcontrollers Market | Industry Key Players - AG (Germany), Texas …
MRRSE has recently published a report that explores the market for automotive microcontrollers at a global scale, and covers the market dynamics exhaustively, providing major trends impacting the market growth. This report on global market for automotive microcontrollers provides a detailed knowledge base for players who seek expansion of their presence globally. Insights offered in this report is instrumental for market players and investors, for gauging potential of the bubble…

Global Commercial Refrigeration Equipment Market |Key Players Baltimore Aircoil …
MRRSE provides the forecast and in-depth on the global commercial refrigeration equipment market for the forecast period 2017-2026. The report also analyzes the market in terms of market volume and value and offers information on the market dynamics, competitors, current market scenario, and future market growth. Year-on-year growth and important factors supporting the decision-making process is also offered in the report on the global market for commercial refrigeration equipment.
Get Report…

Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Thr …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Through 2026” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
The report comprises a detailed value chain analysis, which provides a comprehensive view…

Frontotemporal Disorders Treatment Market (2018-2028) || Key Players are Pfizer …
A recent market study published by company – “Frontotemporal Disorders Treatment Market Assessment & Opportunity Analysis Recorded for 2018 – 2028” – consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the frontotemporal disorders treatment market, growth prospects of the market are obtained with maximum precision. The report features unique and salient factors…
More Releases for MRRSE
Global Market Study on Enterprise Governance, Risk and Compliance (EGRC)-MRRSE
Enterprise governance, risk and compliance (EGRC) being a multifaceted and innovative approach to risk management, corporate governance and compliance issues has a direct impact on business objectives. Market Research Reports Search Engine (MRRSE) has recently publicized the addition of a new research report to its vast online repository with a title “Enterprise Governance, Risk and Compliance (EGRC) Market: Global Industry Analysis and Forecast, 2016-2024”. This report on global enterprise governance, risk and…
Latest Research Reports - MRRSE
The rising usage of vetiver oil in aromatherapy, due to its popularity as precious therapeutic oil in eastern countries on account of its safe, convenient and customary application is a major factor behind the increasing production for vetiver oil. A market research report titled as “Haitian Vetiver Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” has been recently added to the vast online…
Industry Research Reports - MRRSE
This Future Market Insights report examines the ‘High Content Screening (HCS) Market for the period 2015–2025. New product launches are resulting in product assortment and thus, increased installation of High Content Screening (HCS) instruments. This is expected to bolster growth of the High Content Screening (HCS) market over the next five to six years. Furthermore, increasing government support for research and development for drug discovery processes across the globe is…
Business Research Reports - MRRSE
Albany, New York, March 30, 2017: Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled Global Market Study on Natural and Organic Flavors: Rising Health Consciousness among Consumers Expected to Boost Market Growth. This Persistence Market Research (PMR) report analyzes the Natural and Organic Flavors Market at the global as well as regional levels. This study provides data for 2015 along with that for the…
Global Steam Autoclave Market Boosted by Growing Cases of Nosocomial Infections: …
Albany, New York, October 2016: Market Research Reports Search Engine (MRRSE.com) has added a new report to its ever-expanding database on the global industries of medical devices. The latest addition, titled Steam Autoclave Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” is an updated report that discusses the various possibilities where players in this market can utilize to gain a stronger foothold in it.…
Wearable Technology Market Outlook, Competitive analysis, Industry Trends: MRRSE
This report covers the global wearable technology market size and forecast from 2012 to 2018 along with their application in different end-use segments such as wellness and fitness, healthcare and medical, infotainment, industrial and military. The performance of wearable technology applications across different geographical regions namely, North America, Europe, Asia and RoW (Rest of the World) has also been covered in this report.
Browse the full Global Wearable Technology Market…