Global Residential Ventilation Fans Market 2018-2022 | Advent of Smart Ventilation Fans to Boost Demand | Technavio
LONDON--(BUSINESS WIRE)--Sep 12, 2018-- analysts forecast the global residential ventilation fans market to grow at a CAGR of over 4% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global residential ventilation fans market from 2018-2022. (Graphic: Business Wire)
The advent of smart ventilation fans is one of the major trends being witnessed in the . The growing adoption of smart homes is encouraging manufacturers to develop and introduce smart features in residential products. The high demand for sophisticated and smart products will have a positive impact on the growth of the market in focus in the coming years.
According to Technavio analysts, one of the key factors contributing to the growth of the global residential ventilation fans market is the rising health awareness about the benefits of maintaining indoor air quality:
Global residential ventilation fans market: Rising health awareness about the benefits of maintaining indoor air quality
The rising consciousness about the health and awareness about the benefits of maintaining indoor air quality among the global population are driving the growth of the global residential ventilation fans market. Changing climatic conditions, increasing industrial development, and growing urbanization are depleting the air quality, which is leading to the instances of allergies, asthma, and other respiratory ailments.
According to a senior analyst at Technavio, “Ventilation fans pull excess moisture from areas such as bathrooms and kitchens and expel it, removing it permanently from the house. Bathroom ventilation fans play an important role in maintaining the indoor air quality of the entire house as well. All these factors are enabling an increased demand for residential ventilation fans across the globe.”
Global residential ventilation fans market: Segmentation analysis
The global residential ventilation fans market research report provides market segmentation by product (axial fans, centrifugal fans, and in-line fans), by distribution channel (offline and online), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the three products, the axial fans segment held the largest market share in 2017, contributing to over 45% of the market. This product segment will dominate the global market throughout the forecast period.
The APAC region held the largest share of the market in 2017, accounting for more than 42% share. It was followed by the Americas and EMEA respectively. The region is expected to continue to dominate the market during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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CONTACT: Technavio Research
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KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
INDUSTRY KEYWORD: HEALTH MANUFACTURING OTHER MANUFACTURING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE GENERAL HEALTH
SOURCE: Technavio Research
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PUB: 09/12/2018 09:00 AM/DISC: 09/12/2018 09:01 AM