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Ventilation Fan Market Size, Analysis, Share & Forecast 2031

Ventilation Fan Market

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Segments - by Products (Centrifugal and Axial), Raw Materials (Plastic and Metal), Deployments (Wall Mounted and Ceiling Mounted), Applications (Industrial, Commercial, and Residential), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Debadatta Patel

Fact-checked by :

PARTHA PAUL

Editor :

Aman Singh

Report Description

The global ventilation fan market size was valued at around USD 2.67 Billion in 2022 and is anticipated to reach USD 5.12 Billion by 2031, expanding at a CAGR of around 7.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing awareness about the benefits of ventilation in the household segment.

Ventilation fans are used to circulate the air in houses and buildings. This ventilation is called as mechanical ventilation in which fans are used to flow the air. The basic purpose of an exhaust fan is to remove moisture out of the house. These fans help to eliminate unpleasant indoor odors. As a result, the ventilation system will help maintain the indoor air quality by diluting and eliminating the pollutants produced in the house.

Ventilation Fan Market Trends, Drivers, Restraints, and Opportunities

Increasing demand of millennials for spacious and reasonable homes at prime locations is expected to expand the ventilation fan market.
Decreasing the apartment sizes in major cities, in order to build affordable housing, is anticipated to raise the demand for ventilation fans.
Small apartments have limited window setups that constrain proper air circulation. This factor boosts the ventilation fan market.
Use of ventilation fans can decrease the frequency of respiratory diseases, as it helps to maintain perfect air and temperature quality in the house.
Ventilation fans create a healthy indoor environment by removing unwanted odor and moisture from the room.
Loud noise of the ventilation fans is expected to hamper the growth of the ventilation fan market.

Scope of Ventilation Fan Market Report

The report on the global ventilation fan market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Ventilation Fan Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Products (Centrifugal and Axial), Raw Materials (Plastic and Metal), Deployments (Wall Mounted and Ceiling Mounted), Applications (Industrial, Commercial, and Residential)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Delta Electronics, Inc., Mitsubishi Electric, Crompton, Fuji Electric Co. Ltd., Havells India Ltd., Rexnord Electronics & Controls Ltd., Panasonic Corporation, Systemair AB, Surya Roshni Ltd., and Volution Group Plc.

Ventilation Fan Market Segment Insights

Axial ventilation fans market is speculated to account for a major market share during the forecast period

Based on products, the global ventilation fan market is bifurcated into Axial and Centrifugal ventilation fans. Axial ventilation fans are installed in industrial sectors, as they require less power and can move a large volume of air. Revenue from centrifugal ventilation fans is anticipated to witness a CAGR of 7.9% during the forecast period. Centrifugal ventilation fans are suitable for residential and commercial purposes, as they can be fitted in tubes and ducts, which lead to high airflow pressure. These ventilation fans are suitable for pollution filtration system and high durability.

The metal segment is expected to grow at a rapid pace during the forecast period.

On the basis of raw materials, the global ventilation fan market is segregated as plastic and metal. Metal ventilation fans contribute more than 70% revenue share to the global ventilation fans market. The toughness and strength of metallic blades makes the product capable of moving air, leading to good air circulation. These factors are estimated to increase the demand for metal ventilation fans.

The plastic ventilation fan segment is estimated to expand at a substantial CAGR during the forecast period. These products have low cost as compared to metal products. Plastic ventilation products are noise-free and lightweight. Additionally, they consume less electricity. These factors are anticipated to fuel the growth of the market during the forecast period.

The wall mounted segment is expected to hold more than 60% share of the total market revenue

In terms of deployments, the global ventilation fan market is fragmented as wall mounted and ceiling mounted. The wall mounted segment is anticipated to expand at a robust CAGR during the forecast period. These products are used in heavy duty air circulation. Wall mounted ventilation fans do not need hardwiring, which leads to easy installation. Houses which are not pre-designed to accommodate a ventilation fan, are installed with wall mounted fans. The ceiling mounted ventilation fan segment is projected to expand at a rapid pace during the forecast period. Nowadays, newly built houses are pre-designed to accommodate ceiling mounted fans, which is estimated to drive the segment growth.

The industrial segment is expected to expand at a robust CAGR during the forecast period

On the basis of applications, the global ventilation fan market is categorized as industrial, commercial, and residential. The industrial segment contributes more than 45% share to the ventilation fan market in the projected years. These products are used to disinfect and remove contaminated and warm air. In the industrial segment, these ventilation fans are required in dip tank, polishing and grinding, spray painting, and welding areas. Ventilation fans are majorly used in industrial segment, due to strict government policies and regulations for maintaining employee health.

North America was estimated to be the largest market for ventilation fans in 2020

Based on regions, the global ventilation fan market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is estimated to grow at a rapid pace during the forecast period. The growth of the market in the region is attributed to consumers mostly relying on energy-efficiency, comfort, and quality. As a result, consumers depend on ventilation fans for energy-efficient and airtight homes.

Segments

The global ventilation fan market has been segmented on the basis of

Products

Centrifugal
Axial

Raw Materials

Plastic
Metal

Deployments

Wall Mounted
Ceiling Mounted

Applications

Industrial
Commercial
Residential

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Delta Electronics, Inc.
Mitsubishi Electric
Crompton
Fuji Electric Co. Ltd.
Havells India Ltd.
Rexnord Electronics & Controls Ltd.
Panasonic Corporation
Systemair AB
Surya Roshni Ltd.
Volution Group Plc.

Competitive Landscape

Key players in the global ventilation fan market include Delta Electronics, Inc., Mitsubishi Electric, Crompton, Fuji Electric Co. Ltd., Havells India Ltd., Rexnord Electronics & Controls Ltd., Panasonic Corporation, Systemair AB, Surya Roshni Ltd., and Volution Group Plc.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ventilation Fan Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Ventilation Fan Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ventilation Fan Market - Supply Chain
  4.5. Global Ventilation Fan Market Forecast
     4.5.1. Ventilation Fan Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ventilation Fan Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Ventilation Fan Market Absolute $ Opportunity
5. Global Ventilation Fan Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Ventilation Fan Market Size and Volume Forecast by Types
     5.3.1. Centrifugal
     5.3.2. Axial
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Ventilation Fan Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Ventilation Fan Market Size and Volume Forecast by Applications
     6.3.1. Industrial
     6.3.2. Commercial
     6.3.3. Residential
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Ventilation Fan Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Ventilation Fan Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Ventilation Fan Demand Share Forecast, 2019-2026
8. North America Ventilation Fan Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Ventilation Fan Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Ventilation Fan Market Size and Volume Forecast by Types
     8.4.1. Centrifugal
     8.4.2. Axial
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Ventilation Fan Market Size and Volume Forecast by Applications
     8.7.1. Industrial
     8.7.2. Commercial
     8.7.3. Residential
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Ventilation Fan Demand Share Forecast, 2019-2026
9. Latin America Ventilation Fan Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Ventilation Fan Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Ventilation Fan Market Size and Volume Forecast by Types
     9.4.1. Centrifugal
     9.4.2. Axial
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Ventilation Fan Market Size and Volume Forecast by Applications
     9.7.1. Industrial
     9.7.2. Commercial
     9.7.3. Residential
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Ventilation Fan Demand Share Forecast, 2019-2026
10. Europe Ventilation Fan Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Ventilation Fan Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Ventilation Fan Market Size and Volume Forecast by Types
     10.4.1. Centrifugal
     10.4.2. Axial
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Ventilation Fan Market Size and Volume Forecast by Applications
     10.7.1. Industrial
     10.7.2. Commercial
     10.7.3. Residential
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Ventilation Fan Demand Share Forecast, 2019-2026
11. Asia Pacific Ventilation Fan Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Ventilation Fan Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Ventilation Fan Market Size and Volume Forecast by Types
     11.4.1. Centrifugal
     11.4.2. Axial
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Ventilation Fan Market Size and Volume Forecast by Applications
     11.7.1. Industrial
     11.7.2. Commercial
     11.7.3. Residential
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Ventilation Fan Demand Share Forecast, 2019-2026
12. Middle East & Africa Ventilation Fan Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Ventilation Fan Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Ventilation Fan Market Size and Volume Forecast by Types
     12.4.1. Centrifugal
     12.4.2. Axial
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Ventilation Fan Market Size and Volume Forecast by Applications
     12.7.1. Industrial
     12.7.2. Commercial
     12.7.3. Residential
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Ventilation Fan Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Ventilation Fan Market: Market Share Analysis
  13.2. Ventilation Fan Distributors and Customers
  13.3. Ventilation Fan Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Delta Electronics, Inc.
     13.4.2. Mitsubishi Electric
     13.4.3. Crompton
     13.4.4. Fuji Electric Co. Ltd.
     13.4.5. Havells India Ltd.
     13.4.6. Rexnord Electronics & Controls Ltd.
     13.4.7. Panasonic Corporation
     13.4.8. Systemair AB
     13.4.9. Surya Roshni Ltd.
     13.4.10. Volution Group Plc.

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