ALBANY, New York, June 10, 2020
- In the past two three decades, technologies for high efficiency ventilation and airflow have developed at a great pace
- The present trends in the global ventilation fans market are now moving towards technological advancements with increasing onus on developing energy efficient ventilation systems
ALBANY, New York, June 10, 2020 /PRNewswire/ -- Transparency Market Research has now come up with a new research report that provides detailed information about the overall working dynamics of the global ventilation fans market. The research report offers actionable insights on the key market segments, prominent driving and restraining factors, geographical outlook, and the overall situation of the vendor landscape.
According to the research report, the global ventilation fans market is expected to showcase a healthy CAGR of ~5% over the course of the given forecast period ranging from 2020 to 2030. Given the rate of growth, the valuation of the market is expected to rise up to US$3 Bn by the fall of 2030.
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Global Ventilation Fans Market – Key Takeaways
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Ventilation Fans Market (Product Type: Axial Fans [Propeller, Tube Axial, and Vane Axial] and Centrifugal Fans [Forward Inclined Blade, Backward Inclined Blades, and Straight Radial Blades]; Installation: Wall Mounted and Roof Mounted; and End Use: Residential, Commercial [Hotels & Restaurants, Malls & Shopping Centers, Hospitals & Medical Centers, Warehouses & Garage, and Others], and Industrial [Oil & Gas, Automotive, Food & Beverage Processing, Chemical, Industrial Manufacturing, and Others]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/ventilation-fans-market.html
Global Ventilation Fans Market – Key Driving Factors
View Table of Content @ https://www.transparencymarketresearch.com/report-toc/7975
Global Ventilation Fans Market – Key Restraining Factors
Global Ventilation Fans Market – Geographical Outlook
Analyze Ventilation Fans Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Global Ventilation Fans Market – Key Players
Key players operating in the global ventilation fans market include Panasonic Corporation, Nortek Inc., Systemair AB, Greenwood Airvac, Polypipe Ventilation, Vent-Axia, Airflow Developments Ltd., Mitsubishi Electric Corporation, Delta Electronics, Inc., and Titon plc. Companies operating in the ventilation fans market are extensively focusing on introducing innovative products in order to gain more market share.
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Global Ventilation Fans Market: Segmentation
Ventilation Fans Market, by Product Type
Ventilation Fans Market, by Installation
Ventilation Fans Market, by End Use
Ventilation Fans Market, by Region
Explore Transparency Market Research's award-winning coverage of the Global Factory Automation Industry:
Industrial Fans and Blowers Market – Rising demand for power consumption, owing to increased population, is driving the incorporation of power generation units such as nuclear power plants, hydro power plants, coal, and thermal power plants. Such power plants require industrial fans and blowers to supply air for combustion, supply fuel to burners, and circulate gases for better heat transfer. Additionally, solar and wind energy power plants require industrial fans to cool down the inverters and generators.
Electronically Commutated (EC) Fans Market – Smart synchronous permanent magnet motor (SSPMM) might act as a restraint to the ECM market. This motor provides higher efficiency and consumes less energy. The motor helps in doing away with the power conversion process after the motor is started. This saves energy and increases efficiency. SSPMM eliminates the use of electronics and uses coil for any surge in line. However, this technology is expensive.
Axial Fans Market – The global axial fans market is affected negatively as a result of changing raw material cost. The price of metal is volatile at the global level which restricts the growth of the axial fans market. Rising investment in cooling towers from developing economies including China and India is driving the market growth.
Mist Fans Market – One of the key factors driving the global mist fans market is rapidly increasing demand from the construction industry, as the development of residential and non-residential buildings continues to grow at a rapid pace. The increasing government spending on infrastructure and industrialization is anticipated to drive the mist fans market during the forecast period. The construction industry in Asia Pacific is projected to witness significant growth in the near future due to rapid urbanization, growing population, and favorable government plans for infrastructure development in the region.
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