Global Ventilation Fan Market Report and Forecast 2024-2032

Global Ventilation Fan Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the global ventilation fan market reached a value of USD 3.16 billion in 2023. Aided by the escalating demand for enhanced air quality and energy-efficient solutions across residential, commercial, and industrial sectors, the market is projected to further grow at a CAGR of 7.3% between 2024 and 2032 to reach a value of USD 6 billion by 2032.

Ventilation fans, pivotal in ensuring optimal air circulation, removing impurities, and maintaining humidity levels, have become indispensable in modern infrastructure. The ventilation fan market achieved significant growth, underlined by the heightened awareness of indoor air quality's impact on health, productivity, and well-being.

Several factors drive the ventilation fan market growth. The global push towards energy efficiency and sustainability has spurred innovations in eco-friendly ventilation solutions, such as solar-powered and energy-recovery ventilators. Additionally, the proliferation of smart home and building automation technologies has elevated the demand for intelligent ventilation systems that can be remotely controlled and integrated with other smart devices for enhanced environmental control.

Moreover, the post-pandemic world has seen a surge in emphasis on ventilation in public and private spaces to mitigate airborne transmission of viruses, further accelerating the adoption of advanced ventilation solutions.

Innovation lies at the core of the ventilation fan market demand, with manufacturers focusing on developing quieter, more powerful, and energy-efficient models. The advent of EC (Electronically Commutated) motors and advancements in blade design have significantly improved fan performance and energy consumption. Furthermore, the integration of sensors and IoT technology in ventilation fans for monitoring air quality and automating operation based on real-time data analysis marks a leap towards smarter, more responsive ventilation systems.

The increasing global focus on health and environmental sustainability presents a substantial opportunity for the ventilation fan market. There is a growing demand for solutions that not only improve indoor air quality but also contribute to energy conservation and reduce the environmental footprint of buildings and industries.

The regulatory environment significantly influences the ventilation fan market outlook, with standards and codes focusing on energy efficiency, noise levels, and air quality. Governments and international bodies are increasingly mandating the use of energy-efficient ventilation systems in new constructions and renovations, driving the adoption of advanced ventilation technologies.

Market Segmentation

The market can be divided based on product type, deployment, material, application, distribution channel, and region.

Market Breakup by Product Type
  • Centrifugal Fans
  • Axial Fans
  • Cross Flow Fans
  • Domestic Exhaust Fans
  • Power Roof Fans
  • Range Hood Fans
Market Breakup by Deployment
  • Wall
  • Ceiling
  • Inline
  • Others
Market Breakup by Material
  • Plastic
  • Metal
  • Alloy
Market Breakup by Application
  • Industrial
  • Residential
  • Commercial
Market Breakup by Distribution Channel
  • Offline
  • Online
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ventilation fan market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Mitsubishi Electric Corporation
  • Panasonic Holdings Corp.
  • Crompton Greaves Consumer Electricals Limited
  • Delta Electronics, Inc.
  • Havells India Ltd.
  • Rexnord Electronic & Control Ltd.
  • Volution Group Plc
  • Systemair AB
  • Continental Fan Manufacturing Inc.
  • Surya Roshni Ltd.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ventilation Fan Market Analysis
8.1 Key Industry Highlights
8.2 Global Ventilation Fan Historical Market (2018-2023)
8.3 Global Ventilation Fan Market Forecast (2024-2032)
8.4 Global Ventilation Fan Market by Product Type
8.4.1 Centrifugal Fans
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Axial Fans
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cross Flow Fans
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Domestic Exhaust Fans
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Power Roof Fans
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Range Hood Fans
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.5 Global Ventilation Fan Market by Deployment
8.5.1 Wall
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Ceiling
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Inline
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Ventilation Fan Market by Material
8.6.1 Plastic
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Metal
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Alloy
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Ventilation Fan Market by Application
8.7.1 Industrial
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Residential
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Commercial
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Ventilation Fan Market by Distribution Channel
8.8.1 Offline
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Online
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Ventilation Fan Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Ventilation Fan Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ventilation Fan Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ventilation Fan Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ventilation Fan Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ventilation Fan Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Mitsubishi Electric Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Panasonic Holdings Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Crompton Greaves Consumer Electricals Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Delta Electronics, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Havells India Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Rexnord Electronic & Control Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Volution Group Plc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Systemair AB
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Continental Fan Manufacturing Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Surya Roshni Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ventilation Fan Market: Key Industry Highlights, 2018 and 2032
2. Global Ventilation Fan Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Ventilation Fan Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Ventilation Fan Historical Market: Breakup by Deployment (USD Million), 2018-2023
5. Global Ventilation Fan Market Forecast: Breakup by Deployment (USD Million), 2024-2032
6. Global Ventilation Fan Historical Market: Breakup by Material (USD Million), 2018-2023
7. Global Ventilation Fan Market Forecast: Breakup by Material (USD Million), 2024-2032
8. Global Ventilation Fan Historical Market: Breakup by Application (USD Million), 2018-2023
9. Global Ventilation Fan Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Global Ventilation Fan Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
11. Global Ventilation Fan Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12. Global Ventilation Fan Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Ventilation Fan Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Ventilation Fan Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Ventilation Fan Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Ventilation Fan Market Structure

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