The commercial fan and air purification equipment market size is expected to see strong growth in the next few years. It will grow to $118.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to changing climate conditions, coronavirus impact, and stringent regulation on industrial and commercial sector air pollution. Major trends in the forecast period include focus on developing smart commercial fan and air purification equipment to capitalize on the changing trends and growing popularity of these products, to increase revenues, focus on developing energy-efficient commercial fan and air purification equipment, vod systems and consider increasing their focus on m&a growth strategies to expand customer base.
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Segmentation & Regional Insights
The commercial fan and air purification equipment market covered in this report is segmented –
1) By Type: Air Purification Equipment, Attic And Exhaust fans, Other Commercial Fan And Air Purification Equipment
2) By Range: Less Than 200 Square Ft, 200 – 400 Square Ft, More Than 400 Square Ft.
3) By Capacity: Small, Medium, Large
The Asia-Pacific was the largest region in commercial fan and air purification equipment in 2023. Western Europe was the second largest region in the commercial fan and air purification equipment. The regions covered in the commercial fan and air purification equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Technological advances in commercial fan and air purification equipment drove the market in the historic period. Increased access to the internet and the use of smartphones supported the development and consumption of innovative technologically enabled appliances. For instance, according to the GSMA annual State of Mobile Internet Connectivity Report 2022, 55% of the world’s population was using mobile internet by the end of 2021, which is an increase of almost 300 million since the end of 2020. Thus, technological advances drove the market for air purifiers in the historic period.
Key Industry Players
Major companies operating in the commercial fan and air purification equipment market report are ebm-papst Group, Systemair, Sharp Corporation, CECO Environmental Corporation, Johnson Controls International plc, FlktGroup, Twin City Fan & Blower, Greenheck Fan Corporation, Munters, Volution Group plc, Daikin Industries Ltd, LG Electronics Inc, Panasonic, Xiaomi Corporation, Coway, Sunbeam Products Inc, YADU, Midea, Beiangtech, Air 0 Limited, Jimco A/S, Dry IT Out Limited, Air Concern Limited, Bench Vent, Respr Technologies, ABIOTEC UV, Dyson Ltd, IQ Air, Honeywell International Inc, Camfil, Koninklijke Philips Electronics NV, Blue Air, Electrolux, Lexy, Whirlpool Corp, Teqoya, Dexwet Holdings Corporation, Lennox International Inc, Air Purification Incorporated, Americair Corporation, Austin, Wynd Technologies, Samsung Electronics America.
The commercial fan and air purification equipment market report table of contents includes:
1. Executive Summary
2. Commercial Fan And Air Purification Equipment Market Characteristics
3. Commercial Fan And Air Purification Equipment Product/Service Analysis -Product/Service Examples
4. Commercial Fan And Air Purification Equipment Market Trends And Strategies
5. Commercial Fan And Air Purification Equipment Market – Macro Economic Scenario
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67. Commercial Fan And Air Purification Equipment Market Other Major And Innovative Companies
68. Global Commercial Fan And Air Purification Equipment Market Competitive Benchmarking
69. Global Commercial Fan And Air Purification Equipment Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Commercial Fan And Air Purification Equipment Market
72. Appendix
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