The global smoke exhaust fan market is expected to grow at a CAGR of 5.5% during the forecast period.
Smoke Exhaust Fans Market Overview
Smoke exhaust fans are widely used in commercial, industrial, and residential applications. Commercial applications include office buildings, shopping malls, airports, and hospitals. Industrial applications include manufacturing plants, warehouses, and power plants. Residential applications include apartments, single-family homes, and condos. Among these applications, commercial application is expected to grow at the highest CAGR during the forecast period owing to the increasing number of new commercial construction projects across the globe.
The smoke exhaust fan market is growing rapidly due to the increasing number of fires in residential and commercial buildings. The fans are used to remove smoke and fumes from the building to prevent occupants from being affected by the smoke. Commercial applications such as restaurants, hotels, and office buildings are the major end-users of smoke exhaust fans. The Asia-Pacific region is expected to be the largest market for smoke exhaust fans due to the growing construction industry in the region.
The report also assesses the key opportunities in the Smoke Exhaust Fans market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Smoke Exhaust Fans Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Industry News and Updates
August 16, 2019: Systemair Acquires Pacific HVAC Engineering--
Systemair AB has acquired the ventilation part of the Australian company Pacific HVAC Engineering. The company, which is headquartered in Melbourne, Australia, has an annual turnover of approximately AUD 20 million (SEK 130 million) and is also established in Sydney, Adelaide, Brisbane, and Perth, Australia, as well as Auckland, New Zealand. The company, which employs 60 individuals, is a distributor of ventilation products and manufactures a range of fans. The company will be renamed Pacific Ventilation immediately.
What are the major Applications, Types and Regions for Smoke Exhaust Fans Market?
The market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Centrifugal type
- Axial type
- Others
By Application, it is segmented into
- Fire protection
- Commercial kitchen
- Other
Smoke Exhaust Fans Market Regional Analysis
Europe held the largest market share in 2019. High disposable income, rising demand for exhaust surveillance, the need for product innovation, and a mature, technologically advanced consumer market place are the primary reasons why this region is expected to show growth. The region has some of the strictest laws regarding workplace and industrial emission outputs; thus, these fans are expected to see demand from the European region. Most of the workplaces and residential housing units are currently mandated to have proper smoke extraction systems installed; thus, augmenting demand.
The market in the APAC region is likely to grow at a rate of 5.2% in the forecast period. The expanding manufacturing industries, especially in China and India, with hefty investment from the government on smart city initiatives, have resulted in greater opportunities for the smoke extractor exhaust fan market
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Smoke Exhaust Fans Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Smoke Exhaust Fans Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Smoke Exhaust Fans Market report scope?
Reports Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.5% during the review period (2022 to 2027).
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By Type
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- Centrifugal type
- Axial type
- Others
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By Application
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- Fire protection
- Commercial kitchen
- Other
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By Companies
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Nicotra Gebhardt, Soler & Palau, Ventmeca, NOVENCO, VENTS, Systemair AB (publ) (Stockholm: SYSR.ST), Elta Fans, Polypipe Ventilation, SODECA
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Regions Covered
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• North America
• Europe
• Asia-Pacific
• Rest of the World
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Countries Covered
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• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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118
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Smoke Exhaust Fans Report
- Evaluate Smoke Exhaust Fans market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Smoke Exhaust Fans market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Smoke Exhaust Fans Market is studied from 2017 - 2027.
Who are the key players in Smoke Exhaust Fans Market?
Nicotra Gebhardt, Soler & Palau, Ventmeca, NOVENCO, VENTS, Systemair AB (publ) (Stockholm: SYSR.ST), Elta Fans, Polypipe Ventilation, SODECA, Rucon and others.
What are the significant types of Smoke Exhaust Fans Market?
Centrifugal type, Axial type, Others.
What are the major end-use applications of Smoke Exhaust Fans Market?
Fire protection, Commercial kitchen, Other
What segments are covered in the Smoke Exhaust Fans Market report?
The Global Smoke Exhaust Fans Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Smoke Exhaust Fans Market?
The sample report for the Smoke Exhaust Fans Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.