How Is The Commercial Fan And Air Purification Equipment Market Segmented?
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
Subsegments:
1) By Air Purification Equipment: HEPA Air Purifiers, Activated Carbon Air Purifiers, UV-C Light Air Purifiers, Ionizers and Ozone Generators, Electrostatic Precipitators
2) By Attic and Exhaust Fans: Gable Attic Fans, Roof-Mount Attic Fans, Whole House Exhaust Fans, Bathroom Exhaust Fans, Kitchen Exhaust Fans
3) By Other Commercial Fans And Air Purification Equipment: Ceiling Fans, Pedestal Fans, Wall-Mounted Fans, Industrial Exhaust Fans, Blower Fans, Portable Air Purifiers And Fans
What Is Driving The Commercial Fan And Air Purification Equipment Market? Impact Of Technological Advances On The Commercial Fan And Air Purification Equipment Market
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, in February 2024, according to the International Telecommunication Union (ITU), a Switzerland-based specialized agency for information and communication technologies, in 2023, approximately 5.4 billion people (67 percent of the world’s population) used the Internet, which is an increase of 45 percent from the 2021. Thus, technological advances drove the market for air purifiers in the historic period.
What Is Driving The Commercial Fan And Air Purification Equipment Market? The Influence Of Indoor Air Quality Awareness On The Commercial Fan And Air Purification Equipment Market
Rising awareness about indoor air quality is expected to propel the growth of the commercial fan and air purification equipment market going forward. Awareness campaigns are being launched to inform people about the importance of indoor air quality and the steps they can take to improve it. For instance, in April 2023, the US Environmental Protection Agency (EPA) launched an Air Quality Awareness Week toolkit to promote community awareness about air quality. Air Quality Awareness Week would also provide an opportunity for people to learn about what causes poor air quality and how people will prepare for and respond to events and environments with poor air quality. Therefore, rising awareness about indoor air quality contributed to the growth of the commercial fan and air purification equipment market.
Who Are The Major Players In The Global Commercial Fan And Air Purification Equipment Market?
Major companies operating in the commercial fan and air purification equipment market include 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.
What Are The Key Trends Of The Global Commercial Fan And Air Purification Equipment Market? Transforming Air Quality Management With IOT Technology
The growing popularity of smart air purifiers is a major trend in the market. With air pollution increasing across the world, a growing awareness of allergies, pollution, and climate change is increasing consumer concern about the quality of the air they breathe. As a result, air purifiers are growing in popularity. Smart air purifiers are devices that are connected to other devices via the internet, and other technologies such as Bluetooth, near-field communication (NFC), and Wi-Fi. The rise of the Internet of Things (IoT) technology also supports the development of smart air purifiers. Smart air purifiers allow the air quality to be monitored and managed from a smartphone application, which provides a live reading of quality data. For instance, in November 2022, Samsung India Electronics Ltd. (SIEL), a subsidiary of Samsung Electronics Company Ltd (SECL) of South Korea Samsung India Electronics Ltd. (SIEL), a subsidiary of Samsung Electronics Company Ltd (SECL), a Korea-based technology company, launched two models of air purifiers, AX46 and AX32. These purifiers are Internet of Things (IoT)-enabled and remove nanoparticles, ultrafine dust, bacteria, and allergens.
What Are The Key Trends Of The Global Commercial Fan And Air Purification Equipment Market? The Emergence Of Portable Air Purifiers In The Commercial Fan And Air Purification Equipment Market
Major companies operating in the commercial fan and air purification equipment market are focusing on developing innovative products, such as portable air purifiers to sustain their position in the market. Portable air purifiers significantly reduce allergens, dust, pet dander, and other airborne particles, making the air cleaner and healthier to breathe, and are becoming increasingly popular due to their ability to improve indoor air quality on the go. For instance, in July 2023, Conair, a US-based personal care product company launched a new mini portable air purifier and IT cost $40. At just 3.8 inches by 5.3 inches and weighing less than 1 pound, the compact device is ideal for small living spaces, traveling, and moving from room to room and can be placed on the desk while working.
Regional Outlook For The Global Commercial Fan And Air Purification Equipment Market
Asia-Pacific was the largest region in commercial fan and air purification equipment in 2024. 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
The countries covered in the commercial fan and air purification equipment market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Commercial Fan And Air Purification Equipment Market?
The commercial fan and air purification equipment market consists of sales of industrial dust and fume collection equipment, electrostatic precipitation equipment, warm air furnace filters, air washers, and other dust collection equipment, and blowers, such as commercial exhaust fans and commercial ventilating fans. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Commercial Fan And Air Purification Equipment Industry?
The commercial fan and air purification equipment market research report is one of a series of new reports from The Business Research Company that provides commercial fan and air purification equipment market statistics, including commercial fan and air purification equipment industry global market size, regional shares, competitors with a commercial fan and air purification equipment market share, detailed commercial fan, and air purification equipment market segments, market trends and opportunities, and any further data you may need to thrive in the commercial fan and air purification equipment industry. This commercial fan and air purification equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
