Ventilation Fan Market Size, Share & Trends Analysis Report By Product (Axial, Centrifugal), By Raw Material, By Application (Industrial, Commercial, Residential), By Deployment, By Region, And Segment Forecasts, 2025 - 2030

December 2024 | 100 pages | ID: V8C295F2A2E8EN
Grand View Research, Inc.

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Ventilation Fan Market Growth & Trends

The global ventilation fan market size is expected treach USD 5.23 billion by 2030, registering a 6.3% CAGR from 2025 t2030, according ta new report by Grand View Research, Inc. Rising demand from residential, commercial, and industrial buildings is anticipated tdrive the growth. Increasing installation in bathrooms, kitchens, dryer rooms, garages, and attics of residences is expected tdrive the product demand.

The rising installation of exhaust fans recommended in schools, hotels, bars and restaurants, laundry shops, beauty and barber shops, autrepair shops, and publishing and printing shops are expected tcontribute tthe growth. Ventilation fans are required in paint spray booths, welding booths, and areas that require grinding and polishing booths, portable fume exhausters, and plating and coating tanks.

Brick and mortar hardware stores are the major distributors of ventilation fans. Most of these channels have a liaison with contractors, architects, and builders which enhances the total sales for these distributors. The buyers, while placing large purchase orders, are able tgain big discounts. Thus, the association is beneficial for builders and contractors as well as the retailer.

The millennial market is most majorly dependent on the e-commerce industry owing ta strong digital presence. Online retailers of ventilation fans including Lowe’s, Amazon, globalindustrial.com, IndustrialFansDirect.com, The Home Depot, Ferguson Enterprises, LLC, and CANADIAN TIRE have adopted strategies such as product discounts and cashback tattract this demographic during the forecast period.

Some of the key market players of ventilation fans include Crompton; Delta Electronics, Inc.; Fuji Electric Co., Ltd.; Havells India Ltd.; Mitsubishi Electric; Panasonic Corporation; Rexnord Electronics & Controls Ltd.; Surya Roshni Ltd.; Systemair AB; and Volution Group Plc. The growing demand has been creating momentum in the manufacturing industry tboost the production process. In December 2018, Panasonic attained a global, cumulative production of 200 million exhaust fans. It produces over 7 million fans annually and has been manufacturing the product for over 60 years in 40 countries.

In January 2017, Veent launched a smart ventilation fan suitable for bathrooms. The easy tinstall product can be controlled wirelessly, through Veent fan switch and the Veent app available for mobile phones. The smart technology of the product evaluates the median humidity and moisture levels of the nearby areas and switches itself on automatically tdry the area. This proves helpful in solving the issue of molds. The fan is soundless and equipped with an energy-efficient motor.

Ventilation Fan Market Report Highlights
    • Axial products accounted for more than 67.6% of the global revenue share in 2024. This dominance is attributed tproduct efficiency in terms of power consumption.
    • The centrifugal segment is expected tgrow at the highest CAGR over the forecast period as it offers first-rate energy efficiency along with allowing constant airflow.
    • The wall-mounted segment of the ventilation fan market accounted for more than 60% of the global revenue share in 2018 owing tthe easy installation process of the product.
    • Metal products accounted for more than 71.6% market share in 2018 owing tthe better air circulation capacity of the product.
      • The plastic segment is expected tgrow at the highest CAGR over the forecast period due tits cost-effectiveness and lightweight properties.
      • The ceiling-mounted segment is expected tgrow at the fastest CAGR over the forecast period due tthe rising demand for space-saving cooling solutions in urban environments.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot

CHAPTER 3. VENTILATION FAN MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Lineage Outlook
  3.1.1. Parent Market Outlook
  3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
  3.2.1. Profit Margin Analysis (Industry-level)
3.3. Market Dynamics
  3.3.1. Market Driver Analysis
  3.3.2. Market Restraint Analysis
  3.3.3. Market Opportunities
  3.3.4. Market Challenges
3.4. Industry Analysis Tools
  3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies

CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS

4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

CHAPTER 5. VENTILATION FAN MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

5.1. Ventilation Fan Market, by Product: Key Takeaways
5.2. Product Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
  5.3.1. Axial
    5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  5.3.2. Centrifugal
    5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 6. VENTILATION FAN MARKET: RAW MATERIAL ESTIMATES & TREND ANALYSIS

6.1. Ventilation Fan Market, by Raw Material: Key Takeaways
6.2. Product Movement Analysis & Market Share, 2024 & 2030
6.3. Market Estimates & Forecasts, by Raw Material, 2018 - 2030 (USD Million)
  6.3.1. Metal
    6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  6.3.2. Plastic
    6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 7. VENTILATION FAN MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

7.1. Ventilation Fan Market, by Application: Key Takeaways
7.2. Product Movement Analysis & Market Share, 2024 & 2030
7.3. Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
  7.3.1. Industrial
    7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  7.3.2. Commercial
    7.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  7.3.3. Residential
    7.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 8. VENTILATION FAN MARKET: DEPLOYMENT ESTIMATES & TREND ANALYSIS

8.1. Ventilation Fan Market, by Deployment: Key Takeaways
8.2. Deployment Movement Analysis & Market Share, 2024 & 2030
8.3. Market Estimates & Forecasts, by Deployment, 2018 - 2030 (USD Million)
  8.3.1. Wall-mounted
    8.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.3.2. Ceiling-mounted
    8.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 9. VENTILATION FAN MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

9.1. Ventilation Fan Market: Regional Outlook
9.2. Regional Marketplaces: Key Takeaways
9.3. Market Estimates & Forecasts, by region, 2018 - 2030 (USD Million)
  9.3.1. North America
    9.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.1.2. U.S.
      9.3.1.2.1. Key country dynamics
      9.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.1.3. Canada
      9.3.1.3.1. Key country dynamics
      9.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.1.4. Mexico
      9.3.1.4.1. Key country dynamics
      9.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  9.3.2. Europe
    9.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.2.2. UK
      9.3.2.2.1. Key country dynamics
      9.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.2.3. Germany
      9.3.2.3.1. Key country dynamics
      9.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.2.4. France
      9.3.2.4.1. Key country dynamics
      9.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.2.5. Italy
      9.3.2.5.1. Key country dynamics
      9.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.2.6. Spain
      9.3.2.6.1. Key country dynamics
      9.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  9.3.3. Asia Pacific
    9.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.3.2. China
      9.3.3.2.1. Key country dynamics
      9.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.3.3. India
      9.3.3.3.1. Key country dynamics
      9.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.3.4. Japan
      9.3.3.4.1. Key country dynamics
      9.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.3.5. Australia
      9.3.3.5.1. Key country dynamics
      9.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.3.6. South Korea
      9.3.3.6.1. Key country dynamics
      9.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  9.3.4. Latin America
    9.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.4.2. Brazil
      9.3.4.2.1. Key country dynamics
      9.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  9.3.5. Middle East & Africa
    9.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    9.3.5.2. South Africa
      9.3.5.2.1. Key country dynamics
      9.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 10. VENTILATION FAN MARKET: COMPETITIVE ANALYSIS

10.1. Recent Developments & Impact Analysis, by Key Market Participants
10.2. Company Categorization
10.3. Participant’s Overview
10.4. Financial Performance
10.5. Product Benchmarking
10.6. Company Heat Map Analysis
10.7. Strategy Mapping
10.8. Company Profiles
  10.8.1. Andrews Sykes Group PLC
    10.8.1.1. Company Overview
    10.8.1.2. Financial Performance
    10.8.1.3. Product Portfolios
    10.8.1.4. Strategic Initiatives
  10.8.2. Crompton Greaves Consumer Electricals Limited.
    10.8.2.1. Company Overview
    10.8.2.2. Financial Performance
    10.8.2.3. Product Portfolios
    10.8.2.4. Strategic Initiatives
  10.8.3. Delta Electronics, Inc.
    10.8.3.1. Company Overview
    10.8.3.2. Financial Performance
    10.8.3.3. Product Portfolios
    10.8.3.4. Strategic Initiatives
  10.8.4. Fuji Electric Co., Ltd.
    10.8.4.1. Company Overview
    10.8.4.2. Financial Performance
    10.8.4.3. Product Portfolios
    10.8.4.4. Strategic Initiatives
  10.8.5. Havells India Ltd.
    10.8.5.1. Company Overview
    10.8.5.2. Financial Performance
    10.8.5.3. Product Portfolios
    10.8.5.4. Strategic Initiatives
  10.8.6. Mitsubishi Electric Corporation
    10.8.6.1. Company Overview
    10.8.6.2. Financial Performance
    10.8.6.3. Product Portfolios
    10.8.6.4. Strategic Initiatives
  10.8.7. Panasonic Corporation
    10.8.7.1. Company Overview
    10.8.7.2. Financial Performance
    10.8.7.3. Product Portfolios
    10.8.7.4. Strategic Initiatives
  10.8.8. Rexnord Electronic & Control Ltd
    10.8.8.1. Company Overview
    10.8.8.2. Financial Performance
    10.8.8.3. Product Portfolios
    10.8.8.4. Strategic Initiatives
  10.8.9. Surya Roshni Ltd.
    10.8.9.1. Company Overview
    10.8.9.2. Financial Performance
    10.8.9.3. Product Portfolios
    10.8.9.4. Strategic Initiatives
  10.8.10. Systemair AB
    10.8.10.1. Company Overview
    10.8.10.2. Financial Performance
    10.8.10.3. Product Portfolios
    10.8.10.4. Strategic Initiatives
  10.8.11. Volution Group plc
    10.8.11.1. Company Overview
    10.8.11.2. Financial Performance
    10.8.11.3. Product Portfolios
    10.8.11.4. Strategic Initiatives
  10.8.12. Wonder Fibromats Ltd.
    10.8.12.1. Company Overview
    10.8.12.2. Financial Performance
    10.8.12.3. Product Portfolios
    10.8.12.4. Strategic Initiatives


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