Commercial Fan and Air Purification Equipment Market By Equipment Type, By Power Range Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Commercial Fan and Air Purification Equipment Market," The commercial fan and air purification equipment market was valued at $71.1 billion in 2022, and is estimated to reach $162 billion by 2032, growing at a CAGR of 8.9% from 2023 to 2032.

Commercial Fan and Air Purification Equipment Market - IMG1

Commercial fan and air purification equipment refers to the specialized systems and devices designed for use in commercial spaces, such as offices, hospitals, shopping malls, restaurants, hotels, and other public establishments. This equipment is specifically developed to address the ventilation, cooling, and air purification needs of larger-scale environments. The combination of commercial fans and air purification equipment offers comprehensive solutions for maintaining a comfortable and healthy indoor environment in commercial settings. They work together to ensure adequate ventilation, efficient air circulation, and the removal of pollutants, providing occupants with clean, fresh air and optimal thermal comfort.

The commercial fan and air purification equipment market is being driven by several key factors, making it a promising industry for manufacturers and suppliers. There is a rising awareness of the importance of indoor air quality in commercial spaces. Businesses and organizations are increasingly prioritizing the health and well-being of occupants, driving the demand for effective air purification equipment. In addition, the retrofitting of older buildings with commercial fans and air purification technology presents a significant opportunity for the market growth. Many older structures lack proper ventilation and air purification systems, and retrofit solutions provide a cost-effective way to improve indoor air quality without extensive renovations. Furthermore, stringent regulations and industry-specific requirements regarding air quality are boosting the demand for specialized commercial fan and air purification equipment. Industries such as healthcare, hospitality, education, manufacturing, and laboratories require tailored solutions to address their specific challenges and ensure compliance with air quality standards. All these factors are projected to drive the market growth during the forecast period.

One of the primary issues faced while installing commercial fan and air purification equipment is the limitation of available space. Many businesses, especially those operating in compact or crowded environments, may struggle to find suitable areas to accommodate these systems. The lack of sufficient space can make it challenging to install the equipment effectively and efficiently. This is one of the major factors anticipated to restrict the market revenue growth during the forecast years.

The increasing awareness of indoor air quality and the need for clean, purified environments has created a strong demand for commercial fan and air purification equipment in various industries. Smart controls, sensor-based systems, and IoT connectivity can greatly enhance the usability, effectiveness, and functionality of these systems. Manufacturers that can offer remote control, automated adjustments, and real-time monitoring capabilities have a competitive edge in meeting the evolving needs of customers. These innovations provide convenience, energy efficiency, and enhanced control over indoor air quality. In addition, as regulations and standards for indoor air quality become more stringent, there is a rising need for high-quality air filtration and purification solutions. Manufacturers that can provide advanced filtration technologies, such as HEPA filters and UVGI systems, have a competitive advantage in meeting these requirements.

The COVID-19 pandemic has significantly impacted various industries worldwide, including the commercial fan and air purification equipment market. The importance of maintaining clean and healthy indoor environments has been brought to the forefront due to the pandemic, leading to a surge in demand for advanced air filtration and purification solutions. The need to mitigate the transmission of airborne viruses and pathogens in commercial spaces, such as offices, retail stores, and healthcare facilities, has become a critical priority. Commercial fans and air purification technology, when used effectively, have the potential to minimize airborne pollutants and dust particles in commercial settings, as recognized by the U.S. Environmental Protection Agency (EPA).

The key players profiled in this report include: Honeywell International Inc., Panasonic Corporation, Carrier Corporation, Hitachi Ltd., Sharp Corporation., 3M Company, Regal Beloit Corporation, DAIKIN INDUSTRIES LTD., Illinois Tool Works Inc., and SPX FLOW Inc. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the commercial fan and air purification equipment market analysis from 2022 to 2032 to identify the prevailing commercial fan and air purification equipment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the commercial fan and air purification equipment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global commercial fan and air purification equipment market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Equipment Type

Air Purification Equipment
Attic and Exhaust Fan
Others

By Power Range Type

200 - 400 Square Ft
More Than 400 Square Ft
Less Than 200 Square Ft

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA

Key Market Players:

3M Company
Carrier Corporation
DAIKIN INDUSTRIES LTD.
Hitachi Ltd.
Honeywell International Inc.
Illinois Tool Works Inc.
Panasonic Corporation
Regal Beloit Corporation
Sharp Corporation.
SPX FLOW Inc

Product Code: A13490

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Average Selling Price
3.7. Brand Share Analysis
3.8. Key Regulation Analysis
3.9. Market Share Analysis
3.10. Patent Landscape
3.11. Regulatory Guidelines
3.12. Trade Data Analysis
3.13. Value Chain Analysis

CHAPTER 4: COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Air Purification Equipment
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Attic and Exhaust Fan
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Others
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Less Than 200 Square Ft
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. 200 - 400 Square Ft
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. More Than 400 Square Ft
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Equipment Type
- 6.2.3. Market size and forecast, by Power Range Type
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Key market trends, growth factors and opportunities
  - 6.2.4.1.2. Market size and forecast, by Equipment Type
  - 6.2.4.1.3. Market size and forecast, by Power Range Type
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Key market trends, growth factors and opportunities
  - 6.2.4.2.2. Market size and forecast, by Equipment Type
  - 6.2.4.2.3. Market size and forecast, by Power Range Type
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Key market trends, growth factors and opportunities
  - 6.2.4.3.2. Market size and forecast, by Equipment Type
  - 6.2.4.3.3. Market size and forecast, by Power Range Type
6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Equipment Type
- 6.3.3. Market size and forecast, by Power Range Type
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Key market trends, growth factors and opportunities
  - 6.3.4.1.2. Market size and forecast, by Equipment Type
  - 6.3.4.1.3. Market size and forecast, by Power Range Type
  - 6.3.4.2. UK
  - 6.3.4.2.1. Key market trends, growth factors and opportunities
  - 6.3.4.2.2. Market size and forecast, by Equipment Type
  - 6.3.4.2.3. Market size and forecast, by Power Range Type
  - 6.3.4.3. France
  - 6.3.4.3.1. Key market trends, growth factors and opportunities
  - 6.3.4.3.2. Market size and forecast, by Equipment Type
  - 6.3.4.3.3. Market size and forecast, by Power Range Type
  - 6.3.4.4. Spain
  - 6.3.4.4.1. Key market trends, growth factors and opportunities
  - 6.3.4.4.2. Market size and forecast, by Equipment Type
  - 6.3.4.4.3. Market size and forecast, by Power Range Type
  - 6.3.4.5. Italy
  - 6.3.4.5.1. Key market trends, growth factors and opportunities
  - 6.3.4.5.2. Market size and forecast, by Equipment Type
  - 6.3.4.5.3. Market size and forecast, by Power Range Type
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Key market trends, growth factors and opportunities
  - 6.3.4.6.2. Market size and forecast, by Equipment Type
  - 6.3.4.6.3. Market size and forecast, by Power Range Type
6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Equipment Type
- 6.4.3. Market size and forecast, by Power Range Type
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Key market trends, growth factors and opportunities
  - 6.4.4.1.2. Market size and forecast, by Equipment Type
  - 6.4.4.1.3. Market size and forecast, by Power Range Type
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Key market trends, growth factors and opportunities
  - 6.4.4.2.2. Market size and forecast, by Equipment Type
  - 6.4.4.2.3. Market size and forecast, by Power Range Type
  - 6.4.4.3. India
  - 6.4.4.3.1. Key market trends, growth factors and opportunities
  - 6.4.4.3.2. Market size and forecast, by Equipment Type
  - 6.4.4.3.3. Market size and forecast, by Power Range Type
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Key market trends, growth factors and opportunities
  - 6.4.4.4.2. Market size and forecast, by Equipment Type
  - 6.4.4.4.3. Market size and forecast, by Power Range Type
  - 6.4.4.5. Australia
  - 6.4.4.5.1. Key market trends, growth factors and opportunities
  - 6.4.4.5.2. Market size and forecast, by Equipment Type
  - 6.4.4.5.3. Market size and forecast, by Power Range Type
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Key market trends, growth factors and opportunities
  - 6.4.4.6.2. Market size and forecast, by Equipment Type
  - 6.4.4.6.3. Market size and forecast, by Power Range Type
6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Equipment Type
- 6.5.3. Market size and forecast, by Power Range Type
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Key market trends, growth factors and opportunities
  - 6.5.4.1.2. Market size and forecast, by Equipment Type
  - 6.5.4.1.3. Market size and forecast, by Power Range Type
  - 6.5.4.2. Saudi Arabia
  - 6.5.4.2.1. Key market trends, growth factors and opportunities
  - 6.5.4.2.2. Market size and forecast, by Equipment Type
  - 6.5.4.2.3. Market size and forecast, by Power Range Type
  - 6.5.4.3. United Arab Emirates
  - 6.5.4.3.1. Key market trends, growth factors and opportunities
  - 6.5.4.3.2. Market size and forecast, by Equipment Type
  - 6.5.4.3.3. Market size and forecast, by Power Range Type
  - 6.5.4.4. South Africa
  - 6.5.4.4.1. Key market trends, growth factors and opportunities
  - 6.5.4.4.2. Market size and forecast, by Equipment Type
  - 6.5.4.4.3. Market size and forecast, by Power Range Type
  - 6.5.4.5. Rest of LAMEA
  - 6.5.4.5.1. Key market trends, growth factors and opportunities
  - 6.5.4.5.2. Market size and forecast, by Equipment Type
  - 6.5.4.5.3. Market size and forecast, by Power Range Type

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Honeywell International Inc.
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
8.2. Panasonic Corporation
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
8.3. Carrier Corporation
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
8.4. Hitachi Ltd.
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
8.5. Sharp Corporation.
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
8.6. 3M Company
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
8.7. Regal Beloit Corporation
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
8.8. DAIKIN INDUSTRIES LTD.
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
8.9. Illinois Tool Works Inc.
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
8.10. SPX FLOW Inc
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot