China Ventilation Fan Market by Product Type (Centrifugal Fans, Axial Fans, Hatch Fans, and Duct Fans), by Flow Rate (Below 100 CFM, 100-250 CFM, 250-500 CFM, 500-750 CFM, and Above 750 CFM), by Material (Metal and Plastic), by Installation (Ceiling Mounted, Wall Mounted, and In line installation), by Application (Industrial, Commercial, and Residential), and by Distribution Channel (Online and Offline)– Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Construction & Manufacturing | Publish Date: 09-Apr-2024 | No of Pages: 118 | No. of Tables: 85 | No. of Figures: 50 | Format: PDF | Report Code : N/A
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Market Definition
The China Ventilation Fan Market size was valued at USD 514.2 million in 2023, and is predicted to reach USD 862.1 million by 2030, at a CAGR of 7.1% from 2024 to 2030.
A ventilation fan facilitates the movement of air within confined areas, enhancing air quality while regulating temperature and humidity levels. Integral to fostering conducive working environments, ventilation fans find extensive application in various settings including factories, warehouses, offices, and commercial establishments.
Their primary objectives encompass eliminating stagnant air, maintaining optimal moisture levels, and mitigating harmful pollutants, thereby fostering a secure and comfortable ambiance for occupants. Recognized for their pivotal role in bolstering workplace efficiency and compliance with health and safety protocols, ventilation fans emerge as indispensable assets for enterprises spanning diverse sectors.
The Rapid Growth in Construction Industry Surges the Growth of the Market
The growing construction industry in China stands as a pivotal driver propelling the ventilation fan market forward. With the nation's emphasis on new infrastructure projects, as underscored by the 14th Five-Year Plan, there's a significant impetus for developments in transportation, energy, water systems, and urbanization. Projections indicate an estimated investment of around USD 4.2 trillion throughout the plan's tenure, fuelling demand for ventilation systems across a spectrum of construction endeavors.
Whether it's commercial edifices or residential complexes, the imperative remains consistent: ensuring optimal indoor air quality and circulation. Consequently, the surge in construction activities correlates directly with an escalating need for ventilation fans, delineating lucrative prospects for industry stakeholders ranging from manufacturers to suppliers operating within this niche.
Stringent Government Regulations Drives the Growth of the Market
Furthermore, stringent governmental mandates pertaining to energy efficiency serve as a compelling catalyst propelling the demand for ventilation fans in China. Regulatory bodies like the National Development and Reform Commission (NDRC) have imposed elevated energy efficiency standards across diverse sectors such as oil refining and non-ferrous metals smelting. Enterprises failing to comply with these standards face incentivized pressures to invest in advanced equipment and technologies, including waste heat recycling mechanisms.
This concerted emphasis on energy efficiency not only fosters sustainability but also augments the adoption of ventilation fans as indispensable components for enhancing indoor air quality while curbing energy consumption. Consequently, the ventilation fan market in China is witnessing a notable uptick buoyed by the nation's steadfast commitment to energy-conservation endeavors and environmental stewardship.
The Market's Expansion is Hampered by the Rising Costs Linked to Maintenance
Ensuring the ongoing effectiveness and longevity of ventilation fans hinges on regular maintenance. This essential upkeep regimen involves tasks like filter cleaning, lubricating moving parts, and replacing worn components.
While critical for peak performance, these maintenance duties can entail added costs and demand dedicated time and resources. Businesses must therefore factor in these ongoing maintenance expenses and allocate appropriate personnel or resources.
Neglecting proper maintenance of ventilation fans could result in diminished efficiency, heightened energy consumption, and the possibility of costly repairs or replacements down the line. Consequently, investing in consistent maintenance is paramount to uphold the reliability and efficacy of ventilation systems in commercial and industrial environments.
The Growing Focus on Energy Efficiency Regulations Creates Future Opportunity
With governments and regulatory bodies implementing more stringent energy efficiency regulations, there's an increasing need for ventilation fan solutions that surpass these standards. This scenario offers manufacturers a significant chance to spearhead the advancement of energy-efficient products.
Firms equipped to meet these criteria are strategically poised to expand their market presence by providing solutions that not only adhere to evolving regulations but also resonate with environmentally conscious consumers and businesses, positioning themselves ahead of compliance mandates.
Competitive Landscape
The China ventilation fan market comprises various market players, such as Ebm-papst Group, Broan-NuTone, ZIEHL-Abegg, Delta Electronics, Inc., Panasonic Holding Corporation, Crompton Greaves Consumer Electricals Limited, Mitsubishi Electronics Ltd., Zehnder Group, Havells India Ltd., and Glen Dimplex UK Limited, and others.
The China Ventilation Fan Market Key Segments
By Product Type
-
Centrifugal fans
-
Axial fans
-
Hatch Fans
-
Duct Fans
By Flow Rate
-
Below 100 CFM
-
100-250 CFM
-
250-500 CFM
-
500-750 CFM
-
Above 750 CFM
By Material
-
Metal
-
Plastic
By Installation
-
Ceiling Mounted
-
Wall Mounted
-
In line installation
By Application
-
Industrial
-
Commercial
-
Residential
By Distribution Channel
-
Online
-
Offline
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 514.2 Million |
|
Revenue Forecast in 2030 |
USD 862.1 Million |
|
Growth Rate |
CAGR of 7.1% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
Ebm-papst Group
-
Broan-NuTone
-
ZIEHL-Abegg
-
Delta Electronics, Inc.
-
Panasonic Holding Corporation
-
Crompton Greaves Consumer Electricals Limited
-
Mitsubishi Electronics Ltd.
-
Zehnder Group
-
Havells India Ltd.
-
Glen Dimplex UK Limited
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