Thailand 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
Market Definition
The Thailand Ventilation Fan Market size was valued at USD 16.9 million in 2023, and is predicted to reach USD 33.8 million by 2030, at a CAGR of 9.8 % from 2024 to 2030.
Ventilation fans serve a crucial function in promoting air circulation within enclosed spaces, thereby enhancing air quality and regulating temperature and humidity levels. Vital for creating conducive working environments, these fans are widely used in various settings such as factories, warehouses, offices, and commercial establishments.
Their primary functions include removing stagnant air, controlling moisture levels, and reducing harmful pollutants, thereby creating a safe and comfortable atmosphere for occupants. Acknowledged for their significant contribution to increasing workplace productivity and adhering to health and safety regulations, ventilation fans are considered indispensable assets for businesses operating across diverse industries.
Rising Construction Sector Fuels, the Market Growth
The ventilation market is growing due to the Thai government's proactive approach to infrastructure development and its efforts to enhance urban living standards. With a vision focused on modernizing urban areas and elevating citizen quality of life, the government is spearheading various infrastructure projects, spanning transportation networks to commercial complexes.
These endeavors necessitate efficient ventilation systems to ensure optimal air circulation and quality within newly constructed or renovated spaces. Additionally, the government's emphasis on sustainable development and environmental conservation acts as a driver for the adoption of energy-efficient ventilation solutions, stimulating innovation within the market. Consequently, government-backed initiatives and infrastructure projects serve as significant catalysts, creating a favorable environment for the expansion of the ventilation fan market in Thailand.
Rapid Urbanization and Growth in Construction Sector Fuels, the Growth of the Market
Thailand's rapid urbanization and continuous construction activities serve as primary drivers for the ventilation fan market. As per the World Bank's statistics, over half of Thailand's population resided in urban areas and cities by 2022, indicating a substantial shift towards urban living.
With urban areas expanding and new buildings cropping up to accommodate the growing population and economic activities, the demand for ventilation systems escalates proportionally.Ventilation fans play a crucial role in maintaining optimal indoor air quality and circulation in both residential and commercial settings amidst the burgeoning urban landscape.
This burgeoning trend of urbanization coupled with construction boom provides a fertile ground for the ventilation fan market to thrive, promising lucrative opportunities for manufacturers and suppliers in Thailand.
High Expenditures Related to the Maintenance Hinders the Progress of the Market
Regular maintenance plays a crucial role in ensuring the ongoing efficiency and longevity of ventilation fans. This necessary upkeep routine involves activities such as cleaning filters, lubricating moving parts, and replacing worn components.
While vital for optimal performance, these maintenance tasks entail additional costs and require dedicated time and resources. Consequently, businesses must account for these ongoing maintenance expenses and allocate adequate personnel or resources accordingly.
Failure to properly maintain ventilation fans can lead to decreased efficiency, increased energy consumption, and the potential for costly repairs or replacements in the future. Therefore, consistent investment in maintenance is essential to uphold the reliability and effectiveness of ventilation systems, especially in commercial and industrial settings.
The Increasing Focus on Energy Efficiency Regulations Offers Promising Prospects for the Future
With governments and regulatory bodies increasingly enforcing stringent energy efficiency regulations, there is a growing demand for ventilation fan solutions that surpass these standards. This trend opens up substantial opportunities for manufacturers to lead the way in innovating energy-efficient products.
Companies capable of meeting these rigorous requirements are strategically positioned to expand their market presence by offering solutions that not only comply with evolving regulations but also resonate with environmentally aware consumers and businesses. This strategic edge places them ahead of compliance mandates and empowers them to seize a greater portion of the market.
Competitive Landscape
The Thailand 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 Thailand Ltd., and Glen Dimplex UK Limited, and others.
The Thailand 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 16.9 Million |
|
Revenue Forecast in 2030 |
USD 33.8 Million |
|
Growth Rate |
CAGR of 9.8 % 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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