Attic And Exhaust fans Global Market Report 2024

The attic and exhaust fans market size has grown strongly in recent years. It will grow from $9.53 billion in 2023 to $10.29 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth observed during the historical period can be attributed to several factors, including increased concerns about energy efficiency, greater awareness of climate change, evolving building regulations, and trends in home renovation.

The attic and exhaust fans market size is expected to see strong growth in the next few years. It will grow to $13.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth in the forecast period can be linked to a range of factors, including rising temperatures, the implementation of energy efficiency standards, integration with smart home technology, the adoption of green building practices, the effects of urbanization and population growth, increased renovation and retrofitting activities, and a growing emphasis on health and indoor air quality. Notable trends expected in this forecast period encompass advancements in ventilation technology, quieter operation, the use of sustainable materials and manufacturing processes, and the incorporation of solar-powered fans.

The projected growth of the attic and exhaust fans market is expected to be significantly driven by the expansion of the construction industry. The construction industry represents a vital sector of the economy, encompassing activities related to planning, design, construction, maintenance, and repair of buildings, infrastructure, and industrial facilities. Attic ventilation fans play a crucial role in moderating attic temperatures and removing excess moisture, offering benefits such as reducing air-conditioning energy costs, prolonging the service life of roofing materials, and minimizing issues like ice damming. For example, data from the United States Census Bureau, a government agency based in the United States, indicates that in August 2023, the construction industry in the United States recorded an estimated seasonally adjusted annual spending rate of $1,983.5 billion. This figure represented a 0.5% increase from the revised July estimate of $1,973.7 billion. Moreover, it was 7.4% higher than the August 2022 estimate of $1,847.3 billion. This data underscores the robust growth within the construction industry, which, in turn, is a significant driver of the attic and exhaust fans market.

These fans come in two main types such as attic fans and exhaust fans. Attic fans are designed to control the temperature in a building's attic by expelling hot air. They are typically constructed using materials like metal and plastic. These fans find applications across various settings, including industrial, commercial, and residential environments.

The attic and exhaust fans market research report is one of a series of new reports that provides attic and exhaust fans market statistics, including attic and exhaust fans industry global market size, regional shares, competitors with attic and exhaust fans market share, detailed attic and exhaust fans market segments, market trends and opportunities, and any further data you may need to thrive in the attic and exhaust fans industry. This attic and exhaust fans market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The expansion of various industries worldwide has been a key contributing factor to the growth of the attic and exhaust fan market. Exhaust fans play a crucial role in these industrial settings by removing contaminants such as dust, fumes, and vapors, thereby ensuring a safe and clean work environment. For instance, in industries like steel manufacturing, exhaust fans are employed to establish a difference in air environments between indoor and outdoor spaces, facilitating the movement of air and the removal of noxious gases during the manufacturing process. Furthermore, data from the Small Business Administration, a US-based government agency, highlights that a significant majority of businesses in the United States, approximately 99.9%, are classified as small businesses. This emphasizes the widespread presence of small businesses across various sectors. Consequently, the growth in numerous industries worldwide has led to an increased demand for industrial exhaust fans, which, in turn, has had a positive influence on the market for attic and exhaust fans.

The growth of the attic and exhaust fan market is anticipated to face limitations due to the potential for exhaust fans to cause depressurization within a house. This depressurization can result in a decrease in indoor air pressure relative to the outside environment. Depressurized homes or spaces may experience a more significant temperature differential between the interior and exterior. The consequences of reduced pressure within a house include increased utility costs, diminished indoor air quality, and the possibility of moisture accumulating within the interior walls of buildings. Consequently, these factors are expected to hinder the growth of the attic and exhaust fan market.

Prominent companies in the attic and exhaust fan market are actively pursuing innovation to enhance customer satisfaction and foster loyalty. One notable innovation in this regard is the development of solar-powered attic fans, which harness solar energy for operation and are designed to regulate attic temperatures while also managing moisture. For example, in November 2022, Solar Royal LLC, a US-based manufacturer of solar energy equipment, introduced the SR1800, a premium solar-powered ventilation/attic fan. The SR1800 incorporates the latest advancements in attic ventilation solutions and is designed to mitigate high temperatures within enclosed spaces year-round. These spaces can include attics, crawl spaces, warehouses, storage areas, sheds, barns, and commercial buildings. Solar-powered attic fans like the SR1800 help improve comfort by converting passive ventilation into active ventilation, thereby reducing HVAC costs and cooling cycles. This results in energy and cost savings, demonstrating the commitment of major companies to innovate and offer cutting-edge products in the attic and exhaust fan market.

The emerging trend in the attic and exhaust fan market is the growing demand for smart attic fans. Smart attic fans are equipped with features such as built-in thermostats, humidistats, and variable speed motors, and they can be controlled using mobile applications or other smart devices. For example, the QuietCool AFG SMT-3.0 smart attic fan from Quiet Cool Colorado operates at the 3,000 CFM setting when the attic is at its hottest point, and it automatically adjusts its speed to lower settings as the attic temperature decreases. This trend reflects the increasing interest in energy-efficient and convenient solutions in the attic and exhaust fan market, allowing homeowners to effectively manage their attic ventilation for improved comfort and energy savings.

Major companies operating in the attic and exhaust fans market include Greenhack, Systemair, Twin City Fan, Howden, Soler & Palau, Attic Breeze LLC, Industrial Fans Direct, Daltec Fans, Atmox Inc., Wayne's Solar Inc., Johnson Controls, Nanfang Ventilator, Munters, Polypipe Ventilation, Greenwood Airvac

The Asia-Pacific was the largest region in the attic and exhaust fans market in 2023. Western Europe was the second largest region in the attic and exhaust fans market. The regions covered in the attic and exhaust fans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the attic and exhaust fans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The attic and exhaust fans market consists of sales of ridge vents, off ridge vents, box vents, hard-wired powered attic vents, solar powered attic vents, roof turbines, cupola vents, and soffit vents. 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.

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.


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