The Asia Pacific Commercial Fan and Air Purification Equipment Market should witness market growth of 8.8% CAGR during the forecast period (2023-2030).
Commercial fans and air purification equipment include warm air furnace filters, air washers, industrial attic fans, electrostatic precipitation equipment, and other dust collection equipment. A group of commercial fan and air purification equipment devices was created primarily for commercial and industrial environments to enhance indoor air quality and provide proper ventilation. Commercial fans help maintain a simple and well-ventilated environment by promoting airflow and circulation.
In contrast, air purification technology uses cutting-edge filtration and purification techniques to remove pollutants, allergens, odors, and airborne contaminants from the surrounding air, resulting in a cleaner, healthier, and more breathable interior environment. These devices enhance occupant well-being, boost productivity, and create a more pleasant and conducive workplace in various commercial settings, including offices, retail spaces, healthcare facilities, and industrial buildings.
Due to growing awareness of the adverse effects of poor indoor air quality on human health, there has been a significant demand for commercial fans and air purification systems. As companies and individuals become more conscious of healthier indoor environments, there is a growing awareness of the need to invest in air purification equipment.
In Asia Pacific, regional industrialization and urbanization rates are rising, which has expanded the demand for industrial dust collectors. Additionally, as per the World Bank, India will need to invest about $840 billion to develop urban infrastructure in the next 15 years to sufficiently meet the requirements of its rapidly expanding urban population. The World Bank estimates that by 2036, urban regions will be home to 60% of the nation’s population or approximately 600 million people. Because of this, the government will have to spend a lot of money on constructing the many amenities needed to support urban residents’ livelihoods. In Asia Pacific, a wide range of industries employs such products. Therefore, as the density of industries increases in the region, it will create more growth prospects for the market.
The China market dominated the Asia Pacific Commercial Fan and Air Purification Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,038.4 million by 2030. The Japan market is registering a CAGR of 8.1% during (2023-2030). Additionally, The India market would showcase a CAGR of 9.5% during (2023-2030).
Based on Equipment Type, the market is segmented into Air Purification Equipment, Attic & Exhaust Fan, and Others. Based on Power Range Type, the market is segmented into 200 - 400 Square Ft, Less Than 200 Square Ft and More Than 400 Square Ft. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Regal Rexnord Corporation, Panasonic Corporation, 3M Company, Daikin Industries Ltd., Hitachi, Ltd., Carrier Global Corporation, SPX Flow, Inc., Honeywell International Inc., Sharp Corporation and Illinois Tool Works Inc.
Commercial fans and air purification equipment include warm air furnace filters, air washers, industrial attic fans, electrostatic precipitation equipment, and other dust collection equipment. A group of commercial fan and air purification equipment devices was created primarily for commercial and industrial environments to enhance indoor air quality and provide proper ventilation. Commercial fans help maintain a simple and well-ventilated environment by promoting airflow and circulation.
In contrast, air purification technology uses cutting-edge filtration and purification techniques to remove pollutants, allergens, odors, and airborne contaminants from the surrounding air, resulting in a cleaner, healthier, and more breathable interior environment. These devices enhance occupant well-being, boost productivity, and create a more pleasant and conducive workplace in various commercial settings, including offices, retail spaces, healthcare facilities, and industrial buildings.
Due to growing awareness of the adverse effects of poor indoor air quality on human health, there has been a significant demand for commercial fans and air purification systems. As companies and individuals become more conscious of healthier indoor environments, there is a growing awareness of the need to invest in air purification equipment.
In Asia Pacific, regional industrialization and urbanization rates are rising, which has expanded the demand for industrial dust collectors. Additionally, as per the World Bank, India will need to invest about $840 billion to develop urban infrastructure in the next 15 years to sufficiently meet the requirements of its rapidly expanding urban population. The World Bank estimates that by 2036, urban regions will be home to 60% of the nation’s population or approximately 600 million people. Because of this, the government will have to spend a lot of money on constructing the many amenities needed to support urban residents’ livelihoods. In Asia Pacific, a wide range of industries employs such products. Therefore, as the density of industries increases in the region, it will create more growth prospects for the market.
The China market dominated the Asia Pacific Commercial Fan and Air Purification Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,038.4 million by 2030. The Japan market is registering a CAGR of 8.1% during (2023-2030). Additionally, The India market would showcase a CAGR of 9.5% during (2023-2030).
Based on Equipment Type, the market is segmented into Air Purification Equipment, Attic & Exhaust Fan, and Others. Based on Power Range Type, the market is segmented into 200 - 400 Square Ft, Less Than 200 Square Ft and More Than 400 Square Ft. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Regal Rexnord Corporation, Panasonic Corporation, 3M Company, Daikin Industries Ltd., Hitachi, Ltd., Carrier Global Corporation, SPX Flow, Inc., Honeywell International Inc., Sharp Corporation and Illinois Tool Works Inc.
Scope of the Study
By Equipment Type
- Air Purification Equipment
- Attic & Exhaust Fan
- Others
By Power Range Type
- 200 - 400 Square Ft
- Less Than 200 Square Ft
- More Than 400 Square Ft
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Regal Rexnord Corporation
- Panasonic Corporation
- 3M Company
- Daikin Industries Ltd.
- Hitachi, Ltd.
- Carrier Global Corporation
- SPX Flow, Inc.
- Honeywell International Inc.
- Sharp Corporation
- Illinois Tool Works Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Commercial Fan and Air Purification Equipment Market by Equipment Type
Chapter 6. Asia Pacific Commercial Fan and Air Purification Equipment Market by Power Range Type
Chapter 7. Asia Pacific Commercial Fan and Air Purification Equipment Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Regal Rexnord Corporation
- Panasonic Corporation
- 3M Company
- Daikin Industries Ltd.
- Hitachi, Ltd.
- Carrier Global Corporation
- SPX Flow, Inc.
- Honeywell International Inc.
- Sharp Corporation
- Illinois Tool Works Inc.
Methodology
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