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

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    Report

  • 300 Pages
  • June 2023
  • Region: Global
  • Allied Market Research
  • ID: 5879173
UP TO OFF until Jan 30th 2025
The global commercial fan and air purification equipment market is anticipated to reach $161.94 Billion by 2032, growing from $71.06 Billion in 2022 at a CAGR of 8.9% from 2023 to 2032.

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

 

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Table of Contents

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
List of Tables
TABLE 01. GLOBAL COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 02. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR AIR PURIFICATION EQUIPMENT, BY REGION, 2022-2032 ($MILLION)
TABLE 03. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR ATTIC AND EXHAUST FAN, BY REGION, 2022-2032 ($MILLION)
TABLE 04. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR OTHERS, BY REGION, 2022-2032 ($MILLION)
TABLE 05. GLOBAL COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 06. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR LESS THAN 200 SQUARE FT, BY REGION, 2022-2032 ($MILLION)
TABLE 07. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR 200 - 400 SQUARE FT, BY REGION, 2022-2032 ($MILLION)
TABLE 08. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR MORE THAN 400 SQUARE FT, BY REGION, 2022-2032 ($MILLION)
TABLE 09. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY REGION, 2022-2032 ($MILLION)
TABLE 10. NORTH AMERICA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 11. NORTH AMERICA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 12. NORTH AMERICA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 13. U.S. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 14. U.S. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 15. CANADA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 16. CANADA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 17. MEXICO COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 18. MEXICO COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 19. EUROPE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 20. EUROPE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 21. EUROPE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 22. GERMANY COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 23. GERMANY COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 24. UK COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 25. UK COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 26. FRANCE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 27. FRANCE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 28. SPAIN COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 29. SPAIN COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 30. ITALY COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 31. ITALY COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 32. REST OF EUROPE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 33. REST OF EUROPE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 34. ASIA-PACIFIC COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 35. ASIA-PACIFIC COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 36. ASIA-PACIFIC COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 37. CHINA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 38. CHINA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 39. JAPAN COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 40. JAPAN COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 41. INDIA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 42. INDIA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 43. SOUTH KOREA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 44. SOUTH KOREA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 45. AUSTRALIA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 46. AUSTRALIA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 47. REST OF ASIA-PACIFIC COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 48. REST OF ASIA-PACIFIC COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 49. LAMEA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 50. LAMEA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 51. LAMEA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY COUNTRY, 2022-2032 ($MILLION)
TABLE 52. BRAZIL COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 53. BRAZIL COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 54. SAUDI ARABIA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 55. SAUDI ARABIA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 56. UNITED ARAB EMIRATES COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 57. UNITED ARAB EMIRATES COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 58. SOUTH AFRICA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 59. SOUTH AFRICA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 60. REST OF LAMEA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022-2032 ($MILLION)
TABLE 61. REST OF LAMEA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022-2032 ($MILLION)
TABLE 62. HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 63. HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 64. PANASONIC CORPORATION: KEY EXECUTIVES
TABLE 65. PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 66. CARRIER CORPORATION: KEY EXECUTIVES
TABLE 67. CARRIER CORPORATION: COMPANY SNAPSHOT
TABLE 68. HITACHI LTD.: KEY EXECUTIVES
TABLE 69. HITACHI LTD.: COMPANY SNAPSHOT
TABLE 70. SHARP CORPORATION.: KEY EXECUTIVES
TABLE 71. SHARP CORPORATION.: COMPANY SNAPSHOT
TABLE 72. 3M COMPANY: KEY EXECUTIVES
TABLE 73. 3M COMPANY: COMPANY SNAPSHOT
TABLE 74. REGAL BELOIT CORPORATION: KEY EXECUTIVES
TABLE 75. REGAL BELOIT CORPORATION: COMPANY SNAPSHOT
TABLE 76. DAIKIN INDUSTRIES LTD.: KEY EXECUTIVES
TABLE 77. DAIKIN INDUSTRIES LTD.: COMPANY SNAPSHOT
TABLE 78. ILLINOIS TOOL WORKS INC.: KEY EXECUTIVES
TABLE 79. ILLINOIS TOOL WORKS INC.: COMPANY SNAPSHOT
TABLE 80. SPX FLOW INC: KEY EXECUTIVES
TABLE 81. SPX FLOW INC: COMPANY SNAPSHOT
List of Figures
FIGURE 01. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032
FIGURE 02. SEGMENTATION OF COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032
FIGURE 03. TOP INVESTMENT POCKETS IN COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET (2023-2032)
FIGURE 04. PORTER FIVE-1
FIGURE 05. PORTER FIVE-2
FIGURE 06. PORTER FIVE-3
FIGURE 07. PORTER FIVE-4
FIGURE 08. PORTER FIVE-5
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALCOMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET
FIGURE 10. IMPACT OF KEY REGULATION: COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET
FIGURE 11. MARKET SHARE ANALYSIS: COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET
FIGURE 12. PATENT ANALYSIS BY COMPANY
FIGURE 13. PATENT ANALYSIS BY COUNTRY
FIGURE 14. REGULATORY GUIDELINES: COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET
FIGURE 16. VALUE CHAIN ANALYSIS: COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET
FIGURE 17. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR AIR PURIFICATION EQUIPMENT, BY COUNTRY 2022 AND 2032(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR ATTIC AND EXHAUST FAN, BY COUNTRY 2022 AND 2032(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR OTHERS, BY COUNTRY 2022 AND 2032(%)
FIGURE 21. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, BY POWER RANGE TYPE, 2022(%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR LESS THAN 200 SQUARE FT, BY COUNTRY 2022 AND 2032(%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR 200 - 400 SQUARE FT, BY COUNTRY 2022 AND 2032(%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET FOR MORE THAN 400 SQUARE FT, BY COUNTRY 2022 AND 2032(%)
FIGURE 25. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET BY REGION, 2022
FIGURE 26. U.S. COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 27. CANADA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 28. MEXICO COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 29. GERMANY COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 30. UK COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 31. FRANCE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 32. SPAIN COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 33. ITALY COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 34. REST OF EUROPE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 35. CHINA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 36. JAPAN COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 37. INDIA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 38. SOUTH KOREA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 39. AUSTRALIA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 40. REST OF ASIA-PACIFIC COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 41. BRAZIL COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 42. SAUDI ARABIA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 43. UNITED ARAB EMIRATES COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 44. SOUTH AFRICA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 45. REST OF LAMEA COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET, 2022-2032 ($MILLION)
FIGURE 46. TOP WINNING STRATEGIES, BY YEAR
FIGURE 47. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 48. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 49. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 50. COMPETITIVE DASHBOARD
FIGURE 51. COMPETITIVE HEATMAP: COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MARKET
FIGURE 52. TOP PLAYER POSITIONING, 2022

Executive Summary

According to a new report, 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 refer to a range of devices and systems specifically designed for improving indoor air quality and providing effective ventilation in commercial settings. These products include commercial-grade fans, air purifiers, HVAC systems, filters, and related equipment, which help remove airborne contaminants, regulate temperature, and maintain a healthy and comfortable environment for occupants in various commercial spaces.

The commercial fan and air purification equipment market is driven by the increasing emphasis on improved indoor air quality and comfortable working environments in commercial spaces. The rising awareness of the detrimental effects of poor indoor air quality on health is a significant driver for the demand of the commercial fan and air purification equipment. As businesses and individuals become more conscious of the need for healthier indoor environments, there is a growing recognition of the importance of investing in air purification systems. Poor indoor air quality can lead to various health issues such as allergies, respiratory problems, and reduced productivity. This has prompted businesses to prioritize the improvement of air quality to safeguard the well-being of occupants. In addition, the demand for commercial fan and air purification equipment has increased as businesses aim to create healthier and safer indoor spaces for their employees and customers. The awareness of the impact of poor indoor air quality on health has accelerated the adoption of the air purification equipment and positioned them as essential components of building infrastructure. Increasing awareness and concern for indoor air quality is expected to boost the growth of the commercial fan and air purification equipment market in the upcoming years.

The high adoption and maintenance costs of commercial fan and air purification equipment is expected to hamper the market growth. Air purifiers are often considered premium products due to their expensive initial purchase costs, both in developed and developing countries. In addition, the maintenance costs associated with these devices can be significant, as filters typically need to be replaced two or three times a year. Some air purifiers even require multiple filters, further adding to the maintenance expenses. These high adoption and maintenance costs can create a barrier for some consumers and businesses, deterring them from investing in commercial fan and air purification equipment. All these factors are projected to restrict the market growth during the forecast period.

The commercial fan and air purification equipment market is being driven by advancements in filtration technologies, promoting innovation in the industry. Manufacturers are continuously developing filters with higher efficiency and enhanced capabilities for removing a wide range of pollutants. This includes the utilization of High-Efficiency Particulate Air (HEPA) filters, activated carbon filters, electrostatic precipitators, and UV-C germicidal irradiation systems. These advancements enable businesses to provide more effective solutions for improving indoor air quality. Moreover, to expand their manufacturing capacities and gain access to new markets, many companies in the commercial fan and air purification equipment market are pursuing strategies such as mergers and acquisitions. Large primary manufacturers are establishing joint ventures or acquiring small or mid-sized businesses to acquire new capabilities and broaden their product offerings. For example, in August 2019, Systemair AB, Systemair AB, Swedish ventilation equipment manufacturer, acquired the Australian company Pacific HVAC Engineering’s ventilation part for an undisclosed amount. This acquisition enhanced the market position in Australia and New Zealand and good growth for Systemair’s product range, primarily from the factories in India and Malaysia.

The commercial fan and air purification equipment market share is segmented on the basis of equipment type, power range type, and region. By equipment type, it is classified into air purification equipment, attic and exhaust fan, and others. By power range type, it is classified into less than 200 square ft, 200 - 400 square ft, and more than 400 square ft. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the commercial fan and air purification equipment market 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 report offers a comprehensive analysis of the global commercial fan and air purification equipment market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of COVID-19 on the Global Commercial Fan and Air Purification Equipment Industry

Increasing health and safety regulations, particularly in response to the COVID-19 pandemic, is expected to drive the demand for commercial fan and air purification equipment in the post-pandemic period. Businesses are investing in equipment that complies with regulatory requirements and provides a safe and healthy indoor environment for employees, customers, and visitors.

The COVID-19 pandemic accelerated the adoption of advanced technologies in commercial fan and air purification equipment. Manufacturers are incorporating smart features, IoT integration, and touchless controls to enhance the functionality, efficiency, and user experience of these products. The integration of these advanced technologies is expected to drive market growth in the pandemic recovery phase.

The pandemic disrupted global supply chains, causing manufacturing and logistics challenges for commercial fan and air purification equipment manufacturers. Lockdowns, travel restrictions, and labor shortages hindered production and delayed deliveries. This, in turn, affected the availability of these products in the market..

Key Findings of the Study

  • Based on equipment type, the air purification equipment sub-segment emerged as the global leader in 2022 and is anticipated to be the fastest growing during the forecast period.
  • Based on power range type, the 200 - 400 square ft sub-segment emerged as the global leader in 2022 and the less than 200 square ft sub-segment is predicted to show the fastest growth in the upcoming years.
  • Based on region, Asia-Pacific registered the highest market share in 2022 and North America is predicted to show the fastest growth in the upcoming years.

Companies Mentioned

  • 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

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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