Commercial fans are machines whose main function is to provide & accommodate a huge flow of air to various parts of a building or other structures. Air purification is a noiseless device or product which removes contaminants or pollutants from the air in a room. Air purification is used to expel or control the air contaminants, to give clean air in a room and polluting influences from the air or as per the requirements of the end users. It requires less provision & servicing. It is used on large basis in industries, residential sectors and commercial areas due to the great benefits of expulsion of hazardous pollutants, impurities and supplying clean air.
According to study, “Commercial Fan And Air Purification Equipment Manufacturing Global Market Report 2019” the key companies operating in the global commercial fan and air purification equipment manufacturing market are Sharp Corporation, Daikin Industries Ltd., Panasonic Corporation, Philips Electronics N V, Honeywell International Inc., Electrocorp, SPX Flow, 3M Company, LG Electronics, Mann+Hummel GmbH, Parker Hannifin Corporation (Clarcor Inc.), Fumex Inc., 3nine AB, Eureka Forbes, Camfil Air Pollution Control (APC), Air Products and Chemicals, Inc., Whirlpool Corporation, Nederman, Keller Lufttechnik GmbH + Co. KG, AFS Air Filter Systeme GmbH, Alfa Laval AB, LTA Industrial Air Cleaning, Absolent AB, Clean Teq Holdings Limited. The Key companies are emphasizing on strengthening their regional occurrence by collaborating with other players offering similar products or services to expand their market presence and accomplish a competitive advantage over peers.
Based on impurity type, global commercial fan and air purification equipment manufacturing market is segmented into oil & mist, fume extraction, smoke collector, dust collector and others (pollen grains). Based on technology type, market is segmented into High Efficiency Particulate Absorption/Absorber (HEPA), activated carbon, electrostatic precipitator, Ultra Violet (UV) light air purifier, ionic air purifier and others (kitchen ventilation systems etc.). Based on product type, market is segmented into attic & exhaust fans, air purification equipment and others. Based on devices type, market is segmented into oil mist collectors, dust collectors, Cartridge Collectors & Filters (CC & F), welding fume extractors, bag-house filters, wet scrubbers and dry scrubbers. In addition, based on end-use, market is segmented into metals, pharmaceuticals, food, cement, agriculture, power, paper or pulp & woodworking and plastic etc.
The commercial fan and air purification equipment manufacturing market is driven by increase in infrastructure & industrial activities, followed by rise in awareness related to adverse effects of poor Indoor air quality (IAQ), exploration of shale oil, increase in need to achieve energy efficiency, rise in technological advancements, stringent government regulations and rapid urbanization & population growth. However, unstable metal prices and regulations surrounding carbon emissions may impact the market. Moreover, increase in integrating Internet of Things (IOT) technology because of rise in demand for real time insights is a key trend for market.
Based on geography, the Asian-Pacific region holds largest share in commercial fan and air purification equipment manufacturing market owing to low labor & infrastructure costs in the region. Western-European region is expected to witness higher growth rate due to presence of several small-scale businesses over the forecast period. In upcoming years, it is estimated that the market will be reached at a fast pace on account of increase in per capita income and rapid industrialization.
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Ankur Gupta, Head Marketing & Communications