Commercial fan & air purification equipment industry comprises of the sales of commercial fan and air purification equipment & related services by numerous entities that produce a variety of industrial & commercial fan and air purification equipment including electrostatic precipitation equipment, air washers, industrial dust & fume collection equipment, warm air furnace filters, and other dust collection equipment, attic fans and industrial & commercial fans and blowers, for instance commercial exhaust fans & commercial ventilating fans.
As per analysis, “Commercial Fan And Air Purification Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global commercial fan and air purification market include Panasonic Corporation; Sharp Corporation; Daikin Industries; Philips Electronics N V; Honeywell International and among others. The focus area for many manufacturers in the commercial fan & air purification equipment market has shifted to increasing the mergers & acquisitions to acquire more production capabilities. Large prime manufacturers are forming the joint ventures or buying small & midsized companies to obtain new capabilities or gain access to modern markets. Apart from this, theses leading manufacturers are increasingly producing various energy-efficient products to reduce their environmental footprint and enable the energy savings for clients. Rise of energy-efficient appliances can be attributed to the strict government regulations on the electric appliances & advances in technology. These energy-efficient appliances are designed to exploit the minimum energy to complete the requisite task. This results in considerable cost savings for consumers.
Based on type, commercial fan and air purification market is segmented as attic & exhaust fans, air purification equipment and others. Based on capacity type, market is segregated as small capacity, medium capacity and large capacity. Ina addition, based on technology type, market is segregated as activated carbon, High Efficiency Particulate Absorption/Absorber (HEPA), Ultra Violet (UV) light air purifier, electrostatic precipitator, ionic air purifier and others. HEPA filters are very efficient in trapping the airborne particles such as pollen, smoke, dust, and bio-contaminants.
The commercial fan and air purification market is driven by increase in concerns of workers on poor quality of air at work places, followed by growth in technological advances. Additionally, Covid-19 impact, changing climate conditions, and stringent regulation on industrial & commercial sector air pollution are estimated to drive the market. However, increase in environmental concerns and counterfeit products may impact the market. Moreover, growth in popularity of smart air purifiers is a key trend for market. These smart air purifiers are specific devices which are connected to various other devices via the internet, and other technologies like near field communication (NFC), Bluetooth and Wi-Fi.
Based on geography, the Asia-Pacific is a leading region in global commercial fan and air purification market because of rapid urbanization & industrialization, rise in smog & air pollution cases and growth in population with increased disposable income across the region. The North-America and Europe regions are estimated to witness higher growth rate due to growth in installation of comprehensive ambient air quality monitoring systems over the forecast period. It is estimated that future of the global commercial fan and air purification market will be bright as a result of rise in awareness about health hazards & diseases caused owing to exposure to harmful particulates at workplaces or homes during the forecast period.
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Ankur Gupta, Head Marketing & Communications