What's New for 2022?

» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year

Global Residential Ventilation Fans Market to Reach $1.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Residential Ventilation Fans estimated at US$965 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027. Axial Fans, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$594.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Centrifugal Fans segment is readjusted to a revised 3.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $264.8 Million, While China is Forecast to Grow at 6.3% CAGR
The Residential Ventilation Fans market in the U.S. is estimated at US$264.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$242.7 Million by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$158.8 Million by the year 2027.



In-Line Fans Segment to Record 2.9% CAGR
In the global In-Line Fans segment, USA, Canada, Japan, China and Europe will drive the 2.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$176 Million in the year 2020 will reach a projected size of US$212.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.1% CAGR through the analysis period.