Thermo ventilators are electrical appliances that combine the functions of automatic ventilation and air circulation. These ventilators save potential energy especially in commercial premises.
The global thermo ventilators market is estimated to account for a market revenue of $2,332 million in 2016, and is expected to reach to $3,718 million in 2023, thereby registering a growth of 7.1% over the forecast period of 2017-2023. Thermo ventilation is referred to an automatic adjustment of ventilators as per the users’ preferences.
Besides, energy efficiency, thermo ventilators also provide maximum comfort to the building occupants through demand controlled cooling and heating regulations. Various high occupancy premises such as hotel rooms, restaurants, entertainment complexes, schools, and office buildings contribute to the maximum traction of the global thermo ventilators market.
The major factors driving the global thermo ventilators market include its ability to automatically adjust the ventilation system as per the occupants thereby making it energy efficient and its increasing application in commercial sector. Moreover, growth in awareness about thermo ventilators among the residential sector is also expected to contribute significantly to the growth in demand for thermo ventilators market during the forecast period.
However, the initial installment cost of thermo ventilators is expected to pose a major challenge for the growth of the global market.
The thermo ventilators market is segmented on the basis of type, end-user industry, and geography. On the basis of type, the thermo ventilators market is classified into ceiling mounted, wall mounted, and window mounted.
Based on the end-user industry, thermo ventilators market is divided into commercial and residential. By geography, the thermo ventilators market is analyzed across four regions including North America, Asia-Pacific, Europe, and LAMEA.
The key players operating in the global thermo ventilators market are Panasonic, Whirlpool, Lennox International Inc., Vaisala, Mistubishi Electric, Honeywell International Inc., Aereco, Swegon Group AB, Siemens, and Sauter Controls GmbH.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global thermo ventilators market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities is provided.
- Porter’s Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
- The quantitative analysis from 2017 to 2023 is provided to determine the thermo ventilators market potential.
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