According to a new report published by Allied Market Research, titled, Thermo ventilators Market by Product, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global thermo ventilators market was valued at from $2,332 million in 2016, and is expected to reach $3,718 million by 2023, registering a CAGR of 7.1% from 2017 to 2023. Asia-Pacific is expected to exhibit lucrative growth opportunities, owing to the growth in commercial sector.
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The demand for global thermo ventilators industry is mainly driven by 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 thermos ventilators among the residential sector is also expected to contribute significantly to the demand for thermos ventilators during the forecast period. However, the initial investment of thermo ventilators is expected to pose a major challenge for the global market growth.
Among its application, commercial segment is expected to generate the maximum revenue in the global market during the forecast period, and is expected to account for $2,255 million until 2023. Residential sector is expected to register the fastest CAGR of 7.5% during the forecast period.
Major market players analyzed in the report:
The report includes a comprehensive study of major market players including are
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.
The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.
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Key Findings of the Thermo Ventilators Market:
- The global thermo ventilators market is expected to grow at the CAGR of 7.1% during the forecast period, thereby expanding the opportunities for the industry.
- The window mounted, among the various types of thermo ventilators market is expected to witness the highest CAGR as compared to other product types.
- North America is expected to be the highest revenue contributor in 2016.
The report provides a study of the past and current market trends and evaluates the future opportunities. The Thermo ventilators Market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.
The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.
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