Europe Commercial Fan and Air Purification Equipment Market Size, Share & Industry Trends Analysis Report By Equipment Type (Air Purification Equipment, Attic & Exhaust Fan, and Others), By Power Range Type, By Country and Growth Forecast, 2023 - 2030
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Market Report Description
The Europe Commercial Fan and Air Purification Equipment Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030).
The demand for inventive air purification equipment is driven by the emphasis on providing employees, customers, and visitors with a hygienic environment. Businesses are actively looking for effective and trustworthy solutions to improve the air quality in their commercial spaces. In order to improve indoor air quality and ventilation systems, governments and regulatory bodies are enforcing strict rules and requirements.
To comply with these regulations, the installation of cutting-edge and efficient fan and air purification equipment is necessary. As a result, producers and suppliers that can provide services that satisfy these regulations will have a large market potential. Moreover, technological innovations such as smart controls, IoT connectivity, and sensor-based systems have changed the market.
Commercial users find these developments appealing because they offer improved functionality, real-time monitoring, and remote-control capabilities. Businesses are becoming more interested in using these cutting-edge technologies to boost operational effectiveness, personalize indoor environments, and guarantee optimal indoor air quality.
Asthma is one of the most common chronic disorders in Germany, affecting 10% of children and 4-5% of adults. In 2019, 3.4 million patients received at least two prescriptions for respiratory medications, and 24 million patients receiving maintenance treatment for respiratory conditions had asthma. The NVL/GINA step 4 or step 5 treated 625,000 asthma patients. Long-term respiratory conditions like asthma can harm a patient's quality of life (QoL) in terms of their health and carry a heavy social and economic burden on them. Asthma affects roughly 2 million individuals in Spain and 400 million people globally. Its prevalence has grown recently, particularly among young people. With rise in asthma cases in Europe region, the market is anticipated to grow.
The Germany market dominated the Europe Commercial Fan and Air Purification Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,231.8 million by 2030. The UK market is exhibiting a CAGR of 7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.7% during (2023 - 2030).
Based on Equipment Type, the market is segmented into Air Purification Equipment, Attic & Exhaust Fan, and Others. Based on Power Range Type, the market is segmented into 200 - 400 Square Ft, Less Than 200 Square Ft and More Than 400 Square Ft. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Regal Rexnord Corporation, Panasonic Corporation, 3M Company, Daikin Industries Ltd., Hitachi, Ltd., Carrier Global Corporation, SPX Flow, Inc., Honeywell International Inc., Sharp Corporation and Illinois Tool Works Inc.
Scope of the Study
Market Segments Covered in the Report:
By Equipment Type
- Air Purification Equipment
- Attic & Exhaust Fan
By Power Range Type
- 200 - 400 Square Ft
- Less Than 200 Square Ft
- More Than 400 Square Ft
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Regal Rexnord Corporation
- Panasonic Corporation
- 3M Company
- Daikin Industries Ltd.
- Hitachi, Ltd.
- Carrier Global Corporation
- SPX Flow, Inc.
- Honeywell International Inc.
- Sharp Corporation
- Illinois Tool Works Inc.
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