Ventilation System Global Market Report 2023 – By Product (Axial and Centrifugal Fans, Heat Recovery Systems, Other Products), By Type (Wall-Mount Type, Ceiling-Mount Type, Cabinet-Mount Type), By Application (Residential, Non-Residential) – Market Size, Trends, And Global Forecast 2023-2032

The ventilation, heating, air-conditioning, and commercial refrigeration equipment refers to equipment used for ventilating, heating, and cooling of commercial buildings. This equipment includes both a central heating unit and a central cooling system. This equipment is used to operate complex environmental systems efficiently. The main types of ventilation, heating, air-conditioning, and commercial refrigeration equipment are HVAC and commercial and industrial refrigeration equipment, commercial fan, and air purification equipment, and heating equipment (except warm air furnaces). The commercial fan and air purification equipment refer to the equipment that is used for the purification of air. The various cAsia-Pacificity includes small, medium, and large. The various end-users are residential, commercial, and industrial. The global ventilation, heating, air-conditioning, and commercial refrigeration equipment market is segmented - 1) By Type: HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces) 2) By Capacity: Small, Medium, Large 3) By End-Use: Residential, Commercial, Industrial Subsegments Covered: HVAC Equipment, Commercial And Industrial Refrigeration Equipment, Polystyrene Foam Products, Urethane And Other Foam Product, Air Purification Equipment, Attic And Exhaust fans, Other Commercial Fan And Air Purification Equipment, Heating Boilers, Heating Stoves, Floor And Wall Furnaces, Other Heating Equipment (except Warm Air Furnaces) The global ventilation, heating, air-conditioning, and commercial refrigeration equipment market size grew from $557.38 billion in 2022 to $591.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ventilation, heating, air-conditioning, and commercial refrigeration equipment market is expected to grow to $729.35 billion in 2027 at a CAGR of 5.4%. The ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. Major companies in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market include Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Hitachi Ltd., Ingersoll-Rand Plc, Honeywell International Inc., Carrier Corporation, Danfoss GmbH, Atlas Copco AB, and Panasonic Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Geothermal heating and cooling technology are becoming popular because of the surge in demand for energy-efficient HVAC systems. Geothermal HVAC absorbs heat from the facility and transfers it underground and it uses cool water from the ground to create cool air conditioning in the facility. It consists of an indoor handling unit and a system of pipes underground which requires very low maintenance and lasts longer than traditional HVAC systems. Geothermal heating and cooling systems are now installed in about 50,000 US houses each year, according to the US Department of Energy. The Asia-Pacific was the largest region in The ventilation, heating, air-conditioning, and commercial refrigeration equipment market share in 2022. North America was the second-largest region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market. The regions covered in the ventilation, heating, air-conditioning, and commercial refrigeration equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The ventilation, heating, air-conditioning, and commercial refrigeration equipment market consists of sales of ventilation, heating, air-conditioning, and commercial refrigeration equipment, including heating equipment (except warm air furnaces), air-conditioning, and warm air heating equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ventilation, heating, air-conditioning, and commercial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides ventilation, heating, air-conditioning, and commercial refrigeration equipment market statistics, including ventilation, heating, air-conditioning, and commercial refrigeration equipment industry global market size, regional shares, competitors with ventilation, heating, air-conditioning, and commercial refrigeration equipment market share, detailed ventilation, heating, air-conditioning, and commercial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the ventilation, heating, air-conditioning, and commercial refrigeration equipment industry. This ventilation, heating, air-conditioning, and commercial refrigeration equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Dehumidifiers are electrical appliances used to reduce and maintain the level of humidity in the air, usually for health or comfort reasons. It also eliminates a musty odour and prevents the growth of mildew by extracting water from the air. Only goods and services traded between entities or sold to end consumers are included. The main product types of dehumidifiers are chemical absorbents, heat pumps, and ventilating dehumidifiers. A heat pump refers to a heat engine running in the reverse direction. The dehumidifier technologies included are cold condensation, sorption, warm condensation, and other technologies. The various applications involved are commercial, industrial, and residential. The global dehumidifiers market is segmented - 1) By Product Type: Chemical Absorbent, Heat Pump, Ventilating Dehumidifier 2) By Dehumidifier Technology: Cold Condensation, Sorption, Warm Condensation, Other Dehumidifier Technologies 3) By Application: Commercial, Industrial, Residential The global dehumidifiers market size will grow from $4.15 billion in 2022 to $4.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global dehumidifiers is expected to grow to $5.64 billion in 2027 at a CAGR of 6.3%. The rise in disposable income contributed to the growth of the dehumidifiers market. An increase in disposable income means households have more money to spend and this leads to an increase in the purchase of products, especially those that benefit health. According to the Organization for Economic Co-operation and Development (OECD), the average household net adjusted disposable income per capita across OECD countries is $30,563 per year. The average US household net adjusted disposable income per capita increased to $68,703 in 2019. The rise in disposable income boosted demand for consumer spending, and this, in turn, drove the market for dehumidifiers market during the period. Major players in the dehumidifiers market are DeLonghi Appliances S.r.l., Electrolux, General Filters, Honeywell International, Whirlpool Corporation, Therma-Stor, LG Electronics, Sunpentown International, Haier, and Munters Group. The high energy consumption by the dehumidifier is expected to limit the growth of the dehumidifier market. High energy consumption will result in high electricity bills. For instance, a 70-pint model could cause $120 a year using a dehumidifier for just 8 hours per day. So, on average it costs around $10 per month to use a dehumidifier. Therefore, the dehumidifier has an additional energy expense, and mostly it is expensive for people whose income ranges from low-level income to mid-level income. So, it is expected to have a negative impact on the dehumidifiers market. Dehumidifier manufacturers are increasingly using Climatix in the device which is likely to be an emerging trend in the dehumidifiers market. Climatic is a solution that uses technology to enable cost-effective and efficient control of heating, ventilation, and air conditioning equipment (HVAC). It is designed for heating or cooling application and seamlessly integrates into a building automation system. For instance, Munters uses Climatix for the efficient performance of their dehumidifiers. In October 2020, Dantherm Group, a Denmark-based company that engineers, produces, and sells products and solutions designed to heat, cool, dry, ventilate, or purify the air acquired Heylo GmbH for an undisclosed amount. Through this acquisition, Heylo operates in the market as a brand of the Dantherm Group, utilizing the market and product strengths of each other to continue delivering quality market-leading products to Dantherm customers and partners. Heylo is a Germany-based manufacturer of portable heating, dehumidification, and air-cleaning products. Asia-Pacific was the largest region in the dehumidifiers market in 2022. North America was the second largest region in the dehumidifiers market report. The regions covered in the dehumidifiers analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the dehumidifiers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The dehumidifiers market consists of sales of refrigerant, desiccant, and whole house units. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The dehumidifiers market research report is one of a series of new reports from The Business Research Company that provides dehumidifiers market statistics, including dehumidifiers industry global market size, regional shares, competitors with a dehumidifiers market share, detailed dehumidifiers market segments, market trends and opportunities, and any further data you may need to thrive in the dehumidifiers industry. This dehumidifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Humidifying equipment is a device that is used to maintain the humidity of a room to ensure there is enough moisture. It is used to increase the humidity of the air. The main types of humidifying equipment are warm-mist humidifiers, cool-mist humidifiers, ultrasonic humidifiers, and evaporative humidifiers. The warm-mist humidifier in humidifying equipment market refers to the humidifiers that are designed to create and distribute warm and moist air. These are applicable in commercial, industrial, and residential. The various distribution channels include multi-brand stores, exclusive stores, online, and other distribution channels. The global humidifying equipment market is segmented - 1) By Type: Warm-Mist Humidifier, Cool-Mist Humidifier, Ultrasonic Humidifier, Evaporative Humidifier 2) By Application: Commercial, Industrial, Residential 3) By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online, Other Distribution Channels The global humidifying equipment market size will grow from $4.54 billion in 2022 to $4.57 billion in 2023 at a compound annual growth rate (CAGR) of 0.7% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global humidifying equipment market is expected to grow to $4.9 billion in 2027 at a CAGR of 1.8% . An increase in the prevalence of diseases such as asthma, sinusitis, and other allergies attributed to dry air has created awareness among customers to maintain specific humidity in the air by using humidifying equipment. For instance, according to the world health organization, asthma report 2021, the number of people affected by asthma was 262 million people in 2019 and the deaths are 461000 deaths. Humidifying equipment releases steam or water vapor into the air to increase humidity and help individuals avoid issues faced with dry air. Hence, the increasing prevalence of diseases such as asthma, sinusitis, and other allergies to dry air is projected to generate higher demand for humidifying equipment. Major players in the humidifying equipment market are Armstrong International, BoneCo., Carel Industries, Crane, Condair Group, Honeywell International, Dristeem, Koninklijke Philips N.V, Dyson Ltd., and Winix Inc . The high cost of installation and maintenance of humidifying equipment is a major factor restraining the growth of the global humidifying equipment market. Central humidifier work by increasing the relative humidity consistently and come in several different sizes, types, and installation style that impacts the overall cost. For instance, the average cost of installing a central humidifier is between $600 and $1,000. The minimum cost for installing a basic humidifier is around $487, while the maximum cost is around $1,532 for a steam humidifier. Therefore, the high cost of installation and maintenance of humidifying equipment is predicted to restrain the market growth. Major players operating in the market are focusing on developing new innovative products to attract a large customer base and maintain their position in the competitive business environment. The humidifying equipment manufacturing companies are incorporating advanced technologies to introduce innovative portable smart products. For instance, in July 2019, Xiaomi launched a new portable MIJIA Smart Sterilization Humidifier with UV-C water sterilization and smart humidifiers for offices and homes. It has a smart constant humidity function that monitors indoor humidity in real-time. In July 2021, Medline, a US-based biomedical company acquired Hudson RCI for an undisclosed amount. With this acquisition, Medline will extend its respiratory solutions portfolio and provide a wide range of offerings to patients. The Hudson RCI is a company manufacturing humidifiers based in Sweden. The Asia-Pacific was the largest region in the humidifying equipment market in 2022. North America was the second largest region in the global humidifying equipment market share. The regions covered in the global humidifying equipment market report analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the humidifying equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The humidifying equipment market consists of sales of vents, drainers, regulators, and gas-fired heater. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The humidifying equipment market research report is one of a series of new reports from The Business Research Company that provides humidifying equipment market statistics, including humidifying equipment industry global market size, regional shares, competitors with a humidifying equipment market share, detailed humidifying equipment market segments, market trends and opportunities, and any further data you may need to thrive in the humidifying equipment industry. This humidifying equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The air humidifiers refer to a device which raises humidity (moisture) levels in a single room or a whole building. Point-of-use humidifiers are typically used in the home to humidify a single room, whereas whole-house or furnace humidifiers that are connected to a home's HVAC system, supply humidity to the entire house. Humidifiers add moisture to the air, which can benefit people with respiratory symptoms or dry skin. The main types of air humidifier products include portable humidifiers and whole-house humidifiers. Portable humidifiers refer to stand-alone devices that add moisture to the air of the room in which they are placed. Vaporizers, ultrasonic humidifiers, and evaporative humidifiers are among the various varieties of portable humidifiers, and each uses a different technology to add moisture to the air supply. The air humidifier are used in commercial, industrial, and residential setting and distributed through online and offline distribution channels. The global air humidifiers market is segmented – 1) By Product: Portable Humidifier, Whole House Humidifier 2) By Distribution Channel: Online, Offline 3) By Application: Commercial, Industrial, Residential The global air humidifiers market size grew from $3.23 billion in 2022 to $3.51 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global air humidifiers is expected to grow to $4.44 billion in 2027 at a CAGR of 6.0%. Rising health awareness among consumers across the globe is driving the growth of the air humidifiers market. The population's level of health consciousness has an impact on industry demand. Humidifiers can reduce the spread of germs, prevent dry skin, relieve allergy and asthma symptoms, loosen congestion and others. According to a 2020 Archer-Daniels-Midland (ADM's) survey, the pandemic has made 57 % of worldwide customers more concerned about their overall health and wellness. Also, 3 out of 10 people are looking for and buying products that are specifically designed to aid with certain health and wellbeing challenges. Nearly 48% think they'll spend more money on health and wellness products. Therefore, demand for air humidifiers will rise as the prevalence of rising health awareness among consumers across the globe rises. Major players in the air humidifiers market are Armstrong International Inc., Boneco AG, Carel Industries S.p.A., Crane USA Inc., Condair Group, Coway Co. Ltd., Dyson, Honeywell International Inc., Koninklijke Philips N.V., Munters, Skuttle Indoor Air Quality Products, VeSync Corporation, Neptronic, Air Innovations, Guangzhou Dongao Electrical Co., Ltd., and Guardian Technologies. The high focus of manufacturers on the development of advanced air humidifiers is a key trend gaining popularity in the air humidifiers market. Many HVAC products are available in the market that can significantly improve indoor comfort. Humidity levels that just right increase air quality and make it easier to breathe. For instance, in April 2020, UK based household appliances company, Dyson launched a three-in-one humidifying fan, Dyson Pure Humidify + Cool, to purify and humidify the entire room. The device contains high-power UV-C light and biostatic silver threaded evaporator to destroy aquatic bacteria, providing purified air and hygienically humidified air to the room. In June 2021, Carel Industries, an Italy-based provider of air conditioning, refrigeration, and heating for humidification and evaporative cooling, acquired 51% of CFM Sogutma ve Otomasyon A.S, for an undisclosed amount. Through this deal Carel Industries aims to expand its presence in Turkish market. CFM Sogutma ve Otomasyon A.S (CFM Refrigeration and Automation Inc.) is a Turkey-based company offering refrigeration, air conditioning and humidification, industrial cooling, building management systems. North America was the largest region in the air humidifiers market in 2022. The regions covered in the air humidifiers market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air humidifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The air humidifiers market consists of sales of central humidifiers, ultrasonic humidifiers, impeller humidifiers, steam vaporizers, and evaporators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The air humidifiers market research report is one of a series of new reports from The Business Research Company that provides air humidifiers market statistics, including air humidifiers industry global market size, regional shares, competitors with a air humidifiers market share, detailed air humidifiers market segments, market trends and opportunities, and any further data you may need to thrive in the air humidifiers industry. This air humidifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The warm air heating equipment refer to equipment that produce warm air to provide space heating for warehouses, retail sheds, sports centres, factories, and other buildings containing similarly large spaces. The main product types are dehumidifiers, heat pumps, and humidifying equipment. A heat pump refers to a heat engine running in the reverse direction. The capacity is small, medium, and large. The various applications involved are residential, commercial, and industrial. The global warm air heating equipment market is segmented - 1) By Product Type: Dehumidifiers, Heat Pumps, Humidifying Equipment 2) By Capacity: Small, Medium, Large 3) By Application: Residential, Commercial, Industrial The global warm air heating equipment market size will grow from $124.43 billion in 2022 to $136.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global warm air heating equipment is expected to grow to $170.58 billion in 2027 at a CAGR of 5.7%. Favorable measures to reduce carbon footprint are expected to drive the warm air heating equipment market’s growth. Countries all over the world are working towards decarbonizing the environment for a sustainable environment and making the world a better place. Warm air heating equipment like a heat pump reduces carbon footprints by using renewable energies. According to the World Resources Institute, in September 2020, China plans to achieve carbon neutrality by 2060. Europe wants to become the world’s first climate-neutral continent by 2050, and the European Commission aims to reduce emissions by at least 55% by 2030. Moreover, Daikin, a global HVAC manufacturer expressed its support for Europe’s Green Deal and believes constant innovations in heat pump technology will help decarbonize Europe by combining decarbonization with sustainable economic growth. Hence, favorable measures by companies and the government to reduce carbon footprints support the warm air heating equipment market growth. Major players in the warm air heating equipment market are Danfoss, Daikin, Mitsubishi Electric Corporation, WOLF GmbH, Johnson Controls Inc., Honeywell International Inc., Haier Group (China), Hitachi Appliances Inc. (Japan), Viessmann, and Bosch Thermotechnology. The high upfront cost associated with warm air heating equipment is anticipated to hinder the warm air heating equipment market. The cost of installation includes equipment cost, installation cost, and other related costs. For instance, the average cost of installation for a new heat pump is $5,613. The mid-quality heat pump costs range between $100 and $2,800. Furthermore, the final costs can reach up to $20,000 that including labor, contractor’s fees, and permit costs. The high cost restricts individuals or small and medium enterprises from buying warm air heating equipment, thereby obstructing the market size market growth. Companies are concentrating on developing smart devices to meet the requirements of the newly connected smart offices and homes. Homes and companies around the world are moving toward connected devices and industry players are engaged in developing smart devices, which enable optimized connectivity and preventive maintenance. For instance, in October 2020, Daikin Applied expanded its line of SmartSource compact heat pumps for a broader range of applications making it ideal for new construction and retrofits where area and budgets are limited. Similarly, in April 2020, LG Electronics USA introduced an extended portfolio of energy-efficient residential air care products including LG PuriCare 50 Pint Dehumidifier with Drain Pump for smooth everyday use. It is ergonomic and effective for residential use, controls humidity levels, and can be monitored or controlled from anywhere through the LG ThinQ smartphone app. In March 2020, NIBE Group, a Sweden-based company that produces and builds intelligent, energy-efficient indoor comfort solutions for all kinds of properties acquired WATERKOTTE GmbH for an undisclosed amount. This acquisition is predicted to strengthen NIBE Group’s position in the European heat pump market, particularly in Germany, and also gives them access to expertise for managing larger projects as well as heat pumps. WATERKOTTE GmbH Germany-based manufacturer of innovative, advanced heat pump systems and integrated sustainable energy solutions for both single-family homes and commercial applications. The Asia-Pacific was the largest region in the warm air heating equipment market in 2022. North America was the second largest region in the global warm air heating equipment market analysis. The regions covered in the global warm air heating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the warm air heating equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The warm air heating equipment market consist of sales of hybrid heat pumps, air source heat pumps, ground source heat pumps and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The warm air heating equipment market research report is one of a series of new reports from The Business Research Company that provides warm air heating equipment market statistics, including warm air heating equipment industry global market size, regional shares, competitors with a warm air heating equipment market share, detailed warm air heating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the warm air heating equipment industry. This warm air heating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Fans and blowers are machines that provide ventilation, the flow of air (or gas) required for cooling, exhausting, and conveying, and are used to overcome the airflow resistance caused by components such as ducts and dampers. The main types of fans and blowers are centrifugal fans and blowers, axial fans and blowers, and others. Centrifugal fans and centrifugal blowers are air-moving pumps or motors used for moving air through a duct. Axial fans and blowers are used as propellers to draw air into the fan and discharge it in the parallel axial direction. An axial fan forces the extracted air to move parallel to the shaft around which the blades rotate. The fans and blowers are used in various sectors, including industrial, commercial, and others. The global fans and blowers market is segmented - 1) By Type: Centrifugal Fans And Blowers, Axial Fans And Blowers, Other Types 2) By Distribution Channel: Online, Offline 2) By Application: Industrial, Commercial, Other Applications The global fans and blowers market size grew from $5.92 billion in 2022 to $6.5 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the fans and blowers market is expected to grow to $8.11 billion in 2027 at a CAGR of 5.7%. The growing construction sector is expected to propel the growth of the fans and blowers market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. Fans and blowers are used in the construction sector to provide air for ventilation and industrial process requirements. For instance, in January 2022, according to Global Construction Perspectives and Oxford Economics, a UK-based leader in global economic forecasting and econometric analysis, by 2030, the global construction production is expected to increase by 85% to $15.5 trillion, with China, the United States, and India taking the lead and contributing 57% of the increase. Over the next 15 years, the US construction market is going to expand more quickly than China's. Therefore, the growing construction sector is driving the growth of the fans and blowers market. Major players in the fans and blowers market are Acme Engineering and Manufacturing Corporation, Aerzener Maschinenfabrik GmbH, Air System Components Inc., Cincinnati Fan, and Ventilator Company Inc., Continental Blower LLC, Zhejiang Shangfeng Fan/motor Co. Ltd., Garden Denver Inc., Greenheck Fan Corporation, Howden Engineering Limited, Johnson Controls International plc, Kaeser Compressors, Munters, Nanfang Ventilator Co. Ltd., Polypipe Ventilation, Robinson Fans Inc., Soler & Palau Sistemas de Ventilación S.L.U., Systemair, Twin City Fan Companies, Ventmeca Fans Inc., Vortice Elettrosociali S.p.A., Zhejiang Shangfeng Fan/motor Co. Ltd., CG Power and Industrial Solutions Limited, Industrial Solutions Limited, and Loren Cook Company. Technological advancements are shaping the fans and blower market. Companies manufacturing fans and blowers have introduced technologies such as liquid cooling technology for better performance. For instance, in September 2020, Boyd Corporation, a US-based company, designed a low-profile cooling ultra-thin and lightweight blower using liquid cooling technology. These are as thin as 3mm which functions well in high pressure and provides cooling while maintaining durability and are designed in thin and ultra-thin profiles, which are ideal for the smaller, more powerful devices. In December 2020, the Greenheck Group, a US-based company manufacturing air movement and control equipment announced the acquisition of Metal Industries, for an undisclosed amount. Through this acquisition, Greenheck aims to expand its brand portfolio by offering air movement, control, and conditioning equipment. Metal Industries, Inc. is a US-based company that offers fans and blowers, air distribution products, and air terminal units. Asia-Pacific was the largest region in the fans and blowers market in 2022. The regions covered in the fans and blowers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the fans and blowers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The fans and blowers market consists of sales of displacement blowers, rotary lobe blowers, helical screw blowers, centrifugal blowers, multistage centrifugal blowers, high-speed blowers, regenerative blowers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

A household-type fan is defined as a device that consists of a rotating arrangement of blades designed to circulate air throughout an entire room. The main types in the household fans manufacturing market are ceiling fans, table fans, pedestal fans, exhaust fans, wall fans. Ceiling fans in the household fans manufacturing market refer to the fan that is mounted on a ceiling. The various types of current are ac residential fans, dc residential fans. The various distribution channels are store-based retailing, direct sales, non-store-based retailing. These are used in the home, and commercial. The global household fans market is segmented - 1) By Type Of Product: Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Wall Fans 2) By Type of Current: AC Residential Fans, DC Residential Fans 3) By Application: Home, Commercial 4) By Distribution Channel: Store-based Retailing, Direct Sales, Non-Store-based Retailing The global household type fans market will grow from $29.24 billion in 2022 to $30.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global household type fans market is expected to grow to $36.44 billion in 2027 at a CAGR of 4.2%. Increased electrification especially in rural areas has contributed to the growth of the household fans market in the historic period. Electrification coupled with the rise in disposable income has boosted the demand for household fans. For example, in India, the percentage of the rural population with access to electricity increased to 89.3%. The Percapita net disposable income increased to $2,018.53. The rise in disposable income increased the purchasing power of the people which in turn has increased the household fans manufacturing market for household fans. Major players in the household fans manufacturing market are Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, and Panasonic. Increased tariffs on raw materials such as steel and aluminum restrained the market for household fans in the historic period. Steel and aluminum are predominantly used in the manufacture of components such as blades for fans. Increasing import tariffs on raw materials such as steel hindered the market for household fans. For instance, the USA imposed 25% and 10% tariffs on the import of steel and aluminum respectively. Household fan manufacturers are increasingly producing energy-efficient products to reduce their carbon footprint and enable energy savings for consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy-efficient fans are designed to utilize minimum energy. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, in the USA, ENERGY STAR-certified ceiling fans provide cutting-edge design, use the latest technology, and are 60% more efficient than conventional ceiling fans. In May 2022, RR Kabel, an India-based wire and cable manufacturer company acquired Luminous Home Electrical business from Schneider for an undisclosed amount. This acquisition will benefit RR Kabel's consumer electricals business, which includes a diverse portfolio of fans, lighting, and appliances. Luminous Home Electrical Business is an India-based electronics and electrical company. The Asia-Pacific was the largest region in the household fans market share in 2022. Western Europe is the second-largest region in the global household fans market. The regions covered in the global household fans manufacturing market report analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the household fans manufacturing market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The household type fans market consists of sales of ceiling fans, table fans, pedestal fans, exhaust fans, wall fans, and other household type fans. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The household fans manufacturing market research report is one of a series of new reports from The Business Research Company that provides household fans manufacturing market statistics, including household fans manufacturing industry global market size, regional shares, competitors with a household fans manufacturing market share, detailed household fans manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the household fans manufacturing industry. This household fans manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A machine is an equipment with several moving parts that are mechanically, electrically, or electronically operated to perform a specific task. The main types of machinery are automatic and semi-automatic. Automatic machinery refers to machinery that works automatically without human intervention. The specificities are small, medium, and large. The various applications are automotive, precision engineering, transport, and other applications. The global machinery market is segmented - 1) By Type: Automatic, Semi-Automatic 2) By Capacity: Small, Medium, Large 3) By Application: Automotive, Precision Engineering, Transport, Other Applications Subsegments Covered: Construction Machinery, Agricultural Implement, Mining And Oil And Gas Field Machinery, Woodworking And Paper Machinery, Other Industrial Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery, Other Commercial And Service Industry Machinery, Photographic And Photocopying Equipment, Optical Instrument And Lens, HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces), Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory, Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear The global machinery market size grew from $3,542.77 billion in 2022 to $3,810.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global machinery market is expected to grow to $4,928.07 billion in 2027 at a CAGR of 6.6%. Rapid advances in technology are expected to drive innovation in machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolios and enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, and central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the machinery manufacturing market during the forecast period. Major companies in the machinery market include Caterpillar Inc., Deere & Company, Hitachi Ltd., Mitsubishi Heavy Industries Ltd., Komatsu Ltd., Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Canon Inc., and Tetra Laval International S.A. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the machinery manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. HVAC systems are being integrated with building automation systems for the overall management of a building to maximize energy efficiency. BAS receives analog or digital inputs from the sensors installed in HVAC and the integrated system is managed by a single dashboard accessed from a computer. These integrated systems improve building performance, save energy, and shrink the environmental footprint. HVAC systems account for 60-70% of the total energy consumption of a typical commercial building, thus integrated systems enable commercial establishments to reduce power consumption. For example, advanced BAS technology integrates lighting, water, elevators, security, and HVAC systems into a single automated platform. An integrated lighting and HVAC system automatically controls the lighting and temperature to ideal levels, thus reducing energy consumption and costs. GE and Trane are offering solutions that integrate HVAC with BAS. The Asia-Pacific was the largest region in the machinery market in 2022. Western Europe was the second largest region in the machinery market. The regions covered in the this machinery market analyis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The machinery market consists of sales of industrial and commercial machinery such as farm machinery and equipment, construction machinery, oil and gas field and underground mining machinery and equipment, food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), printing and binding machinery and equipment, photographic and photocopying equipment, automatic vending machinery, commercial laundry and dry-cleaning machinery, office machinery, automotive maintenance equipment (except mechanics' hand tools), commercial-type cooking equipment and machinery for making paper products, textiles, plastic products, rubber products and optical instruments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. the value of goods in this market includes related services sold by the creators of the goods. The machinery market is segmented into agriculture, construction, and mining machinery; industrial machinery; commercial and service industry machinery; ventilation, heating, air-conditioning, and commercial refrigeration equipment; metalworking machinery; engine, turbine, and power transmission equipment; and other general purpose machinery. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machinery market research report is one of a series of new reports from The Business Research Company that provides machinery market statistics, including machinery industry global market size, regional shares, competitors with a machinery market share, detailed machinery market segments, market trends, and opportunities, and any further data you may need to thrive in the machinery industry. This machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.