Global Thermo Ventilators Market was valued at US$ 2.57 Bn in 2019 and is expected to reach US$ 4.2 Bn by 2027, at a CAGR of 7.25 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Thermo Ventilators MarketGlobal Thermo Ventilators Market Dynamics:
Thermo ventilators are electrical equipment that serves as a multipurpose ventilation system. Thermo ventilators are electrical appliances that merge the functions of automatic ventilation and air circulation.
Increasing awareness about Thermo ventilators among the residential sector is expected to significantly contribute during the forecast. Thermo ventilators provide automatic adjustment as per the occupant’s requirement. Thermo ventilators market is in demand and is witnessing considerable traction in the commercial and residential sectors due to features like energy efficiency, fast installation, and custom modification as per requirement. Furthermore, the high initial investment is a major challenge for the growth of the global Thermo ventilators market.
Increase in the necessity for energy efficient ventilation in global commercial sectors, which include entertainment malls, restaurants, hotel rooms, educational institutions, corporate offices, conference or seminar rooms and others. Demand is increasing for the ventilation systems, which helps to automatically adjust its operations based on the occupancy of the premises. The growing number of commercial buildings is expected to boost the growth of the market during the forecast period.
Thermo ventilators providing automatic ventilation, also offer the purpose of adequate air circulation thereby checking on the carbon dioxide level inside the building premises. In cases of residential application, thermo ventilators are also installed in washrooms wherein it is used as multipurpose equipment including adequate air circulation, automatic ventilation, and drying clothes.
Global Thermo Ventilators Market Regional Insights:
Asia-Pacific is expected to hold large market share in the Global thermo ventilators market owing to increasing infrastructural investments in real estate along with the rise in consumer preferences for energy efficient homes.
Scope of the Global Thermo Ventilators Market Report:
Global Thermo ventilators market, by Type
• Ceiling Mounted
• Window Mounted
• Wall Mounted
Global Thermo ventilators market, by Application
Global Thermo ventilators market, by Geography
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Thermo Ventilators Market:
• Honeywell International Inc.
• Lennox International Inc.
• Mistubishi Electric
• Sauter Controls GmbH
• Swegon Group AB
• Pinnacle Climate Technologies
• Enviro Vent
• ABC Industries
• Broadcast Manufacture
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