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Attic And Exhaust fans Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Global Attic And Exhaust fans Market Overview And Statistics For 2024-2033
It will grow from $9.53 billion in 2023 to $10.29 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%.” - The Business Research Company
LONDON, GREATER LONDON, UK, August 22, 2024 /EINPresswire / -- The global attic and exhaust fans market has experienced significant growth in recent years. The market is projected to expand from $9.53 billion in 2023 to $10.29 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.0%. This upward trend is driven by heightened concerns about energy efficiency, climate change awareness, stringent building regulations, and the growing trend of home renovations.
Looking ahead, the attic and exhaust fans market is expected to continue its strong growth trajectory, reaching $13.9 billion by 2028 at a CAGR of 7.8%. This expansion will be fueled by rising temperatures, stringent energy efficiency standards, increased smart home integration, and the adoption of green building practices. Other key drivers include urbanization, population growth, renovation and retrofitting activities, and a growing focus on health and indoor air quality. Major trends anticipated in the forecast period include advancements in ventilation technology, quieter operation, the use of sustainable materials, and the adoption of solar-powered fans.
The Attic and Exhaust Fans Market
The robust growth of the construction industry is a major factor propelling the demand for attic and exhaust fans. The construction sector encompasses a wide range of activities, including the planning, designing, construction, maintenance, and repair of buildings, infrastructure, and industrial facilities. Attic ventilation fans play a crucial role in reducing attic temperatures and moisture levels, which in turn can lower energy costs associated with air conditioning, extend the lifespan of roof coverings, and minimize ice damming. For instance, the United States Census Bureau reported an estimated seasonally adjusted annual rate of $1,983.5 billion in construction spending in August 2023, marking a 7.4% increase from the previous year. This surge in construction activity is driving the demand for attic and exhaust fans.
Explore comprehensive insights into the global attic and exhaust fans market with a detailed sample report:
Major Companies
Leading companies in the attic and exhaust fans market include Greenheck, Systemair, Twin City Fan, Howden, Soler & Palau, Attic Breeze LLC, Industrial Fans Direct, Daltec Fans, Atmox Inc., Wayne's Solar Inc., Johnson Controls, Nanfang Ventilator, Munters, Polypipe Ventilation, and Greenwood Airvac. These companies are driving innovation in the market, focusing on sustainable and efficient solutions.
Market Trends
Energy Efficiency:
.There is a strong push toward energy-efficient products, driven by government regulations and consumer awareness. Attic and exhaust fans that offer lower energy consumption and smart features (like temperature and humidity sensors) are becoming more popular.
Smart Home Integration:
.Smart home technology is gaining traction, and attic and exhaust fans with smart features (Wi-Fi connectivity, app control, integration with home automation systems) are in demand.
Sustainability and Green Building:
.As more consumers and builders prioritize eco-friendly materials and systems, the demand for energy-efficient and sustainable exhaust and attic fans is rising. Products with certifications like Energy Star are particularly sought after.
Improved Indoor Air Quality:
.There is growing awareness about the importance of indoor air quality, especially in regions with extreme weather conditions. This has driven demand for high-performance exhaust fans that effectively remove moisture, odors, and pollutants.
Geographical Insights: Asia-Pacific Leading the Market
The Asia-Pacific region was the largest market for attic and exhaust fans in 2023, followed by Western Europe. The market in Asia-Pacific is expected to continue leading, driven by rapid urbanization, population growth, and increasing construction activities.
Access the complete report for an in-depth analysis of the global attic and exhaust fans market:
Segments:
. By Type: Attic Fans, Exhaust Fans
. By Material: Metal, Plastic
. By Application: Industrial, Commercial, Residential
The attic and exhaust fans market refers to devices used primarily during warmer months to manage attic temperatures exceeding 120°F (49°C) or to remove excess moisture and unwanted odors from specific rooms or areas.
Attic And Exhaust fans Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Attic And Exhaust fans Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on attic and exhaust fans market size , attic and exhaust fans market drivers and trends, attic and exhaust fans market home ventilation, attic and exhaust fans market major players, attic and exhaust fans market indoor air quality, attic and exhaust fans market residential, attic and exhaust fans competitors' revenues, attic and exhaust fans market positioning, and attic and exhaust fans market growth across geographies. The attic and exhaust fans market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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