The destratification fan market was valued at US$ 204.9 million in 2021 and is projected to reach US$ 341.8 million by 2028; it is expected to grow at a CAGR of 7.6% from 2021 to 2028.
Increased population and improvements in residential infrastructure development enable massive growth contributors in the destratification fan market, thanks to technological advancements and the growing adoption of smart technologies. Thermal stratification has the main disadvantage of making heating, ventilation, and air conditioning (HVAC) systems work harder to maintain an even temperature. To combat the effects of thermal stratification, HVAC systems must over-deliver on hot or cool air. Extreme temperature differences are more likely in buildings with high ceilings. The wasted heat at the top of the building will invariably reach its peak or rise by up to 14 degrees Celsius, further raising the temperature.
Conversely, heavier, more difficult-to-distribute cooled air is squandered by sinking too low points in a building or becoming trapped in hard-to-circulate areas. Further, as a result, energy bills are higher, and the environment is rarely in good shape due to the installation of a costly HVAC system. As a result, the Destratification Fan provides several benefits, including reducing heating costs by 20%–50%, cooling costs by 20%–40%, maintaining an optimal working/retail environment, and reducing CO2 emissions by 20%–50%. The rising trend of federal governments in North America towards net-zero emissions reduced carbon footprints and adopting ecologically sustainable products further boosts the region's market growth.
On the basis of installation, the destratification fan market is divided into the open ceiling and grid ceiling. The open ceiling segment holds a significant amount of revenue shares in the market. The downstream demand markets are driving the growth of the destratification fan market. On the basis of application, the destratification fan market is segmented into retail, warehouse & distribution, manufacturing facilities, agriculture & livestock, aviation, offices, hospitality & hotels, and others. The office segment holds a significant amount of revenue shares in the destratification fan market. Recent developments in fan technology, temperature control units, etc. are the major factors driving the adoption of destratification fans across North America. On the basis of sales channels, the destratification fan market is bifurcated into online and offline. The online, segment holds a significant amount of revenue shares in the destratification fan market.
Impact of COVID-19 Pandemic on destratification fan market
COVID-19 has a negative impact on destratification fans market in North America. The demand for ventilation systems increased as medical facilities required cleaner, fresh air than ever before. Unfortunately, disrupted supply chains forced contractors to reconsider their worldwide supply networks, while the coronavirus itself forced companies to think about how to keep both employees and customers safe. According to some industry experts, April 2019 was the most difficult month for the HVAC business. According to HARDI (Heating, Air-conditioning, and Refrigeration Distributors International), between April 2020 and April 2019, the average distributor in the United States suffered a 19% drop in sales. Despite the fact that sales began to rise again in the summer of 2020, the unemployment rate was expected to continue to have a negative impact on the industry, as fewer firms were willing to invest on HVAC, especially with so many people out of work. The pandemic impacted construction as well as HVAC and other service-related sectors. According to a survey conducted by the American Institute of Architects (AIA) in September 2020, construction activity was predicted to decrease throughout the year and into 2021. Hotel construction was predicted to drop by more than 20%, while recreational and entertainment facilities would drop by 13%, offices by 11%, retail by 8%, and education by 7%.
Lucrative Countries for destratification fan market
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Market Insights– destratification fan market
Increasing need for the energy-efficient ventilation system in North America
Proper and effective ventilation plays a very important role in an energy-efficient home. The amount and type of ventilation that is "suitable" varies from house to house and from occupant to occupant. Various households will have different occupancy levels (people and pets), schedules, activities, health concerns, and other preferences, all of which will influence the proper ventilation systems and functioning. Ventilation also aids in moisture control, lowering the risk of mold growth and structural damage. The American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) Standard 62.2 specifies how a home's living area should be ventilated.
Installation -Based destratification fan market Insights
On the basis of installation, the destratification fans market is divided into the open ceiling and grid ceiling. The open ceiling segment holds a significant amount of revenue shares in the market. The downstream demand markets are driving the growth of the destratification fans market..
Application -Based destratification fan market Insights
On the basis of application, the destratification fan market is segmented into retail, warehouse & distribution, manufacturing facilities, agriculture & livestock, aviation, offices, hospitality & hotels, and others. The office segment holds a significant amount of revenue shares in the market.
Sales Channel - Based destratification fan market Insights
On the basis of sales channels, the destratification fans market is bifurcated into online and offline. The online, segment holds a significant amount of revenue shares in the market..
Destratification Fan market -
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Players operating in the market are mainly focused on developing advanced and efficient products.
In April 2020, VENTS-US in the North American market, the company product lines are becoming more popular. The increased demand for the company's products necessitated the expansion of the office and warehouse areas. The company will be able to store more products and become more flexible for their existing partners and the market as a whole by moving to the new facility. The new facilities now have a total area of 3,000 square feet for the office and 20,000 square feet for the warehouse. The new address of the company is 400 Murray Road, Cincinnati, OH 45217.
Report ScopeNorth America Destratification Fan Market Regional Insights
The regional trends and factors influencing the North America Destratification Fan Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses North America Destratification Fan Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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North America Destratification Fan Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 204.9 Million |
Market Size by 2028 | US$ 341.8 Million |
Global CAGR (2021 - 2028) | 7.6% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Installation
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
North America Destratification Fan Market Players Density: Understanding Its Impact on Business Dynamics
The North America Destratification Fan Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the North America Destratification Fan Market are:
- Zoo Fans Inc
- Canarm LTD
- Vents Us
- Continental Fan
- Delta T LLC
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the North America Destratification Fan Market top key players overview
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Increasing need for the energy-efficient ventilation system.
The rapid growth of the construction industry
The degree of urbanization in the US is at a maximum level compared to other countries in the world. With an increasing population growth occurring specifically in cities, the spending capacity of the population also increases to invest in better living standards. This is anticipated to open up many growth opportunities for the destratification fans market. Rising industrial consumption is a key trend observed in demand for destratification fans. Moreover, vendors have become more ambitious and are trying to boost the sales of destratification fans. Manufacturers are also improving the quality and benefits of destratification fans to improve their overall efficacy.
On the basis of installation, the destratification fans market is divided into the open ceiling and grid ceiling. The open ceiling segment holds a significant amount of revenue shares in the market.
In 2020, the US led the market with a substantial revenue share. Canada is a potential market for North American destratification fan developers due to increasing demand for destratification fans.
Zoo Fans Inc; Canarm LTD; Vents Us; Continental Fan; Delta T LLC; Airius, LLC; Air-Row Fan Company; Refresh Fans; Texas Electronics Canada Inc.; and DRD System are among the major players in the destratification fan market.
On the basis of application, the destratification fan market is segmented into retail, warehouse & distribution, manufacturing facilities, agriculture & livestock, aviation, offices, hospitality & hotels, and others. The office segment holds a significant amount of revenue shares in the market..
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- Zoo Fans Inc
- Canarm LTD
- Vents Us
- Continental Fan
- Delta T LLC
- Airius, LLC
- Air-Row Fan Company
- Refresh Fans
- Texas Electronics Canada Inc
- DRD System