Global Thermo Ventilators Market Expected to Reach $3,718 Million by 2023, Says Allied Market Research

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May 24, 2018, 07:15 ET

PORTLAND, Oregon and PUNE, India, May 24, 2018 /PRNewswire/ --

According to a new report published by Allied Market Research, titled, "Thermo ventilators Market by Product, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023", the global thermo ventilators market was valued at from $2,332 million in 2016, and is expected to reach $3,718 million by 2023, registering a CAGR of 7.1% from 2017 to 2023. Asia-Pacific is expected to exhibit lucrative growth opportunities, owing to the growth in commercial sector.

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The demand for global thermo ventilators industry is mainly driven by its ability to automatically adjust the ventilation system as per the occupants thereby making it energy efficient and its increasing application in commercial sector. Moreover, growth in awareness about thermos ventilators among the residential sector is also expected to contribute significantly to the demand for thermos ventilators during the forecast period. However, the initial investment of thermo ventilators is expected to pose a major challenge for the global market growth.

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Among its application, commercial segment is expected to generate the maximum revenue in the global market during the forecast period, and is expected to account for $2,255 million until 2023. Residential sector is expected to register the fastest CAGR of 7.5% during the forecast period.

Key Findings of the Thermo Ventilators Market:

The global thermo ventilators market is expected to grow at the CAGR of 7.1% during the forecast period, thereby expanding the opportunities for the industry.
The window mounted, among the various types of thermo ventilators market is expected to witness the highest CAGR as compared to other product types.
North America is expected to be the highest revenue contributor in 2016.

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The key players operating in the global thermo ventilators market are Panasonic, Whirlpool, Lennox International Inc., Vaisala, Mistubishi Electric, Honeywell International Inc., Aereco, Swegon Group AB, Siemens, and Sauter Controls GmbH.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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