Ventilation Fan Market

Ventilation Fan Market Analysis, By Type (Axial, Centrifugal), By Mounting (Wall & Ceiling Mounted), By Use Case (Industrial Manufacturing, Oil & Gas, Automotive, F&B Processing, Chemical, Commercial, Others), By Flow Rate & Region - Global Market Insights 2022-2032

Analysis of Ventilation Fan Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Ventilation Fan Market Outlook (2022-2032)

The global ventilation fan market is anticipated to reach a valuation of US$ 2,130.5 million in 2022 and is expected to progress at a CAGR of 4.6% to reach US$ 3,349.0 million by the end of 2032.

Sales of ventilation fans accounted for nearly 11.7% share of the global fan market at the end of 2022.

Report Attributes


Market Size (2021A)

US$ 2,042.2 million

Estimated Market Value (2022E)

US$ 2,130.5 million

Forecasted Market Value (2032F)

US$ 3,349.0 million

Global Market Growth Rate (2022-2032)

4.6% CAGR

North America Market Share (2022)


North America Market Value (2022)

US$ 453.1 million

Europe Market Share (2022)


Europe Market Value (2022)

US$ 540.5 million

China Market Share (2022)


China Market Value (2022)

US$ 435.1 million

Market Share of Top 3 Countries


Key Companies Profiled

  • ACME Engineering & Manufacturing
  • Air Control Industries Ltd.
  • Airflow Developments Ltd.
  • Airmaster Fans
  • AirMax Fans
  • Axair Fans UK Ltd.
  • Continental Fan Manufacturing Inc.
  • Ebara Corporation
  • Elta Fans

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Sales Analysis of Ventilation Fan (2017-2021) Vs. Market Outlook (2022-2032)

The demand for ventilator fans is also significantly influenced by the trend toward smaller apartment sizes in major urban areas around the world to increase real estate affordability as the ventilation fans help to remove the stale, muggy, or dirty air from the kitchen and bathroom area. In addition, this also prevents the area from causing mold.

These developments in the housing market will increase demand for better air circulation in homes from the millennial generation of buyers. Additionally, anticipated to support market expansion are the rise in concentrated indoor pollution levels and the resulting deterioration in air quality as ventilation fans are highly in demand because they can also prevent health concerns, for instance, asthma, allergies, etc.

A roadmap for the ventilation fan becomes more important as mass markets increase concern regarding respiratory disorders.

  • Short Term (2022 to 2025): The market is expected to see substantial growth for its wide range of usability of the product.
  • Medium Term (2025-2028): United States and China are projected to witness comparatively high ventilation fan demand as most houses in the regions are airtight and less ventilated.
  • Long Term (2028-2032): Modified ventilation fans in terms of design and features will be highly in demand in the long run as it provides a smart look to the house.

From 2017 to 2021, the global market for ventilation fans registered a CAGR of 4.3%. Fact.MR, a market research and competitive intelligence provider, reveals that the market is likely to exhibit growth at 4.6% CAGR between 2022 and 2032.

Ventilation fan market forecast by Fact.MR

Market share analysis of the ventilation fan based on installation and region is provided in the above image. Under the installation segment, the roof-mounted sub-segment dominates with a 52.5% market share in 2022.

Competitive Analysis of the Adjacent Ventilation Fan Market

Ventilation Fan Market :


Ventilation Fan Market




Market Value


US$ 2667.72 Mn

Growth Factor

The demand for ventilation fans is expected to rise as a result of the poor air quality around the world.


Hospital and clinic ventilation fans consume a lot of energy. To ensure proper infection control and patient safety, overall energy use is reduced and proper ventilation is maintained.

Key Trends

Millennials are increasingly choosing to live in affordable homes in prime locations instead of large flats in distant suburbs. 

Ceiling Fans Market :


Ceiling Fans Market




Market Value


US$ 14.18 Bn

Growth Factor

Premium quality home décor with added features such as layered lighting fixtures and interchangeable blades is increasing in popularity.


There is an increase in the number of consumers buying new flats and standalone houses.

Key Trends

A rise in spending on interior decoration with different designs for homes and businesses through social media advertising.

Mechanical Ventilator Market :


Mechanical Ventilator Market




Market Value


US$ 8.04 Bn

Growth Factor

The rapid growth of the elderly population, coupled with chronic obstructive pulmonary disease (COPD), has led to an increased incidence of the disease.


Investing heavily in research and development in the healthcare sector and increasing per capita incomes.

Key Trends

The growing number of respiratory disorders is being caused by lifestyle habits such as smoking and genetic allergy development.

Ventilation Fans, Projected as Healthy Living Tools, Sees an Uptick in Sales

“Ventilation Fans is likely to see high adoption among people suffering from respiratory disorder.”

The increasing respiratory problems are creating problems for human beings as 1 out of every 7 adults suffers from lung diseases. On the other hand, rooms with small windows, as the apartments these days are smaller in size.

Ventilation fans can help to prevent respiratory disorders. The fans can maintain the air quality in the air and eliminate pollutants inside the space, which is also a key contributor to healthy living. The fan also eliminates pollutants and bacteria. The changing lifestyle among the mass population has also led the market to grow as they know that maintaining a good lifestyle is necessary to maintain good air circulation in the surroundings.

As a result, the increasing awareness and benefits associated with ventilation fans are likely to increase demand.

“Manufacturers expanding production capacities across untapped regions galvanized by added interest.”

Emerging economies such as Brazil, India, the Philippines, Indonesia, Nigeria, Vietnam, etc., are going through a phase of escalating urbanization and infrastructural development. Dynamic infrastructure sectors, such as power, transport, water, etc., are witnessing an increase in total spending. Additionally, a shift in global economic power from west to east is also leading to an increase in urbanization in these countries.

Changing global demographics and prompt urbanization, in addition to lucrative opportunities present in these regions, are prompting manufacturers to expand in these untapped economies.

So, all the above-listed factors are expected to boost demand for ventilation equipment’s inter-alia and other industrial and commercial products to support overall target market growth.

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What Do Ventilation Fan Manufacturers Need to Watch Out for?

“Complexity in installation and maintenance to hamper the sales ride for market players.”

The ventilation fan has drawbacks that can affect the market as the fans cannot be used in a power outage and are not easily movable from one place to another place as they are mounted in the wall.

Hot, humid air can leak into other parts of the house if the installation is not done correctly. The exhaust fan may generate noise while it revolves due to improper installation. It is possible that the exhaust fan won't be used because the noise it makes disturbs the home's residents so greatly.

Therefore, the manufacturers need to address the above-mentioned problem and develop the product accordingly to increase sales growth.

Country-wise Insights

Will the Increasing Use of Smart Electronic Appliances in the United States Drive Ventilation Fan Demand?

The U.S. ventilation fan market is expected to account for a significant portion of the global share of the ventilation fan market shortly. The United States currently accounts for more than 64.8% market share in North America and is expected to reach a value of US$ 293.6 million by the end of 2022. The flourishing construction industry in the U.S., which is primarily driven by the country's growing population and urbanization rate, is the main driver of the demand for heating, ventilation, and air conditioning (HVAC) services.

In the U.S., there is a substantial need for HVAC maintenance, repair, replacement, installation, and consulting services. Numerous Americans needed repair and maintenance services in the historical year. It has been noted that HVAC systems that undergo routine maintenance and repairs show enhanced functional efficiency and a 20% increase in energy savings.

Why is the Germany Ventilation Fan Market Expected to Be Highly Lucrative?

Germany is projected to dominate the demand for ventilation fans in Europe due to quick adoption and growing infrastructure. To meet individualized demand, Germany has strengthened its local production capacity. A rise in industrial investment has been linked to an increase in demand for industrial ventilation fans.

Demand for fans and blowers has increased in the nation as a result of the uptake in industrial manufacturing end-use and growth in automobile production. The ventilation fan market in Germany has anticipated a market share of 38.8% in 2022 and reach a valuation of US$ 209.7 million in 2022.

Category-wise Insighs

How Food and Beverage Industry Will Lead to growth for Ventilation Fans?

Food & Beverage processing end use has created ample opportunities for manufacturers of industrial ventilation fans to increase their production volumes. The vane axial fans and tube axial fans are the most attractive segments in terms of product adoption and scalability. Food & beverage processing end use is likely to grow at 5.1% CAGR over the forecast period while reaching a valuation of US$ 308.3 million by the end of 2022.

In addition, other applications of industrial ventilation fans, such as in the oil & gas industries and automotive, are attributed to pushing market development of the ventilation fan market in the near future as the demand for automotive vehicles is increasing day by day.

What is Market Growth Being Led by the Axial Type Ventilation Fan?

A vending machine's internal cooling unit circulates cool air using axial fans to maintain a consistent temperature within the vending machine. Internal device cooling and fan selection are critical for the long-term operation of parts inside vending machines.

With advancements in technology, sales of axial fans have increased owing to being widely used in vending machines. Vaneaxial Fans are expected to reach a valuation of US$ 311.7 million by the end of 2022 and are expected to surge at 3.7% CAGR through 2032. However, centrifugal ventilation fan demand is likely to witness an optimistic growth pattern over the coming decade.

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Competitive Landscape

All the industry leader are making their strategy to stand out from other competitors in the ventilation fan market. The brands like ACME Engineering & Manufacturing, AEROVENT, Air Control Industries Ltd., Airflow Developments Ltd., Airmaster Fans, AirMax Fans, Axair Fans UK Ltd., Continental Fan Manufacturing Inc., Ebara Corporation, Elta Fans, FAWENT SA and other leading players have started manufacturing the energy & cost-efficient ventilation fan to meet the consumer preference.

One of the prominent factors in market survival is innovation. Companies develop and implement modern technology solutions at every stage of production, allowing them to manufacture products that meet customers' expectations and needs to the greatest extent possible. Firms believe in innovations that include integrated application of professional knowledge, global experience, and modern technologies in the manufacturing of industrial ventilation fans.

Organizations update and improve their product lines on an annual basis based on current trends and customer feedback. Commitment to customer demands and implementation of innovations enabled the market leader to take the lead in the global market of industrial ventilation fans and to directly influence the formation of market trends.

Segmentation of Ventilation Fan Industry Research

  • Ventilation Fan Market by Type :

    • Axial
      • Propeller Fans
      • Tube Axial Fans
      • Vane Axial Fans
    • Centrifugal
      • Forward-Inclineded Blade Fans
      • Radial Blade Fan
      • Backward Inclined Blade Fan
  • Ventilation Fan Market by Use Case :

    • Industrial Manufacturing
      • Carpentry
      • Glass Manufacturing
      • Paper Manufacturing
      • Milling
      • Brick Manufacturing
      • Textile Manufacturing
      • Agriculture
      • Others
    • Oil & Gas
    • Automotive
    • F&B Processing
    • Chemical
    • Commercial
    • Residential
    • Others
  • Ventilation Fan Market by Mounting :

    • Wall Mounted
    • Ceiling Mounted
  • Ventilation Fan Market by Flow Rate :

    • Below 100 CFM
    • 100 - 250 CFM
    • 250 - 500 CFM
    • 500 - 750 CFM
    • Above 750 CFM
  • Ventilation Fan Market by Region :

    • North Americas
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What is the global ventilation fan market size?

The global ventilation fan market is currently valued at US$ 2,130.5 million in 2022.

How is the market for Ventilation fans expected to fare in the future?

Worldwide demand for ventilation fans is anticipated to reach US$ 3,349.0 million by 2032-end.

Which ventilation fan type holds the highest market share?

Roof-mounted ventilation fans account for a 52.5% share of the global market in 2022.

Which regional market accounts for a leading market share?

North America leads the global ventilation fan market accounting for 21.3% market share in 2022.

How did the market perform over the past few years?

During 2017-2021, sales of ventilation fans increased at 4.3% CAGR.

Ventilation Fan Market

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