What is Global Smoke Extract Fan Market?
The Global Smoke Extract Fan Market is a sector that focuses on the production and distribution of smoke extract fans. These fans are designed to handle smoke and air mixtures at high temperatures, often up to 600 degrees Celsius. They are essential in various industries and settings, including fire protection, commercial kitchens, and other areas where smoke extraction is necessary. The market's value was estimated at US$ 334 million in 2023, and it is projected to reach US$ 418.3 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period from 2024 to 2030.
Centrifugal Type, Axial Type, Others in the Global Smoke Extract Fan Market:
The Global Smoke Extract Fan Market is categorized into different types based on their design and functionality. These include the Centrifugal Type, Axial Type, and others. The Axial Type is the most popular, accounting for over 65% of the market share. Each type has its unique features and applications, making them suitable for different environments and requirements. For instance, the Centrifugal Type is known for its high efficiency and ability to handle large volumes of smoke, making it ideal for large-scale industrial applications. On the other hand, the Axial Type is preferred for its simplicity, cost-effectiveness, and versatility, making it suitable for a wide range of applications.
Fire Protection, Commercial Kitchen, Other in the Global Smoke Extract Fan Market:
The Global Smoke Extract Fan Market finds its applications in various areas. One of the primary areas is fire protection. In the event of a fire, smoke extract fans are used to remove smoke and heat from the building, thereby reducing the risk of smoke inhalation and facilitating evacuation and firefighting efforts. Another significant area of application is commercial kitchens. Here, smoke extract fans are used to extract smoke, heat, and odors produced during cooking, thereby maintaining a comfortable and safe working environment. Other areas of application include industrial settings, where these fans are used to extract smoke produced during various manufacturing processes.
Global Smoke Extract Fan Market Outlook:
The Global Smoke Extract Fan Market is a dynamic and growing sector. The fans produced in this market are capable of handling smoke and air mixtures at temperatures as high as 600 degrees Celsius. As of 2023, the market was valued at US$ 334 million. It is projected to grow at a steady pace, reaching an estimated value of US$ 418.3 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period from 2024 to 2030. The market is dominated by the top four manufacturers, who collectively hold a market share of over 35%. In terms of product types, the Axial Type is the most popular, accounting for over 65% of the market share.
| Report Metric | Details |
| Report Name | Smoke Extract Fan Market |
| Accounted market size in 2023 | US$ 334 million |
| Forecasted market size in 2030 | US$ 418.3 million |
| CAGR | 3.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Nicotra Gebhardt, Soler & Palau, Ventmeca, NOVENCO, VENTS, Systemair, Elta Fans, Polypipe Ventilation, SODECA, Rucon |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
