A recent report published by
Infinium Global Research on thermo ventilator market provides an in-depth
analysis of segments and sub-segments in the global as well as regional thermo
ventilator market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional thermo ventilator market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecasts, and dollar values of the global thermo ventilator market.
According to the report, the global thermo ventilator market is projected to
grow at a CAGR of 7.2% over the forecast period of 2020-2026.
Thermo ventilators are electrical
appliances that can be used for a multi-purpose ventilation system. It offers a
combined function of automatic ventilation and air circulation. Further, a thermo
ventilator is referred to as an automatic adjustment and customized operation
as per the user’s requirement or preferences. The favorable properties of thermo
ventilators such as energy efficiency provide wide applications in the
commercial sector. Additionally, the
current concern over the spread of coronavirus has severely impacted the
manufacturing industry. While the epidemic crisis has reduced the frequency of
purchase of consumer appliances as well as the shutdown of manufacturing units
prohibited the import of various auto components. Supply chain disfunction, limited
labor workforce, and inadequate availability of electronic components are some
of the major challenging factors that most industry players are focusing on in
the current pandemic. The market is expected to be very tight owing to a
pre-lockdown decline in business for small and medium scale industries as well
as disruption of international supply chains and rising uncertainties with
regards to demand for MSMEs' products. Further, the standstill movement of
material, labor issues, and reduced production rate resulting in reduced demand
and cancellations of orders across the board.
Rapid urbanization, rising demand
for multipurpose electrical appliances, and rise in need for energy-efficient the ventilation system is key driving factors of the thermo ventilator market. An
increase in household income and rising investments in construction and
infrastructure development in emerging countries is anticipated to propel the
demand of the thermo ventilator market. Further, growing consumer preferences for
energy-efficient home appliances will escalate the demand for thermo
ventilators. However, the installation of thermo ventilators involves heavy
investments, which may hinder the demand of the thermo ventilator market.
Furthermore, increasing adoption of technologically advanced appliances and rising
awareness about thermo ventilators among the residential sector will offer
opportunities in the near future.
Among the geographies, North
America region is expected to hold the largest share in the global thermo
ventilator market as countries such as the U.S. and Canada are the
front-runners of the adoption of advanced electrical appliances. Further,
increasing investment in infrastructure development along with an increase in
demand for thermo ventilators from commercial and residential sectors escalate
the market growth. Furthermore, the Asia Pacific region is expected to witness
the highest growth rate during the projection period, due to changing consumer
preferences, increase in purchasing power of the population, and rising demand
for thermo ventilators from the commercial sector in this region.
The report on the global thermo
ventilator market covers segments such as type, end user industry, and
distribution channel. On the basis of type, the sub-markets include ceiling
mounted, window mounted, and wall mounted. On the basis of end user industry,
the sub-markets include commercial, and residential. On the basis of
distribution channel, the sub-markets include online, and offline.
The report provides profiles of
the companies in the market such as Honeywell International Inc., Lennox
International Inc., Mistubishi Electric, Whirlpool, Whirlpool, Sauter Controls
GmbH, Swegon Group AB, Siemens AG, Aereco, and Vaisala.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the thermo ventilator market. Moreover, the study highlights current
market trends and provides forecasts from 2020-2026. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.