The global commercial kitchen ventilation system market is expected to be valued at USD 17.43 billion by 2033, rising from USD 11.73 billion in 2023, with a compound annual growth rate (CAGR) of 4.5% throughout the forecast period. This steady growth is primarily attributed to the inclusion of air exhaust and replacement air systems in cooking environments. Additional factors driving demand include technological advancements in kitchen appliances and an increased emphasis on hygiene.
Key growth drivers for the commercial kitchen ventilation market include rising investments in research and development to create new technologies, growing demand for energy-efficient products, rising disposable incomes, and improved living standards. Furthermore, the demand for integrated systems is expected to support market expansion.
The current trend towards Demand Controlled Ventilation (DCV) systems is also contributing to market growth. These systems are increasingly favored as they adjust the exhaust fans’ speed based on the load of the cooking equipment using optical or heat sensors, thereby conserving energy during periods of low usage. This shift towards DCV systems is propelling the overall commercial kitchen ventilation market forward.
Moreover, stricter regulations regarding VOC emissions, heightened awareness of the greenhouse effect, and rising pollution levels globally are expected to further stimulate market growth. As consumers increasingly seek efficient and aesthetically pleasing kitchen appliances, the demand for commercial kitchen ventilation systems is likely to rise. Additionally, the adoption of advanced technologies, such as IoT devices and smart features in ventilation systems, will also contribute to market growth. However, the high cost of equipment may pose challenges to the market’s expansion.
Key Takeaways:
- The introduction of Demand Controlled Ventilation systems will strengthen prospects for the market.
- High costs of the equipment will hinder the market growth of commercial kitchen ventilation systems during the assessment period.
- In 2022, the commercial kitchen ventilation system market in Europe accounted for 24.1% of the global market share.
- Growing demand for energy-efficient technology will drive the commercial kitchen ventilation system market in North America.
- The start-up in this market are focusing on product innovation and development.
Competitive Landscape
Britannia Kitchen Ventilation Ltd., Centrotee Sustainable AG, Munters AB, Flakt Woods Group, CaptiveAire Syatems Inc., Greenheck Fan Corporation, Nortek Incorporated, Solar & Palau, and among others, are the significant players in the commercial kitchen ventilation system market profiled in the full version of the report.
In a competitive market, prominent market players are concentrating on product innovation and product certification to gain a competitive edge. These companies also employ various organic and inorganic business strategies to enhance their market position. In a recent development, Halton Group introduced CMW-FMOD- Cold Mist On Demand Hood which lowers air temperature and eliminates grease from the exhausted air.
Key players
- Britannia Kitchen Ventilation ltd
- CaptiveAire Systems Inc.
- Centrotee Sustainable AG
- Greenheck Fan Corporation
- Munters AB
- Nortek Incorporated
- Flakt Woods Group
- Solar & Palau Group
Key Segments Profiled in the Commercial Kitchen Ventilation System Market Survey
By Contact with Application Type:
- Restaurants
- Hospitals
- Corporate Offices
- Hotels
- Five Star Hotels
- Others
By Fan Type:
- High Volume Low Speed Fans
- Axial Fans
- Centrifugal Fan Sets
- Bifurcated Fan Sets
- Belt Driven Axial Fans
- In-Line Centrifugal
- Mixed Flow Impellers
- Roof Extract Fans
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
Report Preview: https://www.futuremarketinsights.com/reports/commercial-kitchen-ventilation-system-market
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