Market Research Blog

The screw air end market is projected to grow year-on-year in 3.4% in 2022, reaching a valuation of about US$ 4 Bn. With automation trends gaining traction, increasing adoption of oil-free screw air compressors is one of the key trends which is expected to drive sales in the market. Between 2022 and 2032, demand is expected to increase at a 4.5% CAGR.

Competitive Landscape

Increased acquisition and expansion operations have been observed in recent years to boost the screw air end supply chain. Screw air end manufacturers are also researching and creating new technologies, such as boosting the propensity to resist oil blockage in oil-lubricated compressors and converting them to electric compressors for environmental safety.

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For instance:

• Atlas Copco agreed to buy Geveke B.V. and its subsidiaries, as well as LEWA GmbH and its subsidiaries. LEWA is a prominent diaphragm metering pump, process pump, and complete metering system manufacturer. Geveke sells compressors and designs and installs modern and complex process pump systems.
• GE and IHI signed an MoU to collaborate on developing an Ammonia Gas Turbine Business Roadmap (Ammonia Roadmap) to lower carbon emissions from gas turbine power plants. The focus of joint research and feasibility studies will be on novel techniques to use carbon-free ammonia as a viable power production fuel.
• At the Pintura Industrial Reus S.A. (PIRSA) facility in Calls, Spain, ELGi Compressors Europe, a subsidiary of ELGi Equipments Limited conducted a compressed air system overhaul. PIRSA, a Spanish manufacturer of paints, pavements, coatings, and waterproofing for the food and pharmaceutical industries, enhanced the site’s productivity and energy efficiency, saving almost 1,500 EUR per month as a result of the update.

Global Screw Air End Market by Category

By Capacity:

• Up to 5HP
• 5 to 25HP
• 25 to 50HP
• 50 to 150HP
• 150 to 300HP
• 300 to 500HP

By Technology:

• Stationary
  • Oil Lubricated
  • Oil-Free
• Portable
  • Oil Lubricated
  • Oil-Free

By Stage:

• Single Stage
• Two-Stage
• Multi-Stage

By Driver Type:

• Liquid Driven
• Gas Driven
• Electric

By Type:

• Belt Drive
• Gear Drive

By End-Use:

• Oil and Gas Industry
• Chemical Industry
• Energy and Transmission
• Automotive and Aerospace
• Mining and Minerals
• Other Manufacturing Industry

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• The Middle East and Africa

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The global lightning arrester market is expected to reach US$ 782.1 Mn in 2022, at a CAGR of 6.5% to reach a valuation of US$ 1,466.7 Mn by 2032. Lightning arresters are a necessary safety precaution for any building. Increased focus on electrical equipment safety in homes as well as other applications like infrastructure, power plants, etc., will boost global lightning arrester market between 2022 and 2032.

Regionally, North America is prone to frequent lightning strikes, which has been a leading cause of increased electrical equipment damage in the region. Hence, North America lightning arrester market is anticipated to grow at a CAGR of 5.8% through the forecast period.

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Countries such as the U.S., China, India, Indonesia, Malaysia, etc. are prone to lightning strikes. Further, according to a study from the National Lightning Safety Institute, there has been a significant increase in lightning-related incidents over the past decade, with more than $2 billion in property damage reported each year. While traditional lightning rods are still the most prevalent kind of protection, lightning arresters are becoming a more popular option since they can protect a larger area for a lower cost.

Key Takeaways from Market Study

• By rating type, above 110 KV sales are expected to remain dominant during the forecast period and will account for more than 40% by 2032.
• By product type, the valve type lightning arrester segment is anticipated to grow with a CAGR of 7.7% through the forecast period.
• By end Use, the power Industry segment is projected to lead the lightning arrester market and is further anticipated to create an absolute dollar opportunity worth US$ 145.9 Mn by 2032.
• In terms of region, lightning arrester sales in South Asia & Pacific are estimated to increase at a CAGR of 7.2%.

“Increasing lighting strokes incidents coupled with growing awareness regarding electrical equipment safety will boost the sales of lightning arresters in the forecast period.” says a Future Market Insights analyst.

Lightning Arrester Market Competitive Landscape

Among the industry’s key players are Eaton, ABB, Hubbell, GE Grid, Schneider Electric SE, TE Connectivity, Toshiba, and others

The lighting arreter market is moderately consolidated, with leading players accounting for more than 40% of the market share. These players are likely to invest in new technology developments, expansion of their distribution networks, and tie-ups with prominent end-users to maintain their market presence.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

4.3. Marketing and Brand management

4.4. Supply Chain Management

5. Global Lightning Arrester Market Demand Analysis 2017-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Units) Analysis, 2017-2021

5.2. Current and Future Market Volume (Units) Projections, 2022-2032

5.3. Y-o-Y Growth Trend Analysis

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The research report analyses the market demand trend for the lightning arrester. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the lightning arrester market report is studied and analyzed in the following segments such as by rating type, product type, end-use & regions. The lightning arrester market report gives us qualitative and quantitative information about the companies.

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About FMI – Automotive and Transportation

About FMI – Industrial AutomationThe industrial Automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

The market for vertical immersion pumps is expected to increase by 3.7% annually in 2022, reaching US$ 3,613.8 Mn by the end of the year. Industry-wide automation’s advent and IoT device adoption are primarily blamed for growth. Between 2022 and 2032, market-wide sales are projected to grow at a CAGR of 4.9%.

It is especially suitable for pumping and circulating aggressive and abrasive media. Vertical immersion pumps offer a similar range of services as magnetic drive centrifugal pumps and enable additional opportunities due to applications in containers or tanks with the installation vertically submerged.Vertical immersion pumps have several advantages such as space-saving by direct installation, saving of suction pipes, energy-efficient, and others. Vertical immersion pumps are majorly used in agricultural irrigation and are available in various sizes, material as well as hydraulic combinations. 

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Vertical Immersion Pumps Market: Dynamics

The demand for vertical immersion pumps is continuously increasing from several end-use industries owing to its several advantages over the conventional pumps such as customer-specific installation flange, construction in fully plastic material, variable discharge connection, space-saving by direct installation, saving of suction pipes, high efficiency, and others.

Vertical immersion pumps are predominantly used in several end-use industries such as the electroplating industry, etching and cleaning systems, refrigeration machines, solar systems, photographic industry, wastewater treatment, etc. which creates a more opportunistic market for the manufacturers of vertical immersion pumps.

Vertical immersion pumps play a vital role where a larger flow rate is required, it is the ideal solution when needing to pump from an underground well, a reservoir or river, or in an application where the liquid is at a high temperature that would not enable a traditional centrifugal pump to be used.

Increasing government initiatives towards the improvement of the agricultural sector, provide several opportunities to the farmer to implement water pumps on farms, which creates a new opportunistic market for the manufacturers of vertical immersion pumps in several countries.

Vertical Immersion Pumps Market: Regional Outlook

Based on the region the vertical immersion pumps market can be segmented into several regions, such as North America, Europe, East Asia, South Asia, Latin America, and Middle East & Africa. The vertical immersion pumps market is expected to lead by East Asia, owing to the presence of a good number of global as well as regional manufacturers.

Europe is expected to witness substantial growth in the vertical immersion market, as increasing agricultural activities propel the demand for vertical immersion pumps. Moreover, the increasing popularity of vertical immersion pumps due to their distinct advantages and benefits over other pumps is gaining traction in the market.

North America is a significant market for vertical immersion pumps, the global manufacturers of vertical immersion pumps are willing to expand their market in this region due to rapid industrialization and urbanization, which creates significant demand for vertical immersion pumps.

South Asia is the fastest emerging market for vertical immersion pumps, with the presence of several developing economies such as India, Indonesia, and others, where the agriculture sector, as well as several end-use industries of vertical immersion pumps, is growing rapidly which assisting the growth of this market. Latin America and the Middle East & Africa are expected to witness average growth in the vertical immersion pump market.

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Vertical Immersion Pumps Market: Market Participants

Some of the key players involved in the manufacturing of vertical immersion pumps are –

• Brinkmann Pumps
• KSB Pumps
• Gusher Pumps
• ITT Inc
• AxFlow Holding AB
• Lutz-JESCO GmbH
• RENNER GmbH, and others.

The research report presents a comprehensive assessment of the Vertical Immersion Pumps market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Vertical Immersion Pumps market segments such as component, type, application, end-user and region, etc.

The report covers an exhaustive analysis on:

• Vertical Immersion Pumps Market Segments
• Vertical Immersion Pumps Market Dynamics
• Vertical Immersion Pumps Market Size
• Vertical Immersion Pumps Volume Analysis
• Vertical Immersion Pumps Adoption Rare
• Vertical Immersion Pumps Current Trends/Issues/Challenges
• Vertical Immersion Pumps Competition & Companies involved
• Vertical Immersion Pumps Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, Italy, France, U.K, Spain, Russia)
• South Asia (India, ASEAN)
• East Asia (China, Japan, South Korea)
• Oceania (Australia & New Zealand)
• The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Bi-metallic Band Saw Blade market segments and geographies.

Vertical Immersion Pumps Market: Segmentation 

Globally, the vertical impression pump market can be segmented based on material, and application

Based on the material, the vertical immersion pumps market can be segmented into,

• PP (GFR)
• PVDF
• Cast iron
• Ductile cast iron
• WCB
• Others

Based on the application, the vertical immersion pumps market can be segmented into,

• Irrigation
• Potable water supply
• Plant make-up water
• Water cooling
• Dewatering
• Geothermal well
• Electroplating

The market for smart waste management is expected to reach a value of US$ 2 billion in total sales in 2022, growing at a 20% CAGR during the assessment period. Globally expanding smart city construction is anticipated to support market expansion and drive market revenue to almost $5 billion by 2032.

The overall cost of waste management, including transportation and collection, is reduced by almost 50% thanks to smart waste management. The management of waste produced by homes, businesses, streets, public spaces, hospitals, and other institutions is referred to as smart waste management.

The evolution of solid waste is a major threat to community and environment and at the same time can be useful as strategic renewable resource. Municipal waste remains a foreseeable by-product of civilization and a main target for advancement in technology. Meanwhile, the waste management market is entering a period of active change as the total volume of waste generated is estimated to grow from 1.5 billion tons in 2014 to 2.3 billion tons by the end of 2025.

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Smart waste management uses smart technologies such as a Radio Frequency Identification (RFID) disposal tags, vacuum containers, sensor containers, which provide real time fill measurement of solid municipal waste. Smart waste management ultimately reduces fuel and service cost. Proper and efficient management of solid waste through smart waste management can solve many problems related to environmental pollution, climatic changes and public health.

Global Smart Waste Management Market: Drivers & Restraints

More than 90% of waste volume is expected to be generated from Asia Pacific and Africa, primarily in emerging economies such as India and China. The growing volume of e-waste is a major concern at the global level which drives the global smart waste management market during the forecast period. Rapid advancement in technology and increasing purchasing power of consumers have played a major role in generation of electronic waste.

Consumers tend to replace the older or obsolete products with the latest version available in the market leading to dramatic rise in e-waste worldwide. Effective and advanced smart waste management technologies like gasification and RFID are gaining momentum in developed economies of North America and Western Europe.

The development of advanced infrastructure to support the smart waste management market is very expensive which acts as a major challenge in most of the developing countries all over the globe. Increasing urbanization rates followed by rising incomes are some other factors which fuel the global smart waste management market during the forecast period.

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Global Smart Waste Management Market: Region-wise Outlook

In terms of geography, the global smart waste management market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global smart waste management market is expected to register a double digit CAGR during the forecast period. North America followed by Western Europe and Asia Pacific are expected to dominate the smart waste management by the end of 2025. Asia Pacific, especially its emerging economies of India and China is expected to register a high CAGR among all other regions by the end of 2025.

Global Smart Waste Management Market: Key Players

Key players in the global smart waste management market include Covanta Energy, Republic Services, Veolia North America, BRE SMART Waste, Harvest Power and Recycle Smart Solutions.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, services and applications.

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Key Segments Profiled in the Smart Waste Management Industry Survey

Smart Collection:

• RFID Technology (Radio Frequency Identification)
• GPS Routing Systems
• Vacuum Systems
• Fuel Switching

Smart Processing:

• Advanced MRFs
• Mechanical Biological Treatment
• RDF Facilities

Smart Energy Recovery:

• Waste to Energy (WTE)
• Incineration
• Incineration Variants
• Advanced Thermal Recycling
• Biological Treatment
• Direct Use
• Electricity Generation
• Vehicular Use
• Advanced Thermal Treatment
• Gasification
• Pyrolysis
• Plasma Arc Gasification
• Waste to Fuel (W2F)

Smart Disposal:

• Sanitary Landfills
• Bioreactor landfills
• Landfill and Solar Integration

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

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In 2021, it is anticipated that the global anechoic chamber market will be worth USD 1.2 billion. Sales of the same are anticipated to reach USD 2 Bn between 2022 and 2032, growing at a CAGR of 21.7 percent.

Another salient factor contributing to the market expansion is the increasing need for testing electronics. Moreover, the growing demand for anechoic chambers for electromagnetic compatibility pre-compliance testing and the rising application of industry-specific customized anechoic chambers are other vital factors bolstering the industry in the forecast period.

On the contrary, increasing incidents of errors and high expenses involved in electromagnetic compatibility testing are expected to hinder the market growth in the forecast period. Also, increased lead time for overseas qualification assessment is another cause likely to hamper the industry growth in the coming time. However, the emergence of 5G technology and the growth of hybrid as well as electric vehicles have been projected as the upcoming trend in the market during the forecast period.

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 List Of Key Players Covered in Anechoic Chamber Market are:

• ESCO Technologies
• TDK Corporation
• Microwave Vision Group
• Franconia Group
• Eckel Industries

Key Takeaways:

• The global anechoic chamber market to value USD 1.2 Bn in 2021
• The global anechoic chamber market to expand at 21.7% during the forecast period
• The global anechoic chamber market to procure USD 2 Bn
• IT & Telecommunication to expand at a 4% growth rate
• The US market to garner 700 Mn while recording a 3.5% CAGR during the forecast period

“Ongoing efforts for the development and commercialization of 5G technology across the globe is anticipated to be the major contributor to market expansion. Such efforts by various nations are offering various opportunities for the chamber since it is used for testing 5G testing transmission antennas through EMI/ RF/ EMC testing,” says an FMI analyst.

Competitive Landscape

Key players in the global anechoic chamber market ESCO TECHNOLOGIES, TDK CORPORATION, MICROWAVE VISION GROUP, FRANCONIA GROUP, and ECKEL INDUSTRIES, among others.

Recent developments among players are:

• In January 2022, Audio-Technica Fukui Co., a Japanese company, disclosed its electromagnetic anechoic chambers which would measure the radio waves emitted by devices like wireless earphones and microphones at very high precision so that the company could be sure about their compliance with each country’s different radio emission standards.
• In 2020, Mphasis, an IT solution provider specializing in cloud and cognitive services, announced the opening of a state-of-the-art Hi-Tech Wireless Chamber in Banglore, India. The chamber is equipped with Radio Frequency Shielding for IoT, Wi-Fi, and 5G, allowing Mphasis to deliver advanced testing and certification services for these technologies.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global anechoic chamber market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (semi anechoic chamber, full anechoic chamber) and application (automotive, military and defense, it and telecommunications, consumer appliances and electronics, medical, others), across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America).

Detailed Table of Content:

• Executive Summary
  • Global Market Outlook
  • Summary of Statistics
  • Key Market Characteristics & Attributes
  • Fact.MR Analysis and Recommendations
• Market Overview
  • Market Coverage / Taxonomy
  • Market Definition / Scope / Limitations
• Market Risks and Trends Assessment 
  • Risk Assessment
    • COVID-19 Crisis and Impact on Anechoic Chamber Demand
    • COVID-19 Impact Benchmark with Previous Crisis
    • Impact on Market Value (US$ Mn)
    • Assessment by Key Countries
    • Assessment by Key Market Segments
    • Action Points and Recommendation for Suppliers
  • Key Trends Impacting the Market
  • Formulation and Product Development Trends
• Market Background and Foundation Data Points 
  • Global Protective Coatings Market (US$ Mn)
  • Anechoic Chamber Market Opportunity Assessment (US$ Mn)
    • Total Available Market
    • Serviceable Addressable Market
    • Serviceable Obtainable Market
  • Market Scenario Forecast
    • Demand in optimistic Scenario
    • Demand in Likely Scenario
    • Demand in Conservative Scenario
  • Investment Feasibility Analysis
    • Investment in Established Markets
      • In Short Term
      • In Long Term
    • Investment in Emerging Markets
      • In Short Term
      • In Long Term
  • Forecast Factors – Relevance & Impact
    • Top Companies Historical Growth
    • Global Protective Coatings Market Growth
    • Anechoic Chamber Adoption Rate, By Country
  • Market Dynamics
    • Market Driving Factors and Impact Assessment
    • Prominent Market Challenges and Impact Assessment
    • Anechoic Chamber Market Opportunities
    • Prominent Trends in the Global Market & Their Impact Assessment
• Key Success Factors 
  • Manufacturers’ Focus on Low Penetration High Growth Markets
  • Banking on with Segments High Incremental Opportunity
  • Peer Benchmarking

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Asia Pacific Urea Strippers Market is the leading region in terms of both market value and volume. The growth of the region is supported by the expanding agricultural base in Asia Pacific.

Governments in the region are constantly launching projects such as the climate-smart agriculture (CSA) project that aims at developing the understanding of indigenous and research-derived information for increasing the adaptive capabilities and productivity of smallholder farmers by climate-smart and gender-sensitive sustainable intensification strategies.

Such projects are directly benefiting the urea stripper market. Moreover, key players are concentrating on policies to provide high-end stripping columns to provide a higher yield of urea and with better operational performance.

Presence of the majority of leading players such as Larsen & Toubro, ISGEC Heavy Engineering Ltd, Toyo Engineering India Pvt. Ltd, Paramount Limited, and Kay Iron Works (Jorian) Pvt. Ltd in the region supporting the growth of the market.

Key Takeaways from the Urea Strippers Market Report

• There has been an increasing demand for urea strippers in the chemical process industry due to their application in various sectors like agriculture and automotive products.
• Fertilizer production will continue to expand in the coming years, consequently, demand for urea strippers will keep rising at a steady pace
• Increasing use of urea in end-use industries is expected to help East Asia and South Asia Pacific to continue their dominance in the market
• Urea strippers market growth is locally driven due to maximum consumption being recorded in regions manufacturing them

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“Globally, demand is steadily growing for fertilizer projects due to economic growth and population increase in emerging markets. It is expected that the application of urea strippers in these sectors will continue to grow constantly over the period of time. Rising investment in fertilizer due to stabilization of raw material prices is favoring growth of the market. At the same time, companies are looking for options that will help them contribute towards the protection of the environment,” said a lead FMI analyst.

Who is winning?

Manufacturers have begun creating new technologies and innovations to maximize profit. The tier 1 and tier 2 players’ are major shareholders in the urea strippers market. This has increased competition among the players, leading to newer developments in the field. They are now shifting their focus towards partnerships with different businesses to increase market awareness.  Countries with economies that are dependent on agriculture hold a significant hold in the market.

Some of the key players in the urea strippers market are Toyo Engineering India Pvt. Ltd., ISGEC Heavy Engineering Ltd., Paramount Ltd., Kay Iron Works (Jorian) Private Limited, Larsen & Toubro, Mangiarotti Spa, Saipem S.p.A., Feeco International Inc. and Alfa Laval.

Valuable Insights into the Urea Strippers Market Report

FMI has published a study compiling analysis based on the urea strippers market for the years 2015-2019 and presented a detailed assessment for the 2020-2030 period. To cover all aspects of the industry, the market is divided into various segments.

Key Segments

Material of Construction

• Duplex Steel
• Stainless Steel
• Zirconium
• Titanium
• 25 Cr-22Ni-2Mo
• 316 L- UG

Capacity

• Up to 1,000 MTPD
• 1,000-1,500 MTPD
• 1,500-3,500 MTPD
• Above 3,500 MTPD

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Competitive Landscape

The global urea stripper market is consolidated due to the presence of tier 1 and tier 2 players across the globe accounting for a fairly significant share. Players operating in the market are increasingly engaging in ventures with collaboration and acquisitions to further expand their consumer base.

The key players in the urea stripper market are working to launch innovative solutions for urea manufacturers by integrating licensed technology with their products which are expected to gain a competitive advantage.

Some of the leading players in the urea stripper market include

• Larson & Toubro
• Saipem S.p.A.
•  Stamicarbon
• Urea Casale
• TOYO India
• ALFA LAVAL

According to FMI, this is going to remain a key growth factor throughout the assessment period For instance TOYO India’s ACES21® is advantageous in low investment cost and low energy consumption for urea production. ACES21® has been developed together with P.T. Pupuk Sriwidjaja (PUSRI) of Indonesia as a cost and energy-saving version of the ACES Process.

The global commercial kitchen ventilation system market is anticipated to be appraised at US$ 3621.4 million by 2032, up from US$ 2476.1 million in 2022 with a CAGR of 3.9% during the forecast period.

Technological advancement has led to wide adoption of effective equipment across home settings. One such technology that is gaining high prominence among users is kitchen ventilation system. A commercial kitchen ventilation system includes both air exhausts as well as replacement air facility within the cooking area.

A commercial kitchen is filled with fumes and smokes during working hours, creating an unhealthy environment for kitchen staff. The fumes condensate/grease on the kitchen equipment, ceilings, and walls, creating an unsanitary environment and potentially deteriorating the surfaces of the walls and ceilings.

The most important considerations are hygiene, comfort for those working in the kitchen, the efficiency of the ventilation system, and fire prevention. The primary goal of a ventilation system in a commercial kitchen is to have a proper filtration system so that smoke, oil, grease, and other particulate contaminants can be easily removed by filtering air.

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Commercial Kitchen Ventilation System Market: Drivers & Restraints

The major factors driving the growth of the global Commercial Kitchen Ventilation System Market are implementation of stringent regulations regarding VOC emission, increasing standard of living, rising per capita and disposable income, increasing awareness regarding greenhouse effect and substantial rise in pollution across the globe. Moreover, ongoing trends such as adoption of Demand Controlled Ventilation (DCV) system are expected to boost market growth. Though this market is bound to witness significant growth rate over the forecast period, high cost of equipment is proving a major challenge to overall adoption of commercial kitchen ventilation systems.

Commercial Kitchen Ventilation System Market: Segmentation

The global Commercial Kitchen Ventilation System Market is segmented on the basis of application type, fan type, and region. On the basis of application type, the global Commercial Kitchen Ventilation System Market is segmented into restaurants, hospitals, corporate offices, and others. The restaurants segment is further segmented into hotels, five star hotels, and others. On the basis of fan type, the global Commercial Kitchen Ventilation System Market is segmented into high volume low speed fans, axial fans, centrifugal fan sets, bifurcated fan sets, belt driven axial fans, in-line centrifugal and mixed flow impellers, and roof extract fans.

Commercial Kitchen Ventilation System Market: Region-wise outlook

Region wise, the global Commercial Kitchen Ventilation System Market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global Commercial Kitchen Ventilation System Market is expected to register healthy CAGR during the forecast period. Asia pacific is expected to dominate Commercial Kitchen Ventilation System Market throughout the forecast period.

Significant presence of commercial restaurants along with substantial rise in overall consumer spending is expected to drive the demand for kitchen ventilation in the region. Next, North America and Europe are expected to create substantial demand for commercial kitchen ventilation systems. Market in Latin America and Middle East & Africa is expected to grow at a subdued rate owing to low consumer spending.

Commercial Kitchen Ventilation System Market: Key Players

The Key players operating into the Commercial Kitchen Ventilation System Market are Britannia kitchen ventilation ltd, CaptiveAire Systems Inc., Centrotee Sustainable AG, Greenheck Fan Corporation, Munters AB, Nortek Incorporated, Flakt Woods Group and Solar & Palau Group. Major players in the global Commercial Kitchen Ventilation System Market are focused on product innovation and product certification to maintain their competitive edge in the global Commercial Kitchen Ventilation System Market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application type, and fan type.

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