Thermo ventilators market is anticipated to grow at a CAGR of 5.6% during the forecast period (2023-2030). Thermo ventilators are device that regulates the temperature of a space by circulating air. The primary factor supporting the market growth includes the increasing household income of the global population along with the rising investments in construction and infrastructure development in emerging countries. Additionally, owing to the increase in temperature due to climate changes and increasing heatwaves coming from sun are some other factors fueling the demand for thermo ventilators. Hence, the market players are also focusing on introducing upgraded, well-equipped, and advanced thermo ventilators solutions to cater to the rising demand. For instance, in May 2023, Denso Corp. introduced thermal management heat pump system which will provide optimal management of thermal energy required in the vehicle. This will improve both energy efficiency and comfort which will help in refrigeration cycle contributes to improvement of comfort while reducing energy consumption by producing cooling air, warm water and cold water.
The global thermo ventilators market is segmented on the type, and end user. Based on the type, the market is sub-segmented into, wall mounter, window mounter, celling mounted, and portable. Based on the end user, the market is sub-segmented into residential and commercial. Among the end user, the residential sub-segment is anticipated to hold a considerable share of the market owing to the rising urbanization and use of thermos ventilators in normal households due to the increasing temperature and polluted air.
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- Market Coverage
- Market number available for – 2023-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Thermo Ventilators Market Segmentation
By Type
- Ceiling Mounted
- Window Mounted
- Wall Mounted
- Portable
By End User
- Commercial
- Residential
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Company Profiles
- Aereco Group
- Delta Electronics, Inc.
- Fuji Electric Co., Ltd.
- Havells India Ltd.
- Honeywell International Inc.
- Lennox International Inc
- LG Corp
- Rexnord Electronics & Controls Ltd
- Sauter Controls GmbH
- Siemens
- Surya Roshni Ltd.
- Systemair AB
- Vaisala Oyj
- Volution Group Plc.
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