According to a new report, published by KBV research, The Global Commercial Fan and Air Purification Equipment Market size is expected to reach $131.2 billion by 2030, rising at a market growth of 8.4% CAGR during the forecast period.
The Air Purification Equipment segment acquired maximum revenue in the Global Commercial Fan and Air Purification Equipment Market by Equipment Type in 2022; thereby, achieving a market value of $56.7 billion by 2030. Air purifier equipment is used more frequently in commercial facilities like theaters, hotels, airports, hospitals, retail malls, etc. Poor indoor air quality is now a major concern for hospitals, retail malls, schools and other commercial buildings since it has a negative impact on people's health and well-being. Increased CO2 emissions and significant volumes of smoke released by industry may worsen asthma, cancer, and other cardiovascular and respiratory conditions.
The Less Than 200 Square Ft segment would register a CAGR of 8.6% during (2023 - 2030). Commercial fans in this power range can provide targeted air circulation, ensuring even distribution of air throughout space. This helps prevent hotspots and maintains a consistent temperature in the area. Air purification equipment in this range can effectively remove airborne particles, allergens, pollutants, and odors from the indoor air.
The Asia Pacific region dominated the Global Commercial Fan and Air Purification Equipment Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $48.8 billion by 2030. The Europe market is anticipated to grow at a CAGR of 7.9% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 7.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/commercial-fan-and-air-purification-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Regal Rexnord Corporation, Panasonic Corporation, 3M Company, Daikin Industries Ltd., Hitachi, Ltd., Carrier Global Corporation, SPX Flow, Inc., Honeywell International Inc., Sharp Corporation and Illinois Tool Works Inc.
By Equipment Type
By Power Range Type
By Geography
Companies Profiled
Unique Offerings 
