North America Destratification Fan Market Forecast to 2028 - COVID-19 Impact and Analysis by Installation (Open Ceiling and Grid Ceiling), Application (Retail, Warehouse & Distribution, Manufacturing Facilities, Agriculture & Livestock, Aviation, Offices, Hospitality & Hotels, and Others), and Sales Channel (On-line and Off-line)
The destratification fan market was valued at US$ 204.9 million in 2021 and is projected to reach US$ 341.8 million by 2028; it is expected to grow at a CAGR of 7.6% from 2021 to 2028.
Increased population and improvements in residential infrastructure development enable massive growth contributors in the destratification fan market, thanks to technological advancements and the growing adoption of smart technologies. Thermal stratification has the main disadvantage of making heating, ventilation, and air conditioning (HVAC) systems work harder to maintain an even temperature. To combat the effects of thermal stratification, HVAC systems must over-deliver on hot or cool air. Extreme temperature differences are more likely in buildings with high ceilings. The wasted heat at the top of the building will invariably reach its peak or rise by up to 14 degrees Celsius, further raising the temperature.
Conversely, heavier, more difficult-to-distribute cooled air is squandered by sinking too low points in a building or becoming trapped in hard-to-circulate areas. Further, as a result, energy bills are higher, and the environment is rarely in good shape due to the installation of a costly HVAC system. As a result, the Destratification Fan provides several benefits, including reducing heating costs by 20%–50%, cooling costs by 20%–40%, maintaining an optimal working/retail environment, and reducing CO2 emissions by 20%–50%. The rising trend of federal governments in North America towards net-zero emissions reduced carbon footprints and adopting ecologically sustainable products further boosts the region's market growth.
On the basis of installation, the destratification fan market is divided into the open ceiling and grid ceiling. The open ceiling segment holds a significant amount of revenue shares in the market. The downstream demand markets are driving the growth of the destratification fan market. On the basis of application, the destratification fan market is segmented into retail, warehouse & distribution, manufacturing facilities, agriculture & livestock, aviation, offices, hospitality & hotels, and others. The office segment holds a significant amount of revenue shares in the destratification fan market. Recent developments in fan technology, temperature control units, etc. are the major factors driving the adoption of destratification fans across North America. On the basis of sales channels, the destratification fan market is bifurcated into online and offline. The online, segment holds a significant amount of revenue shares in the destratification fan market.
Impact of COVID-19 Pandemic on destratification fan market
COVID-19 has a negative impact on destratification fans market in North America. The demand for ventilation systems increased as medical facilities required cleaner, fresh air than ever before. Unfortunately, disrupted supply chains forced contractors to reconsider their worldwide supply networks, while the coronavirus itself forced companies to think about how to keep both employees and customers safe. According to some industry experts, April 2019 was the most difficult month for the HVAC business. According to HARDI (Heating, Air-conditioning, and Refrigeration Distributors International), between April 2020 and April 2019, the average distributor in the United States suffered a 19% drop in sales. Despite the fact that sales began to rise again in the summer of 2020, the unemployment rate was expected to continue to have a negative impact on the industry, as fewer firms were willing to invest on HVAC, especially with so many people out of work. The pandemic impacted construction as well as HVAC and other service-related sectors. According to a survey conducted by the American Institute of Architects (AIA) in September 2020, construction activity was predicted to decrease throughout the year and into 2021. Hotel construction was predicted to drop by more than 20%, while recreational and entertainment facilities would drop by 13%, offices by 11%, retail by 8%, and education by 7%.
Lucrative Countries for destratification fan market
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Market Insights– destratification fan market
Increasing need for the energy-efficient ventilation system in North America
Proper and effective ventilation plays a very important role in an energy-efficient home. The amount and type of ventilation that is "suitable" varies from house to house and from occupant to occupant. Various households will have different occupancy levels (people and pets), schedules, activities, health concerns, and other preferences, all of which will influence the proper ventilation systems and functioning. Ventilation also aids in moisture control, lowering the risk of mold growth and structural damage. The American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) Standard 62.2 specifies how a home's living area should be ventilated.
Installation -Based destratification fan market Insights
On the basis of installation, the destratification fans market is divided into the open ceiling and grid ceiling. The open ceiling segment holds a significant amount of revenue shares in the market. The downstream demand markets are driving the growth of the destratification fans market..
Application -Based destratification fan market Insights
On the basis of application, the destratification fan market is segmented into retail, warehouse & distribution, manufacturing facilities, agriculture & livestock, aviation, offices, hospitality & hotels, and others. The office segment holds a significant amount of revenue shares in the market.
Sales Channel - Based destratification fan market Insights
On the basis of sales channels, the destratification fans market is bifurcated into online and offline. The online, segment holds a significant amount of revenue shares in the market..
Destratification Fan market - Strategic Insights
Players operating in the market are mainly focused on developing advanced and efficient products.
In April 2020, VENTS-US in the North American market, the company product lines are becoming more popular. The increased demand for the company's products necessitated the expansion of the office and warehouse areas. The company will be able to store more products and become more flexible for their existing partners and the market as a whole by moving to the new facility. The new facilities now have a total area of 3,000 square feet for the office and 20,000 square feet for the warehouse. The new address of the company is 400 Murray Road, Cincinnati, OH 45217.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Destratification Fan Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Destratification Fan Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing need for the energy-efficient ventilation system
5.1.2 The rapid growth of the construction industry
5.2 MARKET RESTRAINTS
5.2.1 High cost of destratification fans and availability of low-quality products in the local market
5.3 Market Opportunities
5.3.1 Growing awareness coupled with rising disposable income
5.4 FUTURE TRENDS
5.4.1 The growing popularity of the “Green Building” concept
5.5 Impact Analysis of Drivers and Restraints
6. Destratification Fan Market – North America Market Analysis
6.1 North America Destratification Fan Market Overview
6.2 North America Destratification Fan Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Destratification Fan Market Analysis – By Installation
7.1 Overview
7.2 Destratification Fan Market, by Type (2020 and 2028)
7.3 Open Ceiling
7.3.1 Overview
7.3.2 Open Ceiling: Destratification Fan Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Grid Ceiling
7.4.1 Overview
7.4.2 Grid Ceiling: Destratification Fan Market– Revenue and Forecast to 2028 (US$ Million)
8. Destratification Fan Market – By Application
8.1 Overview
8.2 Destratification Fan Market, by Application (2020 and 2028)
8.3 Retail
8.3.1 Overview
8.3.2 Retail: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Warehouse & Distribution
8.4.1 Overview
8.4.2 Warehouse & Distribution: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Manufacturing Facilities
8.5.1 Overview
8.5.2 Manufacturing Facilities: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Agriculture & Livestock
8.6.1 Overview
8.6.2 Agriculture & Livestock: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Aviation
8.7.1 Overview
8.7.2 Aviation: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Offices
8.8.1 Overview
8.8.2 Offices: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Hospitality & Hotels
8.9.1 Overview
8.9.2 Hospitality & Hotels: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
8.10 Others
8.10.1 Overview
8.10.2 Others: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
9. Destratification Fan Market – By Sales Channel
9.1 Overview
9.2 Destratification Fan Market, by Sales Channel (2020 and 2028)
9.3 On-Line
9.3.1 Overview
9.3.2 On-Line: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Off-Line
9.4.1 Overview
9.4.2 Off-Line: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
10. Destratification Fan Market – Geographic Analysis
10.1 Overview
10.2 North America: Destratification Fan Market
10.2.1 North America Destratification Fan Market, Revenue and Forecast to 2028 (US$ million)
10.2.2 North America destratification fan Market Breakdown, Installation
10.2.3 North America Destratification Fan Market Breakdown, By Application
10.2.4 North America Destratification Fan Market Breakdown, By Sales Channel
10.2.5 North America Destratification Fan Market Breakdown, by Country
10.2.5.1 US Destratification Fan Market, Revenue and Forecast to 2028
10.2.5.1.1 US Destratification Fan Market Breakdown, Installation
10.2.5.1.2 US Destratification Fan Market Breakdown, by Application
10.2.5.1.3 US Destratification Fan Market Breakdown, by Sales Channel
10.2.5.2 Canada Destratification Fan Market, Revenue and Forecast to 2028
10.2.5.2.1 Canada Destratification Fan Market Breakdown, Installation
10.2.5.2.2 Canada Destratification Fan Market Breakdown, by Application
10.2.5.2.3 Canada Destratification Fan Market Breakdown, by Sales Channel
10.2.5.3 Mexico Destratification Fan Market, Revenue and Forecast to 2028
10.2.5.3.1 Mexico Destratification Fan Market Breakdown, Installation
10.2.5.3.2 Mexico Destratification Fan Market Breakdown, by Application
10.2.5.3.3 Mexico Destratification Fan Market Breakdown, by Sales Channel
11. Impact of COVID-19 Pandemic on Destratification Fan Market
11.1 Overview
11.2 Impact of COVID-19 Pandemic on North America Destratification Fan Market
11.2.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 ZOO FANS INC.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Airius, LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Air-Row Fan Company
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Canarm Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Refresh Fans
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 VENTS US
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Texas Electronics Canada Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 DRD System
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Continental Fan.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Delta T LLC
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. North America Destratification Fan Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. North America Destratification Fan Market, Volume and Forecast, 2019–2028 (Units)
Table 3. North America Destratification Fan Market, Average Price and Forecast, 2019–2028 (US$)
Table 4. North America Destratification Fan Market, Revenue and Forecast To 2028 – Type (US$ million)
Table 5. North America Destratification Fan Market, Revenue and Forecast To 2028 – By Application (US$ million)
Table 6. North America Destratification Fan Market, Revenue and Forecast To 2028 – By Sales Channel (US$ million)
Table 7. US Destratification Fan Market, Revenue and Forecast to 2028 – Type (US$ million)
Table 8. US Destratification Fan Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 9. US Destratification Fan Market, Revenue and Forecast to 2028 – By Sales Channel (US$ million)
Table 10. Canada Destratification Fan Market, Revenue and Forecast to 2028 – Installation (US$ million)
Table 11. Canada Destratification Fan Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 12. Canada Destratification Fan Market, Revenue and Forecast to 2028 – By Sales Channel (US$ million)
Table 13. Mexico Destratification Fan Market, Revenue and Forecast to 2028 – Installation (US$ million)
Table 14. Mexico Destratification Fan Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 15. Mexico Destratification Fan Market, Revenue and Forecast to 2028 – By Sales Channel (US$ million)
Table 16. Glossary of Terms, Destratification fan Market
LIST OF FIGURES
Figure 1. Destratification Fan Market Segmentation
Figure 2. Destratification Fan Market Segmentation – Geography
Figure 3. Destratification Fan Market Overview
Figure 4. Destratification Fan, by Installation
Figure 5. Destratification Fan Market, by Application
Figure 6. Destratification Fan Market, by Sales Channel
Figure 7. North America: PEST Analysis
Figure 8. Destratification Fan Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Destratification Fan Market Impact Analysis of Drivers and Restraints
Figure 11. North America Destratification Fan Market
Figure 12. North America Destratification Fan Market, Forecast and Analysis (US$ Mn)
Figure 13. Market Positioning- Top Five Players
Figure 14. Destratification Fan Market Revenue Share, by Type (2020 and 2028)
Figure 15. Open Ceiling: Destratification Fan Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Grid Ceiling: Destratification Fan Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. Destratification Fan Market Revenue Share, by Application (2020 and 2028)
Figure 18. Retail: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Warehouse & Distribution: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Manufacturing Facilities: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Agriculture & Livestock: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Aviation: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Offices: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Hospitality & Hotels: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Destratification Fan Market Revenue Share, by Sales Channel (2020 and 2028)
Figure 27. On-Line: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Off-Line: Destratification Fan Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Destratification Fan Market Breakdown, by Region, 2020 & 2028 (%)
Figure 30. North America Destratification Fan Market, Revenue and Forecast to 2028 (US$ million)
Figure 31. North America destratification fan Market Breakdown, Installation, 2020 & 2028 (%)
Figure 32. North America Destratification Fan Market Breakdown, By Application, 2020 & 2028 (%)
Figure 33. North America Destratification Fan Market Breakdown, By Sales Channel, 2020 & 2028 (%)
Figure 34. North America Destratification Fan Market Breakdown, by Country, 2020 & 2028 (%)
Figure 35. US Destratification Fan Market, Revenue and Forecast to 2028 (US$ million)
Figure 36. Canada Destratification Fan Market, Revenue and Forecast to 2028 (US$ million)
Figure 37. Mexico Destratification Fan Market, Revenue and Forecast to 2028 (US$ million)
Figure 38. Impact of COVID-19 Pandemic in North American Country Markets
- Zoo Fans Inc
- Canarm LTD
- Vents Us
- Continental Fan
- Delta T LLC
- Airius, LLC
- Air-Row Fan Company
- Refresh Fans
- Texas Electronics Canada Inc
- DRD System
- To understand the North America destratification fans market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the North America destratification fans market
- To efficiently plan M&A and partnership deals in the North America destratification fans market by identifying market segments with the most promising probable sales
- To help in taking knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments in the North America destratification fans market
- To obtain North America destratification fans market revenue forecast by various segments from 2021 to 2028 in North America.