Industry Experts - Market Research Reports, Industry Analysis, Custom Research

Industry Experts released the 2017 version of its European market report on Ventilation Equipment titled ‘ Ventilation Equipment – A European Market Overview ’. As per the new report, Germany estimated the largest producer of ventilation equipment with 13.7 million units in 2017 while Italy follows with 5.4 million units. In terms of Fan type, Axial Fans accounts for 8.5 million units followed by Range Hoods and Domestic Exhaust Fans with 6.7 million units and 5.9 million units respectively in the same year. Driven by stringent regulations introduced by the European Union to reduce energy consumption in buildings, the European ventilation industry is expected to benefit from the increasing demand for energy efficient ventilation products. Modest but steady growth in construction activity in the residential and commercial sectors would enhance demand for ventilation equipment. Other factors, such as awareness about importance of indoor air quality would go a long way in renewing mark...