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Here are some crucial facts about the residential ventilation fans market
Residential ventilation fans industry growth is driven by growing awareness about the increased benefits to the health by maintaining the air quality at home. In 2017, the leading segment by product in the residential ventilation fans was axial fans, followed by centrifugal fans and in-line fans. The advent of smart residential fans and the growing adoption of smart homes is forecasted to augment the growth of the residential ventilation fans market. APAC region will drive the largest incremental growth for the market, while the Americas will witness a faster growth in their market shares than the EMEA region.
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Growing consciousness about health and increased awareness about the advantages of maintaining better indoor air quality will drive the demand for residential ventilation fans across the globe. In addition, changing climatic conditions coupled with rapid industrialization are depleting the quality of air which will also contribute to the growth of the residential ventilation fans market. Poor air quality results in higher rates of respiratory disorders such as asthma and allergies which is compelling consumers to increasing adopt residential ventilation fans. Air ventilation systems for home help reduce excess moisture in the indoor environment and maintain better air quality and this factor will also enable a surge in demand for residential ventilation fans worldwide.
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Most of the leading vendors in the global residential ventilation fans market are focused on offering new products with innovative features to adopt product differentiation policy and increase their customer base. Several leading ventilation fan manufacturers are expected to develop and introduce new products in the market to counter the evolving consumer behavior and augment their revenues. The changing lifestyles of the consumers and their growing need for convenient and effective products are also likely to play a key role in boosting the demand for residential ventilation fans during the next five years. Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
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