Overview and Scope
The attic and exhaust fans refer to a device that are used in warmer months when temperatures in an attic can exceed 120 °F (49 °C) or to pull excess moisture and unwanted odors out of a particular room or area.
Sizing and Forecast
The attic and exhaust fans market size has grown strongly in recent years. It will grow from <b>$9.53 billion in 2023 to $10.29 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. </b> The growth in the historic period can be attributed to energy efficiency concerns, climate change awareness, building regulations, home renovation trends.
The attic and exhaust fans market size is expected to see strong growth in the next few years. It will grow to <b>$13.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. </b> The growth in the forecast period can be attributed to increasing temperatures, energy efficiency standards, smart home integration, green building practices, urbanization and population growth, renovation and retrofitting, health and indoor air quality. Major trends in the forecast period include improved ventilation technology, quiet operation, sustainable materials and manufacturing, solar-powered fans.
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Segmentation & Regional Insights
The attic and exhaust fans market covered in this report is segmented –
1) By Type: Attic Fans, Exhaust Fans
2) By Material: Metal, Plastic 3) By Application: Industrial, Commercial, Residential
The <b>Asia-Pacific</b> was the largest region in the attic and exhaust fans market in 2023. <b>Western Europe</b> was the second largest region in the attic and exhaust fans market. The regions covered in the attic and exhaust fans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing construction industry is expected to propel the growth of the attic and exhaust fans market going forward. The construction industry is a sector of the economy that involves planning, designing, constructing, maintaining, and repairing buildings, infrastructure, and industrial facilities. Attic ventilation fans can help to lower attic temperatures and remove excess moisture, which can help to reduce air-conditioning energy costs, optimize the service life of a roof covering, and minimize ice damming. For instance, according to the United States Census Bureau, a US-based government agency, in August 2023, the United States construction industry experienced an estimated seasonally adjusted annual rate of $1,983.5 billion in spending, which is 0.5% above the revised July estimate of $1,973.7 billion. The August figure is 7.4% above the August 2022 estimate of $1,847.3 billion. Thus, the growing construction industry is driving the growth of the attic and exhaust fans market.
Key Industry Players
Major companies operating in the attic and exhaust fans market include <b>Greenhack, Systemair, Twin City Fan, Howden, Soler & Palau, Attic Breeze LLC, Industrial Fans Direct, Daltec Fans, Atmox Inc., Wayne’s Solar Inc., Johnson Controls, Nanfang Ventilator, Munters, Polypipe Ventilation, Greenwood Airvac</b>
The attic and exhaust fans market report table of contents includes:
1. Executive Summary
2. Attic And Exhaust fans Market Characteristics
3. Attic And Exhaust fans Market Trends And Strategies
4.Attic And Exhaust fans Market analysis
5.Attic And Exhaust fans Market Size And Growth
6.Attic And Exhaust fans Segmentation
7. Attic And Exhaust fans Regional And Country Analysis
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27.Attic And Exhaust fans Competitive Landscape And Company Profiles
28.Attic And Exhaust fans Key Mergers And Acquisitions
29.Attic And Exhaust fans Future Outlook and Potential Analysis
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