Major players in the attic and exhaust fans market are Greenhack, Systemair, Twin City Fan, Howden, Soler & Palau, Attic Breeze LLC, Industrial Fans Direct, Daltec Fans, Atmox Inc., Wayne’s Solar, and Inc.
The global attic and exhaust fans market is expected to grow from $6.01 billion in 2020 to $6.1 billion in 2021 at a compound annual growth rate (CAGR) of 1.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.17 billion in 2025 at a CAGR of 7.6%.
The attic and exhaust fans market consists of sales of attic and exhaust fans by entities (organizations, sole traders, and partnerships) that produce attic and exhaust fans which 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. Only goods and services traded between entities or sold to end consumers are included.
Increasing demand for smart attic fans is an emerging trend in the attic and exhaust fans market.A smart attic fan is a device that has a built-in thermostat/humidistat, variable speed motor, and operated using applications.
For instance, QuietCool AFG SMT-3.0 smart attic fan from Quiet Cool Colorado runs at the 3,000 CFM setting when the attic is at its hottest point and again the smart attic fan automatically cycle itself down to the lower speeds as the attic starts to cool down.
The attic and exhaust fans market covered in this report is segmented by type into attic fans; exhaust fans. It is also segmented by application into industrial; commercial; residential.
Exhaust fans can cause depressurization in a house and this factor is expected to limit the growth of the attic and exhaust fans market.Exhaust fans can depressurize a house and lowers the pressure indoors with respect to the outside.
Depressurized-houses or places will also have a higher difference in temperature between inside and outside.The risk of the absence of pressure in a house results in higher utility costs, poor indoor air quality, and damp inside walls of houses.
Therefore, such factors are expected to have a negative impact on the growth of the attic and exhaust fans market.
The growth in the number of industries across the world contributed to the growth of the attic and exhaust fans market.Exhaust fans are used to remove contaminants like dust, fumes, and vapors, to provide a safe environment for work.
For example, a steel manufacturing plant uses an exhaust fan to create the difference between indoor and outdoor air environment so that airflow can be generated to eliminate the exhausting gas while manufacturing. According to India Brand Equity Foundation (IBEF), in India, the number of micro, small and medium enterprises (MSMEs) has increased from 2.12 million units in 2019 to 2.51 million units in 2020, growth by 18.5%. Therefore, the growth in several industries across the world boosted the demand for industrial exhaust fans which in turn influenced the market for attic and exhaust fans positively.
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