| Product Code: ETC309624 | Publication Date: Aug 2023 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India ventilation fans market import shipment demonstrated a steady growth trend with a CAGR of 10.8% from 2020 to 2024. However, there was a slight decline in growth rate between 2023 and 2024 at -1.6%, indicating a temporary slowdown in market expansion. Despite this, the market maintained overall positive momentum during the period.
The ventilation fans market in India is projected to grow at a CAGR of 8.2% during 2025-2031, reaching an estimated value of INR 11,826 crore by 2025. The domestic market for ventilation fans was valued at around INR 6,692 crore in 2025 and is expected to witness healthy growth over the forecast period. Increasing construction activities across residential as well as commercial sectors have been driving the demand for ventilation systems including fans in India. Moreover, rising government initiatives such as Smart Cities Mission are also likely to boost the sales of these products. Furthermore, increasing consumer spending on comfort solutions has led manufacturers to introduce technologically advanced products with various features like remote control system and noiseless operation that might further fuel the growth prospects of this segment during the forecast period (2025 ? 2025).
The India ventilation fans market is experiencing growth as various industries and commercial establishments prioritize air quality and ventilation. This market`s outlook is driven by factors such as the increasing awareness of indoor air pollution and its impact on health, the growth of the construction and infrastructure sectors, and the adoption of ventilation fans for efficient air circulation and exhaust. Additionally, the development of energy-efficient and noiseless ventilation fans and the rising focus on sustainable and green building practices are further contributing to market growth. The market is also benefiting from government initiatives to improve indoor air quality and promote energy conservation.
One of the key challenges in the India ventilation fans market is the competition from other ventilation and cooling technologies such as air conditioners and air purifiers. These technologies offer comprehensive climate control and air purification features, which may make them preferred choices in certain settings. Ventilation fan manufacturers need to emphasize the benefits of natural ventilation and energy savings to address this challenge and promote their products.
The India ventilation fans market is witnessing steady growth as industries and households seek improved indoor air quality and cooling solutions. This market`s outlook is driven by factors such as the increasing demand for ventilation in commercial and residential buildings, the growth of industrial and infrastructure projects, and the adoption of ventilation fans for their energy efficiency and air circulation capabilities. Additionally, the development of smart and IoT-enabled ventilation systems and the rising focus on green and sustainable buildings are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to disruptions in construction activities and changes in consumer behavior. However, it is expected to recover with the resumption of economic activities and the growing emphasis on health and well-being.
The India ventilation fans market is experiencing growth as industries and residential sectors seek improved indoor air quality and cooling solutions. This market`s outlook is driven by factors such as the increasing demand for ventilation and cooling in commercial buildings, industrial facilities, and residential properties, the growth of construction and infrastructure projects, and the adoption of ventilation fans for their energy efficiency and noise reduction features. Additionally, the development of smart and IoT-enabled ventilation fans and the rising focus on green building and sustainable cooling are further contributing to market growth. Key players in the India ventilation fans market include Panasonic Corporation, Havells India Limited, and Usha International Limited, among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ventilation Fans Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ventilation Fans Market Revenues & Volume, 2021 & 2031F |
3.3 India Ventilation Fans Market - Industry Life Cycle |
3.4 India Ventilation Fans Market - Porter's Five Forces |
3.5 India Ventilation Fans Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Ventilation Fans Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 India Ventilation Fans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about indoor air quality and health concerns. |
4.2.2 Growing construction activities and infrastructure development in India. |
4.2.3 Government initiatives promoting energy-efficient appliances and sustainable living practices. |
4.3 Market Restraints |
4.3.1 High initial cost and installation complexities of ventilation fan systems. |
4.3.2 Lack of standardization and quality control in the ventilation fan market. |
4.3.3 Limited consumer awareness about the benefits of ventilation fans in India. |
5 India Ventilation Fans Market Trends |
6 India Ventilation Fans Market, By Types |
6.1 India Ventilation Fans Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Ventilation Fans Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Ventilation Fans Market Revenues & Volume, By Centrifugal Fans, 2021-2031F |
6.1.4 India Ventilation Fans Market Revenues & Volume, By Axial Fans, 2021-2031F |
6.1.5 India Ventilation Fans Market Revenues & Volume, By Cross Flow Fans, 2021-2031F |
6.1.6 India Ventilation Fans Market Revenues & Volume, By Domestic Exhaust Fans, 2021-2031F |
6.1.7 India Ventilation Fans Market Revenues & Volume, By Power Roof Fans, 2021-2031F |
6.1.8 India Ventilation Fans Market Revenues & Volume, By Range Hood Fans, 2021-2031F |
6.2 India Ventilation Fans Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 India Ventilation Fans Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 India Ventilation Fans Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 India Ventilation Fans Market Revenues & Volume, By Industrial, 2021-2031F |
7 India Ventilation Fans Market Import-Export Trade Statistics |
7.1 India Ventilation Fans Market Export to Major Countries |
7.2 India Ventilation Fans Market Imports from Major Countries |
8 India Ventilation Fans Market Key Performance Indicators |
8.1 Energy efficiency ratings of ventilation fans. |
8.2 Adoption rate of smart ventilation fan systems. |
8.3 Number of government regulations supporting the use of ventilation fans. |
8.4 Percentage of new construction projects incorporating ventilation fan systems. |
8.5 Customer satisfaction scores related to ventilation fan performance and noise levels. |
9 India Ventilation Fans Market - Opportunity Assessment |
9.1 India Ventilation Fans Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Ventilation Fans Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 India Ventilation Fans Market - Competitive Landscape |
10.1 India Ventilation Fans Market Revenue Share, By Companies, 2024 |
10.2 India Ventilation Fans Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |