Press Release

Global Range Hood Fans Market is Expected to Reach US$ 13 Bn by 2023

Date : Aug 21, 2018

New report published by Global QYResearch which offers insights on the global Range Hood Fans market. The Range Hood Fans market has been experiencing steady growth graph since past years. In 2017 the global Range Hood Fans market was valued at US$ 10 Bn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 13 Bn growing at a value CAGR of 4% throughout the period of forecast.

Global Range Hood Fans Market by Type

Range Hood Fan is a kind of kitchen appliance used for the purification of kitchen environment. This product is a device containing a mechanical fan that hangs above the stove or cooktop in the kitchen.

There are four types of Range Hood Fans: Wall-Chimney Hood, Under-Cabinet Hood, Island Hood and Downdraft Hood.

Under-cabinet hood: This type is mounted under the bottom of a wall cabinet. Wall-chimney hood: This type works where there are no cabinets over the range and mount with exposed vent stacks on the wall to vent to the outside. Island hood: This type is mounted to and vented through ductwork in the ceiling. Downdraft hood: This type reverses the direction of rising smoke and fumes and exhausts them through ducts running beneath the floor. Other type contains inserts hood and other type.

Global Range Hood Fans Market: Market Driver and Restraint

Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ companies prefer investing to developing regions these years. This industry is highly affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to improvement of living standards, especially in developing regions which have a large population and fast economic growth, the demand of range hood will increase.

Global Range Hood Fans Market: Forecast by Region

USA, Europe, China and Japan are the regions that are included in this report. China is the dominant market in the global Range Hood Fans market in terms of value. Europe is the second largest market. The China market is also expected to expand at a fast rate in terms of revenue over the forecast period due to the steadily increasing demand of Range Hood Fans.

Global Range Hood Fans Market: Key Players

BSH Group, Electrolux, Whirlpool, Elica, ROBAM, Fuji Industrial , VATTI, Miele, FOTILE, Midea, Nortek, SACON, FABER, Haier, Macro, DE&E, Panasonic,, FAGOR, Tecnowind, Vanward, SAKURA, Sanfer, Bertazzoni, Summit.

Many companies have several plants, usually close to aimed consumption market. There are international companies set up factories in China too. Elica (Italy) Fab is in Zhejiang, Siemens (Germany) has three plants. Some company like Elica usually take a joint venture enter into aim market, in China, there is Zhejiang PUTI; In India, there is Elica PB India Private Limited; In Japan, there is ARIAFINA.

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