Duct Fans Market is predicted to reach USD 144.83 Billion by 2030

According to the study by Next Move Strategy Consulting, the global Duct Fans Market size is predicted to reach USD 144.83 billion with a CAGR of 6.0% by 2030.

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The surge in installation of HVAC systems by residential, commercial and industrial buildings necessities the need for efficient air distribution within the HVAC system, thereby propelling the market growth.

Duct fans help in the evenly distribution of conditioned air throughout the duct work, ensuring consistent temperature and air circulation that boosts its market growth.

North America dominates the duct fans market share during the forecast period. This is attributed to the escalating pollution level in the countries such as U.S. and Canada that heighten the need for efficient air circulation and ventilation.

Various key market players operating in the duct fans industry are Systemair AB, Greenheck Fan Corporation, Twin City Fan Companies, Ltd., Soler & Palau S.A., Panasonic Corporation, Zehnder Group International AG, Broan-NuTone LLC, Fantech Pty Ltd, Vent-Axia Ltd, Nortek Air Solutions, LLC, and others.