The long-term partnerships between
manufacturers and distributors of ventilation fans is the defining
characteristic of the competitive landscape of the global ventilation fans market,
finds Transparency Market Research (TMR) in a new study. Only a few
players, namely, Delta Ventilation Ltd., Panasonic Corp., Nortek Inc.,
and Airmaster Fan Co. have been able to firmly establish themselves in
this highly fragmented market as of 2015.
The presence of a large pool of regional
players has intensified the competition in this market. Leading
participants are increasingly focusing on strengthening their presence
through mergers and acquisitions while small-scale manufacturers of
ventilation fans are improving their product portfolios in order to gain
a strong foothold.
Going forward, manufacturers will need to
focus on geographical expansion by developing their distribution
channels. Product innovation will also help these players in gaining a
competitive edge, TMR expects.
Infrastructural Developments Boost Demand for Ventilation Fans
The increased construction of residential
and commercial spaces, thanks to the growing population as well as
rapid urbanization across the world, has boosted the demand for
ventilation fans remarkably, states an analyst at TMR.
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The economic rise of BRICS nations and
the commencement of major infrastructural development projects in the
Middle East and North American countries have propelled the construction
industry in these regions. Recently, economies such as the UAE, Saudi
Arabia, and Qatar have undertaken huge commercial as well as residential
construction projects. With the rising construction of commercial
structures such as offices and hotels, the demand for ventilation fans
is increasing significantly in these regions.
Apart from this, in the coming years,
major sports events are scheduled to take place in Brazil (Olympic
2016), Russia (FIFA World Cup 2018), and Qatar (FIFA World Cup 2022). As
such large-scale events entail first-rate infrastructure and other
auxiliary amenities, these fans are likely to witness substantial demand
in the next few years.
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