Mexico Smart Ventilation Fans Market Size By CFM(<110 CFM, 110 CFM to 200 CFM, and >200 CFM), By Competitive Landscape And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Mexico Smart Ventilation Fans Market Size By CFM(<110 CFM, 110 CFM to 200 CFM, and >200 CFM), By Competitive Landscape And Forecast
Mexico Smart Ventilation Fans Market Size And Forecast
Mexico Smart Ventilation Fans Market size was valued at USD 2.18 Million in 2021 and is projected to reach USD 4.78 Million by 2030, growing at a CAGR of 9.59% from 2023 to 2030.
The rapidly growing heating, ventilation, and air conditioning (HVAC) industry are expected to drive the demand for ventilation equipment market. The Global Mexico Smart Ventilation Fans Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Mexico Smart Ventilation Fans Executive Summary
The number of residential units is expected to increase with sufficient space for new developments. As the population grows, investments in infrastructure development increase. Therefore, the demand for new and smart ventilation systems is growing. The Mexican market is less tapped when compared to other North America economies such as United States and Canada. This shows, huge growth potential for the smart ventilation fans across the nation.
The rapidly growing heating, ventilation, and air conditioning (HVAC) industry are expected to drive the demand for ventilation equipment market. Currently, significant investment is being made in Mexico to develop infrastructure to match the growth rate of other mature industries. This is pushing the sales of ventilation fans market.
The Mexicansmart ventilation fans market experienced deep impact of the COVID outbreak.The outbreak hampered the overall nation’s GDP and resulted into decline of industry, lowered sales of HVAC system which in turn, declined the sales of smart ventilation fans. The COVID outbreak resulted in halt of the non-essential activities. Furthermore, geopolitical unpredictability, supply chain disruptions, and inflation, which raises the cost of living, are some of the issues that the hampered the market.
As things get back to normal in Mexico and around the world, with COVID's spread hopefully under control, we're expecting to see a rise in demand for smart ventilation fans. The arrival of COVID vaccines and businesses reopening certainly helped the market recover in 2021. However, the market is still feeling the effects of COVID and the global supply chain disruptions. But, as the country adapts to a "new normal," and more people realize the benefits of IoT-enabled products for both homes and businesses, we anticipate the demand for new, smart ventilation fans will increase over the next few years.
Mexico Smart Ventilation Fans Market Overview
The rapidly growing heating, ventilation, and air conditioning (HVAC) industry are expected to drive the demand for ventilation equipment market. Currently, significant investment is being made in Mexico to develop infrastructure to match the growth rate of other mature industries. This is pushing the sales of ventilation fans market.
The Mexicansmart ventilation fans market experienced deep impact of the COVID outbreak. The outbreak hampered the overall nation’s GDP and resulted into decline of industry, lowered sales of HVAC system which in turn, declined the sales of smart ventilation fans. The COVID outbreak resulted in halt of the non-essential activities. Furthermore, geopolitical unpredictability, supply chain disruptions, and inflation, which raises the cost of living, are some of the issues that the hampered the market.
 Mexico Smart Ventilation Fans MarketSegmentation Analysis
The Mexico Smart Ventilation Fans Market is segmented on the basis of CFM.
Mexico Smart Ventilation Fans Market by CFM
<110 CFM
110 CFM to 200 CFM
>200 CFM
To Get Summarized Market Report By Geography-Â
When we look at bathroom fan performance, it's all about CFM, or cubic feet per minute – that's how much air a fan can move. You'll find fans categorized into groups<110 CFM, 110 CFM to 200 CFM, and >200 CFM. Interestingly, the <110 CFM category was the biggest seller in 2021, and experts think it'll keep growing fast, maybe even at a rate of 10.19% each year! The 110 CFM to 200 CFM range was also popular, coming in second place. Remember, bigger rooms need higher CFM fans. Ideally, your bathroom fan should swap out the air about eight times every hour. Most fans fall in the 50 to 110 CFM range, but if you've got a large bathroom, a home theater, or even a commercial space, you'll want something stronger. For example, you can find products <110 CFM like the ReVent 50 CFM with lighting and humidity sensing, ReVent 70 CFM with humidity sensing, ReVent 80 CFM with humidity sensing. On the higher end, there is Broan-NuTone110 CFM smart ventilation fan and Slim Fit 120 CFM Bathroom fan with Humidity Sensor Ceiling or Wall Mount.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Billion)
SEGMENTS COVERED
By CFM.
CUSTOMIZATION SCOPE
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