During the historical period, the worldwide industrial ventilation fan market grew by roughly 0.7 percent (2017-2021). Because of the COVID-19 situation, demand was low. It impacted the market's overall performance during the last half-decade. In 2020, there was a 6.7 percent drop, which had a significant impact on market expansion.
Demand of wall-mounted industrial ventilation fans is likely to grow 2.1X by 2032
The market is expected to grow at a CAGR of 7% throughout the assessment period, according to Fact.MR , a market research and competitive intelligence firm. By 2032, the market for industrial ventilation fans in end-use verticals is expected to be worth US$ 2.2 billion.
