Iot Technology In The Commercial Fan And Air Purification Equipment Manufacturing Market

THE BUSINESS RESEARCH COMPANY VALUED THE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MANUFACTURING MARKET AT $74 BILLION IN 2017

The commercial fan and air purification equipment companies are increasingly integrating IOT technology due to growing demand for real time insights. The Internet of things is the inter-networking of physical devices embedded with software, sensors and network connectivity which enable these objects to collect and exchange data. Using IOT, commercial fan and air purification equipment systems are closely monitored and controlled from remote locations. Real time monitoring, predictive maintenance, remote diagnostics, system adaptation, continuous comfort, increased efficiency, focus on user experience are some of the features of IoT enabled commercial fan and air purification equipment.

THE BUSINESS RESEARCH COMPANY VALUED THE COMMERCIAL FAN AND AIR PURIFICATION EQUIPMENT MANUFACTURING MARKET AT $74 BILLION IN 2017

Western Europe was the largest region in the commercial fan and air purification equipment manufacturing market in 2017, accounting for more than one-third of the global market.

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The chart below shows the year-on-year growth of the global commercial fan and air purification equipment manufacturing market during 2017 – 2021

According to The Business Research Company’s Consultant, Nitin Gianchandani, to reduce the transportation cost while selling to consumer markets, the industrial manufacturers of fan and air purification systems are shifting their base towards them. This also enables them to better access the consumer choices and offer them products at ease. For instance, in 2015, GE moved their production base back to USA from China to reduce their transportation costs.

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Sharp Corporation was the largest competitor of the market, generating revenues of $19 billion in the year 2017. Sharp Corporation’s growth strategy is to improve technologies to develop high-sensitivity, low noise and high image-quality CMOS image sensors to produce devices to realize low power consumption, high performance and high-resolution image processing.

Commercial fan and air purification equipment manufacturers primarily engage in manufacturing blowers for general industrial and commercial use, and commercial exhaust, ventilating, and attic fans. It also includes manufacturers of duct collection equipment and other air purification equipment for heating and air conditioning systems and equipment for industrial gas cleaning systems.

Commercial Fan And Air Purification Equipment Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.

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