Commercial Kitchen Ventilation Systems Market Scope
Commercial kitchen ventilation system is the central hub of interior exhaust system. It consists of many of the other important components of the ventilation mechanism. The ventilation system generally sits directly above the cooking area, in order to expel as much smoke and debris as possible coming from the surface. In addition to that, it also removes moisture from the air. The exhaust fan in it creates a reverse draw of air through the hood for the removal of smoke, soot, steam, heat, and grease vapors away from the building.
The Commercial Kitchen Ventilation Systems market study is segmented, by Application (Restaurants, Hotels, Schools and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Commercial Kitchen Ventilation Systems market throughout the predicted period.
Britannia kitchen ventilation ltd (United Kingdom), CaptiveAire Systems Inc. (United States), Centrotee Sustainable AG (Germany), Greenheck Fan Corporation (United States), Munters AB (Sweden), Nortek Incorporated (United States), Flakt Woods Group (Germany), Solar & Palau Group (United States), Ace Ventilation (Canada) and Eftech (Malaysia) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Commercial Kitchen Ventilation Systems market by Type, Application and Region.
On the basis of geography, the market of Commercial Kitchen Ventilation Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Jan 2021, Absolent Group AB announced the acquisition of Tessu Systems B.V. in the Netherland. Through this acquisition, the company wants to become a global market leader as a commercial kitchen ventilation company. Prior to this company also acquired Jeven and Interzon under the same strategic growth initiative.
In Sep 2020, Gaylord Industries, the leader in ventilation solutions majorly in the foodservice industry announced its partnership with VHF Sales, Inc. to deliver a kitchen ventilation equipment system in the states of Iowa, Nebraska, and others in South Dakota Countries.
Market Trend
- Adoption of Demand Controlled Ventilation (DCV) System
Market Drivers
- Stringent Government Regulations for VOC Emissions
- Rising Awareness about the Greenhouse Effect is Fueling the Market
Opportunities
- Changing Standard of Living Coupled with Increasing Disposable Income
- Increasing Number of Restaurants and Hotels is Boosting the Market
Restraints
- Lock down Due to Corona virus has impacted the Manufacturing as well as Demand of Ventilation System
Challenges
- High Costs Associated with the Ventilation System
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others