Latest News- Commercial Kitchen Ventilation Systems Market: Type I hood is expected to lead the Type segment during 2024-2028

The Commercial Kitchen Ventilation Systems Market is being driven by Increased investment in R and D for new technology development

The Commercial Kitchen Ventilation Systems Market is expected to grow at a CAGR of 7.47% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1002.4 million. In the commercial kitchen ventilation systems market, sustainability is a key trend driving innovation. Energy efficiency is a significant concern for foodservice operators, leading to increased demand for ventilation systems with Energy Star certification. Manufacturers are responding by developing advanced, energy-efficient products. This shift towards sustainability is also accompanied by heightened product education and technical support, enabling more operators to reap the benefits of energy-efficient ventilation systems. Industry participants are embracing new technologies, standards, design improvements, and best practices to enhance profitability, performance, and efficiency. These factors collectively contribute to the growth of the commercial kitchen ventilation systems market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Type I hood
  • Type II hood
• Product
  • Wall-mounted canopy hoods
  • Proximity hoods
  • Island canopy hoods
• Geography
  • APAC
    • China
    • India
  • Europe
  • North America
    • US
    • Mexico
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased investment in R and D for new technology development
• Increasing adoption of demand-controlled kitchen ventilation
• Growing foodservice industry

However, the market also witnesses some limitations, which are as follows:

• Slower adoption rate among end-users
• Availability of commercial ventless cooking equipment
• Long replacement cycle of ventilation systems

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Market Scope in Commercial Kitchen Ventilation Systems Market Research Report

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Research Analysis Overview

The Commercial Kitchen Ventilation Systems Market is witnessing significant growth due to the increasing demand for smart features, IoT integration, and energy-efficient products in the foodservice industry. Demand-controlled kitchen ventilation systems, such as Island Canopy Hoods, Proximity Hoods, and Wall-Mounted Canopy Hoods, are becoming increasingly popular. These systems help prevent airborne impurities, including smoke and grease, from spreading throughout commercial kitchens, ensuring a safe and effective cooking environment. Safety and environmental laws are driving the adoption of advanced ventilation systems in hotels, hospitals, corporate offices, hospitals, restaurants, ghost kitchens, and vacuum industrial furnaces. Energy-efficient technology, such as Demand Controlled Ventilation and HVAC systems, is reducing energy consumption and lowering operational costs. IoT integration enables real-time monitoring and control of ventilation systems, ensuring compliance with safety and environmental regulations. Effective prevention of fire and replacement air facilities, as well as air exhausts, are also essential features of modern commercial kitchen ventilation systems. Overall, the market for commercial kitchen ventilation systems is expected to continue growing, driven by the need for energy efficiency, safety, and regulatory compliance in the foodservice industry.

Market Research Overview

The global building products market encompasses businesses producing a range of components, including windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation materials, cabinets, plumbing fixtures, and home improvement products and equipment. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by manufacturers in this sector. Key growth drivers for the global building products market include the expansion of the construction industry in both developed and emerging economies, fueled by urbanization and infrastructure development for residential and healthcare facilities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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