The global market for ventilation fans is expected to reach $2.4 billion by 2023.
According to Transparency Market Research, their report Ventilation Fans — Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023, showed that in 2015 the ventilation fan market was worth $1.6 billion and now is projected to almost double over the next seven years.
Some of the key factors that are driving the increase include commercial, residential, and industrial infrastructure development; government regulations on industrial ventilation fans; and the increase in awareness regarding indoor air quality.
With the ventilation fan industry expanding, property managers should be aware and knowledgeable about every aspect of their centrifugal systems. Commercial chimney fans, bathroom fans, and anything else involving ventilation is just as important as the roof over your head. Here are a few things to keep in mind when it comes to ventilation for your building.
- Demand ventilation controls (DVCs) can reduce the operation cost anywhere from 30 to 50% on an exhaust system.
- Utility fans are typically mounted on the roof where high-static pressure losses are. Chimney fans are separate from these utility fans but one can be installed on top of a chimney if necessary.
- Calculating the minimum size of an exhaust system for a bathroom is done by taking the volume of the room and dividing it by five. Bathrooms with ceiling heights more than eight feet tall might require more ventilation.
- If you’re operating a restaurant, you should clean the entire restaurant exhaust system at least once every month.
- Installing “electronically commutated” motors (ECM) on a small two-fan room can save about $200 a year per fan.
- The sone rating is how to determine the amount of noise an exhaust fan will make. Sone ratings range from 0.5, which is extremely quiet, to four, which is very loud.
There are many things to keep in mind when dealing with property management. Just know that ventilation should not be overlooked. It certainly won’t be over the next few years once it surpasses that $2 billion mark.