RANGE HOOD MARKET TO REFLECT TREMENDOUS GROWTH POTENTIAL WITH A CAGR OF 4.3% BY 2025

According to a recent report published by Grand View Research Inc., extensive usage of IoT devices and smart features in range hood devices, along with a rising number of food chains and hotels is accelerating the range hood market expansion.

According to a report, “Range Hood Market Size, Share & Trends Analysis Report By Product Type (Under Cabinet, Wall-mounted, Ceiling Mount), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global range hood market size is expected to reach USD 13.82 billion by 2025, registering a CAGR of 4.3%, as per a new report by Grand View Research Inc. Manufacturers are focusing on developing innovative devices according to consumer preference for smart features, including wireless connectivity, noise reduction, and installation of the optic, temperature, and infrared sensors, in the products.

Stringent regulations by governments to drive hygiene and cleanliness in commercial kitchens is augmenting the demand for market products over the forecast period. For instance, in India, Serve Safe, a nationwide initiative by the Food Safety and Standards Authority of India, ensures the safety of food. Also, the under cabinet hood product type segment has experienced substantial growth in 2018 and this can be attributed to its easy installation, affordability, and compatibility with different kitchen designs.

Ceiling hoods are expected to gain enormous traction during the forecast period, on account of the growing number of kitchen remodeling activities. The offline distribution channel segment dominated the global range hood market in 2018. However, the increasing usage of smart devices, such as mobile phones and tablets, coupled with the popularity of e-commerce platforms are expected to drive the online segment.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/range-hood-market

Range Hood Market Report Highlights

1. Byproducts of cooking gas is often associated with aggravated asthma in kids. This has drawn greater importance of sufficient ventilation and modern kitchens are equipped with range hood to exhaust the PM2.5 particles and nitrogen dioxide
2. Developed countries like the U.S. and Australia have showcased enormous market demand. For instance, in Australia people use high-efficiency range hoods has reduced the threat of childhood asthma caused due to gas byproducts from 12.8% to 3.4%
3. Covid-19 pandemic has increased the importance of indoor ventilation to avoid any respiratory ailments that may lead to dispersing viral particles and ensure better hygiene. Efforts to minimize the spread of Covid-19 has fueled the market demand
4. Companies in the cooking hood industry are focusing on developing innovative cooking technologies and products with enhanced aesthetic features such as multiple insulation layers, sound absorbing base, and filtration system motors.
5. Ongoing R&D in Artificial Intelligence (AI) and IoT technology is disrupting the market trends. In 2018 Zephyr introduced Titan wall professional range hood  equipped with PowerWave™ blower technology that delivered advanced features such as power efficiency and a virtually silent motor
6. Ceiling mount hood product type segment is anticipated to register the highest CAGR of 4.8% by 2025, owing to its enormous demand from kitchen appliances industry and the rising number of residential infrastructures globally
7. Asia Pacific is estimated to showcase the highest CAGR of 5.0% by 2025 owing to the rising per capita household income, particularly in developing countries like India and China. Also, there is an increasing number of hotels and restaurants that are integrating kitchen cooking hoods and is boosting the market demand

Range Hood Market Segmentation

Grand View Research has segmented the global range hood market on the basis of product type, distribution channel, and region:

Range Hood Product Type Outlook (Revenue, USD Million, 2015 – 2025)

• Under Cabinet
• Wall Mounted
• Ceiling Mount
• Others

Range Hood Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

• Offline
• Online

Range Hood Regional Outlook (Revenue, USD Million, 2015 – 2025)

• North America
  • U.S.
• Europe
  • Germany
  • U.K.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Range Hood Market

1. Asko Appliances
2. Broan, Inc.
3. BSH Home Appliances Corp.
4. Elica S.p.A.
5. Faber S.p.A.
6. Falmec S.p.A.
7. Miele, Inc.
8. Panasonic Corp.
9. Samsung Electronics
10. Whirlpool Corp.