Electrical Chimney market

Global Electrical Chimney Market Research Report 2024(Status and Outlook)

  • 15 October 2024
  • Consumer Goods and Services
  • 122 Pages
  • Report code : PMR-8012999

  • 4.7 (158)

Electrical Chimney Market

COMPANIES COVERED

Elica (Italy)
Broan (U.S.)
Acrysil (India)
Fagor Electrodomesticos (Spain)
AKDY Appliances (the U.S.)
Hindware Homes (India)
FABER (Italy)
IFB Industries (India)
Bosch (Germany)
KAFF Appliances (India)
LG Electronics (South Korea)

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The global Electrical Chimney market size was valued at US$ 2.65 billion in 2024 and is projected to reach US$ 3.78 billion by 2030, at a CAGR of 6.1% during the forecast period 2024-2030.

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The United States Electrical Chimney market size was valued at US$ 412.7 million in 2024 and is projected to reach US$ 567.3 million by 2030, at a CAGR of 5.4% during the forecast period 2024-2030.

Electrical Chimneys, also known as range hoods or exhaust hoods, are kitchen appliances designed to remove airborne grease, combustion products, fumes, smoke, heat, and steam from the air by evacuation of the air and filtration.

The global Electrical Chimney market is growing steadily, driven by increasing urbanization, rising disposable incomes, growing awareness of indoor air quality, and the trend towards modern kitchen designs. In 2023, global sales of electrical chimneys reached approximately 18.7 million units, with Asia-Pacific accounting for 45% of unit sales. Wall-mounted chimneys remain the most popular type, representing 55% of sales, followed by island chimneys at 25% and built-in models at 20%.

The market saw a boost from the home renovation trend post-pandemic, leading to a 15% increase in premium chimney sales for high-end kitchen upgrades in 2023. Technological advancements have focused on improving suction power and noise reduction, with new models offering up to 1500 m3/hr suction capacity and noise levels as low as 48 dB, a 30% improvement over standard models. The market is witnessing strong growth in smart, connected chimneys, increasing at 22% annually, driven by integration with smart home ecosystems and voice control features. In 2023, new energy efficiency regulations in several countries led to a 30% increase in the adoption of brushless DC motor chimneys. The industry faces challenges from the popularity of ductless range hoods in some regions, but the superior performance of ducted systems continues to drive demand in new constructions. Emerging applications in outdoor kitchens are showing promise, with weather-resistant electrical chimneys for outdoor use growing at 18% CAGR, albeit from a small base of 2% market share. Looking ahead, the market is expected to benefit from innovations in filter technology and design aesthetics, with sleek, high-performance chimneys featuring advanced filtration systems projected to grow at 10% CAGR through 2030.

Report Overview

Electrical chimney is a device used for absorbing smoke, fumes, and oils from kitchen while preparing food. Electrical chimney also known as exhaust hood, consisting of a mechanical fan that hangs above the stove in the kitchen.

Electrical Chimney Market provides a deep insight into the global Electrical Chimney market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electrical Chimney Market, Electrical Chimney Market introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, Electrical Chimney Market is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electrical Chimney market in any manner.

Global Electrical Chimney Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

  • Elica (Italy)
  • Broan (U.S.)
  • Acrysil (India)
  • Fagor Electrodomesticos (Spain)
  • AKDY Appliances (the U.S.)
  • Hindware Homes (India)
  • FABER (Italy)
  • IFB Industries (India)
  • Bosch (Germany)
  • KAFF Appliances (India)
  • LG Electronics (South Korea)

Market Segmentation (by Type)

  • Less than 300 CFM
  • 300CFM-600 CFM
  • 601 CFM-900 CFM
  • 901 CFM-1,200 CFM
  • More than 1,200 CFM

Market Segmentation (by Application)

  • Supermarkets
  • Hypermarkets
  • Specialty Stores
  • Departmental Stores

Geographic Segmentation

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Palletizing Machine Market
  • Overview of the regional outlook of the Palletizing Machine Market

Key Reasons to Buy this Report:

  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support

Chapter Outline

  • Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
  • Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Palletizing Machine Market and its likely evolution in the short to mid-term, and long term.
  • Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
  • Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
  • Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
  • Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
  • Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
  • Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
  • Chapter 12 is the main points and conclusions of the report.

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