NEW YORK, June 3, 2021 /PRNewswire/ — The commercial kitchen ventilation systems market is expected to grow by USD 685.74 million during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the commercial kitchen ventilation systems market in optimistic, probable, and pessimistic forecast scenarios.
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The commercial kitchen ventilation systems market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Major Three Commercial Kitchen Ventilation Systems Market Participants:
Captive Aire Systems Inc.
Captive Aire Systems Inc. offers kitchen ventilation systems such as Fresh Air Restaurant System.
Daikin Industries Ltd.
Daikin Industries Ltd. offers kitchen ventilation systems such as Heat Reclaim Ventilator with DX-Coil and Heat Reclaim Ventilator.
Dover Corp.
Dover Corp. offers a kitchen ventilation system under Unified Brands.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/commercial-kitchen-ventilation-systems-market-industry-analysis
Commercial Kitchen Ventilation Systems Market 2021-2025: Segmentation
The commercial kitchen ventilation systems market is segmented as below:
- Product
- Proximity Hoods
- Wall-mounted Canopy Hoods
- Island Canopy Hoods
- Geography
- APAC
- Europe
- North America
- South America
- The Middle East and Africa
The commercial kitchen ventilation systems market is driven by the increasing adoption of demand-controlled kitchen ventilation. In addition, the regulations pertaining to kitchen cleanliness and hygiene are expected to trigger the commercial kitchen ventilation systems market toward witnessing a CAGR of almost 7% during the forecast period.
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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