Range Hood Controller Market is segmented By Product (Ceiling Mount, Under Cabinet, Wall Mount, and Others); By Application (Residential, and Commercial); By Distribution Channel (E-commerce, Direct selling, and Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Range Hood Controller Market Overview
A controlling device that is used to control range hood, also known as kitchen hood, extractor hood, exhaust hood or hood fan, is known as a range hood controller. The controller usually is located at the front of the hood and displays all the controls that is needed for operating the blower and the lights of the kitchen hood. One of the major factors anticipated to drive the growth of the range hood controller market is the growing adoption of modular kitchen worldwide. Asko Appliances, BSH Home Appliances Corp., and Broan, Inc. are some of the significant parties in the market for range hood controller.
The global range hood controller market was valued at USD 16.2 billion in 2023. The market is expected to expand at a CAGR of 5.3% from 2023-2032, and is expected to cross value of USD 27.3 billion by the end of 2032.
Range Hood Controller Market Drivers
Some key drivers for the range hood controller market are:
- Increasing Adoption of Smart Home: The adoption of smart home around the globe is increasing at a massive pace. With this, the demand for products that are used in smart homes are also on the rise, which is projected to boost the market growth.
- Rapid Adoption of Kitchen Hoods in Food Retail Outlets: The number of quick-service diners and fast-food chains globally is increasing significantly. These food serving outlets adopt kitchen hood to keep the exhaust gases away. With the rise in the number of these outlets, the adoption of kitchen hoods amongst these users would also increase, which in turn, would contribute to the demand for range hood controllers.
- Growing Disposable Income of Individuals: With the rise in the disposable income of individuals globally, the demand for kitchen hoods would increase, and in turn, contribute to the market growth.
- Increasing Focus of Government Towards Hygiene in Food Outlets: With the rapid focus of the governmental organizations on food safety and hygiene, especially in food serving outlets, the need for kitchen equipment is on the rise, thereby raising the demand for range hoods. Such a factor is also poised to boost the market growth of range hood controllers.
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Range Hood Controller Market Challenges
Some challenges facing the range hood controller market are:
- High Costs of Range Hood: The price of range hood is usually high, as a result of which, this impacts the demand for range hood controllers.
- Low Awareness for Range Hood Controllers: Lack of awareness for range hood controllers in several nations is another factor predicted to hinder the market growth.
- Availability of Low Cost Alternatives: The availability of low cost alternatives is also expected to lower the growth of the market in the coming years.
Range Hood Controller Market Segmentation
Segmentation of range hood controller market are:
- By Product
- Ceiling Mount
- Under Cabinet
- Wall Mount
- Others
- By Application
- Residential
- Commercial
- By Distribution Channel
- E-commerce
- Direct Selling
- Others
- By Region
- North America (U.S., and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
- Latin America (Mexico, Argentina, Rest of Latin America)
- Middle East and Africa
Range Hood Controller Market: Report Scope |
|
Base Year Market Size |
USD 16.2 Billion |
Forecast Year Market Size |
USD 27.3 Billion |
CAGR Value |
5.3% |
Segmentation |
|
Challenges |
|
Growth Drivers |
|
Timeline considered for all these studies will be:
2023 – Base Year
2023 – Estimated Year
2023-2032 – Forecast Period
Range Hood Controller Market Regional Synopsis
The rapid adoption of modern technologies, followed by an increasing disposable income among the individuals are some of the major factors predicted to drive the growth of the range hood controller market in North America.
Further, the presence of a large number of market players, along with the presence of a strong semiconductor industry are some of the factors poised to boost the market growth in the Asia Pacific.
Range Hood Controller Market Key Players
Some key players in the range hood controller market are:
- Asko Appliances
- BSH Home Appliances Corp.
- Broan, Inc.
- Miele, Inc.
- Faber S.p.A.
- Falmec S.p.A.
- Elica S.p.A.
- Whirlpool Corp
- Samsung Electronics
- Panasonic Corp.
- Fotile Overseas Kitchen Appliances
- CaptiveAire Systems
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Request for Customized Report- Publication date: 15th February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel