Cooking Hood Market Size And Forecast
CookingHood Market is growing at a faster pace with substantial growth rates over thelast few years and is estimated that the market will grow significantly in theforecasted period i.e. 2021 to 2028.
Stringentregulations by different regional governments about the cleanliness and hygienein restaurants and food chains have mandated the installation of range hoods,which is increasing the market growth. Furthermore, these devices contributeadded benefits, such as maintenance of air quality, heat reduction, andincreased safety. The Global Cooking Hood Market report provides a holisticevaluation of the market for the forecast period. The report comprises varioussegments as well as an analysis of the trends and factors that are playing asubstantial role in the market.
GlobalCooking Hood Market Definition
TheCooking Hood generally recognized as the exhaust hood or kitchen hood is a typeof equipment consist of a mechanical fan that is mounted on the cooktop in thekitchen. It helps to eliminate the airborne grease, fumes, combustion products,heat, smoke, and steam from the air by making use of the method calledfiltration and air evacuation. It also purifies the air quality in the kitchenby absorbing out unpleasant odor and stuffiness. The product is managed forhousehold and commercial purposes.
Thecommercial cooking hoods are usually practiced with fire suppression tools tosecure that smoke and fumes from a grease fire are appropriately ventilated andthe fire is easily extinguished. Commercial vent hoods are also be paired witha fresh air fan, which draws in the exterior air and circulates it with the cookingemissions, which are then uprooted out of the hood.
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GlobalCooking Hood Market Overview
Theavailability of a type of range hood for diverse kitchen setups is anticipatedto augment the market demand. Companies are providing an inclusive productrange with different color combinations to match modern kitchen interiors incommercial and residential surroundings. The upgrading of existing productswith added features and strategic new product launches by dominant industryplayers are driving the market outlook.
Moreover,ongoing research and improvements in IoT technology and Artificial Intelligence(AI) are agitating the market trends. Industry players are taking advantage ofthis proliferating market trend to launch new models of range hoods withsuperior remote control and monitoring capabilities. IoT technology permitsusers to connect their hoods with other smart kitchen appliances, givingenhanced operability and convenience of use. These factors have positivelyanticipated in propelling the growth of the global Cooking Hood Market.
Thereare certain constraints and limitations experienced that will restrain themarket growth. The factors such as the high initial cost of range hood systemslimiting the market growth. Industry hurdles also involve reconstruction workin exiting spaces and the necessity of technical expertise for the initialinstallation of these systems. Furthermore, the huge maintenance cost of thesesystems will impede the market growth.
Thesesystems are expected to be cleaned professionally to guarantee there is nobuild-up of grease and particles inside. For ducted hoods, charcoal filtersneed to be substituted frequently. These are the potential restraints hamperingthe overall growth of the global Cooking Hood Market. Nevertheless, the constantdevelopments in technologies, an expanding number of hotels and food chains,particularly in developing nations, and untapped potential in emerging marketsoffer favorable growth opportunities.
GlobalCooking Hood Market Segmentation Analysis
TheGlobal Cooking Hood Market is Segmented on the basis of Product, Application,Suction Power, And Geography.
CookingHood Market, By Product
•Wall Mounted Hoods
• Ceiling Mounted Hoods
• Under Cabinet Type Hoods
• Down Draft
• Others
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Basedon Product, the market is bifurcated into Wall Mounted Hoods, Ceiling MountedHoods, Under Cabinet Type Hoods, Down Draft, Others. The under-cabinet typehood segment holds the largest market share during the forecast period. Thefactors that can be attributed to its easy installation and affordability andcompatibility with different kitchen designs are accelerating the demand forthis segment.
CookingHood Market, By Application
•Residential
• Commercial
Basedon Application, the market is bifurcated into Residential, Commercial. Thecommercial segment holds the largest market share during the forecast period.The factors that can be attributed to the emergence of several new restaurantsand hotels are fueling the demand for this segment.
CookingHood Market, By Suction Power
•Less than 800 m3/h
• 800-1200 m3/h
• More than 1200 m3/h
Basedon Suction Power, the market is bifurcated into Less than 800 m3/h, 800-1200m3/h, More than 1200 m3/h. The segment holds the largest market share and isestimated to witness the highest CAGR during the forecast period. The factorsthat can be attributed to the growing demand enhance the demand for thissegment.
CookingHood Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world
Onthe basis of Geography, the Global Cooking Hood Market is classified into NorthAmerica, Europe, Asia Pacific, and Rest of the world. North America holds thelargest market share. The Quick adoption of advanced technologies in the regionand resultant demand for connected and smart devices, especially in countries,such as Canada and Mexico, and ongoing projects will boost the market in theNorth American region.
KeyPlayers In Cooking Hood Market
The“Global Cooking Hood Market” study report will provide a valuable insight withan emphasis on the global market including some of the major players suchas Asko AppliancesAB, BSH Home Appliances Corporation, Elica S.p.A, Miele, Inc., WhirlpoolCorporation, Panasonic Corporation, Faber S.p.A., Falmec S.p.A., Broan, Inc.,and Samsung Electronics.
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