IMARC Group's latest research report, titled "Range Hood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the range hood market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global range hood market size reached US$ 15.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.60% during 2023-2028.
Range Hood Market Overview:
A range hood, also known as an exhaust hood or extractor hood, is a crucial appliance installed above a cooking stove or range to remove airborne contaminants, odors, smoke, and grease particles generated during cooking. It consists of a canopy or hood that captures the pollutants and a fan or blower that expels them outside or filters them before recirculating the air back into the kitchen. The primary function of a range hood is to improve indoor air quality by effectively venting out pollutants that can be harmful and unpleasant. As cooking involves the release of smoke, steam, and grease particles, a range hood helps prevent them from accumulating in the kitchen and spreading to other areas of the house. By removing these contaminants, it helps maintain a cleaner and healthier environment.
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Range Hood Market Trends:
The global market is majorly driven by the increasing focus on kitchen aesthetics. As homeowners place greater importance on the overall design and visual appeal of their kitchens, they seek range hoods that not only provide functionality but also enhance the aesthetic appeal of the space. This has led to a demand for range hoods with stylish designs, customizable options, and various finishes to match different kitchen décors. Another significant driver is the growing concern about indoor air quality. With rising awareness about the health impacts of indoor air pollution, particularly in the kitchen where cooking can release smoke, odors, and pollutants, consumers are preferring range hoods
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