New research has revealed that the global commercial kitchen ventilation systems market is expected to grow by 6% by 2023.
The new report by Technavio found that the increasing adoption of demand-controlled kitchen ventilation is driving the growth, with factors such as operators needing to reduce energy costs and the pressures of regulatory guidelines to reduce carbon emissions, fuelling the demand.
Demand controlled kitchen ventilation (DCKV) systems can reduce exhaust costs by up to 50% and are available for new equipment as well as retrofits for existing kitchen range hoods.
Moreover, vendors of DCKV systems are coming up with new technology or new modifications to make commercial kitchen ventilation systems more efficient.
Furthermore, with increasing number of foodservice establishments becoming aware of the need for energy efficiency, the adoption of DCKV is expected to rise, thereby driving the growth of the market, during the forecast period.
“Apart from the changing complex operations of commercial kitchens, increasing investments in R&D for new technology development, and the increasing demand for energy-efficient products, will boost market growth during the forecast period,” says a senior analyst at Technavio.