The global ventilation equipment market is estimated to exceed US$ 26 billion by 2022, with sales rising at a 7% CAGR throughout the forecast period (2022-2032). The global ventilation equipment market is expected to be worth US$ 43 billion by the end of 2032.
Rapidly increasing air pollution levels has led to growing cases of asthma as well as COPD (chronic obstructive pulmonary disorders), thereby creating growth opportunities for ventilation equipment market. Stringent environmental and government regulations has been implemented on the back of increasing concern over safety and health of the industrial workforce, which drives the demand for ventilation equipment. Furthermore, manufacturers in ventilation equipment market are entering into strategic partnerships with the IP solution providers for integrating innovative technologies in ventilation equipment. This in turn helps the key players and manufacturers in ventilation equipment market to expand their product portfolio in order to cater to the growing consumer demand.
To lead the advanced ventilation equipment market, emerging players are expected to focus on breakthrough technology. Strong growth in the pharmaceutical and chemical sectors, together with new capacity increases for various downstream goods, is expected to assist the ventilation equipment market. Growing infrastructure development and urbanisation in emerging economies have resulted in increased expenditure on dynamic infrastructure sectors such as transportation, water, and power, resulting in positive growth avenues for the ventilation equipment market. The rising trend of applying energy efficiency regulations and providing limited ventilation in commercial buildings and residences is predicted to considerably drive the growth of the ventilation equipment market.
Ventilation equipment are used in buildings to maintain the temperature and to improve the quality of indoor air. These equipment are utilized in both the exchange of air – inside to outside and circulation within the building. Ventilation equipment are essential to maintain indoor quality of air in building. Different type of equipment available in ventilation equipment market includes heat recovery ventilation units, room air distribution units and fume hoods. Fume hoods are majorly used in kitchen and laboratories to remove heat, odor and smoke. Room air distribution units are used to mix the existing air with new conditioned air in homes and offices.
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Ventilation Equipment Market: Drivers & Restraints
Construction industry is expected to register a substantial growth worldwide in upcoming years which is expected to be driver for the increasing demand for ventilation equipment market during the forecast period. Increasing urbanization supported by regulation for energy efficient building across the globe is likely to spur the growth of the ventilation equipment market.
Ventilation Equipment Market: Overview
Regulations for energy efficient building implement by government all over the world increased the demand for ventilation equipment as it helps in maintain the temperature in an area with less energy consumption. With growing environmental concerns and increasing awareness among the end users ventilation equipment market is expected to register a substantial growth during the forecast period.
Ventilation Equipment Market: Key Players
Some of the players in the ventilation equipment market we identified includes, Centrotec Sustainable AG, Greenheck Fan Corp., CaptiveAire Systems Inc, Twin City Fan Companies Ltd., Munters AB, Nortek Incorporated, Fläkt Woods Group and Soler & Palau Group.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Ventilation Equipment Market: Segmentation
On the basis of product type, ventilation equipment market is broadly segmented as:
- Axial Fans
- Centrifugal Fans
- Cross Flow Fans
- Domestic Exhaust Fans
- Power Roof Fans
- Range Hoods
- Others
On the basis of Application, the ventilation equipment market is segmented into:
- Residential
- Non – Residential
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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