Overview and Scope
A ventilation system is defined as a system in which clean outdoor air is intentionally delivered to an indoor space and stale air is removed. This may be accomplished by either mechanical or natural processes. The ventilation system is used to control indoor air quality by diluting and displacing indoor pollutants. This system is also used to control indoor humidity, temperature, and air motion to improve thermal satisfaction and comfort with other aspects of the indoor environment.
Sizing and Forecast
The ventilation system market size has grown strongly in recent years. It will grow from $30.91 billion in 2023 to $33.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, boost in construction spending, supportive government initiatives and an increase in infrastructure investment..
The ventilation system market size is expected to see strong growth in the next few years. It will grow to $47.78 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to a rise in concerns regarding air quality, rising urbanization and growth of residential buildings will drive the growth.. Major trends in the forecast period include focus on company expansion, net zero emissions, partnerships and collaborations, developing innovative products, investing in technologies such as artificial intelligence (ai) and mergers and acquisitions..
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Segmentation & Regional Insights
The ventilation system market covered in this report is segmented –
1) By Product: Axial And Centrifugal Fans, Recovery Ventilation Systems, Other Products
2) By Type: Wall-Mount Type, Ceiling-Mount Type, Cabinet-Mount Type
3) By Application: Residential, Non-Residential
Top 5 Major Palyers:
- Panasonic
- Daikin Industries Ltd
- Carrier
- Mitsubishi Electric
- LG Electronics
Asia-Pacific was the largest region in the ventilation system market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the ventilation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing preference for a changing climate is expected to propel the growth of the ventilation system market. Due to rising temperatures globally and unpredictable climatic conditions, climate change can impact situations indoors by deteriorating existing indoor air quality issues and creating new ones. Some regions are implementing aeration systems to improve air quality and maintain the indoor climate. Climate change is also increasing the regularity and strictness of some dangerous weather events, such as extreme precipitation, flooding, and storms, which can result in harm to buildings and allow water or moisture to enter indoors. For instance, according to NOAA (National Oceanic and Atmospheric Administration), a US-based scientific data and climate science, adaptation, and mitigation information provider, in March 2021, Earth’s temperature had risen by 0.14° F (0.08° C) per decade. Therefore, the changing climate is the most critical factor influencing the growth of the ventilation system market.
Key Industry Players
Major companies operating in the ventilation system market report are Panasonic, Daikin Industries Ltd, Carrier, Mitsubishi Electric, LG Electronics, Midea Group Co. Ltd., Johnson Controls, Twin City Fan and Blower, Greenheck Fan Corporation, Honeywell International Inc., Skanray Technologies Pvt. Ltd, LifeLine Biz Pvt. Ltd, Advanced Energy Industries Inc, Zhongshan Aden Environmental Technology Co. Ltd, Suzhou Mia Intelligent Technology Co. Ltd, Beijing Holtop Air Conditioning Co. Ltd, Shandong Beideli HVAC Equipment Co. Ltd, Porzellanfabrik Hermsdorf GmbH, TLT-Turbo GmbH, DOD Technologies Inc, Kemper GmbH, LK Metallwaren GmbH, Michell Instruments Ltd, ALNOR VENTILATION SYSTEMS LTD, Bluevent Air Systems Sp. Z O.o, Telzas ETC Group, Vent-Ex Sp. Z O.o., Entalpia Europe Sp. z o. o., KOMFOVENT, CaptiveAire Systems, Nortek Air Solutions, MW Solutions, Nomad Go, Accruent, Lijan Insulation Contracting LLC, Constromech Fzco, Air Master Equipments Emirates LLC, Bisan Inc, Modern Systems for Environmental Tech. Co., Munters, Bacharach Inc, Acme Engineering Prod., Eigenbrodt GmbH & Co, Atlas Air Conditioning, CFW Fans, Trox Africa, FabricAir South Africa, Univent, Daikin Egypt, Aerovent
The ventilation system market report table of contents includes:
1. Executive Summary
2. Ventilation System Market Characteristics
3. Ventilation System Market Trends And Strategies
4. Ventilation System Market – Macro Economic Scenario
5. Global Ventilation System Market Size and Growth
…..
32. Global Ventilation System Market Competitive Benchmarking
33. Global Ventilation System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ventilation System Market
35. Ventilation System Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Ventilation System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Ventilation System Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Ventilation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Panasonic Financial Performance
Table 75: Daikin Industries Ltd Financial Performance
Table 76: Carrier Financial Performance
Table 77: Mitsubishi Electric Financial Performance
Table 78: LG Electronics Financial Performance
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