Global Ventilation System Market is valued at approximately USD 25.61 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2022-2029. Ventilation systems enhance indoor air quality (IAQ) by exchanging outdoor and interior air, which contributes to improving the indoor environment. Ventilation for interior air quality is beneficial in order to maintain thermal comfort as the weather changes. The market growth is driven by prominent factors including rising demand for the decentralized ventilation system, increasing temperatures globally, and changeable climatic conditions, coupled with the rising inclination toward green buildings.
In addition, the increasing technological developments streamlined with ventilators are enhancing the efficiency, usability, and competence of the overall system, which is exhibiting a positive influence on the market growth. For instance, in August 2022: Carrier started offering the Abound Healthy Air Starter Package in the aim to enhance indoor air quality by using a fast, easy, and affordable method to identify and respond to the camouflage elements. Likewise, in October 2020, Komfovent updated its "Domekt R 450 V" , a second-generation ventilation device with an emphasis on rotor speed control, aerodynamic shape sensors, energy class, controller, and other aspects. Hence, the global market expansion is being stipulated by technological developments in ventilation units. Moreover, growing investment in the research and development activities by the key market players, as well as the increasing government policies are presenting various lucrative opportunities over the forecasting years. However, the dearth of skilled technicians along with high operating and maintenance costs of ventilation systems are hampering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Ventilation System Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the increasing adoption of air handling units and tunnel fresh air ventilation, along with the rising urbanization and increasing disposable income of end-users. Whereas, North America is expected to grow with the considerable growth rate CAGR during the forecast period, owing to factors such as the surge in demand for residential indoor air quality systems and growth in new housing construction in the market space.
Major market players included in this report are:
- Midea Group Co., Ltd. (China)
- CaptiveAire Systems (U.S.)
- Greenheck Fan Corporation (Japan)
- S&P UK Ventilation Systems Ltd. (U.K.)
- Twin City Fan & Blower (U.S.)
- Honeywell International Inc. (U.S.)
- CENTROTEC SE (Germany)
- Johnson Controls (Ireland)
- Mitsubishi Electric Corporation (Japan)
- Nortek Air Solutions, LLC (U.S.)
Recent Developments in the Market:
- In April 2021, Midea Group displayed a line of various high-efficiency precision cabinet-type industrial fan coil units . The show debuted at CRH-2021. (China Refrigeration and Heating 21).
Global Ventilation System Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Product, Application, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
- Data Center Cooling
- Centralized Ventilation
- Decentralized Ventilation
- Range Hood
By Application:
- Commercial
- Residential
- Industrial
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Ventilation System Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Ventilation System Market, by Product, 2019-2029 (USD Billion)
- 1.2.3. Ventilation System Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Ventilation System Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Ventilation System Market Dynamics
- 3.1. Ventilation System Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand for the decentralized ventilation system
- 3.1.1.2. Increasing technological developments streamlined with ventilators
- 3.1.2. Market Challenges
- 3.1.2.1. Dearth of skilled technicians
- 3.1.2.2. High operating and maintenance costs of ventilation systems
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing investment in the research and development activities by the key market players
- 3.1.3.2. Increasing government policies
Chapter 4. Global Ventilation System Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Ventilation System Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Ventilation System Market by Product, Performance - Potential Analysis
- 6.3. Global Ventilation System Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
- 6.4. Ventilation System Market, Sub Segment Analysis
- 6.4.1. Data Center Cooling
- 6.4.2. Centralized Ventilation
- 6.4.3. Decentralized Ventilation
- 6.4.4. Range Hood
Chapter 7. Global Ventilation System Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Ventilation System Market by Application, Performance - Potential Analysis
- 7.3. Global Ventilation System Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Ventilation System Market, Sub Segment Analysis
- 7.4.1. Commercial
- 7.4.2. Residential
- 7.4.3. Industrial
Chapter 8. Global Ventilation System Market, Regional Analysis
- 8.1. Ventilation System Market, Regional Market Snapshot
- 8.2. North America Ventilation System Market
- 8.2.1. U.S. Ventilation System Market
- 8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Ventilation System Market
- 8.3. Europe Ventilation System Market Snapshot
- 8.3.1. U.K. Ventilation System Market
- 8.3.2. Germany Ventilation System Market
- 8.3.3. France Ventilation System Market
- 8.3.4. Spain Ventilation System Market
- 8.3.5. Italy Ventilation System Market
- 8.3.6. Rest of Europe Ventilation System Market
- 8.4. Asia-Pacific Ventilation System Market Snapshot
- 8.4.1. China Ventilation System Market
- 8.4.2. India Ventilation System Market
- 8.4.3. Japan Ventilation System Market
- 8.4.4. Australia Ventilation System Market
- 8.4.5. South Korea Ventilation System Market
- 8.4.6. Rest of Asia Pacific Ventilation System Market
- 8.5. Latin America Ventilation System Market Snapshot
- 8.5.1. Brazil Ventilation System Market
- 8.5.2. Mexico Ventilation System Market
- 8.5.3. Rest of Latin America Ventilation System Market
- 8.6. Rest of The World Ventilation System Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Midea Group Co., Ltd. (China)
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. CaptiveAire Systems (U.S.)
- 9.2.3. Greenheck Fan Corporation (Japan)
- 9.2.4. S&P UK Ventilation Systems Ltd. (U.K.)
- 9.2.5. Twin City Fan & Blower (U.S.)
- 9.2.6. Honeywell International Inc. (U.S.)
- 9.2.7. CENTROTEC SE (Germany)
- 9.2.8. Johnson Controls (Ireland)
- 9.2.9. Mitsubishi Electric Corporation (Japan)
- 9.2.10. Nortek Air Solutions, LLC (U.S.)
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption