Ventilation System Market Size [2023-2030] Worth USD 50.26 Billion | Exhibiting a CAGR of 7.8%
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The global ventilation system market size is projected to reach USD 50.26 billion by 2030, at a CAGR of 7.8% during the forecast period from 2023-2030.
Pune, India, April 04, 2023 (GLOBE NEWSWIRE) — The global ventilation system market size stood at USD 27.61 billion in 2022. The market is set to expand from USD 29.65 billion in 2023 to USD 50.26 billion by 2030, exhibiting a CAGR of 7.8% over the estimated period. The rise can be attributed to the recent advancements in evaporative cooling, fan technology, and controlling.This information is provided by Fortune Business Insights™ in its research report, titled “Ventilation System Market, 2023-2030”.
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Industry Development
January 2022 – Munters completed the acquisition of EDPAC. The deal was focused on enhancing its presence in the Europe market.
Report Highlights:
| Report Coverage | Details |
| Forecast Period | 2023-2030 |
| Forecast Period 2023 to 2030 CAGR | 7.8% |
| 2030 Value Projection | USD 50.26 Billion |
| Base Year | 2022 |
| Market Size in 2022 | USD 27.61 Billion |
| Historical Data for | 2019-2021 |
| No. of Pages | 282 |
| Segments covered | By Product, By Application and By Region |
| Growth Drivers | Rising Inclination toward Green Buildings to Impel Market Expansion |
| Increased Demand for Decentralized Ventilation System to Drive the Market Growth |
COVID-19 Impact:
Industry Value Affected Due to Temporary Halt on Air Conditioning and Ventilation Activities
The industry was moderately impacted during the Q1 of 2020. This was driven by the temporary halt on ventilation and air conditioning activities. However, the market is expected to record considerable expansion over the forecast period. This is on account of the rising demand for reduced temperature and fresh Indoor Air Quality (IAQ).
Click here to get the short-term and long-term impact of COVID-19 on this Market: https://www.fortunebusinessinsights.com/ventilation-system-market-102834
Drivers and Restraints
Escalating Demand for Decentralized Systems to Propel Industry Expansion
The ventilation system market growth is majorly being driven by the increasing popularity of decentralized systems. These systems are being deployed for decreasing the number of ducts and interconnections in multi-family residential projects and office buildings.
However, the industry expansion may be hindered due to high operating and maintenance costs associated with the installation of ventilation systems.
Report Coverage
The report gives an in-depth coverage of the significant trends favoring the global business landscape throughout the projected period. It further provides an insight into the major factors boosting the industry expansion over the forecast period. Some of the additional aspects comprise the vital steps taken by major industry participants for the consolidation of market position.
List of Key Players Present in the Market
- Midea Group Co., Ltd. (China)
- KOMFOVENT (Lithuania)
- 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.)
Quick Buy – Ventilation System Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102834
Segments:
Centralized Ventilation Segment to Register Considerable Expansion Owing to Increasing Product Demand
On the basis of product, the market is subdivided into centralized ventilation, data center cooling, decentralized ventilation, and range hood. Of these, the centralized ventilation segment is slated to expand at an appreciable pace over the study period. The surge can be credited to the increasing demand for air handling units and fresh air systems for commercial and residential spaces.
Commercial Segment to Gain Traction Impelled by Rising Product Adoption
Based on application, the market is fragmented into commercial, residential, and industrial. The commercial segment is estimated to register substantial expansion throughout the projected period. The rise is driven by the increasing construction of commercial buildings such as airports, restaurants, and quick service restaurants.
On the basis of geography, the market is analyzed across Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
Regional Insights:
Asia Pacific to Lead Owing to the Presence of Emerging Markets
The Asia Pacific ventilation system market share is poised to register considerable expansion over the estimated period. The rise is being driven by the growing adoption of tunnel fresh air ventilation and air handling units across industrial, commercial, and residential spaces.
The North America market is estimated to expand at a substantial rate throughout the projected period. The surge can be attributed to the escalating demand for residential indoor air quality systems.
Competitive Landscape:
Key Players Enter into Partnership Deals to Strengthen Industry Foothold
Major companies are focusing on the adoption of a series of strategic initiatives for the consolidation of their industry position. These steps include merger agreements, acquisitions, and the launch of new products. Some of the additional initiatives comprise an increase in research activities and rise in participation in trade conferences.
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Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Ventilation System Market Key Players Market Share Insights and Analysis, 2022
- Regulations & Policies
- Air Quality Regulations
- Ventilation Regulations
- List of Prominent Market Players by Product Type
- In row cooling
- Fan Wall
- Precise air conditioner
- ERV (Energy recovery ventilation
- MVHR (Mechanical Ventilation with Heat Recovery)
- AHU
- Bath Fan
- Single tunnel fresh air ventilation
- Hood
- Downdraft
- Roof top
- Ventilation Product Performance Requirement Matrix
- Primary Interview Responses
- Global Ventilation System Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- Key Findings
- By Product Type (USD)
- Data Center Cooling
- In row cooling
- Fan Wall
- Precise air conditioner
- Centralized ventilation
- Fresh Air System
- AHU
- Decentralized ventilation
- Bath Fan
- Single tunnel fresh air ventilation
- Range hood
- Hood
- Downdraft
- Roof top
- Data Center Cooling
- By Application (USD)
- Commercial
- Data Center Cooling
- Centralized ventilation
- Decentralized ventilation
- Range hood
- Residential
- Centralized ventilation
- Decentralized ventilation
- Range hood
- Industrial
- Data Center Cooling
- Centralized ventilation
- Decentralized ventilation
- Commercial
- By Region (USD)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Continued…
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FAQ’s
How big is the Ventilation System Market?
The global Ventilation System Market size was estimated at USD 27.61 billion in 2022 and is expected to reach USD 6.73 billion in 2023
What is the Ventilation System Market growth?
The global Ventilation System Market is expected to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030 to reach USD 50.26 billion by 2030
About Us:
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