PUBLISHER: Allied Market Research | PRODUCT CODE: 1140124
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140124
The global industrial ventilation equipment market size was valued at $8,949.0 million in 2021, and is projected to reach $18,188.2 million by 2031, registering a CAGR of 7.3% from 2022 to 2031.
Industrial ventilation equipment controls the level of contaminants such as toxic materials, dust, gases, temperature, odor and humidity. Dilution ventilation system is adopted in industries where internal heat, gases and odor are generated and needs to be exhausted or diluted. It improves and maintain indoor air quality and enhance the production and manufacturing environment in industries such as chemical, oil & gas, manufacturing and building products.
The market is growing due to rising air pollution level in industries such as chemical, manufacturing and oil & gas which results in growing cases of breathing problems and various other disorders. Moreover, strict government rules and regulations regarding labor health and safety in industrial workplaces have created demand for industrial ventilation equipment. Moreover, increasing infrastructure and industrial development in emerging countries such as Germany, Africa, U.S. and India are accelerating the growth of industrial ventilation equipment market.
In addition, various market key players have introduced advanced industrial ventilation equipment for improvement of indoor air quality and labor safety. For instance, in June 2021, Ebm-Past introduced new EC centrifugal fans with more power and efficiency. The EC motors integrated into the fans in the power range from 500 W to 8 kW achieve efficiency levels. Such factors are accelerating the industrial ventilation equipment market growth.
The industrial ventilation equipment market is segmented on the basis of ventilation type, system, end user industry, and region. By ventilation type, the market is categorized into dilution ventilation and local exhaust ventilation. Depending on system, it is fragmented into air supply system and exhaust system. On the basis of end user, it is categorized into chemical, building products, manufacturing, oil & gas and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
Key Market Segments
By Ventilation Type
By System Type
By End User Industry
By Region