Ventilation System Global Market Opportunities And Strategies To 2032

“Ventilation System Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on ventilation system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for ventilation system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ventilation system market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Product: Axial and Centrifugal Fans; Heat Recovery Systems; Other Products

• 2) By Type: Wall-Mount Type; Ceiling-Mount Type; Cabinet-Mount Type

• 3) By Application: Residential; Non-Resdential

• Companies Mentioned: UAB KOMFOVENT; CaptiveAire Systems; Greenheck Fan Corporation; SandP UK Ventilation Systems Ltd.; Twin City Fan and Blower

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the ventilation system market are: UAB KOMFOVENT, CaptiveAire Systems, Greenheck Fan Corporation, SandP UK Ventilation Systems Ltd., Twin City Fan and Blower, Johnson Controls, Honeywell International Inc., Mitsubishi Electric Corporation, Nortek Air Solutions, CENTROTEC SE, Daikin Industries Ltd., Zehnderamerica, Trane Technologies Inc., Carrier Global, and Midea Group Co Ltd.

The global ventilation system market grew from $28.68 billion in 2022 to $31.26 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The ventilation system market is expected to grow to $43.22 billion in 2027 at a CAGR of 8.4%.

The ventilation system market consists of sales of a air filters and fan coil units. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.

Asia-Pacific was the largest region in the ventilation system market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this ventilation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The main types of ventilation systems are axial and centrifugal fans; heat recovery systems; and other products. The wall-mount type segment is designed to be installed anywhere on a wall surface, but these are generally found in the middle of an area. The wall-mount type unit is built with features that allow it to rotate and direct airflow where the user needs it. This makes these especially good for delivering air conditioning in an indoor space. The numerous different types include wall-mount type, ceiling-mount type, and cabinet-mount type, which are used in residential and non-residential applications.

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 since 1880. The 2020 year was the second-warmest year according to NOAA's previous temperature data. Also, in the year 2020, the average surface temperature was 1.76° F (0.98° C) across land and ocean. Therefore, the changing climate is the most critical factor influencing the growth of the ventilation system market.

Product innovation is a key trend gaining popularity in the ventilation system market. The global ventilation system market contains a large number of prominent manufacturers that are currently focusing on the development and marketing of novel devices to cater to the high demand and to gain a competitive edge. For instance, in April 2021, Greenheck, a US-based manufacturer of air movement, conditioning, and control equipment, introduced a new model, RV-10, the latest addition to its line of rooftop ventilation equipment for both partial recirculation and 100% outside air systems. Model RV-10 also includes an inverter compressor that delivers accurate temperature and moisture control at lower sound levels and improves energy savings by perfecting part-cargo effectiveness.

In October 2020, Onpoint Industrial Services LLC, a US-based management, scientific, and technical consulting company, acquired Innovative Ventilation Systems, Inc. for an undisclosed amount. With this acquisition, Onpoint absorbed all operations, services, and customer accounts under the Innovative Ventilation Systems brand and allowed increasing value for both companies, broadening the scope of turnaround services available to customers. Innovative Ventilation Systems is a US-based manufacturer of axial impellers and ventilators for industrial applications.

The countries covered in the ventilation system market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The ventilation system market research report is one of a series of new reports from The Business Research Company that provides ventilation system market statistics, including global market size, regional shares, competitors with a ventilation system market share, detailed ventilation system market segments, market trends and opportunities, and any further data you may need to thrive in the ventilation system industry. This ventilation system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.