How much is the ventilation system market worth, and how is it expected to expand?
The ventilation system market size has grown strongly in recent years. It will grow from $33.23 billion in 2024 to $35.89 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. 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 rapid growth in the next few years. It will grow to $52.82 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. 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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How has the ventilation system market evolved, and what factors have shaped its growth?
Rising urbanization is expected to propel the growth of the ventilation system market going forward. Urbanization is the process in which cities expand, leading to an increasing percentage of the population living in urban areas. Ventilation system plays a crucial role in urbanization by enhancing air quality, mitigating heat island effects, and improving overall environmental comfort, thus fostering healthier living conditions that support sustainable city growth and resilience against climate challenges. For instance, in April 2022, according to the World Economic Forum, a Switzerland-based independent international organization, more than 4.3 billion people, or 55% of the world’s population, lived in urban settings, and the number is expected to rise to 80% by 2050. Therefore, the rising urbanization drives the ventilation system market.
What are the major segments of the ventilation system market?
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
Subsegments:
1) By Axial And Centrifugal Fans: Axial Fans, Centrifugal Fans, Mixed Flow Fans
2) By Recovery Ventilation Systems: Heat Recovery Ventilation (HRV) Systems, Energy Recovery Ventilation (ERV) Systems
3) By Other Products: Ducts And Accessories, Air Filters, Ventilation Controls
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Which companies dominate the ventilation system market?
Major companies operating in the ventilation system market include 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., Zhongshan Aden Environmental Technology Co. Ltd, Suzhou Mia Intelligent Technology Co. Ltd, Beijing Holtop Air Conditioning Co. Ltd, Shandong Beideli HVAC Equipment Co. Ltd, TLT-Turbo GmbH, Kemper GmbH, LK Metallwaren GmbH, ALNOR VENTILATION SYSTEMS LTD, Bluevent Air Systems Sp. Z O.o, Vent-Ex Sp. Z O.o., Entalpia Europe Sp. z o. o., KOMFOVENT, CaptiveAire Systems, Nortek Air Solutions, Constromech Fzco, Air Master Equipments Emirates LLC, 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
How will evolving trends contribute to the growth of the ventilation system market?
Major companies operating in ventilation systems market are focused on developing innovative residential building ventilation system to enhance indoor air quality, increase energy efficiency, and comply with evolving building regulations, ultimately fostering healthier living environments that address the challenges posed by rising urbanization and climate change. A residential building ventilation system is designed to manage the air quality within homes by ensuring proper air exchange, thereby removing stale air and introducing fresh air. For instance, in July 2022, LG Electronics, a South Korea-based technology company launched a new residential building ventilation system designed to enhance indoor air quality. The system features a built-in CO2 sensor, HEPA filter, and UV-C technology, addressing the need for effective ventilation in energy-efficient buildings. It includes Energy Recovery Ventilation (ERV) units that use a heat exchanger to pre-condition incoming air while managing humidity levels. The system operates in three modes that include ERV, Bypass, and automatically adjusting fan speeds based on CO2 and particle concentrations, in response to updated building regulations in England emphasizing improved indoor air quality.
What are the key regional dynamics of the ventilation system market, and which region leads in market share?
The countries covered in the ventilation system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Ventilation System Market Report 2025 Offer?
The ventilation system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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