Ventilation Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

Description

The global ventilation equipment market is poised for notable growth between 2024 and 2031, propelled by surging demand from industries such as pharmaceuticals, industrial manufacturing, and chemicals. The post-COVID-19 era has heightened awareness about air quality and ventilation, unlocking significant growth potential for the market.

Ventilation equipment is essential for maintaining optimal indoor air quality and preventing the spread of airborne contaminants. The market is witnessing a shift toward energy-efficient solutions, particularly in healthcare facilities, where proper ventilation ensures infection control and patient safety. As industries recover and resume operations post-pandemic, demand for advanced ventilation systems is expected to rise.

Market Drivers

1.Energy-efficient Systems in Healthcare:

Hospitals and clinics increasingly rely on energy-efficient ventilation systems to maintain air quality and reduce energy usage. These systems play a critical role in mitigating airborne pathogens, ensuring safer environments for immunocompromised patients.

2.Health and Safety Awareness:

Ventilation systems are gaining traction among consumers for their ability to control airborne contaminants, minimize odors, and regulate temperature and humidity. Investments in safer ventilation solutions are particularly pronounced in public spaces like offices, malls, and residential complexes.

3.Infrastructure Growth:

Urbanization and infrastructure development in the South Asia and Pacific regions present considerable opportunities for ventilation system installations in industrial and non-industrial applications.

Business Opportunities

1.Technological Innovations:

Manufacturers are developing advanced ventilation technologies to deliver high-performance, cost-effective systems catering to diverse industrial and non-industrial needs.

2.Global Network Expansion:

Companies are expanding their production and supply capabilities in strategic markets, such as East Asia and Europe, capitalizing on the robust industrial base in these regions.

Regional Analysis

1.East Asia:

Dominating the market in 2023 with nearly one-fourth of the global share, East Asia is expected to remain a critical demand center through 2031, driven by strong industrial growth.

2.North America and Europe:

These regions are experiencing increased demand due to rising investments in healthcare infrastructure and widespread adoption of energy-efficient systems.

3.South Asia and Pacific:

Rapid urbanization and booming construction projects are anticipated to drive significant growth in this region.

Competitive Analysis

The ventilation equipment market is moderately fragmented, with leading players holding over one-third of the market share. The competitive landscape includes both global and regional manufacturers, such as:

Envirovent Ltd.
Manrose Manufacturing Ltd.
Stamm International Corporation
Zibo Lihua Ventilation Equipment Co. Ltd.
VES Andover Ltd.
Daikin Industries, Ltd.
Lennox International Inc.
Takasago Thermal Engineering Co. Ltd.
Systemair AB
Totech Corporation Inc.
Greenheck Fan Corporation
Air System Components Inc.
Gree Electric Appliances Inc.
Nuaire
CECO Environmental Corp.
Crompton Greaves Consumer Electricals Ltd.
Kruger Ventilation Industries Pte Ltd.
Airflow Developments Limited
Maico Elektroapparate-Fabrik GmbH
Schaefer Ventilation Equipment
Others

Ventilation Equipment Market Segmentation

By Equipment:

Air Filter
Air Handling Unit
Air Purifier
Roof Vents
Axial Fan
Centrifugal Fan

By Application:

Industrial:
Chemical
Pharmaceutical
Transportation Infrastructure
Industrial Manufacturing
Textile
Pulp and Paper
Refineries
Non-Industrial:
Offices
Educational Institutes
Shopping Malls
Hospitals & Clinics
Hotels & Restaurants
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

1. Executive Summary

1.1. Global Ventilation Equipment Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Ventilation Equipment Market Outlook, 2019 - 2031

3.1. Global Ventilation Equipment Market Outlook, by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Air Filter
  - 3.1.1.2. Air Handling Unit
  - 3.1.1.3. Air Purifier
  - 3.1.1.4. Roof Vents
  - 3.1.1.5. Axial Fan
  - 3.1.1.6. Centrifugal Fan
3.2. Global Ventilation Equipment Market Outlook, by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Industrial
    - 3.2.1.1.1. Chemical
    - 3.2.1.1.2. Pharmaceutical
    - 3.2.1.1.3. Transportation Infra
    - 3.2.1.1.4. Industrial Manufacturing
    - 3.2.1.1.5. Textile
    - 3.2.1.1.6. Pulp and Paper
    - 3.2.1.1.7. Refineries
  - 3.2.1.2. Non-Industrial
    - 3.2.1.2.1. Offices
    - 3.2.1.2.2. Educational Institutes
    - 3.2.1.2.3. Shopping Malls
    - 3.2.1.2.4. Hospitals & Clinics
    - 3.2.1.2.5. Hotels & Restaurants
    - 3.2.1.2.6. Others
3.3. Global Ventilation Equipment Market Outlook, by Region, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Ventilation Equipment Market Outlook, 2019 - 2031

4.1. North America Ventilation Equipment Market Outlook, by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Air Filter
  - 4.1.1.2. Air Handling Unit
  - 4.1.1.3. Air Purifier
  - 4.1.1.4. Roof Vents
  - 4.1.1.5. Axial Fan
  - 4.1.1.6. Centrifugal Fan
4.2. North America Ventilation Equipment Market Outlook, by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Industrial
    - 4.2.1.1.1. Chemical
    - 4.2.1.1.2. Pharmaceutical
    - 4.2.1.1.3. Transportation Infra
    - 4.2.1.1.4. Industrial Manufacturing
    - 4.2.1.1.5. Textile
    - 4.2.1.1.6. Pulp and Paper
    - 4.2.1.1.7. Refineries
  - 4.2.1.2. Non-Industrial
    - 4.2.1.2.1. Offices
    - 4.2.1.2.2. Educational Institutes
    - 4.2.1.2.3. Shopping Malls
    - 4.2.1.2.4. Hospitals & Clinics
    - 4.2.1.2.5. Hotels & Restaurants
    - 4.2.1.2.6. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Ventilation Equipment Market Outlook, by Country, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 4.3.1.2. U.S. Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 4.3.1.3. Canada Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 4.3.1.4. Canada Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Ventilation Equipment Market Outlook, 2019 - 2031

5.1. Europe Ventilation Equipment Market Outlook, by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Air Filter
  - 5.1.1.2. Air Handling Unit
  - 5.1.1.3. Air Purifier
  - 5.1.1.4. Roof Vents
  - 5.1.1.5. Axial Fan
  - 5.1.1.6. Centrifugal Fan
5.2. Europe Ventilation Equipment Market Outlook, by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Industrial
    - 5.2.1.1.1. Chemical
    - 5.2.1.1.2. Pharmaceutical
    - 5.2.1.1.3. Transportation Infra
    - 5.2.1.1.4. Industrial Manufacturing
    - 5.2.1.1.5. Textile
    - 5.2.1.1.6. Pulp and Paper
    - 5.2.1.1.7. Refineries
  - 5.2.1.2. Non-Industrial
    - 5.2.1.2.1. Offices
    - 5.2.1.2.2. Educational Institutes
    - 5.2.1.2.3. Shopping Malls
    - 5.2.1.2.4. Hospitals & Clinics
    - 5.2.1.2.5. Hotels & Restaurants
    - 5.2.1.2.6. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Ventilation Equipment Market Outlook, by Country, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.2. Germany Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.3. U.K. Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.4. U.K. Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.5. France Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.6. France Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.7. Italy Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.8. Italy Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.9. Turkey Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.10. Turkey Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.11. Russia Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.12. Russia Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.13. Rest of Europe Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 5.3.1.14. Rest of Europe Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Ventilation Equipment Market Outlook, 2019 - 2031

6.1. Asia Pacific Ventilation Equipment Market Outlook, by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Air Filter
  - 6.1.1.2. Air Handling Unit
  - 6.1.1.3. Air Purifier
  - 6.1.1.4. Roof Vents
  - 6.1.1.5. Axial Fan
  - 6.1.1.6. Centrifugal Fan
6.2. Asia Pacific Ventilation Equipment Market Outlook, by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Industrial
    - 6.2.1.1.1. Chemical
    - 6.2.1.1.2. Pharmaceutical
    - 6.2.1.1.3. Transportation Infra
    - 6.2.1.1.4. Industrial Manufacturing
    - 6.2.1.1.5. Textile
    - 6.2.1.1.6. Pulp and Paper
    - 6.2.1.1.7. Refineries
  - 6.2.1.2. Non-Industrial
    - 6.2.1.2.1. Offices
    - 6.2.1.2.2. Educational Institutes
    - 6.2.1.2.3. Shopping Malls
    - 6.2.1.2.4. Hospitals & Clinics
    - 6.2.1.2.5. Hotels & Restaurants
    - 6.2.1.2.6. Others
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Ventilation Equipment Market Outlook, by Country, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.2. China Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.3. Japan Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.4. Japan Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.5. South Korea Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.6. South Korea Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.7. India Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.8. India Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.9. Southeast Asia Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.10. Southeast Asia Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.11. Rest of Asia Pacific Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 6.3.1.12. Rest of Asia Pacific Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Ventilation Equipment Market Outlook, 2019 - 2031

7.1. Latin America Ventilation Equipment Market Outlook, by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Air Filter
  - 7.1.1.2. Air Handling Unit
  - 7.1.1.3. Air Purifier
  - 7.1.1.4. Roof Vents
  - 7.1.1.5. Axial Fan
  - 7.1.1.6. Centrifugal Fan
7.2. Latin America Ventilation Equipment Market Outlook, by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Ventilation Equipment Market Outlook, by Country, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 7.3.1.2. Brazil Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 7.3.1.3. Mexico Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 7.3.1.4. Mexico Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 7.3.1.5. Argentina Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 7.3.1.6. Argentina Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 7.3.1.7. Rest of Latin America Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 7.3.1.8. Rest of Latin America Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Ventilation Equipment Market Outlook, 2019 - 2031

8.1. Middle East & Africa Ventilation Equipment Market Outlook, by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Air Filter
  - 8.1.1.2. Air Handling Unit
  - 8.1.1.3. Air Purifier
  - 8.1.1.4. Roof Vents
  - 8.1.1.5. Axial Fan
  - 8.1.1.6. Centrifugal Fan
8.2. Middle East & Africa Ventilation Equipment Market Outlook, by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Industrial
    - 8.2.1.1.1. Chemical
    - 8.2.1.1.2. Pharmaceutical
    - 8.2.1.1.3. Transportation Infra
    - 8.2.1.1.4. Industrial Manufacturing
    - 8.2.1.1.5. Textile
    - 8.2.1.1.6. Pulp and Paper
    - 8.2.1.1.7. Refineries
  - 8.2.1.2. Non-Industrial
    - 8.2.1.2.1. Offices
    - 8.2.1.2.2. Educational Institutes
    - 8.2.1.2.3. Shopping Malls
    - 8.2.1.2.4. Hospitals & Clinics
    - 8.2.1.2.5. Hotels & Restaurants
    - 8.2.1.2.6. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Ventilation Equipment Market Outlook, by Country, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 8.3.1.2. GCC Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 8.3.1.3. South Africa Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 8.3.1.4. South Africa Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 8.3.1.5. Egypt Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 8.3.1.6. Egypt Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 8.3.1.7. Nigeria Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 8.3.1.8. Nigeria Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Ventilation Equipment Market by Equipment, Value (US$ Mn) and Volume (Unit), 2019 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Ventilation Equipment Market by Application, Value (US$ Mn) and Volume (Unit), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by End Use Heatmap
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Envirovent Ltd.
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Manrose Manufacturing Ltd.
- 9.4.3. Stamm International Corporation
- 9.4.4. Zibo Lihua Ventilation Equipment Co. Ltd.
- 9.4.5. VES Andover Ltd.
- 9.4.6. Daikin Industries, Ltd.
- 9.4.7. Lennox International Inc.
- 9.4.8. Takasago Thermal Engineering Co. Ltd.
- 9.4.9. Systemair AB, Totech Corporation Inc.
- 9.4.10. Greenheck Fan Corporation
- 9.4.11. Air System Components Inc.
- 9.4.12. Gree Electric Appliances Inc.
- 9.4.13. Nuaire
- 9.4.14. CECO Environmental Corp.
- 9.4.15. Crompton Greaves Consumer Electricals Ltd.

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations