Ventilation Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Ventilation Equipment Trends and Forecast

The future of the global ventilation equipment market looks promising with opportunities in the industrial, commercial, and residential applications. The global ventilation equipment market is expected to reach an estimated $42.9 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are rising popularity of decentralized ventilation system and growing concern towards air quality.

A more than 150-page report is developed to help in your business decisions.

Ventilation Equipment by Segment

The study includes a forecast for the global ventilation equipment by product, equipment type, application, and region.

Ventilation Equipment Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Data Center Cooling
• Centralized Ventilation
• Decentralized Ventilation
• Range Hood

Ventilation Equipment Market by Equipment Type [Shipment Analysis by Value from 2018 to 2030]:

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

Ventilation Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Commercial
• Residential

Ventilation Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Ventilation Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ventilation equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ventilation equipment companies profiled in this report include-

• Daikin Industries
• Lennox International
• Systemair
• Air System Components
• Crompton Greaves

Ventilation Equipment Market Insights

Lucintel forecasts that centralized ventilation is expected to witness the highest growth over the forecast period due to growing need for air handling units and fresh air systems for both residential and commercial applications that provide energy efficiency and robust features.

Within this market, commercial will remain the largest segment due to rising adoption of ventilation systems to provide a healthy workplace in hotels & restaurants, airports, educational institutions, and private sectors.

APAC is expected to witness highest growth over the forecast period due to increasing adoption of air handling units and tunnel fresh air ventilation across residential, commercial, and industrial spaces in this region.

Features of the Global Ventilation Equipment Market

Market Size Estimates: Ventilation equipment market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ventilation equipment market size by product, equipment type, application, and region in terms of value ($B).

Regional Analysis: Ventilation equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, equipment types, applications, and regions for the ventilation equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ventilation equipment market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the ventilation equipment market size?

Answer: The global ventilation equipment market is expected to reach an estimated $42.9 billion by 2030.

Q2. What is the growth forecast for ventilation equipment market?

Answer: The global ventilation equipment market is expected to grow with a CAGR of 7.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the ventilation equipment market?

Answer: The major drivers for this market are rising popularity of decentralized ventilation system and growing concern towards air quality.

Q4. What are the major segments for ventilation equipment market?

Answer: The future of the ventilation equipment market looks promising with opportunities in the industrial, commercial, and residential applications.

Q5. Who are the key ventilation equipment market companies?

Answer: Some of the key ventilation equipment companies are as follows:

• Daikin Industries
• Lennox International
• Systemair
• Air System Components
• Crompton Greaves

Q6. Which ventilation equipment market segment will be the largest in future?

Answer: Lucintel forecasts that centralized ventilation is expected to witness the highest growth over the forecast period due to growing need for air handling units and fresh air systems for both residential and commercial applications that provide energy efficiency and robust features.

Q7. In ventilation equipment market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to increasing adoption of air handling units and tunnel fresh air ventilation across residential, commercial, and industrial spaces in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the ventilation equipment market by product (data center cooling, centralized ventilation, decentralized ventilation, and range hood), equipment type (air filter, air handling unit, air purifier, roof vents, axial fan, and centrifugal fan), application (industrial, commercial, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?