Market Snapshot:
Home ventilation system is used in buildings to maintain the temperature and to improve the quality of indoor air. These system is utilized in both the exchange of air inside to outside and circulation within the building. Different type of equipment available in the ventilation system market includes heat recovery ventilation units, room air distribution units, and fume hoods. The general purpose of ventilation in buildings is to provide healthy air for breathing by both diluting the pollutants originating in the building and removing the pollutants from it. This is anticipated to support the growth of the very market in the upcoming years. Numerous key players are investing huge amount in R&D to develop cost and energy-efficient units which will propel the product demand.
Highlights from Home Ventilation System Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.58% |
The key Manufacturers profiled in the report are Panasonic (Japan), Carrier (United Technologies) (United States), Johnson Controls (United States), Daikin (Japan), Honeywell (United States), Hoval (United Kingdom), Systemair (Sweden), Lennox (United States), Atlantic (France) and Unovent (New Zealand). Additionally, other players that are part of this comprehensive study are Vent-Axia, HRV, EnviroVent and Fantech Ventilatio.
Geographic Breakdown and Segment Analysis
The Global Home Ventilation System market presents a comprehensive analysis of the Home Ventilation System market by product type (Exhaust Ventilation Systems, Supply Ventilation Systems, Balanced Ventilation Systems and Energy Recovery Systems), by end-user/application (New Decoration and Renovated), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Home Ventilation System industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Home Ventilation System market
Analyst at AMA have segmented the market study of Global Home Ventilation System market by Type, Application and Region.
Influencing Trend:
Filtration systems can be installed in mechanical ventilation so that harmful microorganisms, particulates, gases, odors, and vapors can be removed
Market Growth Drivers:
Growing Demand from Residential and Industrial Sectors owing to Hygiene and Clear Air, Rapid Increase in Air Pollution Levels and Stringent Environmental and Government Regulations for the Safety and Health of Industrial Workforce
Challenges:
High Complexities in Home Ventilation System Retrofit and High Installation and Maintenance Cost of Home Ventilation System
Restraints:
Higher Installation Cost of Home Ventilation System and Lack of Awareness Regarding Benefits of Home Ventilation System in Most of Developing Countries
Opportunities:
Government Regulations and Policies for Conserving Energy in Both Developing and Developed Economies and Increasing Penetration of Home Ventilation System in Residential Applications
Market Developments Activities:
On January 2023, Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a collaboration with Sendal, the most intelligent home solution that learns and adapts to occupants' behaviors, to address indoor air quality in today's highly energy efficient homes.
In Janauary 2024, Panasonic, a leading provider of ventilation and healthy indoor living solutions to the building industry, today announced the launch of the WhisperComfort 60 Energy Recovery Ventilator (ERV). HVI certified for energy recovery and sound, the new addition to Panasonic's family of ERVs furthers the company's dedication to providing whole-house ventilation in an energy efficient and cost-effective way.
Regulatory Insights:
The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) recommends intermittent or continuous ventilation rates for bathrooms and kitchens instead of using windows (natural ventilation): 50 or 20 cubic feet per minute for bathrooms, and 100 or 25 cubic feet per minute for kitchens, respectively.
The market is consolidated, with a few leading players. Key companies are indulging in various strategies to expand. Those include product launch, and mergers and acquisitions. The players are working hard to expand their reach and increase their consumer base all over the globe.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries