Ventilation Equipment Market Research Report: By Equipment Type (Supply Ventilation Equipment, Exhaust Ventilation Equipment, Heat Recovery Ventilation Equipment, Air Filtration and Purification Equipment, Air Handling Units, Fans and Blowers), By Application (Residential Buildings, Commercial Buildings, Industrial Buildings, Hospitals and Healthcare Facilities, Public Buildings), By Control System (Manual Control Systems, Automatic Control Systems, Variable Air Volume (VAV) Control Systems, Demand-Controlled Ventilation (DCV) Systems, Inte

Global Ventilation Equipment Market Overview

The Ventilation Equipment Market Size was estimated at 16.95 (USD Billion) in 2022.The Ventilation Equipment Industry is expected to grow from 17.85(USD Billion) in 2023 to 28.5 (USD Billion) by 2032. The Ventilation Equipment Market CAGR (growth rate) is expected to be around 5.34% during the forecast period (2024 - 2032).

Key Ventilation Equipment Market Trends Highlighted

The Ventilation Equipment Market is experiencing a surge in innovations driven by advancements in energy efficiency and air quality control. IoT integration enables remote monitoring, predictive maintenance, and optimized energy consumption. Key drivers include rising concerns over indoor air quality, increasing construction activities in emerging markets, and government regulations mandating ventilation systems in buildings.Recent trends include the growing popularity of decentralized ventilation systems, which offer better air quality control and energy efficiency due to targeted air distribution. HVAC systems incorporating AI and machine learning are also gaining traction, improving system performance and optimizing energy consumption.Opportunities lie in exploring sustainable ventilation solutions, such as solar-powered ventilation systems and heat recovery systems. Additionally, the demand for portable ventilation equipment is rising due to the increased use of portable air purifiers and ventilators, particularly in healthcare and commercial settings.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Ventilation Equipment Market Drivers

Increasing Demand for Energy-Efficient Buildings

The first main driver that leads the Ventilation Equipment Market Industry is the rising demand for energy-efficient buildings. People around the world have become more conscious and focused on reducing their carbon footprint, and this pertains to governments as well as businesses. Moreover, the usage of modern technologies in the given domain can also help managers evaluate their energy usage and provide a workforce that can lower energy rates.The overall human population continues to grow, and people steadily become more urbanized than in the past. Therefore, the demand for high-quality airflow solutions in large multinational corporations and small businesses will only continue to increase. In other words, it is expected that the demand for comfort will only rise while the space available in urban areas will become more and more limited. It is hard to deny that modern-day HVAC equipment can support the above-stated changes and specifics.According to statistics provided by the International Energy Agency, the global building sector utilizes almost 40% of all energy. Given the facts mentioned above, there is no better alternative on the market than energy-efficient ventilation equipment. It allows building owners to optimize their airflows and enhance the quality of air. However, the usage of ventilation equipment can also reduce the overall consumption of energy and operating costs.In other words, it is beneficial for the present and future.

Rising Awareness of Indoor Air Quality

The growing concerns about indoor air quality are yet another driver of the Ventilation Equipment Market Industry. With individuals spending more time indoors, they are raising concerns about the quality of the air that is present in their houses. By improving the air quality present in areas of residence or at their place of work, ventilation equipment serves to reduce the number of pollutants available and also ensure that fresh air is present.This is important due to the increasing world population and growing urban areas. A report by the World Health Organization estimates that indoor air pollution is responsible for 3.8 million premature deaths.

Government Regulations and Standards

There are other aspects contributing to the rise of the Ventilation Equipment Market Industry as well. In many countries worldwide local governments established regulations according to which any building must be equipped with ventilation systems operated in the proper way. The main purpose of these regulations is the protection of people’s health. Furthermore, a number of countries are adopting new green building standards where compliance implies the use of ventilation equipment that is energy-efficient.All these factors contribute to the creation of a more beneficial market based on government standards and regulations for ventilation equipment producers.

Ventilation Equipment Market Segment Insights:

Ventilation Equipment Market Equipment Type Insights

The Ventilation Equipment Market is segmented by Equipment Type into Supply Ventilation Equipment, Exhaust Ventilation Equipment, Heat Recovery Ventilation Equipment, Air Filtration and Purification Equipment, Air Handling Units, and Fans and Blowers. Supply Ventilation Equipment: Supply ventilation equipment brings fresh air into a space. This equipment includes fans, blowers, and air-handling units. The Ventilation Equipment Market revenue for supply ventilation equipment is expected to reach USD 5.8 billion by 2024, growing at a CAGR of 5.5%.The growth of this segment is attributed to the increasing demand for fresh air in indoor spaces, especially in developing countries. Exhaust Ventilation Equipment: Exhaust ventilation equipment removes stale air from a space. This equipment includes fans, blowers, and air-handling units. The Ventilation Equipment Market revenue for exhaust ventilation equipment is expected to reach USD 4.5 billion by 2024, growing at a CAGR of 4.8%. The growth of this segment is attributed to the increasing demand for energy-efficient ventilation systems.Heat Recovery Ventilation Equipment: Heat recovery ventilation equipment transfers heat from the exhaust air to the incoming fresh air. This equipment includes heat exchangers and energy recovery ventilators. The Ventilation Equipment Market revenue for heat recovery ventilation equipment is expected to reach USD 3.2 billion by 2024, growing at a CAGR of 6.1%. The growth of this segment is attributed to the increasing demand for energy-efficient ventilation systems. Air Filtration and Purification Equipment: Air filtration and purification equipment removes pollutants from the air.This equipment includes filters, air purifiers, and air scrubbers. The Ventilation Equipment Market revenue for air filtration and purification equipment is expected to reach USD 2.9 billion by 2024, growing at a CAGR of 5.9%. The growth of this segment is attributed to the increasing demand for clean air, especially in urban areas. Air Handling Units: Air handling units condition the air in a space. This equipment includes fans, blowers, filters, and coils. The Ventilation Equipment Market revenue for air handling units is expected to reach USD 2.7 billion by 2024, growing at a CAGR of 5.2%.The growth of this segment is attributed to the increasing demand for comfortable indoor environments. Fans and Blowers: Fans and blowers move air in a space. This equipment is used in a variety of applications, including ventilation, heating, and cooling. The Ventilation Equipment Market revenue for fans and blowers is expected to reach USD 2.4 billion by 2024, growing at a CAGR of 4.9%. The growth of the market is attributed to the increasing demand for energy-efficient ventilation systems, the increasing demand for clean air, and the increasing demand for comfortable indoor environments.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Ventilation Equipment Market Application Insights

The Ventilation Equipment Market segmentation by Application is expected to reach USD 23.2 billion by 2032, exhibiting a CAGR of 6.2% during the forecast period. Increasing urbanization and industrialization are propelling the demand for efficient ventilation systems in various applications. Residential Buildings: The residential segment held the largest market share in 2022, owing to rising concerns about indoor air quality and energy efficiency. Government regulations and incentives for energy-efficient appliances further drive growth in this segment.Commercial Buildings: The commercial segment is projected to witness significant growth due to the increasing construction of offices, retail spaces, and hospitality facilities. Advancements in smart building technologies and the need for improved indoor air quality contribute to the segment's expansion. Industrial Buildings: Industrial buildings require proper ventilation to ensure worker safety and maintain optimal working conditions. Stringent occupational health and safety regulations necessitate the adoption of effective ventilation systems, driving market growth in this segment.Hospitals and Healthcare Facilities: Hospitals and healthcare facilities prioritize maintaining sterile and well-ventilated environments to prevent infections and ensure patient well-being. The increasing demand for healthcare infrastructure and the focus on infection control measures support the growth of this segment. Public Buildings: Public buildings such as schools, universities, and government offices require proper ventilation to create comfortable and healthy indoor spaces. Government initiatives and regulations aimed at improving indoor air quality in public places contribute to the growth of this segment.

Ventilation Equipment Market Control System Insights

The Control System segment holds a significant share in the Ventilation Equipment Market and is projected to experience steady growth in the coming years. The segment encompasses a range of control systems, including Manual Control Systems. These systems allow users to manually adjust ventilation settings, such as fan speed and airflow, to achieve desired comfort levels. Automatic Control Systems: These systems use sensors and algorithms to automatically adjust ventilation settings based on factors such as temperature, humidity, and occupancy.Variable Air Volume (VAV) Control Systems: These systems adjust the airflow volume to maintain a constant pressure in the ventilated space, optimizing energy efficiency. Demand-Controlled Ventilation (DCV) Systems: These systems use sensors to detect occupancy and adjust ventilation rates accordingly, reducing energy consumption. Internet of Things (IoT)-Enabled Control Systems: These systems connect ventilation equipment to the internet, allowing for remote monitoring and control. The increasing adoption of IoT-enabled control systems is expected to drive segment growth as they offer enhanced energy efficiency, remote management capabilities, and real-time data insights.Additionally, rising demand for energy-efficient ventilation solutions in commercial and residential buildings is projected to fuel market growth.

Ventilation Equipment Market Power Source Insights

The Ventilation Equipment Market is segmented by Power Source into Electric, Gas-Powered, Solar-Powered, and Hybrid. Among these, the Electric segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of the electric segment can be attributed to increasing government regulations favoring energy-efficient solutions, rising demand for sustainable ventilation systems, and technological advancements leading to improved efficiency and reduced operating costs. The Gas-Powered segment is anticipated to witness significant growth over the forecast period due to the abundant availability of natural gas in various regions and its cost-effectiveness compared to electricity.Solar-powered ventilation systems are gaining popularity in off-grid areas and regions with ample solar radiation. The Hybrid segment, which combines different power sources, is expected to grow steadily as it offers flexibility and reliability in various applications. The Ventilation Equipment Market revenue for the Electric segment is projected to reach USD 12.5 billion by 2024, while the Gas-Powered segment is expected to generate revenue of USD 3.8 billion. The Solar-Powered and Hybrid segments are estimated to have market values of USD 1.2 billion and USD 0.9 billion, respectively, by 2024.

Ventilation Equipment Market Regional Insights

The regional segmentation of the Ventilation Equipment Market offers valuable insights into market dynamics and growth prospects across different regions. North America holds a significant market share due to advanced healthcare infrastructure, increasing demand for ventilation equipment in hospitals and clinics, and favorable government regulations. Europe is another major regional market driven by stringent air quality standards and growing awareness of respiratory health. APAC is projected to witness robust growth due to the rising prevalence of chronic respiratory diseases, expanding healthcare infrastructure, and increasing disposable income.South America and MEA are emerging markets with growing demand for ventilation equipment, fueled by improving healthcare systems and increasing government investments in healthcare infrastructure. The Ventilation Equipment Market revenue is expected to reach USD 28.5 billion by 2032, exhibiting a CAGR of 5.34% during the forecast period 2024-2032.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Ventilation Equipment Market Key Players And Competitive Insights:

Most of the companies present in the Ventilation Equipment Market try to keep their competitive advantages by introducing innovative solutions and expanding the geography of influence. Many leading companies in the market make significant investments in innovative technologies in order to implement energy-efficient and cost-effective ventilation systems. In many cases, companies actively try to improve their market positions and develop new solutions for their customers through partnerships with other firms or through mergers and acquisitions. Overall, the Ventilation Equipment Market is characterized by a high level of competition, and many leading companies follow the general rules in order to stay competitive, like differentiation of the product offer, high-level customer service and advanced technologies.

In 2021, Trane Technologies acquired the Air-Conditioning, Heating, and Refrigeration AHR Expo. A leading HVACR market expo and conference event. Trane Technologies is a globally known company in the solutions for the indoor comfort market. The firm is present in more than 100 countries. This solution can significantly enhance the firm’s position in the Ventilation Equipment Market and increase competitiveness. The Air-Conditioning, Heating, and Refrigeration Expo is a well-known international event and can include new potential customers from previously unexplored regions. Trane Technologies has a lot of experience in the development of innovative solutions and subscribes to the principles of sustainability and energy efficiency.

Swegon is one of the prominent companies in the Ventilation Equipment Market. The company is based in Sweden and works in the development of energy-efficient ventilation systems and indoor climate systems. The firm has a significant presence in Europe and the Middle East and is actively expanding its presence in North and South America and Asia-Pacific. Also, the company is actively developing new innovative products during the work of its R&D centers. The WISEAir product, which can optimize the quality of indoor air and energy consumption with the help of artificial intelligence, exemplifies this approach. Swegon can be characterized as a company with a strong focus on sustainability and customer service.

Key Companies in the Ventilation Equipment Market Include:

• Honeywell International


• Lennox International


• Panasonic Corporation


• Trane


• Johnson Controls


• Carrier


• Samsung Electronics


• United Technologies Corporation


• Toshiba Corporation


• Daikin Industries


• Siemens AG


• Ingersoll Rand


• Mitsubishi Electric Corporation


• LG Electronics


• Emerson Electric

Ventilation Equipment Market Industry Developments

The Ventilation Equipment Market is projected to reach USD 28.5 billion by 2032, exhibiting a CAGR of 5.34% during the forecast period (2024-2032). Increasing demand for energy-efficient ventilation systems in commercial and residential buildings, rising awareness about indoor air quality, and growing construction activities are key factors driving market growth.Recent developments in the ventilation equipment market include the launch of smart ventilation systems with advanced features such as air quality monitoring, remote control, and personalized ventilation. Additionally, the integration of IoT and AI technologies is enabling the development of intelligent ventilation systems that can optimize energy consumption and improve indoor air quality.Key players in the ventilation equipment market are focusing on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge. Mergers and acquisitions are also prevalent, with industry leaders acquiring smaller companies to strengthen their product portfolio and market presence

Ventilation Equipment Market Segmentation Insights

• Ventilation Equipment Market Equipment Type Outlook
  
  
  
  • Supply Ventilation Equipment
  
  
  • Exhaust Ventilation Equipment
  
  
  • Heat Recovery Ventilation Equipment
  
  
  • Air Filtration and Purification Equipment
  
  
  • Air Handling Units
  
  
  • Fans and Blowers
  
  
  
  

• Ventilation Equipment Market Application Outlook
  
  
  
  • Residential Buildings
  
  
  • Commercial Buildings
  
  
  • Industrial Buildings
  
  
  • Hospitals and Healthcare Facilities
  
  
  • Public Buildings
  
  
  
  

• Ventilation Equipment Market Control System Outlook
  
  
  
  • Manual Control Systems
  
  
  • Automatic Control Systems
  
  
  • Variable Air Volume (VAV) Control Systems
  
  
  • Demand-Controlled Ventilation (DCV) Systems
  
  
  • Internet of Things (IoT)-Enabled Control Systems
  
  
  
  

• Ventilation Equipment Market Power Source Outlook
  
  
  
  • Electric
  
  
  • Gas-Powered
  
  
  • Solar-Powered
  
  
  • Hybrid
  
  
  
  

• Ventilation Equipment Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa