Ventilation System Market Report 2025

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%. 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.

Rising urbanization is anticipated to drive the growth of the ventilation system market in the coming years. Urbanization refers to the expansion of cities, resulting in a higher percentage of the population residing in urban areas. Ventilation systems play a critical role in urbanization by enhancing air quality, mitigating heat island effects, and improving overall environmental comfort, which fosters healthier living conditions and supports sustainable city growth in the face of climate challenges. For instance, in April 2022, the World Economic Forum, a Switzerland-based independent international organization, reported that over 4.3 billion people - approximately 55% of the global population - lived in urban settings, a figure projected to rise to 80% by 2050. Therefore, the increasing urbanization is driving demand for ventilation systems.

Concerns related to air quality, particularly the impact on human and occupational health, are contributing to the heightened demand for ventilation systems. The significance of maintaining good indoor air quality is underscored by reports from the US Environmental Protection Agency (EPA), which highlight that indoor air pollutants can be 2-5 times higher than outdoor levels and, in some cases, even exceed outdoor levels by 100 times. Given that people spend approximately 90% of their time indoors, the elevated levels of indoor air pollutants are a matter of significant concern. The increasing awareness and concerns regarding air quality issues, including low indoor air quality, are expected to be key drivers propelling the growth of the ventilation system market.

Major companies in the ventilation systems market are focusing on developing innovative residential building ventilation systems to enhance indoor air quality, increase energy efficiency, and comply with evolving building regulations. These efforts aim to create healthier living environments that address the challenges posed by rising urbanization and climate change. A residential building ventilation system is designed to manage indoor air quality by ensuring proper air exchange, effectively removing stale air and introducing fresh air. For example, in July 2022, LG Electronics, a South Korea-based technology company, launched a new residential building ventilation system aimed at improving indoor air quality. This system features a built-in CO2 sensor, HEPA filter, and UV-C technology, addressing the demand for effective ventilation in energy-efficient buildings. It includes Energy Recovery Ventilation (ERV) units that utilize a heat exchanger to pre-condition incoming air while managing humidity levels. The system operates in three modes - ERV, Bypass, and automatic fan speed adjustment based on CO2 and particle concentrations - reflecting updated building regulations in England that emphasize improved indoor air quality.

Key players in the ventilation system market are leveraging advanced technologies to drive innovation and solidify their market positions. LG, a South Korea-based electronics company, exemplifies this approach by launching a new residential building energy recovery ventilation system in July 2022. This system features a built-in CO2 sensor, HEPA (high-efficiency particulate air) filter, and UV-C (Ultraviolet-C) technology, ensuring superior air quality for building occupants. The high-efficiency filter captures fine particles in the incoming supply air stream, while UV lights target and disrupt the DNA of microorganisms, such as bacteria and viruses, preventing their spread in the form of airborne aerosols. The adoption of advanced technologies for product development reflects the commitment of major companies in the ventilation system market to meet evolving customer needs and stay ahead in the competitive landscape.

In November 2022, Trane Technologies, an Ireland-based manufacturer specializing in HVAC and refrigeration systems, acquired AL-KO Air Technology, a subsidiary of AL-KO SE, for an undisclosed sum. This acquisition enables Trane Technologies to broaden its offerings in air handling, extraction, and ventilation solutions, strengthening its commercial HVAC product and service portfolios across Europe and Asia. AL-KO Air Technology, headquartered in Germany, is renowned for its expertise in manufacturing ventilation and air handling technology.

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.

Asia-Pacific was the largest region in the ventilation system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the ventilation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. 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.

A ventilation system refers to a deliberate system delivering fresh outdoor air into indoor spaces while expelling stagnant air. This process can be achieved through mechanical or natural means. Its primary purpose is to regulate indoor air quality by diluting and eliminating indoor pollutants. Additionally, the system controls indoor humidity, temperature, and air circulation, thereby enhancing thermal comfort and overall indoor environmental conditions.

Various types of ventilation systems include axial and centrifugal fans, heat recovery systems, and other related products. Axial and centrifugal fans are available in diverse designs and sizes, tailored for specific applications based on airflow requirements, pressure needs, and intended usage scenarios. Mounting options such as wall-mount, ceiling-mount, and cabinet-mount types are utilized across residential and non-residential settings.

The ventilation system market research report is one of a series of new reports that provides ventilation system market statistics, including global market size, regional shares, competitors with a ventilation system market share, detailed ventilation system market segments, market trends and opportunities, and any further data you may need to thrive in the ventilation system industry. This ventilation system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ventilation system market consists of sales of a air filters and fan coil units. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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