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Ventilation Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)- Product Image
Ventilation Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)- Product Image
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Ventilation Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 237 Pages
  • December 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 6032151
Description Jump to:
The global ventilation equipment market is expected to experience significant growth during the forecast period from 2024 to 2031. This growth is driven by increasing demand from industries such as pharmaceuticals, industrial manufacturing, and chemicals. Post-COVID-19, awareness regarding air quality and ventilation has surged, fostering expansion opportunities for the market.

Ventilation equipment plays a critical role in maintaining optimal indoor air quality and preventing the spread of airborne contaminants. The market is increasingly adopting energy-efficient solutions, particularly in healthcare facilities, where proper ventilation ensures infection control and patient safety. As industries resume operations post-pandemic, the demand for ventilation systems is set to rise.

Market Drivers

Energy-efficient Systems in Healthcare:

Hospitals and clinics are significant users of ventilation systems, with a growing emphasis on energy-efficient solutions that maintain air quality while reducing energy consumption. Proper ventilation mitigates the risk of airborne pathogens, benefiting patients with compromised immunity.

Health and Safety Awareness:

Consumers are prioritizing ventilation systems to control airborne contaminants, reduce odors, and maintain temperature and humidity. Public spaces, including offices, malls, and residential complexes, are seeing increased investments in ventilation to ensure safer environments.

Infrastructure Growth:

Urbanization and infrastructure development, particularly in the South Asia and Pacific regions, are creating substantial opportunities for ventilation system installations in both industrial and non-industrial settings.

Business Opportunities

Technological Innovations:

Manufacturers are advancing ventilation technologies to offer cost-effective, high-performance systems tailored to industrial and non-industrial applications.

Global Network Expansion:

Companies are bolstering their production and supply networks in key regions such as East Asia and Europe, leveraging the high concentration of industrial manufacturers in these markets.

Regional Analysis

East Asia:

The region dominated the market in 2023, accounting for nearly one-fourth of the global share, and is expected to remain a significant demand center through 2031 due to robust industrial growth.

North America and Europe:

These regions are witnessing strong demand due to increasing investments in healthcare infrastructure and rising adoption of energy-efficient systems.

South Asia and Pacific:

Rapid urbanization and development in construction projects are expected to drive substantial growth in this region.

Competitive Analysis

The ventilation equipment market is moderately fragmented, with leading players accounting for over one-third of the market share. The competitive landscape includes 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 Infra
  • 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


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Table of Contents

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
7.2.1.1. Industrial
7.2.1.1.1. Chemical
7.2.1.1.2. Pharmaceutical
7.2.1.1.3. Transportation Infra
7.2.1.1.4. Industrial Manufacturing
7.2.1.1.5. Textile
7.2.1.1.6. Pulp and Paper
7.2.1.1.7. Refineries
7.2.1.2. Non-Industrial
7.2.1.2.1. Offices
7.2.1.2.2. Educational Institutes
7.2.1.2.3. Shopping Malls
7.2.1.2.4. Hospitals & Clinics
7.2.1.2.5. Hotels & Restaurants
7.2.1.2.6. Others
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

Companies Mentioned

  • 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

Methodology

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