US$ 19,566.67 Million, Mechanical Ventilation Systems Market is Emerging with 5.27% of CAGR by 2028

According to our latest market study on “Mechanical Ventilation Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market was valued at US$ 19,566.67 million in 2021 and is projected to reach US$ 28,022.63 million by 2028; it is expected to grow at a CAGR of 5.27% from 2021 to 2028.

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Mechanical ventilation is a system used to remove contaminated indoor air and bring in fresh outdoor air to provide a healthy and safe working environment in residential, commercial, and industrial sectors. A mechanical ventilation system consists of two main components—a fresh air supply system and an exhaust system. The supply system comprises an air inlet, air filtering equipment, and air-conditioning system. Mechanical ventilation systems are designed to bring in outdoor air at a specific speed to match the type of work and the rate of contaminants released in a building or a workplace.

Some of the companies competing in the Mechanical Ventilation Systems Market are:
• Volution Group plc
• DUCO Ventilation & Sun Control
• Caladair International
• Mitsubishi Electric Corporation
• Airflow Developments Limited
• Vortice
• BLAUBERG
• INFINEON TECHNOLOGIES AG
• AERMEC(UK)
• MECHANICAL AIR SUPPLIES LTD

Mechanical ventilation is preferred to control employee exposure to air contaminants. Other benefits of mechanical ventilation include maintenance of temperature and humidity at comfortable levels, and reduction of potential fire or explosion hazards. In a residential setup, the whole-house ventilation system uses fans to improve air quality by reducing the amount of air contaminants and controlling the humidity in the house.

The incorporation of embedded devices in energy recovery systems prevent it from freezing and reduce frost formation that can damage heat exchangers. This further decreases the maintenance costs. Increased focus on indoor climate have increased demand for turn-key heating, ventilation, and air conditioning (HVAC) solutions and integrated cooling methodologies. This is enabling the market vendors to invest in technologies that helps to obtain good thermal comfort and indoor air quality in warm summer seasons.

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The technological development in the HVAC industry is focused on cost down initiatives and improvements of existing technology. There is a growing demand for latent heat storage, with higher storage density and smaller temperature changes. The potential use of Phase Change Material (PCM) in HVAC solutions for thermal storage and temperature maintenance applications, and innovations in the Next Generation Ventilation (NeGeV) to optimize system performance and cater to the ventilation and cooling demands for commercial and industrial sectors are among the factors bolstering the growth of the market.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Mechanical Ventilation Systems market. The researcher provides an extensive analysis of the Mechanical Ventilation Systems market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

The global mechanical ventilation systems market has been segmented as follows:

Mechanical Ventilation Systems Market – by Type
o Exhaust Ventilation
o Supply Ventilation
o Balanced Ventilation
o Energy Recovery Ventilation

Mechanical Ventilation Systems Market – by Application
o Industrial
o Residential
o Commercial

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