Mechanical Ventilation Systems Market to Reach US$ 28,022.63 Million, Globally, by 2028 at 5.27% CAGR: The Insight Partners

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.

Growing innovations in energy recovery ventilation is anticipated to provide lucrative growth opportunities for the global mechanical ventilation system market. Prominent players are increasingly investing in the design and development of controlled ventilation that transfers heat from the warm exhaust air to the cold supply air to minimize energy and cost of heating ventilated air. A few energy recovery systems also use existing ductwork to manage the expenses.

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The report presents the market competitive landscape and consistent in-depth analysis of the major vendor/key players in the market along with the impact of economic slowdown due to COVID.

Competitive Landscape: Mechanical Ventilation Systems Market: 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

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 global mechanical ventilation systems market has been segmented as follows:

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

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

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