Ventilation Equipment Market is estimated to expand at a CAGR of over 5% throughout the forecast period of 2023-2033

Among many other industries, Ventilation Equipment Market is utilised in industrial manufacturing, the chemical industry, and the pharmaceutical business. Since the COVID-19 pandemic began, the pharmaceutical business has been expanding rapidly, which is helping to drive the growth of the ventilation equipment market. As a result, an increase in market size is anticipated for ventilation equipment worldwide from 2023 to 2030.

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The industrial manufacturing sector has witnessed significant growth in recent years, and this growth is estimated to persist over the coming years, subsequently ascending the demand for various equipment within the market.

Ventilation equipment at hospitals and clinics have huge energy consumption levels. Reducing overall energy usage, proper ventilation and indoor air quality is maintained to ensure proper infection control and patient safety. Healthcare facilities that are not properly ventilated can lead to the spread of airborne pathogens throughout the facility. Patients who have compromised immune systems are therefore at risk owing to improper ventilation. This is anticipated to lead to the growth of the ventilation equipment market over the coming years.

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Company Snapshots

• 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

Ventilation equipment is used in industrial manufacturing, chemical industry, and pharmaceutical industry, amongst many others. The pharmaceutical industry has been growing at a very high pace after the onset of the COVID-19 pandemic, which, in turn, is aiding the expansion of the ventilation equipment market size. As such, the global ventilation equipment market is projected to witness an upward trend over the 2020 to 2030 forecast period.

Key Takeaways from Ventilation Equipment Market Study

• Increasing demand for air handling units and rise in number of industrial applications of ventilation equipment across the world are major factors driving the demand in the ventilation equipment market.
• Demographic shifts in the South Asia and Pacific region are estimated to create significant opportunities for infrastructure development and building construction. Such paradigm shifts are expected to leave a fundamental imprint on development in building construction, and are anticipated to positively impact the ventilation equipment market.
• Sales of ventilation equipment are expected to surge in emerging economies such as China and India, where the chemical and pharmaceutical sectors are expected to witness robust growth over the forecast period.
• The European Union has strict regulations surrounding the usage of ventilation equipment. Eco design requirements covering energy efficiency and product information apply to units sold in the EU for usage in residential and non-residential buildings. Ventilation equipment sold in North America has to adhere to strict regulations of OSHA (Occupational Safety and Health Administration.
• East Asia accounts for almost one-third of the global ventilation equipment market share. This can be attributed to growth in industrial manufacturing, and pharmaceutical and chemical production.
• Countries such as India, China, Japan, and South Korea, etc. have become strategic locations for manufacturers owing to inexpensive labor, lower shipping costs, and established manufacturing infrastructure. Hence, the ventilation equipment market in South Asia & Pacific is expected to witness the highest growth during the forecast period.
• The COVID-19 pandemic led to supply chain disruptions, which adversely affected the progress of the ventilation equipment market. However, as a result of the virus spread, the importance of ventilation has never been so high, which will benefit market growth in the long term.

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Table of Content of this Report:

• Ventilation Equipment Market Overview and Analysis [ Market Size | Market Y-o-Y Growth | Market Dynamics]
• Ventilation Equipment Market Overview and Analysis [ Supply Chain | Cost Structure | Pricing Analysis | Raw Material Sourcing Strategy and Analysis | List of Distributors]
• Global Ventilation Equipment Market Analysis and Forecast By Product Type
• Global Ventilation Equipment Market Analysis and Forecast By Application Type
• Global Ventilation Equipment Market Analysis and Forecast By Region [ Europe | North America | APAC | Middle East and Africa]
• Global Ventilation Equipment Market Company Share, Competition Landscape and Company Profiles
• Research Methodology
• Secondary and Primary Sources
• Assumptions and Acronyms

In terms of regional distribution, global demand for ventilation equipment is dominated by East Asia, accounting for nearly one-fourth ventilation equipment market share in 2023. The region is projected to continue to be the most significant demand center for ventilation equipment throughout the forecast period.

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