The Complete PDF Guide To Mechanical Ventilation Systems Market

Innovations in Cost-Effective Energy Recovery Ventilators (ERV) to Provide Growth Opportunities for Mechanical Ventilation Systems Market during 2021-2028

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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. Efficient ducts can effectively reduce pressure drops in the system and improve overall performance. 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.

Volution Group Ltd.; Aremec; Mechanical Air Supplies Ltd; Duco Ventilation and Sun Control; Caladair International; Mitsubishi Electric Corporation; Airflow Developments Limited; Vortice; Blauberg; and Infineon Technologies AG are among the key players profiled during the study of the mechanical ventilation systems market. In addition, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global market and its ecosystem.

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. Further, significant developments and innovations in mechanical ventilation systems are anticipated to match current price levels and greatly reduce operating costs while offering 50-90% reduced energy consumption and a reduced carbon footprint. All the aforementioned factors are expected to support market growth and offer lucrative growth opportunities to market players.

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

Asia Pacific dominated the mechanical ventilation systems market in 2020 with a share of 35.6% and is expected to continue its dominance by 2028. North America is the second-largest contributor to the global mechanical ventilation systems market in 2020, followed by Europe.

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