Global Ventilation Grills Market Expected to Reach $543.3 Million by 2031

According to a new report published by Allied Market Research, titled, "Global Ventilation Grills Market," The global ventilation grills market size was valued at $367.70 million in 2021, and is estimated to reach $543.3 million by 2031, growing at a CAGR of 3.8% from 2022 to 2031.

𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚:- https://www.alliedmarketresearch.com/request-toc-and-sample/4067

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Ventilation Grills are specialized air-conditioning and ventilation products used to circulate air within the building. They are usually made of aluminum or steel and are available in various designs, sizes, and features. Ventilation grills are installed in the walls and ceilings of the building to allow air movement and reduce the risk of condensation. The market for ventilation grills is growing due to the increasing demand for energy-efficient and cost-effective ventilation solutions.

Ventilation grills are segmented based on material into plastic, metal, and wood. Among these, the metal segment held the largest ventilation grills market share in 2021, owing to the extensive use of metal ventilation grills in commercial and industrial buildings. Furthermore, ventilation grills are bifurcated into the exhaust and air supply based on their application. Based on application, the air supply segment registered a higher revenue in 2021, owing to the extensive use of air supply vents in cold countries.

In addition, the market is analyzed among different end-user industries of ventilation grills, which includes building residential and non-residential buildings. The market is mainly driven by the rise in the residential real estate industry. However, factors such as fluctuating prices of raw materials and low expenditure on ventilation systems in developing economies are anticipated to limit the ventilation grills market growth.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮: - https://www.alliedmarketresearch.com/purchase-enquiry/4067

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

The increasing demand for smart and connected ventilation solutions is one of the key trends in the market. Smart ventilation grills are equipped with sensors and can be remotely operated by smartphones. Additionally, the increasing demand for energy-efficient ventilation technologies is also driving the market growth.

The major players in the market are Greenheck Fan Corporation, Systemair AB, J & D Manufacturing, Inc., Loren Cook Company, Vent-Axia, Inc., Titus HVAC, Twin City Fan Companies, Soler & Palau, Airflow Developments Limited, and Swegon AB. These companies are focusing on product innovation and technological advancements to gain a competitive edge in the market.

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: - https://www.alliedmarketresearch.com/checkout-final/e9839fcda9550a88846fd6ee3b580e90

Key Takeaways:

• The global ventilation grills market was valued at USD 5.4 billion in 2019 and is expected to reach USD 7.6 billion by 2027, at a CAGR of 4.3%.
• The key drivers of the market are the increasing demand for energy-efficient ventilation solutions, rising construction activities, and technological advancements.
• The increasing demand for smart and connected ventilation solutions and the increasing demand for energy-efficient ventilation technologies are the major trends in the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.