Ventilation System Market Segments, Analysis, Overview, Outlook Report 2023-2032

As per The Business Research Company's Ventilation System Opportunities And Strategies Market Report 2023, The global ventilation system market reached a value of nearly $28,487.6 million in 2022, having grown at a compound annual growth rate (CAGR) of 9.0% since 2017. The market is expected to grow from $28,487.6 million in 2022 to $42,699.4 million in 2027 at a rate of 8.4%. The market is then expected to grow at a CAGR of 10.9% from 2027 and reach $71,544.4 million in 2032.

Going forward, a rise in concerns regarding air quality, such as low indoor air quality, are projected to have a high impact on human and labor health. Such factors are likely to increase the demand for ventilation systems. For example, in December 2022, according to the US Environment Protection Agency, an independent executive agency of the United States federal government, the levels of indoor air pollutants are often 2-5 times higher than outdoor levels. In some cases, these levels can exceed the outdoor levels of the same pollutants by 100 times. These levels of indoor air pollutants are of particular concern, because most people spend about 90% of their time indoors. Therefore, the rise in concerns regarding air quality such as low indoor air quality are expected to propel the growth of the ventilation system market during the forecast period.

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Companies operating in the ventilation system market are focused on company expansion to grow in the market. For example, in December 2022, Ziehl-Abegg, a Germany-based ventilation systems manufacturer, invested more than $100 million to construct a new, 500,000-square-foot facility in Winston-Salem, which will bolster its existing operations in the state and house its regional administrative offices. The project will increase its overall production and distribution capacity throughout North America. Also, in December 2021, CaptiveAire Systems Inc., a US-based leading manufacturer of commercial kitchen ventilation equipment, set out plans to open a large office and research lab in St. George, Utah, US. The company plans to add up to 50 new high-paying jobs in the state over the next seven years.

Opportunities -The top opportunities in the ventilation system market segmented by product will arise in the recovery ventilation systems segment, which will gain $6,823.6 million of global annual sales by 2027. The top opportunities in the ventilation system market segmented by type will arise in the ceiling-mount type segment, which will gain $7,073.8 million of global annual sales by 2027. The top opportunities in the ventilation system market segmented by application will arise in the non-residential segment, which will gain $9,117.1 million of global annual sales by 2027. The ventilation system market size will gain the most in China at $4,180.1 million.

Ventilation System Market Segmentation:
The Ventilation System market is segmented

By Product -
The ventilation system market is segmented by product into
a) Axial And Centrifugal Fans
b) Recovery Ventilation Systems
c) Other Products

By Type -
The ventilation system market is segmented by type into
a) Wall-Mount Type
b) Ceiling-Mount Type
c) Cabinet-Mount Type

By Application -
The ventilation system market is segmented by application into
a) Residential
b) Non-Residential

Major players in the Ventilation System market include Panasonic, Daikin Industries Ltd, Carrier, Mitsubishi Electric, LG Electronics

The regions covered in the global Ventilation System market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Ventilation System Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Ventilation System Market Report Table Of Content

1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
………………………………………………….
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Ventilation System Market, Conclusions And Recommendations
23. Appendix

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