Global Ventilation System Market Projected to Grow at 10.1% CAGR, Reaching $52.82 Billion by 2029

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Ventilation System Market Size Growth Forecast: What to Expect by 2025?
The market size for ventilation systems has seen robust growth in recent years. It is projected to expand from $33.23 billion in 2024 to $35.89 billion in 2025, representing an 8.0% compound annual growth rate (CAGR). The notable growth during the historical period can be traced back to robust economic expansion in emerging markets, increased spending in construction, favourable government initiatives, and heightened investment in infrastructure.

How Will the Ventilation System Market Size Evolve and Grow by 2029?
Anticipated to witness a swift expansion in the upcoming years, the market size for the ventilation system is projected to inflate to $52.82 billion by 2029, showcasing a compound annual growth rate (CAGR) of 10.1%. The predicted surge in the market during the forecast period can be associated with escalating apprehensions about air quality, burgeoning urbanization, and advancement in residential construction. The forecast period is expected to observe major trends like emphasis on company growth, net zero emissions, forging partnerships and collaborations, and introduction of innovative items. Investments in cutting-edge technologies like artificial intelligence (AI) and the pursuits of mergers and acquisitions are also forecasted.

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What Drivers Are Propelling the Growth of Ventilation System Market Forward?
The acceleration of urbanization is predicted to fuel the expansion of the ventilation system market. Urbanization comprises the expansion of cities, causing a higher proportion of people to inhabit urban regions. The role of ventilation systems in urbanization is key as they enhance air quality, counteract urban heat island effects, and boost overall environmental comfort thus promoting healthier living environments supportive of sustainable urban growth and resilience to climatic challenges. For instance, data from the World Economic Forum, a Switzerland-based independent international organization, in April 2022 indicated that over 4.3 billion people, equating to 55% of the global population, resided in urban areas, a figure projected to surge to 80% by 2050. Consequently, escalating urbanization propels the ventilation system market.

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Which Emerging Trends Are Transforming the Ventilation System Market in 2025?
Leading businesses in the ventilation systems market are focusing on the creation of novel residential building ventilation systems to boost indoor air quality, enhance energy efficiency, and adhere to changing building codes. This is intended to promote healthier living environments capable of confronting the difficulties posed by increasing urbanisation and climate change. Specifically, a residential building ventilation system is designed to maintain home air quality through effective air exchange, removing stale air and introducing fresh air. For instance, LG Electronics, a technological organisation from South Korea, introduced a new residential building ventilation system in July 2022 aimed at boosting indoor air quality. The system comes with a CO2 sensor built-in, a HEPA filter, and UV-C technology, catering to the demand for efficient ventilation in energy-saving buildings. It consists of Energy Recovery Ventilation (ERV) units that use a heat exchanger to pre-condition incoming air while controlling humidity levels. The system runs on three modes - ERV, Bypass, and an automating fan speed adjustment based on CO2 and particle density, responding to the revised building codes in England that prioritize enhanced indoor air quality.

What Are the Key Segments in the Ventilation System Market?
The ventilation system market covered in this report is segmented -

1) By Product: Axial And Centrifugal Fans, Recovery Ventilation Systems, Other Products
2) By Type: Wall-Mount Type, Ceiling-Mount Type, Cabinet-Mount Type
3) By Application: Residential, Non-Residential

Subsegments:
1) By Axial And Centrifugal Fans: Axial Fans, Centrifugal Fans, Mixed Flow Fans
2) By Recovery Ventilation Systems: Heat Recovery Ventilation (HRV) Systems, Energy Recovery Ventilation (ERV) Systems
3) By Other Products: Ducts And Accessories, Air Filters, Ventilation Controls

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Who Are the Key Players Shaping the Ventilation System Market's Competitive Landscape?
Major companies operating in the ventilation system market include Panasonic, Daikin Industries Ltd, Carrier, Mitsubishi Electric, LG Electronics, Midea Group Co. Ltd., Johnson Controls, Twin City Fan and Blower, Greenheck Fan Corporation, Honeywell International Inc., Zhongshan Aden Environmental Technology Co. Ltd, Suzhou Mia Intelligent Technology Co. Ltd, Beijing Holtop Air Conditioning Co. Ltd, Shandong Beideli HVAC Equipment Co. Ltd, TLT-Turbo GmbH, Kemper GmbH, LK Metallwaren GmbH, ALNOR VENTILATION SYSTEMS LTD, Bluevent Air Systems Sp. Z O.o, Vent-Ex Sp. Z O.o., Entalpia Europe Sp. z o. o., KOMFOVENT, CaptiveAire Systems, Nortek Air Solutions, Constromech Fzco, Air Master Equipments Emirates LLC, Modern Systems for Environmental Tech. Co., Munters, Bacharach Inc, Acme Engineering Prod., Eigenbrodt GmbH & Co, Atlas Air Conditioning, CFW Fans, Trox Africa, FabricAir South Africa, Univent, Daikin Egypt, Aerovent

What Geographic Markets Are Powering Growth in the Ventilation System Market?
Asia-Pacific was the largest region in the ventilation system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the ventilation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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