Ventilation System Market Expected to Achieve 9.6% CAGR by 2029: Growth Forecast Insights

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How Large Will the Ventilation System Market Size By 2025?
In the past few years, the ventilation system market has seen robust growth. The market value is expected to increase from $33.23 billion in 2024 to $35.24 billion in 2025, registering a compound annual growth rate (CAGR) of 6.1%. This uptrend during the historical period is the result of dynamic economic expansion in developing markets, a surge in construction expenditure, the influence of favorable government policies, and an escalation in infrastructure investment.

How Big Is the Ventilation System Market Size Expected to Grow by 2029?
A considerable increase in the ventilation system market size is anticipated in the forthcoming years, with an estimated value of $50.81 billion in 2029, at a compound annual growth rate (CAGR) of 9.6%. The market expansion in the projected period can be ascribed to increasing apprehensions about air quality, escalating urban growth, and residential building development. The key trends anticipated during the forecast period include an emphasis on business expansion, achieving net-zero emissions, forming partnerships and collaborations, creating innovative products, investments in technologies such as artificial intelligence (AI), and companies undergoing mergers and acquisitions.

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Which Key Market Drivers Powering Ventilation System Market Expansion and Growth?
The escalating trend of urbanization is predicted to boost the expansion of the ventilation system market. The urbanization process encompasses the growth of cities, resulting in a higher proportion of people residing in urban locales. The ventilation system holds vital importance in urbanization by improving air quality, reducing heat island effects, and enhancing overall environmental comfort. This encourages healthier living habits that aid sustainable city development and resilience to climate adversities. For example, the World Economic Forum, an independent Switzerland-based international organization, reported in April 2022 that over 4.3 billion individuals, equivalent to 55% of the global population, inhabited urban areas, and this figure is projected to escalate to 80% by 2050. Hence, increased urbanization propels the ventilation system market.

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Which Fast-Growing Trends Are Poised to Disrupt the Ventilation System Market?
Primary players in the ventilation systems market are concentrating their efforts on creating advanced residential building ventilation systems to significantly boost indoor air quality, increase energy savings, and meet changing building codes. This helps construct healthier living spaces that can address issues caused by increased urbanization and climate shifts. Residential building ventilation systems are designed to control the air quality inside homes by ensuring adequate air circulation, removing stale air, and replacing it with fresh air. To illustrate, in July 2022, LG Electronics, a technology firm based in South Korea, introduced a novel ventilation system specifically for residential buildings, aimed at improving indoor air quality. The system is equipped with an integrated CO2 sensor, a HEPA filter, and UV-C technology to meet the demands for superior ventilation in energy-efficient structures. The system comprises Energy Recovery Ventilation (ERV) units that leverage a heat exchanger to condition the incoming air while simultaneously managing humidity levels. The three operational modes of the system are ERV, Bypass, and automatic fan speed adjustments based on CO2 and particulate concentration levels, which respond to the revised building regulations in England stressing the need for improving indoor air quality.

What Are the Emerging Segments in the Ventilation System Market?
The ventilation systemmarket 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 Global Leaders in the Ventilation System Market?
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

Which are the Top Profitable Regional Markets for the Ventilation System Industry?
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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