Ventilation Equipment Market Projected to Witness a Double-Digit CAGR During 2015-2025

Ventilation equipment are used in buildings to maintain the temperature and to improve the quality of indoor air. These equipment are utilized in both the exchange of air – inside to outside and circulation within the building. Ventilation equipment are essential to maintain indoor quality of air in building. Different type of equipment available in ventilation equipment market includes heat recovery ventilation units, room air distribution units and fume hoods. Fume hoods are majorly used in kitchen and laboratories to remove heat, odor and smoke. Room air distribution units are used to mix the existing air with new conditioned air in homes and offices.

Ventilation Equipment Market: Drivers & Restraints

Construction industry is expected to register a substantial growth worldwide in upcoming years which is expected to be driver for the increasing demand for ventilation equipment market during the forecast period. Increasing urbanization supported by regulation for energy efficient building across the globe is likely to spur the growth of the ventilation equipment market.

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Ventilation Equipment Market: Segmentation

On the basis of product type, ventilation equipment market is broadly segmented as:

Axial Fans
Centrifugal Fans
Cross Flow Fans
Domestic Exhaust Fans
Power Roof Fans
Range Hoods
Others

On the basis of Application, the ventilation equipment market is segmented into:

Residential
Non – Residential

Ventilation Equipment Market: Overview

Regulations for energy efficient building implement by government all over the world increased the demand for ventilation equipment as it helps in maintain the temperature in an area with less energy consumption. With growing environmental concerns and increasing awareness among the end users ventilation equipment market is expected to register a substantial growth during the forecast period.

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Ventilation Equipment Market: Key Players

Some of the players in the ventilation equipment market we identified includes, Centrotec Sustainable AG, Greenheck Fan Corp., CaptiveAire Systems Inc, Twin City Fan Companies Ltd., Munters AB, Nortek Incorporated, Fläkt Woods Group and Soler & Palau Group.

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