Europe Ventilation Equipment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Ventilation Equipment Market Analysis
Europe's Ventilation Equipment market was valued at USD 4.8 billion in 2022 and is expected to register a CAGR of 6.2% during the forecasted period. Ventilation systems are used to control indoor air quality by diluting and displacing indoor pollutants.
- Short- and long-term exposure to indoor air pollution has the potential to cause different types of health issues, such as respiratory diseases, heart disease, cognitive deficits, and cancer. Thus, the rising concerns about improving indoor air quality across the region are key factors driving the market's growth.
- Moreover, the region has a growing demand for energy-efficient ventilation equipment. According to the European Commission, ventilation units consume over 2% of all electricity in the European Union and are among the largest indoor electricity consumers after heating, cooling, and lighting. By using more efficient ventilation units, European citizens can save 1300 PJ in energy use each year by 2025.
- Also, the growing trends of green buildings coupled with the implementation of stringent regulations related to the health and safety of the industrial workforce will significantly augment the demand for ventilation systems.
- The pandemic highlighted the importance of ventilation, which positively impacted the market growth. Several studies suggested that COVID-19 transmission was particularly effective in crowded, confined indoor spaces such as workplaces (offices, factories) and other indoor settings, such as churches, restaurants, shopping centers, and vehicles. Ventilation with outdoor air was deemed to dilute contaminants in closed spaces and increase the time required for exposure to an infectious dose.
- However, the high cost related to installing and maintaining the ventilation systems is an important factor impeding the market's growth. Also, the lack of skilled professionals responsible for manufacturing and maintaining these systems is a restraint for market growth.
Europe Ventilation Equipment Market Trends
Commercial/Industrial End-User Sector to Grow at a Fast Rate
- Proper ventilation is crucial in indoor environments like commercial buildings where many people gather. Without it, properties may become susceptible to stagnant air, making the occupants vulnerable to health conditions.
- Moreover, improving indoor ventilation has a direct impact on improving employee productivity in offices. Also, office ventilation in the region is covered by different legislations, implying that employers are required to ensure that enclosed workplaces - like office blocks - are adequately ventilated to ensure a healthy environment for workers.
- For instance, the Workplace (Health, Safety, and Welfare) Regulations 1992 covered office ventilation in the United Kingdom. As per the legislation, clean air must be brought from outside the workplace and circulated throughout the building to replace the old air inside.
- Similarly, industrial building owners are required to maintain adequate ventilation in industrial warehouses. In countries like Spain, different laws regulate the ventilation of industrial buildings. For instance, according to Real Decreto 1027/2007 in Spain, the minimum air renewal in commercial buildings should be 8 cubic decimeters per second per person.
- Further, the increasing investments in the commercial sector in Europe are creating a positive outlook for the market. For instance, as per Colliers International, the total volume of commercial real estate investment in Central and Eastern European markets amounted to EUR 11.7 billion (USD 12.87 billion) in 2021, considerably higher than in the previous year.
United Kingdom to Occupy a Significant Share
- The United Kingdom became the first major economy to pass laws to reduce its greenhouse gas emissions to net zero by 2050. Also, in April 2021, the country enacted a new regulation to reduce emissions by 78% by 2035 on 1990 levels. As a part of this plan, the country aims to intensify its efforts and eliminate virtually all emissions from heating, cooling, and energy use in buildings.
- Moreover, energy bills were set to rise drastically in the United Kingdom after the country's energy regulator announced its price cap would increase by over 50% in April 2022. Ofgem, Britain's energy sector regulator, said that its price cap, under which the average household's annual energy bill is currently between GBP 1,277 and GBP 1,370, would be raised by 54%, marking a colossal increase, resulting in the probability of many households witnessing their energy bills rise by around GBP 700 a year. Such factors contribute to the region's growing demand for energy-efficient ventilation systems.
- The market also continues to witness significant product innovation with many product launches. For instance, in February 2023, Domus Ventilation, the UK-based manufacturer of ventilation systems, expanded its HRXE range of Mechanical Ventilation with Heat Recovery (MVHR) units by launching HRXE-ZEUS to meet ventilation requirements for large residential properties.
- The surge in construction activities in the region leading to the rapid expansion in the residential and commercial sectors also acts as a growth accelerator for the market. For instance, as per the Office for National Statistics, total construction output in Great Britain increased by 12.7% in 2021 compared with the previous year, which is the largest increase since annual records began in 1997, surpassing the previous record of 9.9% in 2014.
- Also, in September 2021, the Government in Britain revealed that a record GBP 650 billion (USD 900 billion) of private and public investment would be implemented in infrastructure projects across the region over the next decade. Such investments also support market growth.
Europe Ventilation Equipment Industry Overview
Europe's Ventilation Equipment Market is moderately competitive, with many major players. These players in the market use partnerships, mergers, innovations, investments, and acquisitions to improve their products and gain a competitive edge over others.
In December 2022, Swegon acquired UK-based air handling unit manufacturer Dalair Ltd., a family-owned manufacturer of bespoke air handling units, with 150 employees and two additional sales offices in London and Manchester. The move further strengthened Swegon's presence in the UK.
In July 2022, Aldes Group announced the acquisition of the Aereco Group to support its growth strategy by the market as part of its strategic plan for 2025. The merger allowed Groupe to strengthen its position in France and pursue its international development in the ventilation segment alongside the Exhausto brand.
Europe Ventilation Equipment Market Leaders
Aldes Group
Atlantic
Helios
Daikin
Systemair
*Disclaimer: Major Players sorted in no particular order
Europe Ventilation Equipment Market News
- July 2022: LG introduced a new residential building ventilation system with a built-in CO2 sensor, HEPA filter, and UV-C technology. The system significantly improved indoor air quality, reduces carbon emissions, and reduces energy consumption in the residential environment.
- June 2022: S&P (Soler & Palau) UK relaunched its brand of industrial ventilation and process fans with a range of fast-line products designed for the highly efficient conveyance of clean or light dusty air.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Technology Evolution
4.3 Impact of Macro-economic Trends (Post-COVID-19 changes, Economic uncertainties etc.) on the Market
4.4 Industry Attractiveness- Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Industry Ecosystem Analysis
4.6 Industry Regulations and Policies on the Ventilation Market
4.7 Distribution Channel Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increased Demand for Decentralized Ventilation System
5.1.2 High Prevalence of Respiratory Diseases
5.2 Market Challenges
5.2.1 Dependence on Macro-economic Conditions
5.2.2 High Operating and Maintenance Costs of Ventilation Equipment along with Shortage of Skilled Technicians
6. MARKET SEGMENTATION
6.1 By Type of Equipment
6.1.1 Supply/Exhaust Ventilation Systems
6.1.2 Balanced Systems (Heat Recovery and Energy Recovery Units)
6.2 By End-User
6.2.1 Residential
6.2.2 Commercial/Industrial
6.3 By Country
6.3.1 Italy
6.3.2 United Kingdom
6.3.3 Germany
6.3.4 France
6.3.5 Rest of Europe
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Aldes Group
7.1.2 Atlantic
7.1.3 Helios
7.1.4 Daikin
7.1.5 Systemair
7.1.6 Volution Group
7.1.7 Swegon
7.1.8 LG
7.1.9 Soler & Palau
- *List Not Exhaustive
8. FUTURE OUTLOOK OF THE MARKET
Europe Ventilation Equipment Industry Segmentation
Ventilation refers to the process of replacing stale air with fresh air. Ventilation equipment helps to control the airflow in a building and expels a build-up of pollutants, bacteria, moisture, and unpleasant odors.
The Europe Ventilation Equipment Market is segmented by Type of Equipment (Supply/Exhaust Ventilation Systems, Balanced Systems (Heat Recovery, and Energy Recovery Units)), End User (Residential, Commercial/Industrial), and Country (Italy, United Kingdom, Germany, France, Rest of Europe). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type of Equipment | |
| Supply/Exhaust Ventilation Systems | |
| Balanced Systems (Heat Recovery and Energy Recovery Units) |
| By End-User | |
| Residential | |
| Commercial/Industrial |
| By Country | |
| Italy | |
| United Kingdom | |
| Germany | |
| France | |
| Rest of Europe |
Frequently Asked Questions
What is the current Europe Ventilation Equipment Market size?
The Europe Ventilation Equipment Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Europe Ventilation Equipment Market?
Aldes Group, Atlantic, Helios, Daikin and Systemair are the major companies operating in the Europe Ventilation Equipment Market.
What years does this Europe Ventilation Equipment Market cover?
The report covers the Europe Ventilation Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Ventilation Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Ventilation Equipment Industry Report
Statistics for the 2024 Europe Ventilation Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Ventilation Equipment analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
