|Fastest Growing Market:||Asia-Pacific|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The breakout of the COVID-19 pandemic in 2020 has had a negative influence on the market, with sales of commercial HVAC goods rapidly declining. Due to COVID-19 the supply chain was hampered and further impacted the global economy. The subsequent lockdown forced by various government bodies accross countries impacted the players in Ventilation System market with respect to labor availability, product transportation and raw materials procurement.
Home ventilation systems provide residents with a safe and comfortable living environment. These systems regulate airflow in the home to prevent pollutants like smoke, carbon dioxide, and volatile organic compounds from accumulating. When outdoor pollutant levels are high or indoor temperatures rise during the summer months, homes should have multiple ventilation fans installed throughout the interior to expel dangerous gases from within.
The growing demand for open-plan homes, rising construction activity in emerging economies such as India and China, and rising awareness about energy efficiency are some of the key factors driving market growth. Furthermore, growing health concerns about indoor air quality have increased the demand for efficient ventilation systems in residential buildings.
Scope of the Report
The scope of the study is currenty focused on the Global Home Ventilation System Market. The Global Home Ventilation System Market is segmented by Product Type (Exhaust Ventilation System, Supply Ventilation System, Balanced Ventilation System, Energy Recovery System), by Application (New Decoration, Renovation) and by Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).
|By Product Type|
|Exhaust Ventilation System|
|Supply Ventilation System|
|Balanced Ventilation System|
|Energy Recovery System|
|Middle East & Africa|
Key Market Trends
Innovations in Cost-Effective Energy Recovery Ventilation (ERV)
The HVAC industry's technological development is focused on cost-cutting initiatives and improving existing technology. Latent heat storage with higher storage density and smaller temperature changes is becoming more popular. The potential use of Phase Change Material (PCM) in HVAC solutions for thermal storage and temperature maintenance applications, as well as innovations in Next Generation Ventilation (NeGeV) to optimise system performance and meet ventilation and cooling demands for commercial and industrial sectors, are among the factors driving market growth. Furthermore, significant developments and innovations in mechanical ventilation systems are expected to match current price levels and significantly reduce operating costs while offering 50–90% lower energy consumption and a lower carbon footprint. All of the aforementioned factors are expected to support market growth and provide market participants with lucrative growth opportunities.
To understand key trends, Download Sample Report
Home Renovation Industry will propel the Sales of Home Ventilation System Market
The global home improvement market was valued at USD 763 billion in 2020. With a CAGR of more than 4%, the home improvement market value was expected to surpass the trillion dollar mark by 2027. Homeowners' shifting preferences for energy-efficient and luxurious living spaces are significantly contributing to the industry's growth doe ventilation system. Rapid urbanization, combined with government initiatives to provide incentives and tax credits for green building construction, has fueled market growth for home ventilation system. Furthermore, the popularity of e-commerce and the availability of technologically advanced system upgrades will drive global home ventilation system activity.
To understand geography trends, Download Sample Report
The report includes an overview of Home Ventilation comapnies operating across Global. We wish to present detailed profiling of a few major companies which cover product offerings, regulations governing them, their headquarters, and financial performance. Currently some of the major players dominating the market are listed below.
- In Jan 2022, LG launched, PuriCare AeroTower which was widely recognized for being one of the most exciting products of CES 2022 on behalf of its home appliance offerings. Its newest ventilation system that features LG's enhanced Artificial Intelligence Direct Drive was also recognized by leading lifestyle publications.
- In 2020, Panasonic launched Cosmos, a innovative indoor air quality system. It is designed in such a way that it works automatically in the background to remove contaminated air and bring in fresh, filtered air from outside.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Insights on Government Regulations on Ventilation System Market
4.5 Insights on Technological Trends and Consumer Preferences
4.6 Value Chain/Supply Chain Analyisis
4.7 Porters 5 Force Analysis
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers/Consumers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Exhaust Ventilation System
5.1.2 Supply Ventilation System
5.1.3 Balanced Ventilation System
5.1.4 Energy Recovery System
5.2 By Application
5.2.1 New Decoration
5.3 By Geography
5.3.1 North America
5.3.2 South America
5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Competition Overview (Market Concentration And M&A Deals)
6.2 Company Profiles
6.2.3 Johnson Controls
6.2.5 Daikin Industries
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
You can also purchase parts of this report. Do you want to check out a section wise price list?
Frequently Asked Questions
What is the study period of this market?
The Global Home Ventilation System Market market is studied from 2018 - 2027.
What is the growth rate of Global Home Ventilation System Market?
The Global Home Ventilation System Market is growing at a CAGR of >7% over the next 5 years.
Which region has highest growth rate in Global Home Ventilation System Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Home Ventilation System Market?
Europe holds highest share in 2021.
Who are the key players in Global Home Ventilation System Market?
Panasonic, Carrier, Honeywell, Daikin Industries, LG are the major companies operating in Global Home Ventilation System Market.