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Ventilation Market Share

Report ID: GMI10269
Published Date: Jul 2024
Report Format: PDF

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Ventilation Market Share

Global Company Market Share Analysis, 2023

The ventilation industry is fragmented, with several regional companies operating on a global scale. In 2023, the Carrier Corporation, Daikin Industries, LG Electronics, Toshiba Corporation, and Trane Technologies led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.

Ventilation Market Share

Major players operating in the ventilation industry are:

ABB
Broan-NuTone
Carrier Corporation
Daikin Industries
Greenheck
Honeywell International
Johnson Controls
Lennox International
Mitsubishi Electric Corporation
Nortek Global HVAC
Panasonic Corporation
Titus HVAC
Trane Technologies
Vent-Axia
Zehnder Group

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of ventilation was reached USD 26.4 billion in 2023 and is expected to register 6% CAGR from 2024 to 2032, owing to the growing number of people becoming aware of the negative health effects of indoor air quality worldwide.

Ventilation industry from the ERV (energy recovery ventilator) segment is likely to exceed USD 20.8 billion by 2032, due to continuous advancements in ERV technology to improve its performance and suitability in a variety of building types and climates.

Asia Pacific ventilation industry is expected to register 6.3% CAGR from 2024 to 2032, due to increased awareness of the negative health effects of indoor pollution and tighter regulations in the region.

ABB, Greenheck, Honeywell International, Johnson Controls, Lennox International, Mitsubishi Electric Corporation, Nortek Global HVAC, Panasonic Corporation, Titus HVAC, Trane Technologies, Vent-Axia, and Zehnder Group, are some of the major ventilation companies worldwide.