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Ventilation Market Share
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
Who are the key leaders in the ventilation industry?
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.
What is the size of the Asia Pacific ventilation market?
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.
Why is the demand for ERV (energy recovery ventilator) growing?
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.
How big is the ventilation market?
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.