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Ventilation Market Trends

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

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Ventilation Market Trends

Smart ventilation systems are examples of technological advances that are becoming more and more popular. These systems modify airflow based on occupancy and air quality sensors. Building owners who want to minimize operating expenses and improve comfort levels will find these systems intriguing because they not only improve energy efficiency but also provide real-time monitoring and control capabilities.

As an illustration, Honeywell provides indoor air quality (IAQ) sensors, which help meet the BMS's requirement for detecting these contaminants and putting the best ventilation plans in place. IAQ sensors will contribute to bettering the building's air quality and making the living quarters healthier for everyone. These sensors can detect particulates that are PM1.0, PM2.5, PM4.0, or PM10.

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.