Temperature of buildings needs to be regularly maintained for extending their life and improving the quality of inhabitation. Ventilation equipment are actively used as a utility to serve this purpose, and simultaneously enhance the quality of indoor air. In exchange as well as circulation of atmospheric air within a building, ventilation equipment are becoming an essential tool for all sorts of buildings, from industries to commercial settings. Fume hoods, room air distribution units, and heat recovery ventilation units are some of the key types of ventilation equipment available in the global market. While fume hoods are primarily used in kitchens and laboratories, room air distribution units are installed as an annexure to new air conditioning systems in large homes and offices.
An ongoing study by Future Market Insights projects that the global market for ventilation equipment will expand at a steady pace over the forecast period, 2015-2025. During this period, the market is assessed to be influenced by a slew factors affecting its growth in terms of revenues. As the construction industry expands aggressively on the cusp of rapid urbanization and industrialization, the global market for ventilation equipment is anticipated to witness a steadfast adoption across several regions in the world.
Segmental Analysis of the Global Ventilation Equipment Market
Regulations on energy efficiency of ventilation equipment are expected to be among the few factors influencing the sales in the global market through 2025. Environmental concerns associated with use of harmful chemicals and freezing agents in operations of ventilation equipment are also becoming a key issue restraining the overall expansion of the global ventilation equipment market. Considering the vast scope of ventilation equipment, the report is analysing the global market on the basis of its applications and product-types. While application-based analysis of the global ventilation equipment market can be split into residential and non-residential, the market has also been segmented on the basis of key types of products, namely, range hoods, power roof fans, domestic exhaust fans, cross flow fans, centrifugal fans, and axial fans, among others.
Global Ventilation Equipment Market: Manufacturing Insights
Soler & Palau Group, Fläkt Woods Group, Nortek Incorporated, Munters AB, Twin City Fan Companies Ltd., CaptiveAire Systems Inc., Greenheck Fan Corp., and Centrotec Sustainable AG are observed as key players in the global ventilation equipment market. These companies are expected to remain active in expansion of the market through 2025. Several players are anticipated to focus on lowering the overall environmental imprint of their offerings. Integration of effective power consumption technologies is also expected to revolutionize the manufacturing of ventilation equipment in the upcoming years. Although, lack of uniform power distribution networks, even in developed markets, is lowering the adoption of ventilation equipment, curtailing manufacturers to boost their production capacity. Fluctuations in power supply are also rendering the ventilation equipment ineffective, which is creating high replacement rate in the global ventilation equipment market. The report has also analysed the global ventilation equipment market on the basis of presence of such players across key regions.
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