ventilation equipment market

Global Market Study on Ventilation Equipment: Air Handling Unit Segment by Equipment
Type to Hold Maximum Value Share by 2025 End
Long-term respiratory disorders coupled with premature deaths associated with increasing air
pollution is a startling factor driving adoption of ventilation systems. Persistence Market Research
(PMR), in its report, delivers key insights about global ventilation equipment market. In 2017, the
global ventilation equipment market will reach US$ 24,917.5 Mn in revenues; by 2025 this number
is estimated to reach nearly US$ 40,000 Mn, expanding at 5.5% CAGR.
Increasing Incidences of Asthma and COPD Owing to Surged Air Pollution Levels to Drive Market
Growth
Air pollution levels have surged exponentially in the recent past, resulting into increased cases of
asthma and chronic obstructive pulmonary disorders (COPD). According to World Health
Organisation (WHO), over 3 Mn premature deaths are reported each year caused by respiratory
conditions. In addition, according to Nature Journal particle sizes PM 2.5 and PM 10 present in the
air are inhaled deep into lungs, leading to incidences of strokes and heart attacks. Ventilation
equipment renders removal of air pollutants and particles, improving ambient air quality in both
industrial and commercial workspaces. Moreover, stringent government and environmental
regulations have been implemented owing to growing concerns about health and safety of industrial
work force. These factors are estimated to propel market growth.
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Exaggerated Marketing by New Entrants to Mislead Customers in Purchasing Ventilation Products
However, exaggerated marketing by new entrants has resulted into confusion among customers.
Variety of options, sizes and prices offered by these players have been misleading customers in
purchasing ventilation products. This is expected to spread mistrust and impede adoption of
ventilation products, especially across developing economies, where absence of awareness about
such products already persists.
Based on equipment type, air filter are expected to remain sought-after among end-users, followed
by air purifiers. By 2025, demand for air filter in the market is projected to surpass 8,000,000 units,
expanding at 5.3% CAGR in terms of volume. In addition, sales of axial fans are projected to
exhibit second highest CAGR through 2025.
Industrial Application of Ventilation Equipment to Account for over 70% Market Share by 2025end
Industrial application of ventilation equipment are expected to account for over 70% share of the
market value, with revenues pegged to reach nearly US$ 30,000 Mn by 2025. Robust adoption of
ventilation equipment by manufacturing sector, catering to needs of commercial and residential
sectors, is expected to drive demand for ventilation equipment from industrial application. In
addition, non-industrial application of ventilation equipment is projected to witness highest CAGR
of 6.1%.
Asia Pacific (APAC) will remain the largest market for ventilation equipment. Market in this region
was evaluated at US$ 10,101.7 Mn in 2016; by 2025 it is estimated to reach US$ 20,000 Mn,
expanding at 7.3% CAGR. Availability of cost-effective land and labor, coupled with surging
construction rate and lifestyle of people is driving growth of the market in this region. In terms of
value, North America and Middle East & Africa (MEA) are expected to exhibit parallel expansion
at 4.5% CAGR through 2025. In addition, leading manufacturers are gaining a firm foothold in
Western Europe, which in turn is estimated to drive market growth in Europe by 2025-end.
Key players identified in PMR’s report include Daikin Industries, Ltd., Lennox International Inc.,
Takasago Thermal Engineering Co. Ltd., Systemair AB, Totech Corporation Inc., Greenheck Fan
Corporation, Air System Components Inc., Gree Electric Appliances Inc. of Zhuhai, Nuaire, CECO
Environmental Corp., Crompton Greaves Consumer Electricals Ltd., Kruger Ventilation Industries
Pte Ltd., Airflow Developments Limited, Maico Elektroapparate-Fabrik GmbH, Schaefer
Ventilation Equipment, LLC, Envirovent Ltd., Manrose Manufacturing Ltd., Stamm International
Corporation, Zibo Lihua Ventilation Equipment Co. Ltd., VES Andover Ltd.
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