Mechanical ventilation is a system used to remove contaminated indoor air and bring in fresh outdoor air to provide a healthy and safe working environment in residential, commercial, and industrial sectors. A mechanical ventilation system consists of two main components—a fresh air supply system and an exhaust system. The supply system comprises an air inlet, air filtering equipment, and air-conditioning system. Mechanical ventilation systems are designed to bring in outdoor air at a specific speed to match the type of work and the rate of contaminants released in a building or a workplace. Mechanical ventilation is preferred to control employee exposure to air contaminants. Other benefits of mechanical ventilation include maintenance of temperature and humidity at comfortable levels, and reduction of potential fire or explosion hazards. In a residential setup, the whole-house ventilation system uses fans to improve air quality by reducing the amount of air contaminants and controlling the humidity in the house.
The COVID-19 outbreak has significantly impacted global economies with the sweeping lockdowns that have forced people to remain at home. The pandemic has hampered construction and manufacturing activities in many regions as the availability of laborers and the supply of equipment are reduced drastically, which, in turn, is hampering the growth of the mechanical ventilation systems market. However, a few leading providers of the mechanical ventilation systems market such as Mitsubishi Electric Corporation, Airflow Developments Limited, and Infineon Technologies AG are significantly contributing to the market growth through the adoption of strategic collaborations, launches of new products, and funding to the technological advancements. Ventilation systems help reduce airborne contaminants, such as viruses, in a building or small space. The design of a building, occupancy, and type of HVAC systems can control the spread of potential airborne viruses and bacteria. Also, modifications in HVAC systems are anticipated to help reduce the spread of the novel coronavirus that causes COVID-19 by purifying and managing airflows. The Environmental Protection Agency recommends ventilation and air filtration as important components to eliminate the risk of transmission of harmful air pollutants. Such initiatives are anticipated to boost the growth of the mechanical ventilation system market in the post COVID-19 pandemic era.
Growth in smart cities and green building initiatives across the world is driving the mechanical ventilation system market. Stringent government regulations to reduce energy consumption and increased demands for sustainable building options has led to the construction of green buildings. Growing emphasis on indoor environmental quality (IEQ) in green buildings is increasing the installations of mechanical ventilation systems. There is a growing demand for the use of energy recovery ventilation, whole-house fans, and energy-saving exhaust fans among the green building builders to address ventilation, moisture control, and local exhaust, supply air filtration, radon protection, and contaminant control. Countries such as the US, Canada, South Korea, Sweden, Taiwan, Japan, Scotland, and Singapore are actively pursuing a smart city strategy. Ryerson University in Toronto, Canada, is studying the economic impact of mechanical ventilation in buildings, offsetting carbon emissions and making them carbon neutral.
The Government of India launched the National Smart Cities Mission in 2015 with an aim to make cities citizen-friendly and sustainable by harnessing smart technology. The Indian Green Building Council (IGBC) certified green buildings with smart ventilation systems, which result in energy savings of 40–50% compared with that of conventional buildings. The European Commission is funding the Smart Cities projects through the Horizon 2020 research and innovation program. Dublin’s smart city program enables regional authorities to engage with smart technology providers to improve city life. Similarly, Singapore is transforming toward a "Smart Nation" by leveraging energy-efficient technologies for improving lives and create economic opportunities. According to the US Green Building Council (USGBC), green buildings with supportive mechanical and energy ventilators can lead to a 10% increase in asset value. Such initiatives have increased the construction of more “green buildings” and have subsequently surged the demands for mechanical ventilation systems, which is significantly driving market growth.
By Application, the mechanical ventilation systems market is segmented into industrial, residential, and commercial. The industrial ventilation systems comprise two central components—fresh air supply system and exhaust system. The supply system consists of components such as air inlet, air filtering equipment, duct systems, fans, heating & cooling equipment, and air distribution registers. There are two types of ventilation system used for industrial application that includes dilution ventilation and local exhaust systems. The industrial environment comprises artificial heat and cold environments inside a facility. It also includes the workers and employees of the company inside the industrial facility. In such environment, employee safety becomes a major factor for all industrialists. Therefore, considering the concerns regarding the health and safety of employees and workers, ventilation systems are installed to retain a healthier environment inside an industrial facility. This is one of the major factors fueling the growth of the mechanical ventilation systems market for the industrial segment.
Players operating in the mechanical ventilation systems market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
The regional trends and factors influencing the Mechanical Ventilation Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Mechanical Ventilation Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 19.57 Billion |
| Market Size by 2028 | US$ 28.02 Billion |
| Global CAGR (2021 - 2028) | 5.27% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Mechanical Ventilation Systems Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Mechanical Ventilation Systems Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
Asia Pacific dominated the mechanical ventilation systems market in 2020 with a share of 35.6% and is expected to continue its dominance by 2028. North America is the second-largest contributor to the global mechanical ventilation systems market in 2020, followed by Europe.
The major companies in mechanical ventilation systems market are Volution Group Ltd.; Aremec; Mechanical Air Supplies Ltd; Duco Ventilation and Sun Control; Caladair International; Mitsubishi Electric Corporation; Airflow Developments Limited; Vortice; Blauberg; and Infineon Technologies AG.
The major applications of mechanical ventilation systems includes industrial, residential, and commercial. In terms of market share, the market was dominated by the commercial segment in 2020.
Based on type, the global mechanical ventilation systems market is segmented into exhaust ventilation, supply ventilation, balanced ventilation, and energy recovery ventilation. The mechanical ventilation systems market was dominated by the exhaust ventilation segment in 2020.
Growing innovations in energy recovery ventilation is anticipated to provide lucrative growth opportunities for the global mechanical ventilation system market. Prominent players are increasingly investing in the design and development of controlled ventilation that transfers heat from the warm exhaust air to the cold supply air to minimize energy and cost of heating ventilated air. A few energy recovery systems also use existing ductwork to manage the expenses. Efficient ducts can effectively reduce pressure drops in the system and improve overall performance. The incorporation of embedded devices in energy recovery systems prevent it from freezing and reduce frost formation that can damage heat exchangers. This further decreases the maintenance costs. Increased focus on indoor climate have increased demand for turn-key heating, ventilation, and air conditioning (HVAC) solutions and integrated cooling methodologies. This is enabling the market vendors to invest in technologies that helps to obtain good thermal comfort and indoor air quality in warm summer seasons.
Growth in smart cities and green building initiatives across the world is driving the mechanical ventilation system market. Stringent government regulations to reduce energy consumption and increased demands for sustainable building options has led to the construction of green buildings. Growing emphasis on indoor environmental quality (IEQ) in green buildings is increasing the installations of mechanical ventilation systems. There is a growing demand for the use of energy recovery ventilation, whole-house fans, and energy-saving exhaust fans among the green building builders to address ventilation, moisture control, and local exhaust, supply air filtration, radon protection, and contaminant control. Countries such as the US, Canada, South Korea, Sweden, Taiwan, Japan, Scotland, and Singapore are actively pursuing a smart city strategy. Ryerson University in Toronto, Canada, is studying the economic impact of mechanical ventilation in buildings, offsetting carbon emissions and making them carbon neutral.