Ventilation Equipment Market Definition
Ventilation equipment is used in buildings to maintain the temperature and to improve the quality of indoor air. These equipment are utilized in both the exchange of air – inside to outside and circulation within the building. Different type of equipment available in the ventilation equipment market includes heat recovery ventilation units, room air distribution units, and fume hoods. The general purpose of ventilation in buildings is to provide healthy air for breathing by both diluting the pollutants originating in the building and removing the pollutants from it.
The market study is broken down by Type (Exhaust Ventilation, Supply Ventilation, Balanced Ventilation and Energy Recovery), by Application (Residential, Commercial and Industrial) and major geographies with country level splits. According to AMA, the Global Ventilation Equipment market is expected to see growth rate of 5.0%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Ventilation Equipment market throughout the predicted period.
Centrotec Sustainable AG (Germany), Greenheck Fan Corp. (United States), CaptiveAire Systems Inc. (United States), Twin City Fan Companies Ltd. (United States), Munters AB (India), Nortek Incorporated (United States), Flkt Woods Group (Germany), Soler & Palau Group. (Spain), BerlinerLuft. Technik GmbH (Germany) and Delta Neu S.A.S (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Elica S.p.A. (Italy), Elta Group (United Kingdom), Swegon AB (Sweden) and Systemair AB (Sweden).
AdvanceMarketAnalytics has segmented the market of Global Ventilation Equipment market by Type, Application and Region.
On the basis of geography, the market of Ventilation Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. Window or Wall will boost the Ventilation Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On April 27, 2018, Vyaire Medical has acquired neonatal ventilation equipment developer Acutronic for an undisclosed amount and inked a deal to acquire mechanical ventilation dev IMTmedical. IMTmedical develops and manufactures ventilation equipment for acute care centers, long-term care facilities, home healthcare, and emergency service and transport uses.
The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) recommends intermittent or continuous ventilation rates for bathrooms and kitchens instead of using windows (natural ventilation): 50 or 20 cubic feet per minute for bathrooms, and 100 or 25 cubic feet per minute for kitchens, respectively.
- Filtration systems can be installed in mechanical ventilation so that harmful microorganisms, particulates, gases, odors, and vapors can be removed.
- Growing Demand from Residential and Industrial Sectors owing to Hygiene and Clear Air
- Rapid Increase in Air Pollution Levels
- Stringent Environmental and Government Regulations for the Safety and Health of Industrial Workforce
- Technological Innovation such as Hybrid (Mixed-Mode) Ventilation
- Rapid Growth of Pharmaceutical and Chemical Industries
- High Installation and Maintenance Cost
- Failure of the Mechanical Ventilation Equipment
- Loss of Negative Pressure Differential in Isolation Rooms Due To the Opening of Doors; Clogged Filters; and Adjacent, Negatively Pressurized Spaces
Key Target AudienceVentilation Equipment Manufacturers, Components and Parts Suppliers, Industrial and Commercial Sectors, End-User Industry and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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