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North America Mechanical Ventilation Systems Market

2021

North America Mechanical Ventilation Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Exhaust Ventilation, Supply Ventilation, Balanced Ventilation, and Energy Recovery Ventilation) and Application (Industrial, Residential, and Commercial)

Publication Month: Nov 2021 | Report Code: TIPRE00025847 | No. of Pages: 85 | Category: Electronics and Semiconductor | Status: Published

Market Insights

North America Mechanical Ventilation Systems Market to Grow at a CAGR of 4.8% to reach US$ 7,239.52 million Million from 2021 to 2028

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The mechanical ventilation systems market in North America is expected to grow from US$ 5216.29 million in 2021 to US$ 7239.52 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.


Growth in smart cities and green building initiatives 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 and Canada 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. 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.

The increasing number of infected individuals has led governments of North American countries to shut down nation’s borders during Q2 of 2021. Manufacturing facilities are either temporarily shut or are operating with limited staff strength; moreover, the supply chains of components and parts are disrupted. The United States is the largest markets for mechanical ventilation system, especially due to its technologically advanced aerospace & defense and manufacturing sectors. However, the outbreak has severely affected the production and revenue generation due to lowered production volumes. Thus, the COVID-19 pandemic continues to have a negative impact on the growth of the mechanical ventilation system market in North America.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America mechanical ventilation systems market. The North America mechanical ventilation systems market is expected to grow at a good CAGR during the forecast period.
North America mechanical ventilation systems market

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North America Mechanical Ventilation Systems Market Segmentation

North America Mechanical Ventilation Systems Market – By Type

  • Exhaust Ventilation
  • Supply Ventilation
  • Balanced Ventilation
  • Energy Recovery Ventilation

North America Mechanical Ventilation Systems Market – By Application

  • Industrial
  • Residential
  • Commercial

North America Mechanical Ventilation Systems Market – By Country

  • US
  • Canada
  • Mexico

North America Mechanical Ventilation Systems Market – Companies Mentioned

  • Vortice
  • BLAUBERG
  • Infineon Technologies AG
  • AERMEC
  • Mitsubishi Electric Corporation

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Mechanical Ventilation Systems – Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. North America Mechanical Ventilation Systems Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rise in the Development of Smart Cities

5.1.2 Growing Need for Energy-Efficient Ventilation Systems in Residential and Commercial Sectors

5.2 Market Restraints

5.2.1 Heavy Initial Upfront Cost

5.3 Market Opportunities

5.3.1 Increased Innovations in Cost-Effective Energy Recovery Ventilators (ERV)

5.4 Future Trends

5.4.1 Scaling Inclination Towards Hybrid or Mixed Mode Ventilation

5.5 Impact Analysis of Drivers and Restraints

6. North America Mechanical Ventilation Systems – Market Analysis

6.1 North America Mechanical Ventilation Systems Market Overview

6.2 North America Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)

7. North America Mechanical Ventilation Systems Market Analysis – By Type

7.1 Overview

7.2 North America: Mechanical Ventilation Systems Market – by Type

7.3 Exhaust Ventilation

7.3.1 Overview

7.3.2 Exhaust Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

7.4 Supply Ventilation

7.4.1 Overview

7.4.2 Supply Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

7.5 Balanced Ventilation

7.5.1 Overview

7.5.2 Balanced Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

7.6 Energy Recovery Ventilation

7.6.1 Overview

7.6.2 Energy Recovery Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

8. North America Mechanical Ventilation Systems Market Analysis – By Application

8.1 Overview

8.2 North America: Mechanical Ventilation Systems Market – By Application

8.3 Industrial

8.3.1 Overview

8.3.2 Industrial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

8.4 Residential

8.4.1 Overview

8.4.2 Residential: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

8.5 Commercial

8.5.1 Overview

8.5.2 Commercial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

9. North America Mechanical Ventilation Systems Market – Country Analysis

9.1 Overview

9.1.1 North America: Mechanical Ventilation Systems Market- by Key Country

9.1.1.1 US: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 US: Mechanical Ventilation Systems Market- by Type

9.1.1.1.2 US: Mechanical Ventilation Systems Market- By Application

9.1.1.2 Canada: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Canada: Mechanical Ventilation Systems Market- by Type

9.1.1.2.2 Canada: Mechanical Ventilation Systems Market- By Application

9.1.1.3 Mexico: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Mexico: Mechanical Ventilation Systems Market- by Type

9.1.1.3.2 Mexico: Mechanical Ventilation Systems Market- By Application

10. Impact of COVID-19 Pandemic on North America Mechanical Ventilation Systems Market

10.1 Overview

11. North America Mechanical Ventilation System Market – Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

12. Company Profiles

12.1 Mitsubishi Electric Corporation

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Vortice

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 BLAUBERG

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Infineon Technologies AG (Ventilation System Technology Provider)

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 AERMEC

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. North America Mechanical Ventilation Systems Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. US: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 3. US: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 4. Canada: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 5. Canada: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 6. Mexico: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)

Table 7. Mexico: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 8. List of Abbreviation

LIST OF FIGURES

Figure 1. Mechanical Ventilation Systems Market Segmentation

Figure 2. North America Mechanical Ventilation Systems Market Segmentation – By Country

Figure 3. North America Mechanical Ventilation Systems Market Overview

Figure 4. Exhaust Mechanical Ventilation Systems Segment Held the Largest Market Share in 2020

Figure 5. Commercial Segment Held the Largest Market Share in 2020

Figure 6. The US was the Largest Revenue Contributor in 2020

Figure 7. PEST Analysis – North America

Figure 8. Mechanical Ventilation Systems Market– Ecosystem Analysis

Figure 9. Expert Opinions

Figure 10. North America Mechanical Ventilation System Market: Impact Analysis of Drivers and Restraints

Figure 11. North America Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. North America: Mechanical Ventilation Systems Market Revenue Share, by Type (2020 and 2028)

Figure 13. Exhaust Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. Supply Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. Balanced Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. Energy Recovery Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. North America: Mechanical Ventilation Systems Market Revenue Share, By Application (2020 and 2028)

Figure 18. Industrial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. Residential: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. Commercial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. Geographic Overview: North America Mechanical Ventilation Systems Market

Figure 22. North America: Mechanical Ventilation Systems Market Revenue Share, by Key Country (2020 and 2028)

Figure 23. US: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Canada: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Mexico: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Impact of COVID-19 Pandemic in North America Country Markets

  1. Vortice                                                                  
  2. BLAUBERG                                                            
  3. Infineon Technologies AG                                 
  4. AERMEC                                                                
  5. Mitsubishi Electric Corporation                       
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America mechanical ventilation systems market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America mechanical ventilation systems market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the mechanical ventilation systems market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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