The mechanical ventilation systems market is expected to grow from US$ 19,566.67 million in 2021 to US$ 28,022.63 million by 2028; it is estimated to grow at a CAGR of 5.27% from 2021 to 2028.
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.
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Mechanical Ventilation Systems Market: Strategic Insights
Market Size Value in US$ 19,566.67 Million in 2021 Market Size Value by US$ 28,022.63 Million by 2028 Growth rate CAGR of 5.27% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Mechanical Ventilation Systems Market: Strategic Insights
| Market Size Value in | US$ 19,566.67 Million in 2021 |
| Market Size Value by | US$ 28,022.63 Million by 2028 |
| Growth rate | CAGR of 5.27% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Mechanical Ventilation Systems Market
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.
Lucrative Regions for Mechanical Ventilation Systems Providers
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Mechanical Ventilation Systems Market Insights
Mechanical Ventilation Systems Market Insights
Surge in Development of Smart Cities across Globe
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.
Application-Based Market Insights
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.
Mechanical Ventilation Systems Market, by Application – 2020 and 2028 (%)
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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:
- In July 2021, DUCO has been identified with innovative and high-quality solutions provider that ensure a healthy indoor atmosphere for the end consumer. This is accomplished through the company's extensive line of window ventilators and boxes, lamella grilles, and fabric solar shading. The company is collaborating with a manufacturer of HVAC building products, Daikin Europe, for international expansion.
- In September 2021, Energy Recovery Industries, a major manufacturer and provider of low-carbon, energy-efficient heat exchanger cells, was acquired by Volution Group Plc. On a debt-free cash-free basis, the initial consideration for the acquisition was US$ 27.2 million, with a contingent cash payment of up to US$ 14.4 million based on achieving expectations for the financial results for the year ending December 31, 2023.
The global mechanical ventilation systems market has been segmented as follows:
Mechanical Ventilation Systems Market – by Type
- Exhaust Ventilation
- Supply Ventilation
- Balanced Ventilation
- Energy Recovery Ventilation
Mechanical Ventilation Systems Market – by Application
- Industrial
- Residential
- Commercial
Mechanical Ventilation Systems Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Volution Group plc
- DUCO Ventilation & Sun Control
- Caladair International
- Mitsubishi Electric Corporation
- Airflow Developments Limited
- Vortice
- BLAUBERG
- INFINEON TECHNOLOGIES AG
- AERMEC(UK)
- MECHANICAL AIR SUPPLIES LTD
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
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.
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.
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.
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. Mechanical Ventilation Systems Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Mechanical Ventilation Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge In The Development Of Smart Cities Across The Globe
5.1.2 Increasing Need For Energy-Efficient Ventilation Systems In Residential And Commercial Sectors
5.2 Market Restraints
5.2.1 High Initial Upfront Cost
5.3 Market Opportunities
5.3.1 Innovations In Cost-Effective Energy Recovery Ventilators (ERV)
5.4 Future Trends
5.4.1 Growing Inclination Towards Hybrid Or Mixed Mode Ventilation
5.5 Impact Analysis of Drivers and Restraints
6. Mechanical Ventilation Systems Market – Global Analysis
6.1 Mechanical Ventilation Systems Market Global Overview
6.2 Mechanical Ventilation Systems Market – Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Mechanical Ventilation Systems Market Analysis – By Type
7.1 Overview
7.2 Mechanical Ventilation Systems Market Breakdown, By Type (2020 and 2028)
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. Mechanical Ventilation Systems Market Analysis – By Application
8.1 Overview
8.2 Mechanical Ventilation Systems Market Breakdown, By Application (2020 and 2028)
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. Mechanical Ventilation Systems Market – Geographic Analysis
9.1 Overview
9.2 North America: Mechanical Ventilation Systems Market
9.2.1 North America: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Mechanical Ventilation Systems Market- by Type
9.2.3 North America: Mechanical Ventilation Systems Market- By Application
9.2.4 North America: Mechanical Ventilation Systems Market- by Key Country
9.2.4.1 US: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Mechanical Ventilation Systems Market- by Type
9.2.4.1.2 US: Mechanical Ventilation Systems Market- By Application
9.2.4.2 Canada: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Mechanical Ventilation Systems Market- by Type
9.2.4.2.2 Canada: Mechanical Ventilation Systems Market- By Application
9.2.4.3 Mexico: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Mechanical Ventilation Systems Market- by Type
9.2.4.3.2 Mexico: Mechanical Ventilation Systems Market- By Application
9.3 Europe: Mechanical Ventilation Systems Market
9.3.1 Europe: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Mechanical Ventilation Systems Market- by Type
9.3.3 Europe: Mechanical Ventilation Systems Market- By Application
9.3.4 Europe: Mechanical Ventilation Systems Market- by Key Country
9.3.4.1 France: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 France: Mechanical Ventilation Systems Market- by Type
9.3.4.1.2 France: Mechanical Ventilation Systems Market- By Application
9.3.4.2 Germany: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 Germany: Mechanical Ventilation Systems Market- by Type
9.3.4.2.2 Germany: Mechanical Ventilation Systems Market- By Application
9.3.4.3 Italy: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Mechanical Ventilation Systems Market- by Type
9.3.4.3.2 Italy: Mechanical Ventilation Systems Market- By Application
9.3.4.4 UK: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Mechanical Ventilation Systems Market- by Type
9.3.4.4.2 UK: Mechanical Ventilation Systems Market- By Application
9.3.4.5 Russia: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Mechanical Ventilation Systems Market- by Type
9.3.4.5.2 Russia: Mechanical Ventilation Systems Market- By Application
9.3.4.6 Rest of Europe: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Mechanical Ventilation Systems Market- by Type
9.3.4.6.2 Rest of Europe: Mechanical Ventilation Systems Market- By Application
9.4 APAC: Mechanical Ventilation Systems Market
9.4.1 APAC: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Mechanical Ventilation Systems Market- by Type
9.4.3 APAC: Mechanical Ventilation Systems Market- By Application
9.4.4 APAC: Mechanical Ventilation Systems Market- by Key Country
9.4.4.1 Australia: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Mechanical Ventilation Systems Market- by Type
9.4.4.1.2 Australia: Mechanical Ventilation Systems Market- By Application
9.4.4.2 China: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Mechanical Ventilation Systems Market- by Type
9.4.4.2.2 China: Mechanical Ventilation Systems Market- By Application
9.4.4.3 India: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Mechanical Ventilation Systems Market- by Type
9.4.4.3.2 India: Mechanical Ventilation Systems Market- By Application
9.4.4.4 Japan: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Mechanical Ventilation Systems Market- by Type
9.4.4.4.2 Japan: Mechanical Ventilation Systems Market- By Application
9.4.4.5 South Korea: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Mechanical Ventilation Systems Market- by Type
9.4.4.5.2 South Korea: Mechanical Ventilation Systems Market- By Application
9.4.4.6 Rest of APAC: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Mechanical Ventilation Systems Market- by Type
9.4.4.6.2 Rest of APAC: Mechanical Ventilation Systems Market- By Application
9.5 MEA: Mechanical Ventilation Systems Market
9.5.1 MEA: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Mechanical Ventilation Systems Market- by Type
9.5.3 MEA: Mechanical Ventilation Systems Market- By Application
9.5.4 MEA: Mechanical Ventilation Systems Market- by Key Country
9.5.4.1 South Africa: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Mechanical Ventilation Systems Market- by Type
9.5.4.1.2 South Africa: Mechanical Ventilation Systems Market- By Application
9.5.4.2 UAE: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 UAE: Mechanical Ventilation Systems Market- by Type
9.5.4.2.2 UAE: Mechanical Ventilation Systems Market- By Application
9.5.4.3 Saudi Arabia: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 Saudi Arabia: Mechanical Ventilation Systems Market- by Type
9.5.4.3.2 Saudi Arabia: Mechanical Ventilation Systems Market- By Application
9.5.4.4 Rest of MEA: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Mechanical Ventilation Systems Market- by Type
9.5.4.4.2 Rest of MEA: Mechanical Ventilation Systems Market- By Application
9.6 SAM: Mechanical Ventilation Systems Market
9.6.1 SAM: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Mechanical Ventilation Systems Market- by Type
9.6.3 SAM: Mechanical Ventilation Systems Market- By Application
9.6.4 SAM: Mechanical Ventilation Systems Market- by Key Country
9.6.4.1 Brazil: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Mechanical Ventilation Systems Market- by Type
9.6.4.1.2 Brazil: Mechanical Ventilation Systems Market- By Application
9.6.4.2 Argentina: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Mechanical Ventilation Systems Market- by Type
9.6.4.2.2 Argentina: Mechanical Ventilation Systems Market- By Application
9.6.4.3 Rest of SAM: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: Mechanical Ventilation Systems Market- by Type
9.6.4.3.2 Rest of SAM: Mechanical Ventilation Systems Market- By Application
10. Impact of COVID-19 Pandemic on Global Mechanical Ventilation Systems Market
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 South America
11. Global Mechanical Ventilation System Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Volution Group plc
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 DUCO Ventilation & Sun Control
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 Caladair International
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 Mitsubishi Electric Corporation
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 Airflow Developments Limited
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
12.6 Vortice
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 BLAUBERG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 INFINEON TECHNOLOGIES AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 AERMEC(UK)
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 MECHANICAL AIR SUPPLIES LTD
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Mechanical Ventilation Systems Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. North America: Mechanical Ventilation Systems Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Mechanical Ventilation Systems Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe: Mechanical Ventilation Systems Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Mechanical Ventilation Systems Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. France: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. France: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 24. APAC: Mechanical Ventilation Systems Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. APAC: Mechanical Ventilation Systems Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 28. China: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 29. China: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 30. India: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 31. India: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of APAC: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of APAC: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 38. MEA: Mechanical Ventilation Systems Market- by Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. MEA: Mechanical Ventilation Systems Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. South Africa: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 42. UAE: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 43. UAE: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 44. Saudi Arabia: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 45. Saudi Arabia: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of MEA: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of MEA: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 48. SAM: Mechanical Ventilation Systems Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. SAM: Mechanical Ventilation Systems Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of SAM: Mechanical Ventilation Systems Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of SAM: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 56. List of Abbreviation
LIST OF FIGURES
Figure 1. Mechanical Ventilation Systems Market Segmentation
Figure 2. Mechanical Ventilation Systems Market Segmentation – By Geography
Figure 3. Global 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. Asia Pacific was the Largest Revenue Contributor in 2020
Figure 7. PEST Analysis – North America
Figure 8. PEST Analysis – Europe
Figure 9. PEST Analysis – Asia Pacific
Figure 10. PEST Analysis – MEA
Figure 11. PEST Analysis – South America
Figure 12. Mechanical Ventilation Systems Market– Ecosystem Analysis
Figure 13. Expert Opinions
Figure 14. Mechanical Ventilation System Market: Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview: Mechanical Ventilation Systems Market
Figure 16. Global Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Mechanical Ventilation Systems Market Breakdown, By Type (2020 and 2028)
Figure 18. Exhaust Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Supply Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Balanced Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Energy Recovery Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Mechanical Ventilation Systems Market Breakdown, By Application (2020 and 2028)
Figure 23. Industrial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Residential: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Commercial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mechanical Ventilation Systems Market Revenue Share, By Region (2020 and 2028)
Figure 27. North America: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: Mechanical Ventilation Systems Market Revenue Share, by Type (2020 and 2028)
Figure 29. North America: Mechanical Ventilation Systems Market Revenue Share, By Application (2020 and 2028)
Figure 30. North America: Mechanical Ventilation Systems Market Revenue Share, by Key Country (2020 and 2028)
Figure 31. US: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Mechanical Ventilation Systems Market Revenue Share, By Type (2020 and 2028)
Figure 36. Europe: Mechanical Ventilation Systems Market Revenue Share, By Application (2020 and 2028)
Figure 37. Europe: Mechanical Ventilation Systems Market Revenue Share, By Key Country (2020 and 2028)
Figure 38. France: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Germany: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Italy: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. UK: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Russia: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. APAC: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. APAC: Mechanical Ventilation Systems Market Revenue Share, By Type (2020 and 2028)
Figure 46. APAC: Mechanical Ventilation Systems Market Revenue Share, By Application (2020 and 2028)
Figure 47. APAC: Mechanical Ventilation Systems Market Revenue Share, By Key Country (2020 and 2028)
Figure 48. Australia: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. China: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. India: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Japan: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. South Korea: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of APAC: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. MEA: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. MEA: Mechanical Ventilation Systems Market Revenue Share, By Type (2020 and 2028)
Figure 56. MEA: Mechanical Ventilation Systems Market Revenue Share, By Application (2020 and 2028)
Figure 57. MEA: Mechanical Ventilation Systems Market Revenue Share, By Key Country (2020 and 2028)
Figure 58. South Africa: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. UAE: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Saudi Arabia: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of MEA: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. SAM: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. SAM: Mechanical Ventilation Systems Market Revenue Share, By Type (2020 and 2028)
Figure 64. SAM: Mechanical Ventilation Systems Market Revenue Share, By Application (2020 and 2028)
Figure 65. SAM: Mechanical Ventilation Systems Market Revenue Share, By Key Country (2020 and 2028)
Figure 66. Brazil: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Argentina: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Rest of SAM: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Impact of COVID-19 Pandemic in North America Country Markets
Figure 70. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 71. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 72. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 73. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Mechanical Ventilation Systems Market
- Volution Group Ltd.
- Aremec
- Mechanical Air Supplies Ltd
- Duco Ventilation and Sun Control
- Caladair International
- Mitsubishi Electric Corporation
- Airflow Developments Limited
- Vortice
- Blauberg
- Infineon Technologies AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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