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Industrial Ventilation Equipment Market

Industrial Ventilation Equipment Market

by Ventilation Type (Dilution Ventilation, Local Exhaust Ventilation), by System Type (Air supply system, Exhaust system), by End User Industry (Chemical, Building Products, Manufacturing, Oil and Gas, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A13616
Pages: 257
Aug 2022 | 2027 Views
Author(s) : Amar C , Onkar S
Tables: 185
Charts: 81
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Industrial Ventilation Equipment Market Research, 2031

The global industrial ventilation equipment market size was valued at $9 billion in 2021, and is projected to reach $18.2 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031.

Industrial ventilation equipment is mainly used to control indoor air quality by diluting and displacing indoor pollutants. Industrial ventilation consists of two parts that includes exhaust system and fresh air supply system. The air supply system includes air filtration equipment, air inlet, and cooling & heating equipment. The industrial ventilation equipment reduces the number of contaminants in air by mixing air with clean and fresh air.

The COVID 19 outbreak has affected the growth of the industrial ventilation equipment industry owing to the lockdown measure in the countries and delay in manufacturing and production of industrial ventilation equipment which are utilized in various industries such as automotive, oil & gas, chemical, and many more.

Industrial Ventilation Equipment Market, Industrial Ventilation Equipment Industry, Industrial Ventilation Equipment Market Size, Industrial Ventilation Equipment Market Share, Industrial Ventilation Equipment Market Growth, Industrial Ventilation Equipment Market Analysis, Industrial Ventilation Equipment Market Forecast, Industrial Ventilation Equipment Market Trends, Industrial Ventilation Equipment Market Outlook, Industrial Ventilation Equipment Market Overview

Increase in industrial construction has led to surge in demand for industrial ventilation equipment. Moreover, rise in concern regarding air quality such as low indoor air quality is projected to have a great impact on human and labor health. Such factors are likely to increase the demand for industrial ventilation equipment and drive the market growth. Moreover, introduction for advanced ventilation equipment for improvement of air quality provides lucrative growth opportunities in the market. In addition, surge in construction of green buildings and strengthened government regulation regarding carbon emission boost the industrial ventilation equipment market growth.

Increase in population in developing economies such as China, India, U.S., and others has resulted in rapid industrialization, which is expected to boost development of the oil & gas, chemical, manufacturing, and other industries, which, in turn, is expected to increase the demand for industrial ventilation equipment. Moreover, rise in manufacturing sectors in the U.S. and China is expected to drive industrial ventilation equipment market growth.

Industrial Ventilation Equipment Market
By Ventilation Type

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The dilution ventilation segment was the highest revenue contributor in 2021.

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On the basis of ventilation type, the dilution ventilation segment has registered highest revenue in 2021. Dilution ventilation can be used to reduce concentration of toxic and flammable fumes, particulates, and vapors. It helps to maintain sufficient oxygen level in end user industries such as oil & gas, manufacturing, and chemical industry.

Industrial Ventilation Equipment Market
By End User Industry

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The building products segment dominated the market in 2021.

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On the basis of end user industry, the building product segment has accounted for the highest industrial ventilation equipment market share in 2021. Building products such as bricks, cement, stone and sand require lot of manufacturing process, which involves usage of chemicals and grinded material, which easily get mixed in air and can affect the indoor air quality. Hence, industrial ventilation equipment removes dust fumes and brings in large amount of fresh air.

The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the industrial ventilation equipment market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 on the market. This has led to the reopening of industrial ventilation equipment companies at their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, industrial ventilation equipment manufacturers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

Industrial Ventilation Equipment Market
By Region

2031
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific garnered the largest market share in the global Industrial ventilation equipment market in 2021.

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Asia-Pacific dominated the market in 2021, accounting for the highest share, and is anticipated to maintain this trend throughout the industrial ventilation equipment market forecast period. This is attributed to increase in population, urbanization, and industries in countries such as India, China and Japan. Thus, all such factors are expected to drive the industrial ventilation equipment market growth in Asia-Pacific region.

The industrial ventilation equipment market is segmented into Ventilation Type, System Type and End User Industry. By ventilation type, the market is categorized into dilution ventilation and local exhaust ventilation. Depending on system, it is fragmented into air supply system and exhaust system. On the basis of end user, it is categorized into chemical, building products, manufacturing, oil & gas and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Competition Analysis

Key companies profiled in the Industrial ventilation equipment industry report include Air System Components, Inc, Cincinnati Fan, EBM-PAPST, Fläkt Group, Greenheck Fan Corporation, Hitachi, Ltd, Howden Group, Johnson Controls International Plc, Loren Cook Company, Munters, Nanfang Ventilator Co., Ltd, Nortek Air Solutions, Polypipe, S&P USA Ventilation Systems, LLC, Systemair AB, Twin City Fan Companies, Ltd, and Yilida Group.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial ventilation equipment market analysis from 2021 to 2031 to identify the prevailing industrial ventilation equipment market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the industrial ventilation equipment market overview assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global industrial ventilation equipment market trends, key players, market segments, application areas, and market growth strategies.
  • The report includes the analysis of the regional as well as global industrial ventilation equipment market outlook. 

Industrial Ventilation Equipment Market Report Highlights

Aspects Details
Ventilation Type
  • Dilution Ventilation
  • Local Exhaust Ventilation
System Type
  • Air supply system
    • Product Type
      • Axial Fans
      • Centrifugal Fans
      • Others
  • Exhaust system
End User Industry
  • Chemical
  • Building Products
  • Manufacturing
  • Oil and Gas
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Russia, Poland, Netherlands, Sweden, Rest Of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Thailand, Indonesia, Vietnam, Rest Of Asia-Pacific)
  • LAMEA  (Brazil, Argentina, Saudi Arabia, UAE, South Africa, Nigeria, Rest Of LAMEA)
Key Market Players Greenheck, Ebm-Papst, Systemair, Twin City Fan, FläktGroup, Soler & Palau, Johnson Controls, Loren Cook, Howden, Zhejiang Shangfeng, Yilida, zhejiang yilida ventilator co., ltd., Nortek Air Solutions, Polypipe Ventilation, Hitachi, Nanfang Ventilator, cincinnati fan & ventilator co., inc.
 

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The industrial ventilation equipment market has witnessed significant growth in past few years, owing to increase in industrialization and stringent government norms for improvement of air quality and labor health. Moreover, increase in investments from government and private sector in industrial construction such as chemical, manufacturing, oil & gas, and others fuel the market growth. Surge in industrial sector in developed countries such as China, U.S. and India are increasing the demand for industrial ventilation equipment and thus driving the market growth.

Moreover, various key players have implemented strategic moves such as product launch, acquisition, and business expansion to strengthen their market position. For instance, in September 2020, Greenheck expanded its manufacturing sector by opening new plant in Shelby NC, U.S. The Shelby louver plant includes an advanced high-performance paint line along with leading-edge manufacturing technologies optimized for quick and efficient louver production. As a result, such factors provide lucrative growth opportunities in the industrial ventilation equipment market.

 

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FREQUENTLY ASKED QUESTIONS?

A. The global industrial ventilation equipment market size was valued at $8,949.0 million in 2021.

A. Asia-Pacific is the largest regional market for Industrial Ventilation Equipment.

A. The building products segment is the leading end user industry of Industrial Ventilation Equipment Market.

A. The global industrial ventilation equipment market size is projected to reach $18,188.2 million by 2031.

A. Increased levels of air pollution in industrial workplaces and growth in Industrialization in developing countries are the upcoming trends of Industrial Ventilation Equipment Market in the world.

A. Routine maintenance is required to prevent unclean air flow is the Industrial Ventilation Equipment market effecting factors

A. The product launch is key growth strategy of Industrial Ventilation Equipment industry players.

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

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