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
The global industrial ventilation equipment market size was valued at $8,949.0 million in 2021, and is projected to reach $18,188.2 million by 2031, registering a CAGR of 7.3% from 2022 to 2031.
Industrial ventilation equipment controls the level of contaminants such as toxic materials, dust, gases, temperature, odor and humidity. Dilution ventilation system is adopted in industries where internal heat, gases and odor are generated and needs to be exhausted or diluted. It improves and maintain indoor air quality and enhance the production and manufacturing environment in industries such as chemical, oil & gas, manufacturing and building products.
The market is growing due to rising air pollution level in industries such as chemical, manufacturing and oil & gas which results in growing cases of breathing problems and various other disorders. Moreover, strict government rules and regulations regarding labor health and safety in industrial workplaces have created demand for industrial ventilation equipment. Moreover, increasing infrastructure and industrial development in emerging countries such as Germany, Africa, U.S. and India are accelerating the growth of industrial ventilation equipment market.
In addition, various market key players have introduced advanced industrial ventilation equipment for improvement of indoor air quality and labor safety. For instance, in June 2021, Ebm-Past introduced new EC centrifugal fans with more power and efficiency. The EC motors integrated into the fans in the power range from 500 W to 8 kW achieve efficiency levels. Such factors are accelerating the industrial ventilation equipment market growth.
The industrial ventilation equipment market is segmented on the basis of ventilation type, system, end user industry, and region. 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.
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 segmentation 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.
Key Market Segments
By Ventilation Type
Local Exhaust Ventilation
By System Type
Air supply system
By End User Industry
Oil and Gas
Rest Of Europe
Rest Of Asia-Pacific
Rest Of LAMEA
Key Market Players
Twin City Fan
Soler & Palau
zhejiang yilida ventilator co., ltd.
Nortek Air Solutions
cincinnati fan & ventilator co., inc.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook