Global Residential Balanced Ventilators Market 2018-2022
About Residential Balanced Ventilators
A residential balanced ventilator is used in households. A balanced ventilator or ventilation system comprises two fans, an inlet fan and an outlet fan. The inlet fan lets in external air, while the outlet fan lets out stale interior air, resulting in roughly balanced airflows. These systems do not cause pressure variations in the internal environment. Most balanced ventilation systems work on the principle of exchange of heat and moisture. HRVs exchange heat between airstreams, while ERVs exchange both heat and moisture.
Technavio’s analysts forecast the global residential balanced ventilators market to grow at a CAGR of 6.72 % during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global residential balanced ventilators market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of residential balanced ventilators.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Residential Balanced Ventilators Market 2018-2022
Technavio recognizes the following companies as the key players in the global residential balanced ventilators market: eBlauberg Group, Broan, Honeywell International, Panasonic Corporation, Soler & Palau Ventilation Group, and Systemair.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rise in consumer awareness in developing markets. There has been a rise in the degree of awareness on the benefits of residential balanced ventilators in the developing markets of APAC, Latin America, and Eastern Europe. Effective marketing strategies and growing internet penetration have contributed to improved product knowledge in the aforementioned geographies. The energy-saving property of balanced ventilators and the numerous benefits associated with their usage contribute to increasing product demand in developing economies.”
According to the report, one of the major drivers for this market is Technological innovations and product-line extensions enabling product premiumization. The existing players in the global residential ventilators market have come up with innovative residential balanced ventilators. Of late, residential balanced ventilators are characterized by innovative designs, high build quality, unique features, energy efficiency, improved air-to-air exchange, and others. A few of the offerings in the market are characterized by customized temperature settings as well. Consumers in the market are willing to invest heavily in products that offer maximal satisfaction.
Further, the report states that one of the major factors hindering the growth of this market is Price sensitivity of consumers in APAC and Latin America. One of the prominent operational challenges faced by the global residential balanced ventilators market is high product cost. On an average, residential balanced ventilators are priced around $900- $1000. Labor costs and the cost of duct pipes are the additional expenses incurred by the customer. The total cost of installing balanced ventilators is, thus, high. APAC and Latin America are characterized by a large proportion of consumers with low per-capita and disposable income levels. The high costs associated with balanced ventilators impede product demand, especially in the aforementioned regions. This, in turn, affects the sustainability and volume sales of the product.
eBlauberg Group, Broan, Honeywell International, Panasonic Corporation, Soler & Palau Ventilation Group, and Systemair.
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