Industrial Ventilation Equipment Market Size and Analysis 2023

The "Global Industrial Ventilation Equipment Market 2023" research describes the competitive market environment based on production volume, profits, and sales. The report covers even the supply chain analysis of the top Key players.

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The global augmented reality market revenue was valued at US$ 9 billion in 2021 and is projected to reach US$ 18.2 billion by 2031. The market will register a CAGR (Compound Annual Growth Rate) of CAGR of 7.3% from 2022 to 2031.

Industrial ventilation is a mechanical system that brings fresh outdoor air into the workplace (factory or manufacturing plant) and removes contaminated indoor air. Ventilation is used in a factory to provide a healthy and safe working environment for employees and to remove or have control over contaminants released in an indoor work environment. An industrial ventilation system consists of two subsystems: the fresh air supply and an exhaust system. The fresh air supply system includes an air inlet, air filtering equipment, heating and/or cooling equipment, fans, ductwork, and air distribution registers. The exhaust system has an air intake area and ducts to remove contaminated air from one area to another area, an air cleaning device, discharge stacks, and fans.

Factors Affecting Market GrowthThe increase in industrial construction has led to a surge in demand for industrial ventilation equipment.A 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 driving the market growth.The introduction of advanced ventilation equipment for the improvement of air quality provides lucrative growth to the market.The surge in the construction of green buildings and strengthened government regulation regarding carbon emissions drive the industrial ventilation equipment market growth.

COVID-19 Pandemic Affecting Market GrowthThe COVID-19 outbreak has affected the growth of the industrial ventilation equipment market since lockdown measures delayed manufacturing and production in many countries. Industrial ventilation equipment is utilized in various industries such as automotive, oil & gas, chemical, and many more which will give a boost to the market.

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Regional AnalysisAsia-Pacific region dominated the industrial ventilation market in 2021, deeming the highest share, and is anticipated to maintain this wave throughout the forecast period. This is allocated to the increase in population, urbanization, and industries in several countries like India, China, and Japan. Therefore, all such factors are likely to drive the industrial ventilation equipment market growth in the Asia-Pacific region.

Leading CompetitorsPolypipe VentilationHitachiNanfang VentilatorCincinnati Fan and Ventilator Company Inc.HowdenZhejiang ShangfengYilidaZhejiang Yilida Ventilator Co., Ltd.Nortek Air SolutionsGreenheckEbm-PapstSystemairTwin City FanFlaktGroupSoler & PalauJohnson ControlsLoren CookOthersSegmentation AnalysisThe industrial ventilation equipment segmentation focuses on, Ventilation Type, System Type, End User Industry, and By Region.Segmentation Based on Ventilation TypeLocal Exhaust VentilationDilution VentilationSegmentation Based on System TypeExhaust systemAir supply systemProduct Typeo Axial Fanso Centrifugal Fanso Others

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Segmentation Based on End User IndustryManufacturingOil and GasChemicalBuilding ProductsOthersSegmentation Based by RegionNorth AmericaU.S.CanadaMexicoEuropeWestern EuropeThe UKGermanyFranceItalySpainRest of Western EuropeEastern EuropePolandRussiaRest of Europe

Asia-PacificChinaIndiaJapan, South KoreaASEANRest of Asia-Pacific

Middle East & Africa (MEA)BrazilUAESaudi ArabiaSouth AfricaRest of MEA

South AmericaBrazilArgentinaRest of South America

Industrial Ventilation Equipment Market Research Report Scenario includes:

>The report provides qualitative and quantitative trends of global Industrial Ventilation Equipment Market across type, type of products, service, and geography.

>The report starts with the key takeaways, highlighting the key trends and outlook of the global Industrial Ventilation Equipment Market.

>Provides the research methodology of the study.

>Further provides PEST analysis for each region.

>Highlights the key industry dynamics in the Industrial Ventilation Equipment Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.

>Discusses the global Industrial Ventilation Equipment Market scenario, in terms of historical market revenues, and forecast till the year 2031.

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