News-Global Residential Ventilation Systems Market Overview 2021
The Global Residential Ventilation Systems Market Size was estimated at USD 6218.65 million in 2020 and is projected to reach USD 8907.88 million by 2027, exhibiting a CAGR of 5.25% during the forecast period– Bossonresearch.com
Heating and cooling account for between 40-60% of energy used in U.S. residential buildings. This represents a large opportunity to save energy throughout U.S. buildings. One of the leading cause of energy waste from heating and cooling in both commercial and residential buildings is inadequate insulation.
The air within homes can become stale from moisture, odors, and pollutants that penetrate the building or are generated internally by human activity and off-gassing from building materials and furnishings. A steady supply of fresh outdoor air can increase indoor air quality and improve occupant comfort. Historically, residential buildings have not had specific requirements for ventilation because natural air leakage and natural ventilation was considered adequate. As envelope construction practices have improved and the envelopes of residential buildings become tighter, the need to ensure air quality through practices like mechanical ventilation has risen.A Residential Ventilation Systems circulate fresh air into the home to replace stale and/or moist air.
The global market for Residential Ventilation Systemss is projected to grow steadily between 2019 and 2027. In 2020, the size of the market was estimated at almost 6.21 billion U.S. dollars, In 2027, the market size is forecast to surpass 8.91 billion U.S. dollars.
Figure Global Residential Ventilation Systems Market Size
Source: Bossonresearch.com, 2021
Ventilation systems improve indoor air quality (IAQ), which helps in enhancing the indoor environment by exchanging both outdoor and indoor air. Ventilation for indoor air quality is beneficial for the control of thermal comfort with Recent advances in fan technology, evaporative cooling, and controlling are turning out to be significant over the traditional system. The technological advancement streamlined with ventilators is improving usability, efficiency, at effectiveness of the overall system of recovery ventilator, air filters, and others with programmable controls and technology advancements to reinforce streamlined operations. Thus, it is set to boost operational efficiencies. In October 2020, Komfovent technologically upgraded its'domekt R 450V, a 2nd-generation ventilation unit with the focus on rotor speed aerodynamic shape sensors, energy class,c ontroller, and other aspects. Thus, the technological advancement in ventilation units is providing market growth opportunities across the global.
Key players in the Residential Ventilation Systemsics Market include:
Panasonic
Carrier
Johnson Controls
Daikin Industries
Trane
Honeywell
Lennox International Inc.
Nortek
Mitsubishi Electric
FUJITSU
Zehnder
FläktGroup Holding GmbH (GEA)
Systemair
Aldes
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