Ventilation System Market to Reach USD 50.26 Billion by 2030; Carrier Launches HAP v6 to Gain Strong Industry Footing

The global ventilation system market size stood at USD 27.61 billion in 2022. The market value is slated to rise from USD 29.65 billion in 2023 to USD 50.26 billion by 2030 at a CAGR of 7.8% during 2023-2030. The rise is driven by the latest advancements in fan technology, evaporative cooling, and controlling. Besides, major manufacturers are deploying programmable controls with air filters and heat recovery ventilators to strengthen various operations.

Fortune Business Insights™ presents this information in its report titled “Ventilation System Market Size, Share & COVID-19 Impact Analysis, By Product (Data Center Cooling, Centralized Ventilation, Decentralized Ventilation, and Range Hood), By Application (Commercial, Residential, and Industrial), and Regional Forecast, 2023-2030”.

Temporary Halt on Industrial Activities Hindered Market Growth Amid COVID-19 Pandemic

The market was moderately affected during the first quarter of 2020. This was on account of the temporary halt on air conditioning and ventilation activities. However, the market is set to exhibit appreciable growth throughout the projected period. The rise is being driven by the fresh indoor air quality and reduced temperature.

Ventilation and air conditioning activities comprise fixing Air-Conditioned (AC) units, repairing of existing Energy Recovery Ventilators (ERVs), replacing air filters, and others.

Carrier Launched HAP v6 to Strengthen Industry Foothold

In November 2022, Carrier unveiled a new version of Hourly Analysis Program (HAP). The solution combines a streamlined workflow with a wide range of advanced 3D building features for reducing the effort and time required for the creation of high-quality building models.

Carrier formed part of Carrier Global Corporation, a major provider of safe, healthy, sustainable, and intelligent cold chain solutions.

Market Share to Rise Driven by Growing Demand for Decentralized Systems

One of the major factors boosting the market growth is the escalating popularity of decentralized systems. The systems are used for reducing the number of interconnections and ducts in office buildings and residential projects.

However, the market expansion may be hampered by the high cost of maintenance and operation associated with the installation of ventilation systems.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/ventilation-system-market-102834

Leading Industry Players Ink Collaborations to Propel Business Expansion

Key ventilation system companies are focusing on the adoption of various strategic steps for strengthening their position in the market. These comprise acquisitions, merger agreements, and the rollout of new products. Other initiatives include growing participation in trade fairs and rise in research activities.

Key Players Profiled:

• Midea Group Co., Ltd. (China)


• KOMFOVENT (Lithuania)


• CaptiveAire Systems (U.S.)


• Greenheck Fan Corporation (Japan)


• S&P UK Ventilation Systems Ltd. (U.K.)


• Twin City Fan & Blower (U.S.)


• Honeywell International Inc. (U.S.)


• CENTROTEC SE (Germany)


• Johnson Controls (Ireland)


• Mitsubishi Electric Corporation (Japan)


• Nortek Air Solutions, LLC (U.S.)

Notable Industry Development

• May 2021 – Carrier rolled out Revit configurator for the customization of air conditioning system drawings. The integration of Revit allows customers to save the time required for system configuration.

Further Report Findings

• The Asia Pacific ventilation system market share is slated to record commendable expansion throughout the study period. The rise can be attributed to the increasing adoption of air handling units across commercial, industrial, and residential spaces.


• The North America market is expected to register a considerable surge over the forecast period. The upsurge is due to the growing demand for residential indoor air quality systems.


• Based on product, the market is categorized into decentralized ventilation, centralized ventilation, range hood, and data center cooling. The centralized ventilation segment is expected to expand at a notable pace over the analysis period.


• On the basis of application, the market is segmented into residential, commercial, and industrial. The commercial segment is estimated to depict remarkable expansion over the forecast period.

Table of Segmentation