India Ventilation System Market By Type (Exhaust Ventilation System, Supply Ventilation System, Balanced Ventilation System, Energy Recovery Ventilation System), By End User (Residential, Commercial and Industrial), By Distribution Channel (Direct, Indirect), By Region, Competition Forecast & Opportunities, 2018-2031F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Ventilation System Market By Type (Exhaust Ventilation System, Supply Ventilation System, Balanced Ventilation System, Energy Recovery Ventilation System), By End User (Residential, Commercial and Industrial), By Distribution Channel (Direct, Indirect), By Region, Competition Forecast & Opportunities, 2018-2031F
The India ventilation system market was valued at USD565.60 million in 2022 and is projected to grow at a CAGR of 8.59% through 2031 and is anticipated to project robust growth in the forecast period. The market for ventilation system in India is witnessing high demand owing to the various factors such as high demand from commercial places for effective ventilation in the building, increasing awareness among consumers and specific guidelines provided by the government for ventilation systems in a building.
India Ventilation System Market Scope
The mechanical system in a structure that introduces "fresh" outdoor air and exhausts "contaminated" internal air is termed as ventilation system. Ventilation system is utilized in the workplace to limit exposure to airborne contaminants. It is frequently used to eliminate impurities from the air, including fumes, dust, and vapors, to create a safe and healthy working environment. Unwanted pollutants are eliminated by industrial systems since they're built to move out and draw in a specified amount of air at a specific speed. Although all ventilation systems operate according to the same fundamental principles, each system is uniquely customized for the specific workplace's type of work and rate of pollutant release.
India Ventilation System Market Overview
The India ventilation system market is experiencing high demand owing to the increasing government initiatives for different businesses such as government initiatives aimed at supporting small and medium-sized businesses, such as the Emergency Credit Line Guarantee Scheme (ECLGS), which was extended through March 2023., These initiatives are driving up demand for ventilation systems in the industrial sector in India. It has increased the guarantee cover by USD6080 million, bringing it to a total of USD67.11 billion, which is spurring an increase in industrial, manufacturing, and other types of building construction where ventilation systems are frequently employed for internal ventilation. Additionally, the Credit Guarantee Trust for Micro and Small Companies will make the additional credit line worth USD26.84 billion found at to micro and small firms (CGTMSE). Hence, there is a rise in ventilation systems demand in India.
India Ventilation System Market Drivers
Since that ventilation systems can consume a large amount of energy in buildings, energy efficiency is a key factor in India's increasing demand for ventilation systems. The market is expanding as people become more aware of high-efficiency filters that collect more particles while preserving optimum air flow. Also, these ventilation systems are more efficient at lowering energy use and enhancing indoor air quality. System design, equipment selection, and methods for operation and maintenance must all be carefully considered when using these ventilation systems. Hence, India is predicted to have a large increase in the market for energy-efficient ventilation systems.
Furthermore, people are becoming more aware of the quality of their indoor air as a result of the rising concerns regarding air pollution. A building's type and intended usage might have an impact on the need for ventilation systems. For instance, ventilation systems are essential in hospitals and other healthcare institutions to stop the spread of airborne illnesses and maintain a healthy interior environment. Overall, as people become more aware of the health hazards linked to air pollution, there will certainly be a greater need for efficient indoor air quality solutions. The need for ventilation systems that can enhance air circulation and filter out pollutants has increased as a result of this.
India Ventilation System Market Trends
Several firms are releasing ventilation systems that can be connected to air conditioners and individually regulated via a remote control as a result of the rising demand for ventilation systems in India. For instance, LG launched unique ventilation systems that may integrate with air conditioner ducts to effectively ventilate a specific building. The exhaust device additionally effectively filters interior air contaminants using a sirocco fan and high static pressure. Since the entire heat exchanger completely separates the supply and exhaust air flows, the LG energy recovery ventilation system can filter out contaminants before delivering outdoor air and provide fresh, hygienic interior air. It also has technology that allows it to automatically adjust its operation based on the weather by sensing the outside temperature.
Moreover, ventilation system market players employ a range of strategies to please their current clients and attract potential new ones. Due to the increasing concerns about marketing techniques, businesses are willing to devote a certain amount of their revenue. As an illustration, Carrier created the commercial Aero 39M air-handling unit, which features energy recovery ventilators (ERVs) and can manage airflows of up to 31,000 cfm. In a small, straightforward-to-install container, the Aero 39M air handlers provide cutting-edge technology and distinctive features. The indoor and outdoor units, which can be stacked or installed side by side, can handle a broad variety of applications. Other choices for units include HEPA filters, ECM direct drive fans, and Agion antimicrobial coating.
India Ventilation System Market Challenges
The ventilation systems market in India may experience certain market constraints such as ventilation systems frequently cause noise pollution, especially in residential and commercial buildings where people need quiet and calm surroundings. Several elements, including the size and speed of the fans, the layout of the ductwork, and the location of the system, can contribute to the noise that ventilation systems produce. The manufacturing company must take different steps to address noise pollution, including sound insulation, vibration isolation, modified duct design that minimizes bends and curves in the ductwork, and the use of centrifugal fans, which can help to reduce the noise produced by the ventilation system.
Moreover, particularly in big commercial or industrial buildings, ventilation systems can be expensive to install and operate. The size of the building, the kind of system needed, and the difficulty of the installation are some of the variables that might affect the price of a ventilation system. Also, as Indians are price-conscious and prefer investing on other parts of home upgrading, such as installing induction-based appliances and chimneys, the ventilation systems may experience lower demand in India. In order for ventilation systems to continue to operate effectively and efficiently, maintenance is also crucial. However, maintenance can also be costly, particularly if professional personnel are needed to repair the system.
Market Opportunities
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Market Segmentation
The India Ventilation System Market is segmented on the basis of type, end user, distribution channel, region and competitive landscape. On the basis of type, the market is fragmented into exhaust ventilation system, supply ventilation system, balanced ventilation system, energy recovery ventilation system. Based on end user the market is divided into residential, commercial and industrial. Based on distribution channel the market is segmented into direct, indirect. On the basis of region, the market is divided into North, South, East, West.
Company Profiles
Blue Star Limited, Systemair India Pvt. Ltd., Carrier Airconditioning & Refrigeration Limited, Johnson Controls-Hitachi Air Conditioning India Limited, Mitsubishi Electric India Pvt. Ltd., Daikin Airconditioning India Private Limited, Zeco Aircon Ltd., LG Electronics India Pvt. Ltd., Samsung India Electronics Private Limited,
| Attribute | Details |
| Market Size Value in 2022 | USD565.60 Million |
| Revenue Forecast in 2031 | USD1175.91 Million |
| Growth Rate | 8.59% |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2031 |
| Quantitative Units | Value in USD Million, CAGR for 2018-2022 and 2023-2031 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Type End User Distribution Channel Region |
| Regional scope | North, South, East, West |
| Key Companies Profiled | Blue Star Limited, Systemair India Pvt. Ltd., Carrier Airconditioning & Refrigeration Limited, Johnson Controls-Hitachi Air Conditioning India Limited, Mitsubishi Electric India Pvt. Ltd., Daikin Airconditioning India Private Limited, Zeco Aircon Ltd., LG Electronics India Pvt. Ltd., Samsung India Electronics Private Limited, Haier Appliances (India) Private Limited |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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