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
Think of a ventilation system as the lungs of a building; it breathes in "fresh" air from outside and breathes out the "bad" air from inside. These systems are super important in workplaces to keep the air clean and protect people from breathing in nasty stuff. We're talking about things like fumes, dust, and vapors – things you definitely don't want hanging around. Industrial systems are like heavy-duty versions, designed to suck out those pollutants and bring in a certain amount of fresh air at just the right speed to keep everyone safe. Now, even though all ventilation systems work on the same basic idea, each one is special. They're custom-made to fit the specific type of work happening and how much pollution is being released in that particular workspace.
India Ventilation System Market Overview
The Indian ventilation system market is booming! Why? Well, the government is really pushing to help businesses, especially small and medium-sized ones. Take the Emergency Credit Line Guarantee Scheme (ECLGS), for example – they extended it through March 2023! This kind of support is fueling demand for ventilation in Indian factories and plants. The government even boosted the guarantee cover by $6,080 million, bringing it to a whopping $67.11 billion! All that extra building means more need for ventilation systems to keep things fresh inside. Plus, the Credit Guarantee Trust is offering a huge $26.84 billion credit line to smaller companies. Basically, more money flowing to businesses equals more construction, which equals more demand for ventilation systems!
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.
With all the talk about air pollution, folks are really starting to think about the air they breathe inside too. Turns out, what kind of building you're in and what it's used for can really change how much ventilation it needs. Take hospitals, for example. Ventilation systems are super important there to keep germs from spreading and make sure the air is healthy. It's all about keeping everyone safe. And because we're all clued in now about the dangers of bad air, you know there's going to be a bigger push for good, clean indoor air. That means more ventilation to get the air moving and those nasty pollutants filtered out.
India Ventilation System Market Trends
With everyone wanting better ventilation these days, especially in India, a bunch of companies are stepping up! They're putting out ventilation systems that hook right into your air conditioner and can be controlled separately with a remote. Take LG, for example. They've launched these cool ventilation systems that can slide into your AC ducts to really ventilate a building. Plus, their exhaust device? It's a champ at filtering out all that nasty stuff floating around inside, thanks to a sirocco fan and high static pressure. The LG energy recovery ventilation system is particularly impressive – the whole heat exchanger keeps the incoming and outgoing air completely separate, so it filters out pollutants before bringing in fresh air from outside. Basically, you get clean, healthy air inside. And get thisit even has tech that lets it automatically adjust how it works based on the weather outside, sensing the temperature.
The companies in the ventilation system market are really trying to win over customers, both old and new! They're spending money because marketing is getting more complex. Take Carrier, for example. They came up with the Aero 39M commercial air-handling unit, which has energy recovery ventilators (ERVs) and can handle a ton of air – up to 31,000 cfm. The Aero 39M air handlers pack advanced tech and cool features into a small, easy-to-install package. You can stack the indoor and outdoor units or put them next to each other, and they work for all sorts of setups. Plus, you can get them with options like HEPA filters, ECM direct drive fans, and even Agion antimicrobial coating.
India Ventilation System Market Challenges
One thing to consider about ventilation systems in India is that they can be noisy! This is a real problem, especially in homes and offices where people need some peace and quiet. Think about itthe size of the fans, how fast they're spinning, even the way the ducts are laid out can all make a big difference. To fix this, companies need to get smart. They could use sound insulation, isolate vibrations, and tweak the duct design to be less curvy. Also, switching to centrifugal fans might help cut down on the racket.
Ventilation systems, especially in large commercial or industrial buildings, can really hit your wallet, both when you're putting them in and keeping them running. The final price tag depends on a bunch of things, like how big the building is, what kind of system you need, and how tricky the install is. Plus, let's be real, in India, where folks are always looking for a good deal and often prefer putting their money into things like fancy induction cooktops and chimneys, ventilation systems might not always be the top priority. And don't forget about maintenance! Keeping those systems in tip-top shape is super important for them to work well, but that can also add up, especially if you need to call in the pros to fix things.
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. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| 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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