Asia Pacific Mechanical Ventilation Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Exhaust Ventilation, Supply Ventilation, Balanced Ventilation, and Energy Recovery Ventilation) and Application (Industrial, Residential, and Commercial)
Market Introduction
The Asia Pacific mechanical ventilation system market is anticipated to grow at a significant CAGR on the account of increased awareness among consumers and end-user industries about the benefits of air quality control, need for improvement in productivity and efficiency in industries, and need for mitigation of health risks. The implementation of stringent indoor air quality control norms by the developed nations is anticipated to boost the adoption of mechanical ventilation systems. The demand for cost and energy-efficient industrial ventilation systems in Asia Pacific is expected to grow during the forecast period due to factors such as rising construction activities, increasing coal-based power generation, and anticipated expansion in the oil & gas sector activities. China dominated the air quality control system market across Asia Pacific in 2016 and is expected to have the largest market share during the forecast period. Continuous growth in the commercial and residential buildings in India and China, smart city initiatives, and rising consumer spend on luxury homes are among the factors expected to drive the mechanical ventilation systems market in Asia Pacific. In addition, low ownership rate and rising disposable income in the region is expected to favorably impact market growth.
The region is characterized by the presence of several developing countries, positive economic outlook, and huge industrial sector, in addition to the largest share of global population. These factors make Asia Pacific a major region for the growth of the Mechanical ventilation system market. The shutdown of various plants and factories in many economies in the Asia Pacific has affected the supply chains and negatively impacting the manufacturing processes, delivery schedules, and product and service sales. The Asia Pacific is global manufacturing hub with countries such as China, Japan, and South Korea leading the global manufacturing sector. Disruptions in supply chains and manufacturing activities have led to the discontinuation of the production of new mechanical ventilation system, which is hindering the market growth. Meanwhile, with the initiation of vaccination drive coupled with reopening of economies the mechanical ventilation system market witness positive growth from the Q1 of 2021.
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Market Overview and Dynamics
The mechanical ventilation systems market in Asia Pacific is expected to grow from US$ 7022.97 million in 2021 to US$ 10671.96 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. Growth in smart cities and green building initiatives is driving the mechanical ventilation system market. Stringent government regulations to reduce energy consumption and increased demands for sustainable building options has led to the construction of green buildings. Growing emphasis on indoor environmental quality (IEQ) in green buildings is increasing the installations of mechanical ventilation systems. There is a growing demand for the use of energy recovery ventilation, whole-house fans, and energy-saving exhaust fans among the green building builders to address ventilation, moisture control, and local exhaust, supply air filtration, radon protection, and contaminant control. Countries such as South Korea, Taiwan, Japan, and Singapore are actively pursuing a smart city strategy. The Government of India launched the National Smart Cities Mission in 2015 with an aim to make cities citizen-friendly and sustainable by harnessing smart technology. The Indian Green Building Council (IGBC) certified green buildings with smart ventilation systems, which result in energy savings of 40–50% compared with that of conventional buildings. Similarly, Singapore is transforming toward a "Smart Nation" by leveraging energy-efficient technologies for improving lives and create economic opportunities. Such initiatives have subsequently surged the demands for mechanical ventilation systems, which is significantly driving market growth.
Key Market Segments
In terms of type, the exhaust ventilation segment accounted for the largest share of the Asia Pacific mechanical ventilation systems market in 2020. In term of application, commercial segment held a larger market share of the mechanical ventilation systems market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the mechanical ventilation systems market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Vortice; BLAUBERG; Infineon Technologies AG; AERMEC; Volution Group plc.; and Mitsubishi Electric Corporation among others.
Reasons to buy report
- To understand the Asia Pacific mechanical ventilation systems market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific mechanical ventilation systems market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.
Asia Pacific Mechanical Ventilation Systems Market Segmentation
Asia Pacific Mechanical Ventilation Systems Market – By Type
- Exhaust Ventilation
- Supply Ventilation
- Balanced Ventilation
- Energy Recovery Ventilation
Asia Pacific Mechanical Ventilation Systems Market – By Application
- Industrial
- Residential
- Commercial
Asia Pacific Mechanical Ventilation Systems Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia Pacific Mechanical Ventilation Systems Market – Companies Mentioned
- Vortice
- BLAUBERG
- Infineon Technologies AG
- AERMEC
- Mitsubishi Electric Corporation
- Volution Group plc.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Mechanical Ventilation Systems – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Mechanical Ventilation Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in the Development of Smart Cities
5.1.2 Up-lifting Need for Energy-Efficient Ventilation Systems in Residential and Commercial Sectors
5.2 Market Restraints
5.2.1 Excessive Initial Upfront Cost
5.3 Market Opportunities
5.3.1 Growing Innovations in Cost-Effective Energy Recovery Ventilators (ERV)
5.4 Future Trends
5.4.1 Boosting Inclination Towards Hybrid or Mixed Mode Ventilation
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Mechanical Ventilation Systems – Market Analysis
6.1 Asia Pacific Mechanical Ventilation Systems Market Overview
6.2 Asia Pacific Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Mechanical Ventilation Systems Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Mechanical Ventilation Systems Market- by Type
7.3 Exhaust Ventilation
7.3.1 Overview
7.3.2 Exhaust Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
7.4 Supply Ventilation
7.4.1 Overview
7.4.2 Supply Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
7.5 Balanced Ventilation
7.5.1 Overview
7.5.2 Balanced Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
7.6 Energy Recovery Ventilation
7.6.1 Overview
7.6.2 Energy Recovery Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Mechanical Ventilation Systems Market Analysis – By Application
8.1 Overview
8.2 Asia Pacific Mechanical Ventilation Systems Market- By Application
8.3 Industrial
8.3.1 Overview
8.3.2 Industrial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
8.5 Commercial
8.5.1 Overview
8.5.2 Commercial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Mechanical Ventilation Systems Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Mechanical Ventilation Systems Market- by Key Country
9.1.1.1 Australia: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Mechanical Ventilation Systems Market- by Type
9.1.1.1.2 Australia: Mechanical Ventilation Systems Market- By Application
9.1.1.2 China: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Mechanical Ventilation Systems Market- by Type
9.1.1.2.2 China: Mechanical Ventilation Systems Market- By Application
9.1.1.3 India: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Mechanical Ventilation Systems Market- by Type
9.1.1.3.2 India: Mechanical Ventilation Systems Market- By Application
9.1.1.4 Japan: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Mechanical Ventilation Systems Market- by Type
9.1.1.4.2 Japan: Mechanical Ventilation Systems Market- By Application
9.1.1.5 South Korea: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Mechanical Ventilation Systems Market- by Type
9.1.1.5.2 South Korea: Mechanical Ventilation Systems Market- By Application
9.1.1.6 Rest of APAC: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Mechanical Ventilation Systems Market- by Type
9.1.1.6.2 Rest of APAC: Mechanical Ventilation Systems Market- By Application
10. Impact of COVID-19 Pandemic on Asia Pacific Mechanical Ventilation Systems Market
10.1 Overview
11. Asia Pacific Mechanical Ventilation System Market –Industry Landscape
11.1 Overview
11.1 Market Initiative
11.2 New Product Development
12. Company Profiles
12.1 Volution Group plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Mitsubishi Electric Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Vortice
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BLAUBERG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Infineon Technologies AG (Ventilation System Technology Provider)
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 AERMEC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Mechanical Ventilation Systems Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Australia: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC: Mechanical Ventilation Systems Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC: Mechanical Ventilation Systems Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Mechanical Ventilation Systems Market Segmentation
Figure 2. Asia Pacific Mechanical Ventilation Systems Market Segmentation – By Country
Figure 3. Asia Pacific Mechanical Ventilation Systems Market Overview
Figure 4. Exhaust Mechanical Ventilation Systems Segment Held the Largest Market Share in 2020
Figure 5. Commercial Segment Held the Largest Market Share in 2020
Figure 6. China was the Largest Revenue Contributor in 2020
Figure 7. PEST Analysis – Asia Pacific
Figure 8. Mechanical Ventilation Systems Market– Ecosystem Analysis
Figure 9. Expert Opinions
Figure 10. Asia Pacific Mechanical Ventilation System Market: Impact Analysis of Drivers and Restraints
Figure 11. Asia Pacific Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Asia Pacific Mechanical Ventilation Systems Market Revenue Share, By Type (2020 and 2028)
Figure 13. Exhaust Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Supply Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Balanced Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Energy Recovery Ventilation: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific Mechanical Ventilation Systems Market Revenue Share, By Application (2020 and 2028)
Figure 18. Industrial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Residential: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial: Mechanical Ventilation Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Geographic Overview: Asia Pacific Mechanical Ventilation Systems Market
Figure 22. Asia Pacific: Mechanical Ventilation Systems Market Revenue Share, By Key Country (2020 and 2028)
Figure 23. Australia: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. China: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. India: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Japan: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. South Korea: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of APAC: Mechanical Ventilation Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Vortice
- BLAUBERG
- Infineon Technologies AG
- AERMEC
- Mitsubishi Electric Corporation
- Volution Group plc.
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