Market Introduction
Mechanical ventilation systems across the European countries differ on the basis of climate conditions, and building tradition. Mechanical ventilation systems in Europe are witnessing an increased adoption in schools and office buildings. In the industrial sector, the mining industry is increasingly demanding ventilations systems. The mining sector in the region is mature with the presence of large mineral reserves in a few countries. The European Commission Regulation (EU) 2016/2281, published in 2016, established minimum eco-design requirements for air heating and cooling products, high-temperature process chillers, and fan coil units which is providing significant growth opportunities for further innovation in the HVAC industry. The regulation also updates minimum standards in the seasonal space cooling energy efficiency of cooling products. The “Right to Repair” legislation passed by the European Parliament in November 2020 will impact the regional HVAC manufacturers, installers, and suppliers to varying degrees. It was introduced with an aim to increase the ease, attractiveness, and efficiency of repairing equipment rather than replacing them. The “Right to Repair” will promote replacement part guarantees, extended guarantees, and easier access to repair information. These measures are anticipated to prompt a change in consumer behavior and boost Europe’s mechanical ventilation system market.
Currently, the UK is the most impacted country by the COVID-19, followed by Russia, France, and Italy. Owing to implementation of containment measures such as travel restriction, shutdown of manufacturing facilities and businesses in the region the slewing bearing market witness a crunch from supply side. Moreover, as containment measures also affected the operation of end user of mechanical ventilation system which subsequently impacted the market from demand side. However, as containment measures were relaxed the mechanical ventilation system market started witnessing positive growth from the Q1 of 2021.
Market Overview and Dynamics
The mechanical ventilation systems market in Europe is expected to grow from US$ 4591.47 million in 2021 to US$ 6626.53 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Hybrid or mixed-mode ventilation is a combination of natural ventilation from operable windows and mechanical systems, including air distribution equipment and refrigeration equipment, for cooling. Hybrid ventilation describes schemes where the ventilation is neither entirely natural nor entirely mechanical. Buildings with natural ventilation with heat recycling (NVHR) systems incorporate efficient centrifugal fans to achieve hybrid-mixing ventilation. Modern well-designed buildings have some form of natural ventilation, mechanical ventilation with open-able windows, or separate zones with natural and mechanical ventilation working independently. The hybrid ventilation strategy is emerging as an attractive concept in terms of occupant comfort wherein natural ventilation is assisted by mechanical systems under peak heating or cooling conditions. The hybrid solution accommodates greater extremes of internal heat gains and external temperature fluctuations in comparison to a natural ventilation system. This also results in minimized energy consumption, ensuring sufficient ventilation capacity under a wide range of internal and external scenarios. Therefore, the growing demands for hybrid ventilation systems to meet the needs of the space while minimizing the cost, maintenance, and energy consumption is anticipated to boost the market growth.
Key Market Segments
In terms of type, the exhaust ventilation segment accounted for the largest share of the Europe 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 Europe 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; Mitsubishi Electric Corporation; Volution Group plc.; DUCO Ventilation & Sun Control; Caladair International; Airflow Developments Limited; and Mechanical Air Supplies Ltd. among others.
Reasons to buy report
Europe Mechanical Ventilation Systems Market Segmentation
Europe Mechanical Ventilation Systems Market – By Type
Europe Mechanical Ventilation Systems Market – By Application
Europe Mechanical Ventilation Systems Market – By Country
Europe Mechanical Ventilation Systems Market – Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 4591.47 Million |
| Market Size by 2028 | US$ 6626.53 Million |
| CAGR (2021 - 2028) | 5.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Mechanical Ventilation Systems Market is valued at US$ 4591.47 Million in 2021, it is projected to reach US$ 6626.53 Million by 2028.
As per our report Europe Mechanical Ventilation Systems Market, the market size is valued at US$ 4591.47 Million in 2021, projecting it to reach US$ 6626.53 Million by 2028. This translates to a CAGR of approximately 5.4% during the forecast period.
The Europe Mechanical Ventilation Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Mechanical Ventilation Systems Market report:
The Europe Mechanical Ventilation Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Mechanical Ventilation Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Mechanical Ventilation Systems Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Mechanical Ventilation Systems Market
