The India ventilation system market is witnessing high demand owing to the increasing need for efficient ventilation in commercial places and increasing awareness among consumers regarding air pollution.
According to TechSci Research report, “India Ventilation System Market – By Region, Competition Forecast & Opportunities, 2018-2031F,” the India ventilation system market is forecast to project at an impressive CAGR of around 8.59% in the forecast period due to rapidly surging demand from commercial and industrial sector. The increasing demand among consumers for effective ventilation in buildings and rising awareness among consumers for clean air in the building premises will further drive the market for ventilation systems in India.
A ventilation system is a mechanical framework of interconnected components that regulates airflow in small, frequently residential and commercial environments. Its primary purpose is to continuously introduce fresh air, typically from the outside, while exhausting stale air. These systems frequently include fans, pumps, vent grates, and air flow tunnels, but most of the time, the main functioning components are all installed inside the structure’s walls and ducts.
There is always a significant need for systematic ventilation in India due to the country’s variable climate and poor air quality. As a result, the residential, commercial, and industrial sectors predominantly use ventilation systems to maintain air quality, which drives up the price of power. The National Clean Air Programme (NCAP) and the Energy Conservation Building Code are two efforts and laws that the Indian government has implemented to promote and lower the price of power and improve indoor air quality (ECBC). These programs mandate the use of environmentally friendly and energy-efficient building techniques, which frequently entail the installation of ventilation systems, by contractors and developers.
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Many people experience discomfort and suffering from hay fever in the summer. Larger particles, like pollen, can be filtered out by a strong ventilation system, keeping them out of the house. There is no need to open the window, which can be problematic for people who have pollen allergies, if there is a ventilation system in place. Thus, the solution to a more comfortable summer may lie in a ventilation system.
Several people who have seasonal illnesses like hay fever and pollen allergies have seen improvements in their symptoms after installing an efficient ventilation system. Pollutants in the indoor environment can be reduced with a steady flow of filtered fresh air entering the home, which may improve health.
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, and energy recovery 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.
The major portion of the ventilation system market in India is accounted to the commercial sector, which includes offices, retail locations, and healthcare institutions. The market for this industry is expanding as a result of the rising demand for better indoor air quality and the requirement for effective ventilation systems to stop the spread of infectious diseases.
Key market players in the India Ventilation System market include:
- 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
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“The demand for ventilation systems is rising owing to the increasing number of residential and commercial buildings in the country. Moreover, the increasing government initiatives for small and medium enterprises in the country will further propel the market growth. Moreover, the increasing awareness among consumers regarding clean air and growing popularity of energy efficient ventilation systems and technologically advanced ventilation systems which can work in collaboration with air conditioning duct are further accelerating the market growth of ventilation systems in India.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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,” has evaluated the future growth potential of ventilation system market in India and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India ventilation system market.
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