Asia Pacific Mechanical Ventilation Systems Market

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.

Asia Pacific Mechanical Ventilation Systems Strategic Insights

Strategic insights for the Asia Pacific Mechanical Ventilation Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Mechanical Ventilation Systems Report Scope

Asia Pacific Mechanical Ventilation Systems Regional Insights

The geographic scope of the Asia Pacific Mechanical Ventilation Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific mechanical ventilation systems market
• Efficiently plan M&A and partnership deals in Asia Pacific mechanical ventilation systems market by identifying market segments with the most promising probable sales
• 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.