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
The mechanical system in a
structure that introduces "fresh" outdoor air and exhausts
"contaminated" internal air is termed as ventilation system. Ventilation
system is utilized in the workplace to limit exposure to airborne contaminants.
It is frequently used to eliminate impurities from the air, including fumes,
dust, and vapors, to create a safe and healthy working environment. Unwanted
pollutants are eliminated by industrial systems since they're built to move out
and draw in a specified amount of air at a specific speed. Although all
ventilation systems operate according to the same fundamental principles, each
system is uniquely customized for the specific workplace's type of work and
rate of pollutant release.
India Ventilation System Market
Overview
The India ventilation system
market is experiencing high demand owing to the increasing government
initiatives for different businesses such as government initiatives aimed at
supporting small and medium-sized businesses, such as the Emergency Credit Line
Guarantee Scheme (ECLGS), which was extended through March 2023., These
initiatives are driving up demand for ventilation systems in the industrial
sector in India. It has increased the guarantee cover by USD6080 million,
bringing it to a total of USD67.11 billion, which is spurring an increase in
industrial, manufacturing, and other types of building construction where
ventilation systems are frequently employed for internal ventilation.
Additionally, the Credit Guarantee Trust for Micro and Small Companies will
make the additional credit line worth USD26.84 billion available to micro and
small firms (CGTMSE). Hence, there is a rise in ventilation systems demand in
India.
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.
Furthermore, people are
becoming more aware of the quality of their indoor air as a result of the
rising concerns regarding air pollution. A building's type and intended usage
might have an impact on the need for ventilation systems. For instance,
ventilation systems are essential in hospitals and other healthcare
institutions to stop the spread of airborne illnesses and maintain a healthy
interior environment. Overall, as people become more aware of the health
hazards linked to air pollution, there will certainly be a greater need for
efficient indoor air quality solutions. The need for ventilation systems that
can enhance air circulation and filter out pollutants has increased as a result
of this.
India Ventilation System
Market Trends
Several firms are releasing
ventilation systems that can be connected to air conditioners and individually
regulated via a remote control as a result of the rising demand for ventilation
systems in India. For instance, LG introduced unique ventilation systems that
may integrate with air conditioner ducts to effectively ventilate a specific
building. The exhaust device additionally effectively filters interior air
contaminants using a sirocco fan and high static pressure. Since the entire
heat exchanger completely separates the supply and exhaust air flows, the LG
energy recovery ventilation system can filter out contaminants before
delivering outdoor air and provide fresh, hygienic interior air. It also has
technology that allows it to automatically adjust its operation based on the
weather by sensing the outside temperature.
Moreover, ventilation system
market players employ a range of strategies to please their current clients and
attract potential new ones. Due to the increasing concerns about marketing
techniques, businesses are willing to devote a certain amount of their revenue.
As an illustration, Carrier created the commercial Aero 39M air-handling unit,
which features energy recovery ventilators (ERVs) and can manage airflows of up
to 31,000 cfm. In a small, straightforward-to-install container, the Aero 39M
air handlers provide cutting-edge technology and distinctive features. The
indoor and outdoor units, which can be stacked or installed side by side, can
handle a broad variety of applications. Other choices for units include HEPA filters,
ECM direct drive fans, and Agion antimicrobial coating.
India Ventilation System Market
Challenges
The ventilation systems
market in India may experience certain market constraints such as ventilation
systems frequently cause noise pollution, especially in residential and
commercial buildings where people need quiet and calm surroundings. Several
elements, including the size and speed of the fans, the layout of the ductwork,
and the location of the system, can contribute to the noise that ventilation
systems produce. The manufacturing company must take different steps to address
noise pollution, including sound insulation, vibration isolation, modified duct
design that minimizes bends and curves in the ductwork, and the use of
centrifugal fans, which can help to reduce the noise produced by the
ventilation system.
Moreover, particularly in big
commercial or industrial buildings, ventilation systems can be expensive to
install and operate. The size of the building, the kind of system needed, and
the difficulty of the installation are some of the variables that might affect
the price of a ventilation system. Also, as Indians are price-conscious and
prefer investing on other parts of home upgrading, such as installing
induction-based appliances and chimneys, the ventilation systems may
experience lower demand in India. In order for ventilation systems to
continue to operate effectively and efficiently, maintenance is also crucial. However,
maintenance can also be costly, particularly if professional personnel are
needed to repair the system.
Market Opportunities
·
In
India's ventilation system market, the direct sales distribution channel is
expanding as a result of the various supplementary services offered by multiple
brands. For instance, Systemair, a business that deals in ventilation systems
and offers services for various locations like parking garages, tunnels,
pharmaceutical industries, etc., offers tailored services to its clients, such
as ventilation systems that can be connected through air conditioning ducts and
tailored to the client's requirements.
·
The
increased integration of air conditioning equipment in smart homes is a result
of the rising popularity of smart homes in India, which also includes the
expanding use of the Internet of Things (IoT) among residential and commercial
consumers, the growth of machine-to-machine communication (M2M), the desire for
smart cities, and the expansion of data analytics. As a result, manufacturers
in the Indian market for ventilation systems can partner with smart home
appliance dealers to provide consumers a complete collection of smart phone
appliances, including air conditioners, ventilation systems, and other
appliances that can cooperate with one another.
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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, Haier Appliances (India) Private Limited are some of the major players
in the India ventilation system market.
|
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)
|
Report Scope:
In this report, India ventilation system market has been segmented into the following
categories, in addition to the industry trends which have also been detailed below:
·
India Ventilation System Market, By Type:
o Exhaust Ventilation System
o Energy Recovery Ventilation System
o Balanced Ventilation System
o Supply Ventilation System
·
India Ventilation System Market, By End User:
o Residential
o Commercial
o Industrial
·
India Ventilation System Market, By Distribution Channel:
o Direct
o Indirect
·
India Ventilation System Market, By Region:
o North
o West
o South
o West
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India Ventilation System market.
Available Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
Detailed analysis and
profiling of additional market players (up to five).