Industry Experts - Market Research Reports, Industry Analysis, Custom Research

A new report from Industry Experts, Inc., on " European Ventilation Equipment Market ", reveals that the European unit shipments of ventilation equipment are forecast to reach 40 million units in 2030, from an estimated 32.7 million units in 2024 registering a CAGR of 3.5% during 2024-2030 period. Shipment value of European ventilation equipment is projected to grow by a CAGR of 3.4% over the forecast period, reaching close to US$7 billion by 2030. The European ventilation equipment market experienced a significant decline in 2020 due to the COVID-19 pandemic, which disrupted new construction and renovation activities across the European Union. However, demand rebounded sharply in 2021-2022, fueled by a recovery in commercial and residential construction, government-backed renovation initiatives, and increased awareness of the importance of Indoor Air Quality (IAQ) in the wake of the pandemic. In 2023, however, demand declined slightly again as economic uncertaint...

Industry Experts released the 2017 version of its European market report on Ventilation Equipment titled ‘ Ventilation Equipment – A European Market Overview ’. As per the new report, Germany estimated the largest producer of ventilation equipment with 13.7 million units in 2017 while Italy follows with 5.4 million units. In terms of Fan type, Axial Fans accounts for 8.5 million units followed by Range Hoods and Domestic Exhaust Fans with 6.7 million units and 5.9 million units respectively in the same year. Driven by stringent regulations introduced by the European Union to reduce energy consumption in buildings, the European ventilation industry is expected to benefit from the increasing demand for energy efficient ventilation products. Modest but steady growth in construction activity in the residential and commercial sectors would enhance demand for ventilation equipment. Other factors, such as awareness about importance of indoor air quality would go a long way in renewing mark...