Home Ventilation System Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 27.82 Billion |
| Market Size (2029) | USD 39.01 Billion |
| CAGR (2024 - 2029) | > 7.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Home Ventilation System Market Analysis
The Global Home Ventilation System Market size is estimated at USD 27.82 billion in 2024, and is expected to reach USD 39.01 billion by 2029, growing at a CAGR of greater than 7% during the forecast period (2024-2029).
Home ventilation systems provide residents with a safe and comfortable living environment. These systems regulate airflow in the home to prevent pollutants like smoke, carbon dioxide, and volatile organic compounds from accumulating. When outdoor pollutant levels are high or indoor temperatures rise during the summer months, homes should have multiple ventilation fans installed throughout the interior to expel dangerous gases from within. The growing demand for open-plan homes, rising construction activity in emerging economies such as India and China, and rising awareness about energy efficiency are some of the key factors driving market growth. Furthermore, growing health concerns about indoor air quality have increased the demand for efficient ventilation systems in residential buildings.
The post-COVID-19 scenario has brought increased awareness about the importance of home ventilation. With more people spending time indoors, there has been a growing demand for proper ventilation systems to improve indoor air quality. Companies in the home ventilation market have been focusing on developing innovative solutions that enhance air circulation and filtration. This includes technologies like HEPA filters, smart ventilation systems, and energy-efficient options.
Home Ventilation System Market Trends
Innovations in Cost-Effective Energy Recovery Ventilation (ERV)
The HVAC industry's technological development is focused on cost-cutting initiatives and improving existing technology. Latent heat storage with higher storage density and smaller temperature changes is becoming more popular. The potential use of Phase Change Material (PCM) in HVAC solutions for thermal storage and temperature maintenance applications, as well as innovations in Next Generation Ventilation (NeGeV) to optimize system performance and meet ventilation and cooling demands for commercial and industrial sectors, are among the factors driving the market growth. Furthermore, significant developments and innovations in mechanical ventilation systems are expected to match current price levels and significantly reduce operating costs while offering 50–90% lower energy consumption and a lower carbon footprint. All of the aforementioned factors are expected to support market growth and provide market participants with lucrative growth opportunities.
Home Renovation Industry is Propelling the Sales of Home Ventilation System Market
Homeowners' shifting preferences for energy-efficient and luxurious living spaces are significantly contributing to the industry's growth in ventilation systems. Rapid urbanization, combined with government initiatives to provide incentives and tax credits for green building construction, has fueled market growth for home ventilation systems. Furthermore, the popularity of e-commerce and the availability of technologically advanced system upgrades will drive global home ventilation system activity.
Home Ventilation System Industry Overview
The home ventilation system market is fragmented with many players. The report includes an overview of home ventilation companies operating across global. We wish to present a detailed profiling of a few major companies which cover product offerings, regulations governing them, their headquarters, and financial performance. Currently, some of the major players dominating the market are Panasonic, Carrier, Honeywell, Daikin Industries, and LG.
Home Ventilation System Market Leaders
-
Panasonic
-
Carrier
-
Honeywell
-
Daikin Industries
-
LG
*Disclaimer: Major Players sorted in no particular order
Home Ventilation System Market News
- February 2023: enVerid Systems, the leader in sustainable indoor air quality (IAQ) solutions, expanded its partnership with SCG, a leading business conglomerate in the ASEAN region.
- January 2022: LG launched PuriCare AeroTower, which was widely recognized for being one of the most exciting products of CES 2022 on behalf of its home appliance offerings. Its newest ventilation system, which features LG's enhanced Artificial Intelligence Direct Drive, was also recognized by leading lifestyle publications.
Home Ventilation System Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Awareness about Indoor Air Quality
4.2.2 Rising Trend of Smart Homes
4.3 Market Restraints
4.3.1 Lack of Proper Regulations and Standards in Some Regions
4.4 Market Opportunities
4.4.1 Growing Demand for Energy-Efficient Solutions
4.5 Value Chain/Supply Chain Analyisis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Buyers/Consumers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Government Regulations on Ventilation System Market
4.8 Insights on Technological Trends and Consumer Preferences
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Exhaust Ventilation System
5.1.2 Supply Ventilation System
5.1.3 Balanced Ventilation System
5.1.4 Energy Recovery System
5.2 By Application
5.2.1 New Decoration
5.2.2 Renovation
5.3 By Geography
5.3.1 North America
5.3.2 South America
5.3.3 Europe
5.3.4 Asia-Pacific
5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Competition Overview (Market Concentration And M&A Deals)
6.2 Company Profiles
6.2.1 Panasonic
6.2.2 Carrier
6.2.3 Johnson Controls
6.2.4 Honeywell
6.2.5 Daikin Industries
6.2.6 LG
6.2.7 Samsung
6.2.8 Lennox
6.2.9 Unovent
6.2.10 Atlantic*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Home Ventilation System Industry Segmentation
Supply ventilation systems use a fan to pressurize your home, forcing outside air into the building while air leaks out of the building through holes in the shell, bath, and range fan ducts, and intentional vents (if any exist). The scope of the study is currently focused on the home ventilation system market. The home ventilation system market is segmented by product type, which includes exhaust ventilation systems, supply ventilation systems, balanced ventilation systems, and energy recovery systems, including new decoration, renovation and, by geography, includes North America, South America, Europe, Asia-Pacific, Middle East, and Africa. The report offers market size and forecasts for the home ventilation system market in terms of revenue (USD) for all the above segments.
| By Product Type | |
| Exhaust Ventilation System | |
| Supply Ventilation System | |
| Balanced Ventilation System | |
| Energy Recovery System |
| By Application | |
| New Decoration | |
| Renovation |
| By Geography | |
| North America | |
| South America | |
| Europe | |
| Asia-Pacific | |
| Middle East & Africa |
Home Ventilation System Market Research FAQs
How big is the Global Home Ventilation System Market?
The Global Home Ventilation System Market size is expected to reach USD 27.82 billion in 2024 and grow at a CAGR of greater than 7% to reach USD 39.01 billion by 2029.
What is the current Global Home Ventilation System Market size?
In 2024, the Global Home Ventilation System Market size is expected to reach USD 27.82 billion.
Who are the key players in Global Home Ventilation System Market?
Panasonic, Carrier, Honeywell, Daikin Industries and LG are the major companies operating in the Global Home Ventilation System Market.
Which is the fastest growing region in Global Home Ventilation System Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Home Ventilation System Market?
In 2024, the Europe accounts for the largest market share in Global Home Ventilation System Market.
What years does this Global Home Ventilation System Market cover, and what was the market size in 2023?
In 2023, the Global Home Ventilation System Market size was estimated at USD 25.87 billion. The report covers the Global Home Ventilation System Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global Home Ventilation System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Home Ventilation System Industry Report
Statistics for the 2024 Home Ventilation System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Home Ventilation System analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
