Industrial ventilation equipment market is projected to reach $18.2 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031, Says AMR

Industrial ventilation equipment plays a crucial role in maintaining air quality and temperature in industrial settings. The ventilation system is used to control the quality of air and prevent workers from being exposed to harmful contaminants and pollutants. These systems also provide a comfortable and safe working environment for workers. The global industrial ventilation equipment market is expected to grow at a steady pace in the coming years. 

The global industrial ventilation equipment market size was valued at $9 billion in 2021, and is projected to reach $18.2 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031. 

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Industrial ventilation equipment is mainly used to control indoor air quality by diluting and displacing indoor pollutants. Industrial ventilation consists of two parts that includes exhaust system and fresh air supply system. The air supply system includes air filtration equipment, air inlet, and cooling & heating equipment. The industrial ventilation equipment reduces the number of contaminants in air by mixing air with clean and fresh air. 

The demand for industrial ventilation equipment is increasing due to the growing awareness of the importance of maintaining a healthy work environment. There are various types of ventilation systems available in the market, including exhaust, supply, and balanced systems. Exhaust systems are the most commonly used ventilation systems in industrial settings. They remove pollutants and contaminants from the air and release them outside the building. 

Supply systems, on the other hand, supply fresh air into the building, which can be beneficial in areas where pollutants are generated. Balanced systems, as the name suggests, provide an equal amount of fresh air and exhaust air to maintain a balance in the air quality. 

The industrial ventilation equipment market is segmented into Ventilation Type, System Type and End User Industry. By ventilation type, the market is categorized into dilution ventilation and local exhaust ventilation. Depending on system, it is fragmented into air supply system and exhaust system. On the basis of end user, it is categorized into chemical, building products, manufacturing, oil & gas and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

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The industrial ventilation equipment market can be segmented based on the type of equipment, end-users, and region. The different types of equipment include fans, air filtration systems, air conditioning systems, and heaters. The end-users can be further classified into the automotive, food and beverage, chemical, pharmaceutical, and other industries. 

The automotive industry is one of the major end-users of industrial ventilation equipment. The increasing demand for automobiles has led to the expansion of the automotive industry, which, in turn, has increased the demand for industrial ventilation equipment. The food and beverage industry is another significant end-user of ventilation systems. These systems are used to maintain the temperature and air quality in food processing plants, ensuring that the food products are safe for consumption. 

The chemical and pharmaceutical industries also rely heavily on industrial ventilation equipment. These industries deal with hazardous chemicals and pollutants, which can be harmful to workers’ health if not adequately ventilated. The use of industrial ventilation equipment helps to control the release of these pollutants and ensures a safe and healthy working environment. 

Geographically, the industrial ventilation equipment market is dominated by North America and Europe. The stringent regulations regarding air quality and workplace safety in these regions have led to the high demand for ventilation equipment. The Asia Pacific region is also witnessing significant growth in the industrial ventilation equipment market due to the increasing industrialization and urbanization in countries like China and India. 

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The industrial ventilation equipment market is highly competitive, with several established players operating in the market. The major players in the market include companies like Johnson Controls, Daikin Industries, Ltd., Carrier Corporation, and LG Electronics Inc. These companies are investing heavily in research and development to develop more efficient and effective ventilation systems. 

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