India Ventilation System Market to Register a CAGR of 8.59% During the Forecast Period
The India ventilation system market is
witnessing high demand owing to the increasing need for efficient ventilation
in commercial places and increasing awareness among consumers regarding air
pollution.
According
to TechSci Research report, “India Ventilation
System Market –By Region, Competition Forecast & Opportunities, 2018-2031F,”
the India ventilation system market is forecast to project at an
impressive CAGR of around 8.59% in the forecast period due to rapidly surging
demand from commercial and industrial sector. The increasing demand among
consumers for effective ventilation in buildings and rising awareness among
consumers for clean air in the building premises will further drive the market
for ventilation systems in India.
A
ventilation system is a mechanical framework of interconnected components that
regulates airflow in small, frequently residential and commercial environments.
Its primary purpose is to continuously introduce fresh air, typically from the
outside, while exhausting stale air. These systems frequently include fans,
pumps, vent grates, and air flow tunnels, but most of the time, the main
functioning components are all installed inside the structure's walls and
ducts.
There
is always a significant need for systematic ventilation in India due to the
country's variable climate and poor air quality. As a result, the residential,
commercial, and industrial sectors predominantly use ventilation systems to
maintain air quality, which drives up the price of power. The National Clean
Air Programme (NCAP) and the Energy Conservation Building Code are two efforts
and laws that the Indian government has implemented to promote and lower the
price of power and improve indoor air quality (ECBC). These programs mandate
the use of environmentally friendly and energy-efficient building techniques,
which frequently entail the installation of ventilation systems, by contractors
and developers.
Many
people experience discomfort and suffering from hay fever in the summer. Larger
particles, like pollen, can be filtered out by a strong ventilation system,
keeping them out of the house. There is no need to open the window, which can
be problematic for people who have pollen allergies, if there is a ventilation
system in place. Thus, the solution to a more comfortable summer may lie in a
ventilation system.
Several
people who have seasonal illnesses like hay fever and pollen allergies have
seen improvements in their symptoms after installing an efficient ventilation
system. Pollutants in the indoor environment can be reduced with a steady flow
of filtered fresh air entering the home, which may improve health.
Browse
over 26 market data Figures and 1 table spread through 83 Pages and an in-depth
TOC on "India Ventilation System Market.”
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, and energy recovery 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.
The
major portion of the ventilation system market in India is accounted to the
commercial sector, which includes offices, retail locations, and healthcare
institutions. The market for this industry is expanding as a result of the
rising demand for better indoor air quality and the requirement for effective
ventilation systems to stop the spread of infectious diseases.
Key
market players in the India Ventilation System market include:
·
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
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“The
demand for ventilation systems is rising owing to the increasing number of
residential and commercial buildings in the country. Moreover, the increasing
government initiatives for small and medium enterprises in the country will
further propel the market growth. Moreover, the increasing awareness among
consumers regarding clean air and growing popularity of energy efficient
ventilation systems and technologically advanced ventilation systems which can
work in collaboration with air conditioning duct are further accelerating the
market growth of ventilation systems in India.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Ventilation System Market By Type
(Exhaust Ventilation System, Supply Ventilation System, Balanced Ventilation
System, Energy Recovery Ventilation System), By End User (Residential,
Commercial and Industrial), By Distribution Channel (Direct, Indirect), By
Region, Competition Forecast & Opportunities, 2018-2031F,” has evaluated the future
growth potential of ventilation system market in India and provides statistics
and information on market structure, size, share and future growth. The report
is intended to provide cutting-edge market intelligence and help decision
makers take sound investment decision. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities present in India ventilation system market.
Contact
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