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Australian Ventilation Products Market Opportunities, Trends, Recent Developments, and Growth Forecast by 2030

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Australian Ventilation Products Market Opportunities, Trends, Recent Developments, and Growth Forecast by 2030

January 11
17:28 2022
Australian Ventilation Products Market Opportunities, Trends, Recent Developments, and Growth Forecast by 2030
The Australian ventilation products market is classified into ventilation fans, energy recovery ventilation (ERV) systems, air curtains, air cleaners/air purifiers, and air handling units (AHUs) and fan coils, under the product segment. Among these, the ventilation fans category dominated the market in 2020, and it is expected to maintain its position during the forecast period as well.

From $1,788.0 million in 2020, the Australian ventilation products market size will rise to $2,806.3 million by 2030, at a 4.6% between 2020 and 2030. The key reason for this would be the booming construction activities in the commercial and residential sectors. As per the Australian Bureau of Statistics, residential construction worth $13,117.9 million (AUD 19,047.4 million) and non-residential construction worth $7,931.1 million (AUD 11,516.1 million) was carried out in the country in the second quarter of 2021.

The total worth of the construction done in Australia increased by 0.4% between June 2020 and June 2021. The small increase can be attributed to the resonating effects of the COVID-19 pandemic, which had led to an almost complete shutdown of this industry. Moreover, due to the suspension of manufacturing and major commercial activities and people’s financial instability, ventilation system sales in Australia declined massively in 2020.

Download sample pages of this report: https://www.psmarketresearch.com/market-analysis/australia-ventilation-products-market/report-sample

Key Findings of Australia Ventilation Products Market Report

  • Another key driver for the Australian ventilation products market is the rising awareness on indoor air pollution due to cleaning products, pesticides, air fresheners, furniture, construction materials, and even heating and cooking.
  • To curb electricity usage owing to the rising number of ventilation systems in operation, Australians are installing energy-efficient variants. Apart from consuming lesser energy, they have a higher ventilation capacity, thereby reducing the concentration of CO2 in indoor air and protecting people from infections.
  • Ventilation fans witness the highest sales in the country because they are extremely popular among commercial users.
  • Commercial buildings account for the highest number of installed ventilation products in Australia owing to the rapid urbanization driving the construction of hospitals, hotels, shopping malls, and office complexes.
  • Decentralized ventilation products are witnessing rising sales as they are better able to ventilate individual enclosed spaces. Moreover, if one of them breaks down, the others continue to work, which is not possible with centralized systems.
  • The market is fragmented, which is why the intensity of the competition here is rather high.

Key companies in the Australian ventilation products market are launching improved systems to gain an edge over their competitors. For instance, in January 2020, a new line of Trade sweep fans with the AeroGlide System was launched by Fantech Pty. Ltd. Similarly, Vent-Axia Group Limited unveiled Lo-Carbon Heat Save, a heat recovery solution for single rooms and entire homes, in July 2021.

Browse detailed report on Australia Ventilation Products Market Size and Growth Forecast to 2030

Major Australian ventilation products market players include Johnson Controls International PLC, Mitsubishi Electric Corporation, Daikin Industries Ltd., Air Change International Limited, Elta Group, FANCO PTY. LTD., Rosenberg Ventilatoren GmbH, and Vortice S.p.A.

Market Size Breakdown by Segments

By Usage and Product

  • Commercial
    • Ventilation fans
      • Wall-mount fans
      • Ceiling-mount fans
      • Cabinet fans
      • Range hoods
      • Bathroom dryers
    • Energy recovery ventilation (ERV) systems
    • Air curtains
    • Air cleaners/air purifiers
    • Air handling units (AHUs) and fan coils 
  • Residential
    • Ventilation fans
      • Wall-mount fans
      • Ceiling-mount fans
      • Cabinet fans
      • Range hoods
      • Bathroom dryers
    • Energy recovery ventilation (ERV) systems
    • Air curtains
    • Air cleaners/air purifiers
    • Air handling units (AHUs) and fan coils 

Browse Other Related Reports

Air Quality Monitoring Market – North America has been the largest air quality monitoring market till now because of the high incidence of respiratory illnesses here as a result of the increasing levels of air pollution. As per the American Cancer Society, 234,030 cancer cases and 154,050 deaths were predicted for the U.S. in 2018. Further, the 2021 forecast of the agency has increased to 235,760 cases and 131,880 deaths. As a result of the steadily rising cases of respiratory disorders, government here are mandating regular AQM in outdoor, residential, commercial, and industrial settings.

Agricultural Ventilation Fans Market – In the coming years, the agricultural ventilation fans market will exhibit the fastest growth in the Asia-Pacific region, as per the estimates of P&S Intelligence, a market research company based in India. 

Media Contact
Company Name: P&S Intelligence
Contact Person: Abhishek
Email: Send Email
Phone: +918887787886
Address:Noida Sector 2
City: Noida
State: UP
Country: India
Website: https://www.psmarketresearch.com/market-analysis/australia-ventilation-products-market

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