Demand for Ventilation Systems based on Renewable Energy Resources to drive the Solar Ventilation Systems Market, says Fact.MR
FACT.MR
7 min read
FACT.MR
Rising Urbanization, Growing Popularity of Solar Systems, and Emergence of Smart Cities Driving the Solar Ventilation Systems Market Expansion in North America & Europe
Seoul, South Korea, July 14, 2022 (GLOBE NEWSWIRE) -- A market research and competitive intelligence provider – Fact.MR, says that the global solar ventilation systems market would reach US$ 1.31 Billion in 2022 have a CAGR of 4.6% between 2022 and 2032. Fact.MR has focused on the fact that investments in housing development are witnessing a substantiation. Along these lines, the global solar ventilation systems market is projected to reach US$ 2.05 Billion by the year 2032.
With development of smart cities on the anvil, the demand for solar ventilation systems market is expected to rise at a stupendous rate in the forecast period. Both – commercial and residential complexes ask for solar ventilation systems. Plus, there are government subsidies provided all across, so as to benefit manufacturers as well as the end-consumers of these systems.
Europe accounts for 21.7% share of the global solar ventilation systems market. In Europe, government subsidies for solar ventilation systems have benefitted the manufacturers of solar ventilation systems as well as customers for panel pricing. Moreover, the emergence of smart cities is also expected to exert a positive influence with the use of solar ventilation systems on every rooftop and commercial building.
Which Mounting Type of Solar Ventilation Systems Holds High Market Share?
“Increasing Need to Improve Air Quality in Residential Buildings Driving Demand for Roof-mounted Solar Ventilation Systems”
Based on mounting type, the global solar ventilation systems market can be classified into gable-mounted and roof-mounted. Sales of roof-mounted solar ventilation systems are anticipated to rise at the highest CAGR over the forecast period.
The most popular roof-mounted solar ventilation systems need little maintenance. During the projection period, there is anticipated to be an increase in demand for roof-mounted solar ventilation systems due to the need to improve the air quality in residential buildings.
In comparison to typical roof vents, roof-mounted solar ventilation systems include vents with solar panels as energy conversion platforms. Over the forecast period, roof-mounted solar ventilation systems are expected to be increasingly used as essential ventilation equipment.
Key Segments Covered in Solar Ventilation Systems Industry Survey
Solar Ventilation Systems Market by Mounting Type :
Gable-mounted Solar Ventilation Systems
Roof-mounted Solar Ventilation Systems
Solar Ventilation Systems Market by Output Power :
Less than 10 Watts Solar Ventilation Systems
10 Watts - 20 Watts Solar Ventilation Systems
More than 20 Watts Solar Ventilation Systems
Solar Ventilation Systems Market by Application :
Industrial Solar Ventilation Systems
Residential Solar Ventilation Systems
Commercial Solar Ventilation Systems
Solar Ventilation Systems Market by Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Competitive Landscape
Technological innovations are the cornerstone of the solar ventilation systems market.
Researchers at the KTU (Kaunas University of Technology) Start-up Space are into development of an energy-efficient, but no noisy solar ventilation system known as “Oxygen”, which is capable of retaining heat by up to 89%.
Solar Royal did introduce SR1800 series solar ventilation systems, which do provide aesthetics as well as functionality. They come with low-profile design, thereby imparting an appropriate look to the rooftops – let location be any.
Key players in the Solar Ventilation Systems Market
Solatube International Inc.
Solar Royal LLC
Titus HVAC
Air Vent, Inc.
Attic Breeze LLC
Broan, Inc.
Active Ventilation Products, Inc.
Ventamatic Ltd.
Key Takeaways from Solar Ventilation Systems Market Study
North America contributes for 26.4% of the overall revenue.
Europe accounts for 21.7% of the market share.
Call for more usage of renewable sources of energy to keep up the momentum for solar ventilation systems
More number of start-ups to come up looking at the long-term advantages
Roof-mounted solar ventilation systems to be in greater demand in the forecast period in the wake of need to enhance quality of air in residential buildings
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 Billion-plus data points, the team has analysed the industrial goods across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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