Thermo Ventilators Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Thermo Ventilators Market
The thermo ventilators market size was valued at USD 2.80 billion in 2023, and the market is now projected to grow from USD 2.94 billion in 2024 to USD 4.74 billion by 2032, exhibiting a CAGR of 7.1% during the forecast period of 2024-2032.
The outbreak of the COVID-19 pandemic highly contributed to the growth of the thermo ventilators market due to the increase in demand for the healthcare facilities equipment due to the increase in the proportion of respiratory diseases. Thermo humidifiers became crucial for ICU patients and that resulted in more manufacturing and more venture in these domains. The market also experienced dramatic technological developments for addressing those needs that were deemed as critical, such as the addition of smart elements as a monitoring aid. Further, awareness of respiratory health prolonged the demand for the product in the market, and even post-pandemic, markets cannot ignore future respiratory issues that healthcare systems may face.
The thermo ventilators market has continued to be innovation in market trends of smart technology energy efficiency in user- friendly designs. Modem ventilators have IoT incorporation that facilitates clients’ continuous observation and control, which is advantageous in the medical care unit. Efficient models are preferred or required in the market today as consumers look for ways to cut expenses and be environmentally friendly. More trends include portable RS systems, small-sized handheld ventilators, and highly transportable ventilatory support equipment. Besides, the improvement of filtration technology caters to increasing concerns of fresh and sterilized air. Thus, all the above mentioned factors are contributing towards the thermo ventilators market growth.
The main drivers for the thermo ventilators market include; increasing awareness in IAQ, Increasing incidents of respiratory illnesses, and rising demand for energy saving ventilation products. Advancements in architectural industries and awareness of pollutants have led to a push for better and more efficient systems in commercial and residential buildings due to increased urbanization. The healthcare industries also contribute towards break through as thermo ventilators are used in hospitals or clinics to boost the quality of air. In addition, the continuous development smart technology that enables monitoring and controlling in real time increases their demand because consumers look for products that provide health, comfort, and quality of life with focus on sustainability.
Comprehensive Analysis Thermo Ventilators Market
The thermo ventilators market is analyzed by product type, end user and geographical location. Based on product type, it comprises wall-mounted, window-mounted, ceiling-mounted, portable ventilators, best suited to a particular space demand and ventilation. Market segmentation classification in terms of use distinguishes between industrial and residential markets. Large clients like hospitals, offices or malls need large number of high performance air conditioning units while residential sector aims at small, energy star products. Examining end-use markets by regions such as North America, Europe, and Asia-Pacific, regional segmentation focuses on demand dynamics; it might increase because of higher health awareness and an urbanized population.
North America holds the largest market for thermo ventilators due to increased understanding of the quality of air a person breathes in any given environment. The increased pressure of buying new products and focus on infrastructure have led to high demand in healthcare region along with high standing air quality standards in commercial as well as residential sectors. Further, the acceptance of innovative technology in the application of smart and energy-efficient ventilators has been common in the U.S and Canada. An enhanced need for comfort across the globe to control climate also leads to development, and as construction enriches urban structures more, it encourages the market growth.
Key players in this sector include Siemens (Munich, Germany), Whirlpool (Michigan, the U.S.), Panasonic (Osaka, Japan), Fujitsu General (Kanagawa, Japan), Mitsubishi Electric (Tokyo, Japan), Aereco (Marne-la-Vallée, France), Honeywell International (North Carolina, the U.S.), Sauter AG (Basel-Stadt, Switzerland), Johnson Controls (Cork, Ireland), Lennox International (Texas, the U.S.), Vaisala (Vantaa, Finland)
A major trend beginning in 2024 is smart AI thermo ventilators, wall-mounted effective solutions for interior climate quality improvements. These new models include revenant sensors that control the ventilation system depending on the current air quality so that it has proper airflow as well as energy consumption. Some models are part of Smart Home technologies today as they can be managed and controlled from a smartphone or tablet. This innovation addresses increasing consumer appetite for environmentally friendly and smart products even more in urban environments where both the quality of atmosphere and the use of space are valued.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2019-2030
Base Year
2022
Estimated Year
2023
Forecast Period
2023-2030
Historical Period
2019-2021
Growth Rate
CAGR of 6.1% from 2023 to 2030
Unit
Value (USD million)
Segmentation
By Product Type, End-User, and Region
Segmentation
By Product Type
Rolling Flat Dies
Thread Rolling Cylindrical Dies
Rotary Type Thread Rolling Dies
Rack Type Rolling Dies
Trimming Dies
Round Dies
Others (Drill Point Dies)
By End-User
Automotive
White Goods
Medical
Cutlery
Consumer Electronics
General Engineering
Others (Marine)
By Region
North America (By Product Type, End-User and Country)
- U.S.
- Canada
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- BENELUX
- Nordics
- Rest of Europe
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
- Israel
- Turkey
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
- Brazil
- Argentina
- Rest of South America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Product Types
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19 on Thermo Ventilators Market
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Forces Analysis
- 4.4. Global Thermo Ventilators Market Share Analysis and Matrix, 2020
- 5. Key Market Insights and Strategic Recommendations
- 6. Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
- 6.1.1. Key Management
- 6.1.2. Headquarters etc.
- 6.2. Offerings/Business Segments
- 6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 6.3.1. Employee Size
- 6.3.2. Past and Current Revenue
- 6.3.3. Geographical Share
- 6.3.4. Business Segment Share
- 6.4. Recent Developments
- 7. Primary Interview Responses
- 8. Annexure / Appendix
- 8.1. Global Thermo Ventilators Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.1.1. By Product Type (Value)
- 8.1.1.1. Window Mounted
- 8.1.1.2. Wall Mounted
- 8.1.1.3. Ceiling Mounted
- 8.1.1.4. Portable
- 8.1.2. By End-Use (Value)
- 8.1.2.1. Commercial
- 8.1.2.2. Residential
- 8.1.3. By Geography (Value)
- 8.1.3.1. North America
- 8.1.3.2. Europe
- 8.1.3.3. Asia Pacific
- 8.1.3.4. Middle East and Africa
- 8.1.3.5. South America
- 8.2. North America Thermo Ventilators Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.2.1. By Product Type (Value)
- 8.2.1.1. Window Mounted
- 8.2.1.2. Wall Mounted
- 8.2.1.3. Ceiling Mounted
- 8.2.1.4. Portable
- 8.2.2. By End-Use (Value)
- 8.2.2.1. Commercial
- 8.2.2.2. Residential
- 8.2.2.3. Domestic
- 8.2.3. By Country (Value)
- 8.2.3.1. United States
- 8.2.3.1.1. By Product Type
- 8.2.3.1.1.1. Window Mounted
- 8.2.3.1.1.2. Wall Mounted
- 8.2.3.1.1.3. Ceiling Mounted
- 8.2.3.1.1.4. Portable
- 8.2.3.2. Canada
- 8.2.3.2.1. By Product Type
- 8.2.3.2.1.1. Window Mounted
- 8.2.3.2.1.2. Wall Mounted
- 8.2.3.2.1.3. Ceiling Mounted
- 8.2.3.2.1.4. Portable
- 8.2.3.3. Mexico
- 8.2.3.3.1. By Product Type
- 8.2.3.3.1.1. Window Mounted
- 8.2.3.3.1.2. Wall Mounted
- 8.2.3.3.1.3. Ceiling Mounted
- 8.2.3.3.1.4. Portable
- 8.3. Europe Thermo Ventilators Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.3.1. By Product Type (Value)
- 8.3.1.1. Window Mounted
- 8.3.1.2. Wall Mounted
- 8.3.1.3. Ceiling Mounted
- 8.3.1.4. Portable
- 8.3.2. By End-Use (Value)
- 8.3.2.1. Commercial
- 8.3.2.2. Residential
- 8.3.3. By Country (Value)
- 8.3.3.1. The U. K.
- 8.3.3.1.1. By Product Type
- 8.3.3.1.1.1. Window Mounted
- 8.3.3.1.1.2. Wall Mounted
- 8.3.3.1.1.3. Ceiling Mounted
- 8.3.3.1.1.4. Portable
- 8.3.3.2. Germany
- 8.3.3.2.1. By Product Type
- 8.3.3.2.1.1. Window Mounted
- 8.3.3.2.1.2. Wall Mounted
- 8.3.3.2.1.3. Ceiling Mounted
- 8.3.3.2.1.4. Portable
- 8.3.3.3. France
- 8.3.3.3.1. By Product Type
- 8.3.3.3.1.1. Window Mounted
- 8.3.3.3.1.2. Wall Mounted
- 8.3.3.3.1.3. Ceiling Mounted
- 8.3.3.3.1.4. Portable
- 8.3.3.4. Italy
- 8.3.3.4.1. By Product Type
- 8.3.3.4.1.1. Window Mounted
- 8.3.3.4.1.2. Wall Mounted
- 8.3.3.4.1.3. Ceiling Mounted
- 8.3.3.4.1.4. Portable
- 8.3.3.5. Spain
- 8.3.3.5.1. By Product Type
- 8.3.3.5.1.1. Window Mounted
- 8.3.3.5.1.2. Wall Mounted
- 8.3.3.5.1.3. Ceiling Mounted
- 8.3.3.5.1.4. Portable
- 8.3.3.6. Russia
- 8.3.3.6.1. By Product Type
- 8.3.3.6.1.1. Window Mounted
- 8.3.3.6.1.2. Wall Mounted
- 8.3.3.6.1.3. Ceiling Mounted
- 8.3.3.6.1.4. Portable
- 8.3.3.7. BENELUX
- 8.3.3.7.1. By Product Type
- 8.3.3.7.1.1. Window Mounted
- 8.3.3.7.1.2. Wall Mounted
- 8.3.3.7.1.3. Ceiling Mounted
- 8.3.3.7.1.4. Portable
- 8.3.3.8. Nordics
- 8.3.3.8.1. By Product Type
- 8.3.3.8.1.1. Window Mounted
- 8.3.3.8.1.2. Wall Mounted
- 8.3.3.8.1.3. Ceiling Mounted
- 8.3.3.8.1.4. Portable
- 8.3.3.9. Rest of Europe
- 8.4. Asia Pacific Thermo Ventilators Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.4.1. By Product Type (Value)
- 8.4.1.1. Window Mounted
- 8.4.1.2. Wall Mounted
- 8.4.1.3. Ceiling Mounted
- 8.4.1.4. Portable
- 8.4.2. By End-Use (Value)
- 8.4.2.1. Commercial
- 8.4.2.2. Residential
- 8.4.3. By Country (Value)
- 8.4.3.1. China
- 8.4.3.1.1. By Product Type
- 8.4.3.1.1.1. Window Mounted
- 8.4.3.1.1.2. Wall Mounted
- 8.4.3.1.1.3. Ceiling Mounted
- 8.4.3.1.1.4. Portable
- 8.4.3.1.2. India
- 8.4.3.1.3. By Product Type
- 8.4.3.1.3.1. Window Mounted
- 8.4.3.1.3.2. Wall Mounted
- 8.4.3.1.3.3. Ceiling Mounted
- 8.4.3.1.3.4. Portable
- 8.4.3.2. Japan
- 8.4.3.2.1. By Product Type
- 8.4.3.2.1.1. Window Mounted
- 8.4.3.2.1.2. Wall Mounted
- 8.4.3.2.1.3. Ceiling Mounted
- 8.4.3.2.1.4. Portable
- 8.4.3.3. South Korea
- 8.4.3.3.1. By Product Type
- 8.4.3.3.1.1. Window Mounted
- 8.4.3.3.1.2. Wall Mounted
- 8.4.3.3.1.3. Ceiling Mounted
- 8.4.3.3.1.4. Portable
- 8.4.3.4. ASEAN
- 8.4.3.4.1. By Product Type
- 8.4.3.4.1.1. Window Mounted
- 8.4.3.4.1.2. Wall Mounted
- 8.4.3.4.1.3. Ceiling Mounted
- 8.4.3.4.1.4. Portable
- 8.4.3.5. Australia
- 8.4.3.5.1. By Product Type
- 8.4.3.5.1.1. Window Mounted
- 8.4.3.5.1.2. Wall Mounted
- 8.4.3.5.1.3. Ceiling Mounted
- 8.4.3.5.1.4. Portable
- 8.4.3.6. Rest of Asia Pacific
- 8.5. Middle East & Africa Thermo Ventilators Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.5.1. By Product Type (Value)
- 8.5.1.1. Window Mounted
- 8.5.1.2. Wall Mounted
- 8.5.1.3. Ceiling Mounted
- 8.5.1.4. Portable
- 8.5.2. By End-Use (Value)
- 8.5.2.1. Commercial
- 8.5.2.2. Residential
- 8.5.3. By Country (Value)
- 8.5.3.1. GCC Countries
- 8.5.3.1.1. By Product Type
- 8.5.3.1.1.1. Window Mounted
- 8.5.3.1.1.2. Wall Mounted
- 8.5.3.1.1.3. Ceiling Mounted
- 8.5.3.1.1.4. Portable
- 8.5.3.2. South Africa
- 8.5.3.2.1. By Product Type
- 8.5.3.2.1.1. Window Mounted
- 8.5.3.2.1.2. Wall Mounted
- 8.5.3.2.1.3. Ceiling Mounted
- 8.5.3.2.1.4. Portable
- 8.5.3.3. Rest of Middle East and Africa
- 8.6. South America Thermo Ventilators Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.6.1. By Product Type (Value)
- 8.6.1.1. Window Mounted
- 8.6.1.2. Wall Mounted
- 8.6.1.3. Ceiling Mounted
- 8.6.1.4. Portable
- 8.6.2. By End-Use (Value)
- 8.6.2.1. Commercial
- 8.6.2.2. Residential
- 8.6.3. By Country (Value)
- 8.6.3.1. Brazil
- 8.6.3.1.1. By Product Type
- 8.6.3.1.1.1. Window Mounted
- 8.6.3.1.1.2. Wall Mounted
- 8.6.3.1.1.3. Ceiling Mounted
- 8.6.3.1.1.4. Portable
- 8.6.3.1.2. Argentina
- 8.6.3.1.3. By Product Type
- 8.6.3.1.3.1. Window Mounted
- 8.6.3.1.3.2. Wall Mounted
- 8.6.3.1.3.3. Ceiling Mounted
- 8.6.3.1.3.4. Portable
- 8.6.3.1.4. Colombia
- 8.6.3.1.5. By Product Type
- 8.6.3.1.5.1. Window Mounted
- 8.6.3.1.5.2. Wall Mounted
- 8.6.3.1.5.3. Ceiling Mounted
- 8.6.3.1.5.4. Portable
- 8.6.3.1.6. Rest of South America
- 9. 9.List of some of the companies (to name a few and not limited to) considered in the scope for understanding the market ecosystem/value chain.
- 10. (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies would be profile in the scope. However, at the same, we are open to profile additional company(s) on specific request)
- 11. Siemens
- 12. Whirlpool
- 13. Panasonic
- 14. Fujitsu General
- 15. Mitsubishi Electric
- 16. Aereco
- 17. Honeywell International
- 18. Sauter AG
- 19. Lennox International
- 20. Vaisala
- 21. Swegon Group AB
- 22. HIMPEL
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