Global Smart Vent Market Is Expected To Reach Around USD 12,960 Million By 2026

23-Aug-2019 | Zion Market Research

Zion Market Research has published a new report titled “Smart Vent Market By End-Use (Residential and Commercial) and By Installation (Floor, Ceiling, and Wall): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global smart vent market was USD 5,194 million in 2018 and is expected to reach around USD 12,960 million by 2026, growing at a rate of 12.1% between 2019 and 2026.

A ventilation system that operates on the basis of room temperature preference of an individual is called a smart ventilation system. Smart vents are integrated with temperature and pressure sensors, for maintaining a balance between under-conditioned and over-conditioned rooms. In smart vents, complete ventilation procedure is controlled by smart electronic devices, such as smartphones and tablets. The main motive of a smart vent is to decrease energy usage and overall expense as compared to continuously operating simple ventilation systems without compromising the indoor air quality (IAQ).

Browse the full “Smart Vent Market By End-Use (Residential and Commercial) and By Installation (Floor, Ceiling, and Wall): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/smart-vent-market

Global Smart Vent Market

Air quality in and around a building is termed as Indoor Air Quality (IAQ). Comfort and health of a building's occupants rely on the IAQ eventually. The globally rising concerns of maintaining healthy IAQ to control health issues are fueling the smart vent market. Smart vents effectively enhance the natural air infiltration to prevent various health problems. Moreover, a smart ventilation system provides both qualitative and quantitative data required for demonstrating procedures that maintain the overall IAQ. Smart vents attenuate radon particle and prevent smoke entry at a reasonable cost. The global adoption of smart vents is rising to reduce health costs in airtight infrastructure with inadequate ventilation systems. Low awareness of various benefits offered by smart ventilation systems, such as reduced energy consumption, improvisation of IAQ (Indoor Air Quality), may restrain the smart vent market. Many developing economies are unaware of the importance of smart vents and are still relying on traditional ventilation methods. However, such traditional approaches are observed to be ineffective in the current scenario and are leading to severe health issues. Various emerging localities are unaware that smart vents are not only user-friendly with multiple customized options but also significantly help in lowering different respiratory health issues by maintaining an optimum IAQ level.

By end-use, the smart vent market includes residential and commercial. The residential segment is projected to hold the largest market share and grow at the fastest rate over the estimated time span. By installation, the market is divided into floor, ceiling, and wall. The wall segment is projected to hold the largest share and the ceiling segment is anticipated to grow at the fastest rate over the forecast time period.

Geographically, the Asia Pacific is anticipated to hold the largest share of the smart vent market, owing to the flourishing building automation industry and rising environmental concerns in the region. North America holds the second-highest share of the smart vent market globally, with the U.S. holding the maximum market share due to the developing smart home construction sector.

Some noticeable players in the smart vent market are CSR Electrical, DCI Products, Ecovent Systems, Enerbee, Flair, IPS Roofing Products, Keen Home, Nest Labs, Rowan Dron Electrical, and San Mao Technology.

This report segments the global smart vent market into:

Global Smart Vent Market: By End-Use

  • Residential
  • Commercial

Global Smart Vent Market: By Installation

  • Floor
  • Ceiling
  • Wall

Global Smart Vent Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com