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Smart Vent Market - Global Industry Analysis

Smart Vent Market by End-Use (Residential, Commercial), by Installation (Floor, Ceiling, Wall): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 27-Sep-2021 Category: Technology & Media Report Format : PDF Pages: 178 Report Code: ZMR-4616 Status : Published

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.

Description

Market Overview

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).

Global Smart Vent Market Size

COVID-19 Impact Analysis

The COVID-19 pandemic has affected the sales of modern smart vent worldwide. Residential sector is the most influenced industry after the commercial industry because of the spread of COVID-19. Due to slow down in the construction industry, and now due to lockdown due to COVID-19 has made further problems for the smart vent business.

Growth Factors

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.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

End-Use Segment Analysis Preview

The global smart vent market is further sub segmented as residential and commercial. Residential contributes about 65% of the total market share for smart vent market.

Global Smart Vent Market Share

Installation Segment Analysis Preview

Globally Installation segment is further sub segmented as Floor, Ceiling, and Wall.

Regional Analysis Preview

The North American smart vent market is mainly driven by the rising applications of smart HVAC in residential and commercial sectors. The region’s cold climate is getting colder with every passing year due to global warming. A smart HVAC system in North American countries is mainly utilized for warming the room to optimum temperature. Smart ventilation for ceilings is widely opted in the U.S., Canada, and Mexico for warming house roofs. In October 2018, construction spending in the U.S. exceeded over USD 1.31 trillion. The flourishing construction industry is significantly fueling the smart vent market in the region. The U.S. will hold the largest market share, due to the developing smart home construction industry.

The Asia Pacific is a major smart vent market globally, due to the rising smart home constructions and building automation and global warming. Developing Asia Pacific economies of China and India are opting for technically-advanced and eco-friendly solutions like variable refrigerant flow technology. Furthermore, various government regulations, like the Indian Bureau of Energy Efficiency and Labeling Standards, have mandated builders to use smart HVAC devices in their infrastructural projects. Due to the growing global warming, governments of Asia Pacific countries are implementing strict rules for making overall ventilation systems more energy-efficient and eco-friendly along with reducing costs and energy consumption. China is projected to hold the largest smart vent market share, due to its flourishing building automation sector in the upcoming years.

The rising energy-efficient devices demand in European countries is driving the region’s smart vent market. European countries are opting for smart ventilation systems for warming their homes. Moreover, the smart vent market will generate lucrative opportunities in Europe over the forecast time period, owing to rising technological enhancements that have resulted in IoT integration with smart vents. Germany will dominate in this regional market, owing to the growing number of smart homes.

Key Market Players & Competitive Landscape

Some of key players in smart vent market are SR Electrical, DCI Products, Ecovent Systems, Enerbee, Flair, IPS Roofing Products, Keen Home (ConnectM Technology), Nest Labs, Rowan, Dron Electrical, San Mao Technology, and among others

July 2019, ConnectM Technology Solutions acquired Keen Home.

April 2020, Flair Smart Vent and Honeywell Home started working in smart vent new technologies. 

The global smart vent market is segmented as follows:

By End-Use

  • Residential
  • Commercial

By Installation

  • Floor
  • Ceiling
  • Wall

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By End-Use
        • 2.1.1.2. Market Attractiveness Analysis, By Installation
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Smart Vent Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Smart Vent Market – End-Use Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By End-Use, 2020 & 2028
    • 4.2. Residential
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Commercial
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Smart Vent Market – Installation Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Installation, 2020 & 2028
    • 5.2. Floor
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Ceiling
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Wall
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Smart Vent Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By End-Use, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Installation, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By End-Use, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Installation, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By End-Use, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Installation, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By End-Use, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Installation, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By End-Use, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Installation, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By End-Use, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Installation, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By End-Use, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Installation, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By End-Use, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Installation, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By End-Use, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Installation, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By End-Use, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Installation, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By End-Use, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Installation, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By End-Use, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Installation, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By End-Use, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Installation, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By End-Use, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Installation, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By End-Use, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Installation, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By End-Use, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Installation, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By End-Use, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Installation, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By End-Use, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Installation, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By End-Use, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Installation, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By End-Use, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Installation, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By End-Use, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Installation, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By End-Use, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Installation, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By End-Use, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Installation, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By End-Use, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Installation, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By End-Use, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Installation, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By End-Use, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Installation, 2016 – 2028
  • Chapter No. 7 Smart Vent Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Smart Vent Market: Company Market Share, 2019
      • 8.1.2. Global Smart Vent Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Smart Vent Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Smart Vent Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 Company Profiles
    • 9.1. SR Electrical
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. DCI Products
    • 9.3. Ecovent Systems
    • 9.4. Enerbee
    • 9.5. Flair
    • 9.6. IPS Roofing Products
    • 9.7. ConnectM Technology
    • 9.8. Nest Labs
    • 9.9. Rowan Dron Electrical
    • 9.10. San Mao Technology
  • Chapter No. 10 Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By End-Use
FIG NO. 2. Market Attractiveness Analysis, By Installation
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Smart Vent Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By End-Use, 2020 & 2028
FIG NO. 7. Global Smart Vent Market for Residential, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Smart Vent Market for Residential, By Country, 2020 & 2028
FIG NO. 9. Global Smart Vent Market for Commercial, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Smart Vent Market for Commercial, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Installation, 2020 & 2028
FIG NO. 12. Global Smart Vent Market for Floor, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Smart Vent Market for Floor, By Country, 2020 & 2028
FIG NO. 14. Global Smart Vent Market for Ceiling, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Smart Vent Market for Ceiling, By Country, 2020 & 2028
FIG NO. 16. Global Smart Vent Market for Wall, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Smart Vent Market for Wall, By Country, 2020 & 2028
FIG NO. 18. Global Smart Vent Market Revenue Share, By Region, 2020 & 2028
FIG NO. 19. North America Smart Vent Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 20. Porter’s Five Forces Analysis for Global Smart Vent Market
FIG NO. 21. PEST Analysis for Global Smart Vent Market
FIG NO. 22. Pricing Analysis for Global Smart Vent Market
FIG NO. 23. Value Chain Analysis for Global Smart Vent Market
FIG NO. 24. Company Share Analysis, 2019
FIG NO. 25. Radar Determinant Chart, 2019
FIG NO. 26. Company Strategic Developments – Heat Map Analysis
FIG NO. 27. SR Electrical Business Segment Revenue Share, 2020 (%)
FIG NO. 28. SR Electrical Geographical Segment Revenue Share, 2020 (%)
FIG NO. 29. Market Channels
FIG NO. 30. Marketing Channel Development Trend
FIG NO. 31. Growth in World Gross Product, 2008-2018
FIG NO. 32. Research Methodology – Detailed View
FIG NO. 33. Research Methodology
 


List of Tables

TABLE NO. 1. Global Smart Vent Market: Snapshot
TABLE NO. 2. Quarterly Smart Vent Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Smart Vent Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Smart Vent Market for Software, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Smart Vent Market for Service, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Smart Vent Market for Marketing, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Smart Vent Market for Operations, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Smart Vent Market for Finance, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Smart Vent Market for Human Resource, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Smart Vent Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Smart Vent Market for Manufacturing, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Smart Vent Market for Hospitality, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Smart Vent Market for BFSI, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Smart Vent Market for Retail, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Smart Vent Market for IT & Telecom, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Smart Vent Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 19. Global Smart Vent Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 20. North America Smart Vent Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 21. North America Smart Vent Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 22. North America Smart Vent Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. North America Smart Vent Market Revenue, By End Use Industry, 2016 – 2028 (USD Million)
TABLE NO. 24. U.S. Smart Vent Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 25. U.S. Smart Vent Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 26. U.S. Smart Vent Market Revenue, By End Use Industry, 2016 – 2028 (USD Million)
TABLE NO. 27. Canada Smart Vent Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 28. Canada Smart Vent Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 29. Canada Smart Vent Market Revenue, By End Use Industry, 2016 – 2028 (USD Million)
TABLE NO. 30. Mexico Smart Vent Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 31. Mexico Smart Vent Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 32. Mexico Smart Vent Market Revenue, By End Use Industry, 2016 – 2028 (USD Million)
TABLE NO. 33. Drivers for the Smart Vent Market: Impact Analysis
TABLE NO. 34. Restraints for the Smart Vent Market: Impact Analysis
TABLE NO. 35. Major Buyers of Smart Vent
TABLE NO. 36. Distributors/Traders List of Smart Vent
TABLE NO. 37. Global Smart Vent Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 38. Global Smart Vent Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 

Methodology

Free Analysis

The penetration rate of innovative technologies and smart devices in the consumer electronics sector is at an all-time rise worldwide. With constant technological enhancements, the number of connected devices is significantly increasing due to their high flexibility and mobility. Thus, the demand for technologically-advanced devices, such as smart vents in smart ventilation systems, is escalating worldwide. Smart vents are compact in size that can be easily installed on walls, floors, or ceilings in a house. These ventilation systems are extremely user-friendly and highly flexible.

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.

Global Smart Vent Market

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 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.

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FrequentlyAsked Questions

Smart Vent Market Increasing at a phenomenal Pace to Reach USD 30.55 Billion by 2028

Smart Vent Market Increasing at a phenomenal Pace to Reach USD 30.55 Billion by 2028

Some of the key factors driving the global smart vent market growth is the comfort and health of a building's occupants rely on the IAQ. The globally rising concerns of maintaining healthy IAQ to control health issues are fueling the smart vent market

The Asia Pacific is a major smart vent market globally, due to the rising smart home constructions and building automation and global warming. Developing Asia Pacific economies of China and India are opting for technically-advanced and eco-friendly solutions like variable refrigerant flow technology. China is projected to hold the largest smart vent market share, due to its flourishing building automation sector in the upcoming years.

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