Artificial Intelligence
Ventilation System Global Market Report 2023: Featuring Panasonic, Daikin Industries, Carrier, Mitsubishi Electric & LG Electronics
Dublin, June 09, 2023 (GLOBE NEWSWIRE) — The “Ventilation System Global Market Opportunities And Strategies To 2032” report has been added to ResearchAndMarkets.com’s offering.
The global ventilation system market reached a value of nearly $28,487.6 million in 2022, having grown at a compound annual growth rate (CAGR) of 9.0% since 2017. The market is expected to grow from $28,487.6 million in 2022 to $42,699.4 million in 2027 at a rate of 8.4%. The market is then expected to grow at a CAGR of 10.9% from 2027 and reach $71,544.4 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, boost in construction spending, supportive government initiatives and an increase in infrastructure investment.
Going forward, a rise in concerns regarding air quality, rising urbanization and growth of residential buildings will drive the growth. Factors that could hinder the growth of the ventilation system market in the future include a shortage of skilled workforce.
The ventilation system market is segmented by product into axial and centrifugal fans, recovery ventilation systems and other products. The recovery ventilation systems market was the largest segment of the ventilation system market segmented by product, accounting for 49.1% of the total in 2022. Going forward, the axial and centrifugal fans segment is expected to be the fastest growing segment in the ventilation system market segmented by product, at a CAGR of 8.7% during 2022-2027.
The ventilation system market is segmented by type into wall-mount type, ceiling-mount type and cabinet-mount type. The ceiling-mount type market was the largest segment of the ventilation system market segmented by type, accounting for 48.2% of the total in 2022. Going forward, the ceiling-mount type segment is expected to be the fastest growing segment in the ventilation system market segmented by type, at a CAGR of 8.7% during 2022-2027.
The ventilation system market is segmented by application into residential and non-residential. The non-residential market was the largest segment of the ventilation system market segmented by application, accounting for 61.9% of the total in 2022. Going forward, the non-residential segment is expected to be the fastest growing segment in the ventilation system market segmented by application, at a CAGR of 8.7% during 2022-2027.
Asia Pacific was the largest region in the ventilation system market, accounting for 47.1% of the total in 2022. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the ventilation system market will be South America and Asia Pacific where growth will be at CAGRs of 9.2% and 9.0% respectively. These will be followed by Middle East and Africa where the markets are expected to grow at CAGRs of 8.6% and 8.5% respectively.
The ventilation system market is fragmented, with a large number of small players. The top ten competitors in the market made up to 26.85% of the total market in 2021. Panasonic was the largest competitor with 6.33% share of the market, followed by Daikin Industries Ltd with 4.91%, Carrier with 3.82%, Mitsubishi Electric with 3.18%, LG Electronics with 2.83%, Midea Group Co., Ltd. with 2.59%, Johnson Controls with 1.44%, Twin City Fan and Blower with 0.71%, Greenheck Fan Corporation with 0.55%, and Honeywell International Inc. with 0.50%.
The top opportunities in the ventilation system market segmented by product will arise in the recovery ventilation systems segment, which will gain $6,823.6 million of global annual sales by 2027. The top opportunities in the ventilation system market segmented by type will arise in the ceiling-mount type segment, which will gain $7,073.8 million of global annual sales by 2027. The top opportunities in the ventilation system market segmented by application will arise in the non-residential segment, which will gain $9,117.1 million of global annual sales by 2027. The ventilation system market size will gain the most in China at $4,180.1 million.
Market-trend-based strategies for the ventilation system market include focus on company expansion, net zero emissions, partnerships and collaborations, developing innovative products, investing in technologies such as artificial intelligence (AI) and mergers and acquisitions.
Player-adopted strategies in the ventilation system market include focus on providing comfortable and healthy indoor environments for customers through business expansions, enhancing product offering for commercial and industrial customers through strategic acquisitions and enhancing business operations through the launch of new products.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.
The report covers the following chapters:
- Introduction and Market Characteristics
Brief introduction to the segmentations covered in the market, definitions and explanations about the ventilation system market.
- Key Trends
Highlights the major trends shaping the global ventilation system market. This section also highlights likely future developments in the market.
- Global Market Size and Growth
Global historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis
Historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values and growth and market share comparison by region.
- Market Segmentation
Contains the market values (2017-2032) and analysis for each segment by product, by type and by application in the market.
- Regional Market Size and Growth
Regional market size (2022), historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape
Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions
Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies
Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations
This section includes recommendations for ventilation system providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 291 |
| Forecast Period | 2021 – 2031 |
| Estimated Market Value (USD) in 2021 | $28487.6 Million |
| Forecasted Market Value (USD) by 2031 | $71544.4 Million |
| Compound Annual Growth Rate | 9.6% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Panasonic
- Daikin Industries Ltd
- Carrier
- Mitsubishi Electric
- LG Electronics
For more information about this report visit https://www.researchandmarkets.com/r/cqfhij
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
Photo – https://mma.prnewswire.com/media/2518604/Changzhou.jpg
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-e-chinas-changzhou-city-unveils-investment-opportunities-in-sectors-of-new-productive-forces-for-global-investors-302261868.html
Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
View original content:https://www.prnewswire.co.uk/news-releases/cgtn-china-honors-individuals-with-highest-awards-in-celebration-of-75th-national-day-302261867.html
HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
Photo – https://mma.prnewswire.com/media/2518470/image_5022684_18905906.jpg Photo – https://mma.prnewswire.com/media/2518471/1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kazakhstan-government-delegation-visited-supcon-302261857.html
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