Analysis of Solar Ventilation Systems market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global solar ventilation systems market has reached a valuation of US$ 1.31 billion in 2022. Worldwide demand for solar ventilation systems is projected to increase at a CAGR of 4.6% and attain a market valuation of US$ 2.05 billion by 2032.
Increased housing development investments are anticipated to drive demand for solar ventilation systems in the residential sector across the world.
Solar Ventilation Systems Market Size (2022E)
US$ 1.31 Billion
Forecasted Market Value (2032F)
US$ 2.05 Billion
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
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“Rising Adoption of Solar Ventilation Systems in Residential & Commercial Buildings”
According to Fact.MR, a market research and competitive intelligence provider, the consumption of solar ventilation systems is anticipated to rise at a CAGR of 4.6% from 2022 to 2032.
The global solar ventilation systems market is foretold to expand on the back of the rising focus on smart cities and various elements required for their construction. Solar ventilation systems are installed in both residential and commercial buildings, which indicates a wider scope of their application.
Government subsidies are expected to benefit both manufacturers and consumers of solar ventilation systems. Solar ventilation systems are projected to see a massive rise in their demand because of rising awareness about renewable energy sources.
In terms of building facilities and design, residential and commercial structures have undergone a significant transformation, which could create a new level of demand in the global solar ventilation systems market. The rise in construction activities in developing economies as a result of the rising rate of urbanization is prophesied to bode well for the market.
“Growing Awareness Regarding Use of Renewable Energy Sources”
Given the depleting resources on earth, the demand for renewable sources of energy is increasing. Clean forms of energy, such as solar power, are being harnessed for various residential as well as commercial uses. This has significantly fueled the demand for solar ventilation systems that are typically used to maintain the temperature of rooms in office buildings and houses.
Solar ventilation system usage is anticipated to increase as a result of the advancement of thin-film technology, solar tracking devices, and solar backsheet development about design parameters.
Consumers are cognizant of solar technology. With the growing awareness rate among consumers, especially in emerging economies of China and India and the United States, and countries in Europe, the future of solar technology holds high potential.
This is expected to further the sales of solar ventilation systems, despite high initial costs. With a change in consumer thinking about short-term cost challenges and looking forward to long-term benefits, the adoption of solar ventilation systems is expected to spur over the coming years.
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“Start-ups Focusing on Investments in R&D and Effective Marketing Strategies”
The market is expanding rapidly as a result of new businesses strengthening solar ventilation system services. They are working to create and release fresh solutions in the market. New companies in the market are increasing their annual R&D spending and making large investments in R&D infrastructure.
Start-ups should put effective marketing strategies into place to market their goods and build their reputation and brand name on a worldwide scale. Increased popularity and recognition are anticipated to assist manufacturers in modestly boosting the price of their goods while also assisting vendors in ensuring the dependability of their goods, improving the perception of trustworthy brands in this industry.
“Rising Urbanization, Growing Popularity of Solar Systems, and Emergence of Smart Cities Driving Market Expansion in North America & Europe”
North America leading with 26.4% share of the global solar ventilation systems market. The increasing rate of urbanization in North America has accelerated construction activities. The construction sector has witnessed a steady rise in past years.
Both residential and commercial buildings have undergone drastic modifications in terms of building design and facilities. With increasing awareness regarding the use of renewable energy sources, the popularity of solar testing equipment is reaching greater heights in North America.
This is expected to aid the growth of the global solar ventilation systems market in the region, as almost every residential and commercial building has additional space for solar assemblies and people are preferring to install solar ventilation systems on their rooftops.
Technological advancements in ventilation system design and rising investments in the infrastructure development for residential structures driving the market growth in the U.S.
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.
“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.
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Solar ventilation system manufacturers are focusing on consolidating their position in the market by investing in technological innovations. With such developments in place, the future of solar ventilation systems is expected to take an upward flight with the market soaring across regions of the world.
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The solar ventilation systems market stands at US$ 1.31 billion.
Sales of solar ventilation systems are expected to rise at 4.6% CAGR.
China accounts for 12.3% of the global market share
By 2032, the market is expected to reach US$ 2.05 billion.
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