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.
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The comprehensive market study on solar ventilation systems concentrates on both macroeconomic and microeconomic factors that support market growth. The regulatory environment that is influencing the future of the global market is another major focus of the study. The study report also mentions the global market’s forthcoming investment opportunities, emerging application areas, and pricing structure that is both current and prevalent.
An extensive analysis of the general vendor landscape is also provided in the research report on the global market for solar ventilation systems. The main marketing and advertising tactics used by the top businesses in the world market are analysed in the report.
- Solatube International Inc.
- Solar Royal LLC
- Titus HVAC
- Air Vent, Inc.
- Attic Breeze LLC
- Broan, Inc.
- Active Ventilation Products, Inc.
- Ventamatic, Ltd.
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.
For instance :
- Researchers at the Kaunas University of Technology (KTU) Startup Space are in process of developing an energetically-efficient, yet silent solar ventilation system – Oxygen – that can retain heat up to 89%.
- Solar Royal introduced SR1800 series solar ventilation systems that offer both, functionality and aesthetics. These have a low-profile design that gives an immaculate look to rooftops, irrespective of installation location.
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Key Segments Covered in Solar Ventilation Systems Industry Research
- by Mounting Type :
- by Output Power :
- Less than 10 Watts
- 10 Watts – 20 Watts
- More than 20 Watts
- Market by Application :
- by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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“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.
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