Australia Ventilation Products Market Analysis and Forecast, 2019-2028

Introduction

Ventilation products are essential in the building and construction industry to ensure healthy indoor air quality and to maintain a comfortable living environment. In recent years, the Australian ventilation products market has seen significant growth, driven by the country’s rapidly growing construction industry and the increasing awareness of indoor air quality.

The Australian ventilation products market is estimated to reach a value of US$ 3.8 billion by 2023, growing at a CAGR of 5.2% from 2019 to 2023. The residential sector is expected to be the largest end-user of ventilation products in the country, accounting for over 50% of the total demand. The increasing construction of green buildings, which are designed to provide high indoor air quality, is also contributing to the growth of the market.

Market Dynamics

The Australian ventilation products market is expected to grow significantly in the coming years, driven by the country’s rapidly growing construction industry and the increasing awareness of indoor air quality. The market players are focusing on expanding their product portfolio and improving their distribution network to increase their market share. The increasing demand for energy-efficient ventilation products and the growing demand for green buildings is expected to provide significant growth opportunities for the market players in the coming years.

Opportunities and Challenges

The increasing focus on energy-efficient ventilation products, driven by the need to reduce energy consumption, is a key opportunity for the market players. The growing demand for green buildings and the increasing awareness of indoor air quality are also expected to drive the market in the coming years. However, the high cost of ventilation products, particularly in the residential sector, is a major challenge for the market players.

Market Segments

The Australian ventilation products market can be segmented into product type, end-user, and geography. Based on product type, the market is segmented into fans, air handling units, air distribution products, and others. The fans segment is expected to hold the largest market share, due to their widespread use in residential and commercial buildings. Based on end-user, the market is segmented into residential, commercial, and industrial.

Competitive Landscape

The Australian ventilation products market is highly competitive, with the presence of several large and small local and international players. Key players operating in the market include Swegon, Twin City Fan Companies, Inc., Systemair AB, and Greenheck Fan Corporation. These players are focusing on expanding their product portfolio, improving their distribution network, and enhancing their brand image to increase their market share.

Regional Breakdown in the Market Report

• By Region
  • Australia
    • Western Australia
    • Southern Australia
    • Eastern Australia
    • Northern and Central Australia

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs

Why Buy this Report?

The report is intended for service providers, manufacturers, industry stakeholders, government organizations, marketing departments, R&D professionals, insurance organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.