NEW YORK -
May 12, 2025 -
PRLog -- According to the latest market research study published by P&S Intelligence, the Australian ventilation products market is poised for significant growth, with its value projected to reach USD 682.5 million in 2024 and further expand to USD 1,003.9 million by 2030, advancing at a CAGR of 6.6% during the forecast period.
This upward trajectory is primarily driven by the increasing number of commercial and residential construction projects across the country. For instance, in the first quarter of June 2024, the construction of 39,715 residential units commenced, marking a 0.5% rise from the last quarter of 2023. The value of work done in the residential sector was around USD 14 billion. Additionally, growing awareness of the health and environmental impacts of poor indoor air quality has led to a heightened demand for advanced ventilation solutions. The preference for decentralized ventilation systems is also contributing to market expansion.
Key Insights
End-Use Segmentation:
- The commercial sector holds the largest share in the Australian ventilation products market, driven by the proliferation of commercial establishments such as malls, hotels, hospitals, and shopping complexes.
- The residential sector is the fastest-growing end-user category, attributed to the surge in residential construction projects and increasing consumer awareness of indoor air quality.
Regional Trends:
- Urban centers like Melbourne, Sydney, Perth, Adelaide, Brisbane, Darwin, and Hobart are experiencing significant demand for ventilation products, owing to rapid urbanization and infrastructure development.
- These cities are witnessing a rise in the construction of corporate offices and business parks, necessitating advanced ventilation solutions.
Browse detailed report analysis on "Australia Ventilation Products Market Growth and Forecast Report, 2030 (https://www.psmarketresearch.com/market-analysis/australi...)"
Technological Advancements:
- The market is witnessing a shift towards decentralized ventilation systems, which offer improved energy efficiency and better control over indoor air quality.
- Manufacturers are focusing on developing energy-efficient ventilation products to meet the growing demand for sustainable building solutions.
Competitive Landscape:
- The Australian ventilation products market is fragmented, with numerous players offering a diverse range of products.
- Companies are investing in research and development to innovate and introduce advanced ventilation solutions that cater to the evolving needs of consumers.
Emerging Opportunities:
- The increasing emphasis on green and smart buildings presents significant growth opportunities for ventilation product manufacturers.
Government regulations aimed at improving energy efficiency and indoor air quality are expected to drive the adoption of advanced ventilation systems.