June 10, 2020
Solar Ventilation Report 2020-2030 | Top Manufacturers, Types and Applications
Solar Ventilation Market: Introduction
A ventilation system comprises of a fan or ventilator to inhale fresh air from the surroundings and, at the same time, to exhale the hot air to the outside.
Key Drivers of Global Solar Ventilation Market
- Surge in the demand for cost-effective, reliable, and eco-friendly ventilation systems to reduce heat in residential and commercial buildings is likely to drive the global solar ventilation market during the forecast period. Solar ventilator systems utilize solar energy to drive fans and therefor, require no external electric input.
- Recently, renewable energy sources have witnessed significant growth in adoption in residential and commercial establishments, primarily in Europe and North America. 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, which are typically used to maintain the temperature of rooms in houses and office buildings. Technological advancements in solar panels with respect to design specifications and other developments, such as thin film technology and solar tracking mounts, have taken this technology to the next level, which is anticipated to augment the adoption of solar ventilation systems in the next few years.
- Stringent regulations to reduce carbon emissions along with increase in efforts to reduce dependence on fossil fuel by enhancing the utilization of renewable sources is also expected to propel the global solar ventilation market during the forecast period. Regulators have introduced several directives and regulations to attain renewable targets and thereby, minimize carbon emissions. For instance, policymaker across the European Union have aimed to reduce greenhouse gas emissions by 20% by 2020 from the 1990 levels, enhancing the utilization of clean fuel.
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Residential Type Segment Expected to Hold a Major Share of Global Solar Ventilation Market
- The global solar ventilation market can be segmented based on mounting type, application, and region
- In terms of mounting type, the global solar ventilation market can be divided into roof mount and others. Roof mount is one of the most extensively used solar ventilation systems and it requires low maintenance. Increase in the demand to improve air quality in residential establishments is expected to boost the demand for roof mount solar ventilation systems during the forecast period.
- Based on application, the global solar ventilation market can be divided into residential, commercial, and industrial. Increase in investments in construction of multi- and single-housing units is expected to fuel the residential segment of the global solar ventilation market during the forecast period.
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Key Players Operating in Global Solar Ventilation Market
Leading companies operating in the global solar ventilation market are:
- Solana Tec
- Solatube International Inc.
- Solar Royal LLC
- Titus HVAC
- Vents (Blauberg Group)
- Air Vent, Inc.
- Broan, Inc.
- Active Ventilation Products, Inc.