(MENAFN- Ameliorate Digital Consultancy) Fact.MR, a supplier of market research and competitive data, projects that from 2022 to 2032, global demand for solar ventilation systems will grow at a CAGR of 4.6%. In 2022, the market for solar ventilation systems was valued at US$1.31 billion. By 2032, it is anticipated that the market will be worth US$2.05 billion.

The market for solar ventilation systems is anticipated to grow at an astounding rate during the forecast period as smart city construction accelerates. Complexes that are both business and residential need solar ventilation solutions. Additionally, there are government subsidies offered everywhere, benefiting both the end users and the system's makers.

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Competitive Strategies

Technological innovations are the cornerstone of the solar ventilation systems market.

• Researchers at the KTU (Kaunas University of Technology) Start-up Space are into development of an energy-efficient, but no noisy solar ventilation system known as“Oxygen”, which is capable of retaining heat by up to 89%.
• Solar Royal did introduce SR1800 series solar ventilation systems, which do provide aesthetics as well as functionality. They come with low-profile design, thereby imparting an appropriate look to the rooftops – let location be any.

Key pioneers

• Solatube International Inc.
• Solar Royal LLC
• Titus HVAC
• Air Vent, Inc.
• Attic Breeze LLC
• Broan, Inc.
• Active Ventilation Products, Inc.
• Ventamatic Ltd.

Upshots from Solar Ventilation Systems Market

• North America contributes for 26.4% of the overall revenue.
• Europe accounts for 21.7% of the market share.
• Call for more usage of renewable sources of energy to keep up the momentum for solar ventilation systems
• More number of start-ups to come up looking at the long-term advantages
• Roof-mounted solar ventilation systems to be in greater demand in the forecast period in the wake of need to enhance quality of air in residential buildings

Industry Survey

• by Mounting Type :
  • Gable-mounted Solar Ventilation Systems
  • Roof-mounted Solar Ventilation Systems

• by Output Power :
  • Less than 10 Watts Solar Ventilation Systems
  • 10 Watts – 20 Watts Solar Ventilation Systems
  • More than 20 Watts Solar Ventilation Systems
• by Application :
  • Industrial Solar Ventilation Systems
  • Residential Solar Ventilation Systems
  • Commercial Solar Ventilation Systems
• by Region :
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The solar ventilation systems market is expected to witness steady growth in the coming years. The increasing focus on sustainability, coupled with supportive government initiatives, will continue to drive the adoption of solar-powered solutions. Advancements in solar technology and energy storage systems may help overcome some of the limitations and enhance the performance and efficiency of these systems.

Additionally, the integration of solar ventilation systems with smart building technologies and automation systems is likely to offer new opportunities for market growth. The ability to monitor and control ventilation systems remotely, optimize energy usage, and integrate with other building management systems can further enhance the appeal of solar ventilation systems.

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