Solar Ventilation System Market
Solar Ventilation System Market Study by Gable-mounted and Roof-mounted for Industrial, Residential, and Commercial Use from 2024 to 2034
Analysis of Solar Ventilation System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Solar Ventilation System Market Outlook (2024 to 2034)
The global solar ventilation system market is expected to reach a value of US$ 1.44 billion in 2024. Worldwide sales of solar ventilation systems have been forecasted to increase at 4.6% CAGR to end up at US$ 2.25 billion by 2034-end. Growing investments in housing development key factor set to increase demand for solar ventilation systems in the residential sector around the world.
In recent years, there has been a noticeable increase in the demand for solar ventilation systems because of the growing concentration on smart cities along with multiple other environment-friendly elements used for construction purposes. These ventilation systems are installed in commercial as well as residential buildings, which is expected to indicate a wide application scope.
In various countries, respective governments are offering subsidies to not only consumers but also manufacturers of solar ventilation systems. Surging awareness about renewable energy sources is forecasted to have a positive impact on solar ventilation system market trends in the coming 10 years.
- Worldwide sales of roof-mounted solar ventilation systems are forecasted to climb at a CAGR of 4.6% and reach US$ 1.55 billion by 2034.
- Demand for solar ventilation systems in South Korea is expected to increase at 4.9% CAGR from 2024 to 2034.
- East Asia is projected to account for 35.9% share of global market revenue by the end of 2034.
Commercial and residential structures have undergone noteworthy transformation based on building designs and facilities. This is expected to generate more demand for solar ventilation systems. Rising construction activities in potentially high growth countries with increasing populations along with growing urbanization rates are prophesied to stimulate demand for solar ventilation systems as one of the environment-friendly solutions assisting in minimizing carbon emission.
End users are expected to invest a handsome amount for the installation of solar ventilation systems but their long-term benefits are anticipated to attract more individuals to install these services.
| Report Attribute | Detail |
|---|---|
| Solar Ventilation System Market Size (2024E) | US$ 1.44 Billion |
| Forecasted Market Value (2034F) | US$ 2.25 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.6% CAGR |
| Market Share of Commercial Sector (2034F) | 48.1% |
| Japan Market Growth Rate (2024 to 2034) | 4.9% CAGR |
| North America Market Share (2034F) | 26.8% |
| Key Companies Profiled | Attic Breeze LLC; Solatube International Inc.; Ventamatic, Ltd.; Solar Royal LLC; Active Ventilation Products, Inc.; Titus HVAC; Broan, Inc.; Air Vent, Inc. |
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Why are Solar Ventilation Systems Gaining Prominence?
“Increasing Awareness about Utilization of Multiple Renewable Energy Sources”
In recent years, a noteworthy increase in the requirements for renewable energy sources has been experienced with the surging awareness about depleting resources on earth. Various clean energy forms, such as solar power, etc., are harnessed for multiple commercial as well as residential uses. This is projected to generate demand for solar ventilation systems, which are typically used for maintaining room temperature in houses and buildings.
An increase in the use of solar ventilation systems is encountered owing to constant advancements in thin-film technology, solar backsheet development in design parameters, and solar tracking devices. More individuals are cognizant related to solar technology. Surging awareness about the future of solar technology is forecasted to hold high potential for market players as it leads to increased sales of solar ventilation systems irrespective of their higher initial prices. Changing consumer thinking about price challenges in the short term and consideration for long-term benefits is anticipated to result in the expanding solar ventilation system market size.
Which Key Challenges are Obstructing Solar Ventilation System Market Growth?
“Dearth of Skilled Personnel Limiting Solar Ventilation System Sales”
A limited count of skilled professionals in the production and maintenance of solar ventilation systems is estimated to hamper their demand. This dearth of personnel is projected to result in limited installation of the systems as consumers find it difficult to set services from professionals in case of any technical issue.
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How are Startups Contributing to This Business Space?
“Effective Marketing Strategies and Investments in R&D Activities”
New market players are focusing on strengthening services used in solar ventilation systems. They are constantly working on creating and releasing fresh solutions with increased efficiencies. Startups are increasing their amount spent on R&D activities for technological advancements and strengthening respective infrastructure. They are trying to establish themselves in the market while offering more effective goods and building a reputation. Aspiring market players are working on building trust among respective end users with a strong portfolio.
Country-wise Insights
The recently updated report by Fact.MR, a market research and competitive intelligence provider, opined that East Asia is forecasted to hold 35.9% share of the global market by 2034. Increasing urbanization in the region is expected to accelerate construction activities. Not only commercial but also residential buildings are undergoing drastic modifications considering their facilities and design. The growing use of renewable energy sources is one such change encountered in this sector, which is driving demand for solar ventilation systems.
Why is the United States a Profitable Market for Manufacturers of Solar Ventilation Systems?
“Robust Construction Sector in the Country”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 281.4 Million |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 441.8 Million |
The United States is approximated to account for 73.2% share of the North American market by the end of 2034. There has been a noticeable increase in construction activities in the country in commercial and residential buildings. Surging awareness among more individuals about renewable energy sources is expected to lead to the rising installation of solar ventilation systems. They are investing in building additional space for solar assemblies. Technological advancements in the design of ventilation systems along with growing investments in infrastructure development of residential structures are contributing to United States market growth.
How is the Market in China Anticipated to Perform Going Forward?
“Supportive Government Policies and Emergence of Smart Cities”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 279.5 Million |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 460 Million |
China is projected to account for 56.9% of the East Asian market revenue share by 2034. People from the country are willing to spend on various utility products, which is estimated to trigger demand for solar ventilation systems in smart cities. In addition, growing demand for solar ventilation systems is also witnessed in medium and small-sized enterprises. The government in the country is offering incentives to individuals and businesses installing solar ventilation systems. Moreover, the increasing adoption of advanced and environment-friendly ventilation systems is also expected to bode well with market growth.
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Category-wise Insights
This report by Fact.MR mentions that Roof-mounted solar ventilation systems are estimated to gain more popularity because of their comparatively low maintenance. In addition, the increasing use of these systems as vital ventilation equipment is driving their demand.
Why are Roof-mounted Solar Ventilation Systems Preferred?
“Less Maintenance Requirements for Roof-mounted Solar Ventilation Systems”
| Attribute | Roof-mounted |
|---|---|
| Segment Value (2024E) | US$ 985.4 Million |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 1.55 Billion |
Roof-mounted solar ventilation systems are evaluated to capture 68.8% of the global market revenue share by the end of 2034. This mounting type is estimated to gain prominence among various end users owing to their low maintenance requirements. Moreover, these solar ventilation systems are set to find application as pivotal ventilation equipment.
Compared to conventional roof vents, these solar ventilation systems come with solar panels used as energy conversion platforms. Roof-mounted solar ventilation systems are projected to find application as essential ventilation equipment globally in the coming decade.
Which Application of Solar Ventilation Systems Will Bring in High Revenue Streams?
“Rising Installation of Commercial Solar Ventilation Systems to Match Sustainability Norms”
| Attribute | Commercial |
|---|---|
| Segment Value (2024E) | US$ 688 Million |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 1.08 Billion |
The commercial sector is anticipated to account for 48.1% of the solar ventilation system market share by 2034-end. One of the primary purposes of the installation of solar ventilation systems in the commercial sector is owing to their ability in enhancing indoor air quality and regulate temperature in commercial buildings in a sustainable manner. These systems match to set motives of environmental sustainability of various organizations.
Competitive Landscape
Some of the prominent manufacturers of solar ventilation systems are concentrating on consolidating their position while investing in various technological innovations. With these technological developments, the future of solar ventilation systems is anticipated to take an upward flight in the coming decade.
Key players in the solar ventilation system market include Attic Breeze LLC, Solatube International Inc., Ventamatic, Ltd., Solar Royal LLC, Active Ventilation Products, Inc., Titus HVAC, Broan, Inc., and Air Vent, Inc.
Segmentation of Solar Ventilation System Market Research
-
By Mounting Type :
- Gable-mounted
- Roof-mounted
-
By Output Power :
- Less Than 10 Watts
- 10 Watts to 20 Watts
- More Than 20 Watts
-
By Application :
- Industrial
- Residential
- Commercial
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
- FAQs -
What is the market size for solar ventilation systems in 2024?
The global solar ventilation system market is calculated to reach US$ 1.44 billion in 2024.
What is the sales projection for solar ventilation systems by 2034?
Worldwide sales of solar ventilation systems are forecasted to reach US$ 2.25 billion by 2034.
What is the forecasted CAGR for the global market?
The market is forecasted to advance at a CAGR of 4.6% from 2024 to 2034.
What is the contribution of North America to global market revenue?
North America is approximated to capture 26.8% share of global market revenue by 2034.
At what rate is the demand for solar ventilation systems projected to increase in South Korea?
The market in South Korea is projected to climb at a CAGR of 4.9% from 2024 to 2034.
How much share of the global market will roof-mounted solar ventilation systems account for?
Roof-mounted solar ventilation systems are evaluated to hold 68.8% share of the global market by 2034.
What are the benefits of solar vents?
A solar roof vent helps in reducing energy bills. In addition, these environment-friendly fixtures are used as a smart way of keeping attic temperatures optimal.
Solar Ventilation System Market