New York, NY -- (SBWIRE) -- 09/09/2020 -- According to a report by P&S Intelligence, the global ventilator market is expected to generate a revenue of $1.0 billion by 2022, progressing at a 7.7% CAGR during the forecast period (2016–2022).

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Due to the rising global population, there has been a drastic rise in the industrialization and urbanization rates in several countries across the world. This is mainly because of the ballooning requirement for residential buildings and various consumable and non-consumable products in those countries. This rapid surge in the residential and industrial sectorss has pushed up the requirement for energy recovery ventilators, especially in those settings where heating, ventilation, and air conditioning (HVAC) equipment are extensively used.

The objective of this research includes;
- Major factors driving the ventilator market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the ventilator market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders

This is because these systems help in purifying the air, which is extremely necessary in the buildings using HVAC equipment as they are usually enclosed spaces and lack proper ventilation. Moreover, the use of poor ventilation devices attracts various pollutants such as chemicals, virus, and other microorganisms and bolsters the growth of molds. These pollutants cause numerous respiratory and lung diseases in the people working/living in the buildings using them. Furthermore, the adoption of advanced heating and energy recovery ventilation technology allows the HVAC systems to provide several benefits to the end-users.

Browse report overview with detailed TOC on "Ventilator Market Research Report - Global Industry Analysis and Growth Forecast to 2022" at: https://www.psmarketresearch.com/market-analysis/ventilator-market

Globally, the energy recovery ventilator market is predicted to register huge expansion in North America in the forthcoming years. This is ascribed to the increasing efforts being made in the North American countries for conserving energy and reducing the costs of energy consumption. Moreover, the enactment of several regulations by the governments in these countries such as ANSI/ASHRAE/IESNA Standard 90.1 and Building Efficiency Standards of California is tremendously augmenting the usage of energy recovery ventilators in this region.

Therefore, it can be said with certainty that the sales of energy recovery ventilators will rise enormously throughout the world in the upcoming years, mainly because of the growing requirement for air quality management and ventilation in residential, commercial, and industrial sectors and the rising utilization of HVAC systems in various facilities across the world.

The research includes detailed analysis of;

GLOBAL VENTILATOR MARKET
- By Product Type
- By Age Group
- By Interface
- By Mode
- By End User
- By Region

GLOBAL VENTILATOR MARKET, BY PRODUCT TYPE
- Intensive Care Ventilator
- Portable Ventilator
GLOBAL VENTILATOR MARKET, BY AGE GROUP
- Adult/Pediatric
- Neonatal/Infant

GLOBAL VENTILATOR MARKET, BY INTERFACE
- Invasive
- Non-Invasive

GLOBAL VENTILATOR MARKET, BY MODE
- Combined
- Volume
- Pressure

GLOBAL VENTILATOR MARKET, BY END USER
- Hospital
- Home Care
- Ambulatory Care

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