Solar Ventilation System Market to Reach $2.25 Billion by 2034, Growing at a 4.6% CAGR

The rising requirement for improved air quality is driving demand for roof-mounted solar ventilation systems, reveals a recently updated research report by Fact.MR

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. The growing demand for solar ventilation systems is attributed to the rising advancements in thin-film technology, solar backsheet development in design parameters, and solar tracking devices.

Increasing concentration on smart cities, along with multiple elements required in their construction, is estimated to increase demand for solar ventilation systems. These systems are installed in commercial as well as residential buildings, which is anticipated to widen their application scope.

Subsidies are being offered by more government bodies, which are set to benefit consumers and manufacturers of solar ventilation systems alike with increasing awareness related to renewable energy sources. Preference for green buildings is also forecasted to lead to the installation of solar ventilation systems.

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Key Takeaway from the Market Study:

• Worldwide sales of solar ventilation systems are forecasted to reach US$ 2.25 billion by the end of 2034.
• East Asia is evaluated to capture 35.9% of the global market revenue share by 2034-end.
• Global demand for roof-mounted solar ventilation systems is anticipated to increase at 4.6% CAGR and reach a market value of US$ 1.55 billion by
• The commercial sector is expected to hold a 48.1% global market share by the end of 2034.
• Demand for solar ventilation systems in South Korea is poised to increase at a CAGR of 4.9% from 2024 to 2034.

“Rising popularity of solar systems, emergence of smart cities, and growing preference for environment-friendly practices are set to increase demand for solar ventilation systems across regions,” says a Fact.MR analyst.

Increasing Demand for Solar Ventilation Systems in United States with Growing Construction Activities

Sales of solar ventilation systems in the United States are forecasted to rise at a CAGR of 4.6% and reach US$ 441.8 million by the end of 2034. The rising construction of commercial as well as residential buildings is anticipated to lead to the growing installation of renewable energy sources. More individuals in the country are becoming aware of environment-friendly renewable energy sources. Therefore, an increased installation of these eco-friendly energy solutions is projected to widen opportunities for market players in the United States.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the solar ventilation system lighting market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on mounting type (gable-mounted, roof-mounted), output power (less than 10 watts, 10 watts to 20 watts, more than 20 Watts), and application (industrial, residential, commercial), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

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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