The total size of the New Zealand ventilation products market was about $114 million in 2021, and will grow at a rate of over 5% in the future to reach over $183 million by 2030.

The growth of the industry is mainly because to the increasing awareness of the health and environmental effects of polluted air, increasing preference for decentralized ventilation, and rising number of residential and commercial projects.

Owing to the high-volume carbon emissions, increase in the requirement for creating a sustainable environment, and an increase in the levels of pollution, the preference of people for energy-efficient ventilation systems is on the rise in New Zealand.

With the increasing consciousness of people about IAQ, improved ventilation systems are developed for meeting the increasing air tightness needs for buildings.

Energy-efficient ventilation products have a high capacity for ventilation, and they lower the amount of CO2 inside buildings like restaurants and other places, used by a lot of people, therefore also lowering the danger of people succumbing to transmittable diseases.

The increasing count of commercial and residential projects is a key factor responsible for the growth of the New Zealand ventilation products market. This has a lot to do with the rising population and construction industry in the country.

Moreover, the total number of new homes consented in February 2021 was 39,725, up about 5% from 37,882 in 2020, during the same period. Therefore, the increasing infra investments in the country are responsible for the growth of ventilation products.

Ventilation products for residential sector had over 80% revenue share in the recent past. This is mainly because of the growing concern toward health problems associated with the coronavirus. As SARS-CoV-2 virus particles spread at a much faster pace indoors than outdoors, viral particle concentrations indoors are higher than outdoors.

Ventilation products can decrease the concentration of virus particles from inside of a facility. Therefore, the requirement for these products has increased quite a bit in the residential sector.

The requirement for ventilation products in the commercial sector will grow at a higher rate of around 4%, in the country in the years to come, with regards to volume. This can be mostly as a result of the rising count of commercial buildings and offices, and the budding hospitality sector.

Moreover, tourism activities in the country are on the rise, leading to high investments in the tourism sector and related infra like hotels, airports and entertainment centers. For example, in January 2021, travelers’ arrival was approximately 5 thousand and it increased to over 8.4 thousand in January 2022.

The demand for ventilation products in New Zealand is on the rise because of the increasing prevalence of decentralized ventilation, and budding hospitality sector.