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Ventilation Equipment A European Market Overview

The report reviews, analyzes and projects the European Ventilation Equipment Shipments for the period
2012-2022.

Published: May 2017

Report Code: MG004
Pages: 238
Charts: 101
Price: $4050 Single User License, $6750 Enterprise License

SUMMARY
Driven by stringent regulations introduced by the European
Union to reduce energy consumption in buildings, the
European ventilation industry is expected to benefit from the
increasing demand for energy efficient ventilation products.
Modest but steady growth in construction activity in the
residential and commercial sectors would enhance demand for
ventilation equipment. Other factors, such as awareness about
importance of indoor air quality would go a long way in
renewing market demand. Overall outlook for shipments of
ventilation equipment in Europe is expected to be picking up,
although at a moderate pace.
This report profiles 25 major market players and 47 other key
players that are engaged in ventilation equipment production
in Europe. The research also provides the listing of the
companies engaged in the production of ventilation equipment
in Europe. The list of companies covers the address, contact
details and the website addresses of 287 companies.
European Ventilation Equipment Shipments Analysis (2012-2022) by
Shipments Value (USD Million)

The report analyzes the European ventilation equipment

shipments covering all of the 27 European Union countries
with special focus on Czech Republic, Denmark, France,
Germany, Italy, the Netherlands, Poland, Portugal, Spain,
Sweden and the United Kingdom. Ventilation product
segments analyzed in this study include Axial Fans, Centrifugal
Fans, Cross Flow Fans, Domestic Exhaust Fans, Roof/Box Fans,
Range Hoods and Air Handling Units (AHUs) for Ventilation.

European shipments value of ventilation equipment is forecast

2014 2017 2022
to reach US$5 billion in 2017, from an estimated US$4.98
billion in 2012, further projected to reach above US$5.8 billion
by 2022 registering a CAGR of 2.8% during 2017-2022 period.

The study includes 101 charts (includes a data table and

graphical representation for each chart), supported with
meaningful and easy to understand graphical presentation, of
shipments. The statistical tables represent the data for the
Ventilation equipment shipments value and unit shipments by
geographic region and product segment.

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 Ventilation Equipment A European Market Overview
May 2017 |238 Pages | 101 Charts | Price $4050

SAMPLE COMPANY PROFILE SAMPLE TABLE/CHART

Glance at 2017 European Ventilation Equipment Unit Shipments Share (%) by
ALDES GROUP (FRANCE) Country Czech Republic, Denmark, France, Germany, Italy, Netherlands,
20 boulevard Joliot Curie Poland, Portugal, Spain, Sweden, United Kingdom and Rest of Europe
69694 Vnissieux Cedex, France
Phone: +33 (0) 4 78 77 15 15
Fax: +33 (0) 4 78 76 15 97
Website: www.aldes.com

Key Figures
Sales 221 million euros (2013)
Employees 1,228

Business Overview
Established in 1925 in Lyon, France, Aldes Group specializes in
ventilation, heating, air cooling, domestic hot water production,
central vacuum cleaning. HVAC components, smoke extraction and
services. With 13 subsidiaries and 21 production plants, the group
German Ventilation Equipment Shipments Value Analysis (2012-2022) by
has presence in 13 countries in Europe, North America, Asia, Product Segment Axial Fans, Centrifugal Fans, Roof/Attic Fans, Cross-flow
Middle-East/Indian Ocean. The Aldes Groups business activities Fans, Range Hoods, Domestic Exhaust Fans and Air Handling Units in US$ Million
include Ventilation, Heating & Cooling, Domestic Hot Water, HVAC
Components, Smoke extraction, Central vacuum cleaning and
Services. Aldes Group is one of the leaders in ventilation and in air
quality for single and multi-family housing and commercial
premises. Aldes Group also offers a wide range of products for
mechanic smoke extraction and building compartmentalization.
The groups ventilation brands include Aldes, Acythys and
Exhausto. Under Aldes brand, the company develops ventilation
systems, multi-functional systems (heating, cooling, DHW), smoke
extraction systems, HVAC Components, air diffusion and CVC
2014 2017 2022
systems. Established in January 2000, Acthys, was created by the
companies Aereco and Aldes, is engaged in providing naturally
humidity-controlled and low pressure ventilation systems for KEY PLAYERS PROFILED
existing buildings. EXHAUSTO A/S is one of the leading Aldes Group
manufacturers of ventilation systems in Europe. The companys Centrotec Sustainable AG
product offerings include air handling units, fans and accessories. Comefri S.p.A
ebm-papst Mulfingen GmbH & Co. KG
Elica S.p.A.
Product Portfolio
Elta Group
Category Products/Models Faber S.p.A
HRV Fan Units - Dee Fly Cube 550, Nano Air 50, Dee Fly FLAKT Group
Modulo, Dee Fly Cube 300 and 370 Helios Ventilatoren Gmbh + Co., Kg.
Exhaust fan units - IN-LINE-Duct fans, Compact Auto Hidria Rotomatika d.o.o.
(Belgium), Compact SP, Bahia Compact, SFP 300 unit, Howden Group Ltd
Single-family housing LINDAB International AB
Bahia Optima micro-watt
MAICO Elektroapparate-Fabrik GmbH
Extractor fans - Deco
Munters AB
Multi-function systems HVAC - Equathermics, T.Zen Nicotra Gebhardt S.p.A.
Multi-dwelling exhaust ventilation units - EasyVEC Box Nuaire Group
fans, C.VEC micro-watt, inoVEC micro-watt, iVEC micro- Ostberg Group AB
watt + Rosenberg Ventilatoren GmbH
Multi-family housing
Multi-dwelling central HRV - Everest Soler & Palau Sistemas De Ventilacion, S.L.U.
Swegon AB
Multi-function systems HVAC - T.Zen Systemair AB
HRV units - Everest XV, Everest, DFE, DFS, DFR TROX GmbH
Commercial Buildings Volution Group plc
Box Fans - EasyVEC, Vekita, TVEC Silence Zehnder Group AG
Ziehl-Abegg SE
.more .more

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TABLE OF CONTENTS
PART A: EUROPEAN MARKET PERSPECTIVE ... 1
1. INTRODUCTION .................................................. 1
European Ventilation Equipment Unit Shipments
Historical Trends.....................................................4
1.1 Product Outline.................................................... 5
1.1.1 Ventilation Overview ........................................ 4
1.1.1.1 Common Methods Used for Ventilation ........ 5
1.1.1.1.1 Mechanical/Forced Ventilation ................... 5
1.1.1.1.2 Natural Ventilation ..................................... 5
1.1.1.1.3 Hybrid Ventilation ....................................... 5
1.1.1.2 Components of Ventilation Systems .............. 6
1.1.1.2.1 Natural Ventilation Systems........................ 6
1.1.1.2.2 Mechanical Ventilation Systems ................. 6
1.1.1.3 Design Strategies of Ventilation Systems ....... 7
1.1.1.3.1 Exhaust Ventilation Systems ....................... 7
1.1.1.3.2 Supply Ventilation Systems ......................... 7
1.1.1.3.3 Balanced Ventilation Systems ..................... 8
1.1.2 Product Segmentation ...................................... 8
1.1.2.1 Axial Fans ....................................................... 8
1.1.2.2 Centrifugal Fans ............................................. 9
1.1.2.3 Cross Flow Fans.............................................. 9
1.1.2.4 Domestic Exhaust Fans .................................. 9
1.1.2.5 Roof/Attic Fans .............................................. 9
1.1.2.6 Range Hoods .................................................. 9
1.1.2.7 Air Handling Units (AHUs) for Ventilation ...... 9
1.1.2.8 Heat Recovery/Energy Recovery Ventilation Units .... 9
2. VENTILATION REGULATIONS & STANDARDS ...... 10
2.1 Energy Performance of Buildings Directive (EPBD) ........ 10
2.1.1 CEN Standards Related to Ventilation of
Buildings .................................................................. 10
2.2 Ecodesign and Energy Labelling ......................... 15
2.2.1 Ecodesign and Energy Labelling Ventilation
Other Major Players ............................................. 80
units ......................................................................... 15
2.2.2 Ecodesign Fans ............................................. 18
2.3 Eurovent Certification for Air Conditioning and
Ventilation Products ................................................ 22
3. KEY MARKET TRENDS ........................................ 23
3.1 European Environmental Regulations Offering
Opportunities for Ventilation Equipment ................ 23
3.2 Technological Trends in the European Ventilation
Equipment Market ................................................... 24
3.3 European Economic and Construction Trends ... 25
4. KEY MARKET PLAYERS ....................................... 28
Aldes Group (France) ...................................................... 28
Exhausto A/S (Denmark) ............................................ 29
Centrotec Sustainable AG (Germany) ............................. 30
WOLF GmbH (Germany) ............................................ 31
Brink Climate Systems B.V. (Netherlands).................. 32
Ned Air B.V. (Netherlands) ......................................... 33
Comefri S.p.A (Italy)........................................................ 34
ebm-papst Mulfingen GmbH & Co. KG (Germany) ......... 35
Elica S.p.A. (Italy) ............................................................ 37
Airforce S.p.A. (Italy) .................................................. 38
Elta Group (United Kingdom) ......................................... 39
Aerauliqa S.r.l. (Italy) ................................................. 39
Elta Fans Limited (United Kingdom) ........................... 40
Fantech Ventilation (Ireland) ..................................... 41
Hydor Ltd (United Kingdom) ...................................... 41
Faber S.p.A (Italy) ........................................................... 42
FLAKT Group (Germany) ................................................. 43
DencoHappel GmbH (Germany) ................................ 43
Flakt Woods AB (Sweden) .......................................... 44
Helios Ventilatoren Gmbh + Co., Kg. (Germany) ............. 45
Hidria Rotomatika d.o.o. (Slovania) ................................ 46
Howden Group Ltd (United Kingdom) ............................ 47
LINDAB International AB (Sweden) ................................. 48
MAICO Elektroapparate-Fabrik GmbH (Germany) .......... 49
Maico Italia S.p.A (Italy) ............................................. 50
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Ventilation Equipment A European Market Overview
May 2017 |238 Pages | 101 Charts | Price $4050
Munters AB (Sweden) ..................................................... 51
Nicotra Gebhardt S.p.A. (Italy) ........................................ 52
Industrie CBI S.p.A (Italy) ............................................ 54
Nuaire Group (United Kingdom) ..................................... 55
Ostberg Group AB (Sweden) ........................................... 56
Rosenberg Ventilatoren GmbH (Germany) ..................... 57
Airtecnics Motors snd Ventiladors S.L. (Spain) ........... 58
Ecofit SA (France) ....................................................... 59
Rox-Klimatechnik GmbH (Germany) ........................... 59
Soler & Palau Sistemas De Ventilacion, S.L.U. (Spain) ..... 60
Envirovent Ltd (United Kingdom) ............................... 62
Chaysol Sistemas De Ventilacin, S.L.U. (Spain) ......... 62
VIM (France) .............................................................. 62
Covent AS (Norway) ................................................... 63
Unelvent (Unites Electriques De Ventilation) (France) .. 63
Ferrari Ventilatori Industriali S.p.A. (Italy) .................. 63
Swegon AB (Sweden) ...................................................... 64
Ruskin Air Management Limited (United Kingdom) ... 65
Systemair AB (Sweden) ................................................... 66
2VV s.r.o. (Czech Republic) ......................................... 68
Menerga GmbH (Germany) ........................................ 69
Systemair B.V. (Netherlands) ..................................... 69
Villavent Limited (United Kingdom)............................ 69
TROX GmbH (Germany) .................................................. 70
TROX TLT GmbH (Germany) ....................................... 71
Volution Group plc (United Kingdom) ............................. 72
Vent-Axia Group Ltd (United Kingdom) ...................... 73
Manrose Manufacturing Ltd (United Kingdom) .......... 74
Torin-Sifan Limited (United Kingdom) ........................ 74
Ventilair Group (Belgium) ........................................... 74
Fresh AB (Sweden) ..................................................... 75
inVENTer GmbH (Germany) ....................................... 75
Pax AB (Sweden) ........................................................ 75
Zehnder Group AG (Switzerland) .................................... 76
Greenwood Airvac (United Kingdom) ......................... 77
PAUL Warmeruckgewinnung GmbH (Germany) ......... 77
Ziehl-Abegg SE (Germany) ............................................... 78
Aermec S.p.A (Italy) ........................................................ 80
Airflow Developments Limited (United Kingdom) ........... 80
Airforce S.p.A (Italy) ........................................................ 81
AL-KO Therm GmbH (Germany) ...................................... 81
Amalva UAB (Lithuania) .................................................. 82
AZ KLIMA, a. s. (Czech Republic) ..................................... 82
BerlinerLuft. Technik GmbH (Germany) .......................... 83
Best S.p.A (Italy) .............................................................. 83
Boldrocchi Group (Italy) .................................................. 84
CIAT S.A. (France)............................................................ 84
Colt Group (United Kingdom) .......................................... 85
Dantherm Air Handling A/S (Denmark) ........................... 85
Delta Neu S.A.S (France) ................................................. 86
Emmeti S.p.A. (Italy) ....................................................... 86
FISCHBACH Luft- und Ventilatorentechnik GmbH
(Germany) ....................................................................... 87
Flexit AS (Norway) ........................................................... 87
France Air Group (France) ............................................... 87
Genvex A/S (Denmark) .................................................... 88
Hamon D'Hondt SA (France) ........................................... 88
HANSA Ventilatoren- und Maschinenbau Neumann GmbH
(Germany) ....................................................................... 88
Huber & Ranner GmbH (Germany) ................................. 89
ITHO Daalderop (The Netherlands) ................................. 89
IV Produkt AB (Sweden) .................................................. 90
Kampmann GmbH (Germany) ......................................... 91
LTG AG (Germany) .......................................................... 91
NIBE Energy Systems (Sweden) ....................................... 92
Punker GmbH (Germany) ................................................ 93
Redring Xpelair Group Limited (United Kingdom) ........... 94
Remak A.S. (Czech Republic) ........................................... 95
Robatherm GmbH + Co. KG (Germany) ........................... 95
Ruck Ventilatoren GmbH (Germany) ............................... 95
SCHAKO Ferdinand Schad KG (Germany) ........................ 96
Schako KG (Germany) ..................................................... 96
NOVENCO Building & Industry A/S (Denmark) ........... 97
Sirocco Luft- und Umwelttechnik GmbH (Austria) ...... 97
SIG Air Handling International (Belgium) .................... 98
Sodeca S.L.U. (Spain) ...................................................... 98
STIEBEL ELTRON GmbH & Co. KG (Germany) .................. 99
Talleres Zitron SA (Spain) .............................................. 100
Titon Holding PLC (United Kingdom) ............................ 100
TLT-Turbo GmbH (Germany) ........................................ 101
TROGES Luftungstechnik (Austria) ................................ 101
Venture Industries Sp. z o.o. (Poland) ........................... 102
VES Andover Limited (United Kingdom) ....................... 102
Vortice Elettrosociali S.p.A (Italy) ................................. 102
Vostermans Ventilation B.V. (Netherlands) .................. 105
Weger Walter Srl (Italy) ................................................ 105
Witt & Sohn AG (Germany)........................................... 106
Alldays Peacock (United Kingdom)........................... 106
Fan Systems Group Ltd. (United Kingdom) .............. 106
Meidinger AG (Switzerland) ..................................... 107
WOLF Anlagen-Technik GmbH & Co. KG (Germany) ..... 108
ZVVZ a.s. (Czech Republic) ............................................ 109
5. KEY BUSINESS & PRODUCT TRENDS ................. 110
New Hybrid Fan for Climate Control and Ventilation, RQM
MultiEvo Introduced by Nicotra Gebhardt.................... 110
Faber's Talika Hood Received the Red Dot Design Award
for Best Product Design ................................................ 110
Munters Developed New WM54 Fiberglass Fan Using
Munters Drive Technology ........................................... 110
Ziehl-Abegg Developed New ZAbluefin Radial Fan ....... 111
ebm-papst Launched the RadiPac Series of Centrifugal
Fans with a New Mechanical Design ............................. 111
X-TAIRMINAL, TROX's Newly Developed System to
Manage Ventilation and Air Conditioning Systems ....... 111
Launch of New RadiCal Centrifugal Fans in 3D Scroll
Housings by ebm-papst ................................................ 112
Alcedo SGR's Master Climate Solutions Group Acquired by
Dantherm ..................................................................... 112
Safegard Systems Acquired by Swegon Group .............. 112
Unveiling of the Fiberglass Cone Vplus Fan with
Permanent Magnet Motor by Multifan ........................ 113
ebm-papst showcases its latest energy-saving fans ...... 113
Breathing Buildings Acquired by Volution Group .......... 113
Vent-Axia Introduced the Next Generation of Mechanical
Ventilation with Heat Recovery, Sentinel Kinetic Advance ...114
Ziehl-Abegg to Relocate EC Production from Kunzelsau to
Kupferzell ..................................................................... 114
Launch of Ned Air Omni Line Series Air Handling Units 114
Munters AB Launches new EC52 motor fan.................. 114
ebm-papst Developed AxiBlade Axial Fans for Every
Pressure Range Applications ........................................ 115
Flakt Woods and DencoHappel Merge to form FlaktGroup .115
Ruskin Air Management Ltd Acquired by Swegon ........ 115
Acquisition of TTL Reinforces the Position of Systemair in Germany 116
Schonmann AG Acquired by Dantherm ........................ 116
Flakt Woods Introduced eCO Top Energy Recovery Units ....116
2VV Acquired by Systemair AB ..................................... 116
Introduction of CIAT's Most Recent CLIMACIAT Product
Range ........................................................................... 117
Unveiling of TROX's FSL-U-ZAS Underfloor Unit ............ 117
Acquisition of EXHAUSTO Boost the Growth of the ALDES
Group in Northern Europe ............................................ 117
Unveiling of Zehnder ComfoAir Q Model Range of Central
Ventilation Units........................................................... 118
New Centriflow 3D Mix Flow Impeller Launched by Flakt
Woods .......................................................................... 118
Launch of Ned Air EduComfort CM 1100 LN Decentralized
HR Ventilation Unit with Heat Recovery ....................... 118
ebm-papst Offers RadiCal Centrifugal Fans for Clean Rooms119
Swegon Reinforces its Presence on the German Market
and in Residential Ventilation by Acquiring bluMartin .. 119
One-Half of the Air-Site AB's Shares Acquired by NIBE . 119
EUROVENT Certificate Received by AMALVA for its KLASIK
AHU Range ................................................................... 119
Nicotra Gebhardt's New Generation Roof Fans
Outperforms ErP Directive............................................ 120
Introduction of Vent-Axia's New Sentinel Kinetic High Flow
Model ........................................................................... 120
Rosenberg Ventilatoren GmbH Unveils new MTC-
MultiControl for EC-Fans .............................................. 121
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 Ventilation Equipment A European Market Overview
May 2017 |238 Pages | 101 Charts | Price $4050

Munters AB Unveils MPX Exhaust Fans ........................ 121
ELTA Group Building Services Introduces Multiflow SEM
and SEL Fan products ................................................... 121
Volution Group Acquires Weland Luftbehandling AB ... 122
ebm-papst Launches 4300N DC Axial Fans ................... 122
Munters AB to Acquire Reventa ................................... 122
Rosenberg Introduces EC Unoboxes ME, new Exhaust Unit ....122
Ziehl-Abegg Launches ZAvblue Centrifugal Fan ............ 123
Systemair Buys Air Handling Business from Kolektor .... 123
Lindab to Acquire Froid Partn'Air ................................. 123
Volution Group Completes Acquisition of Ventilair Group .. 124
Systemair AB to Acquire Menerga NV .......................... 124
ELTA Fans Accelerates its Production Capacities .......... 124
Lindab to Acquire IMP Klima ........................................ 125
Vent Axia Launches Silent Fan ...................................... 125
Flakt Woods Launches JMv Aerofoil Axial Flow Fan ...... 125
Vent-Axia Introduces the 200ZP series Ventilation solution 125
BerlinerLuft Group Expands in Europe.......................... 126
Systemair AB Acquires Menerga AS .............................. 126
DencoHappel Launches COM4plus Universal Air Handling
Solution ........................................................................ 126
DencoHappel Unveils ATpicco Air Handling Unit .......... 126
Centrotec Acquires PRO-KLIMA d.o.o ........................... 127
Ziehl-Abegg Develops New Energy-Saving EC055 Motors ... 127
Brink Develops Air 70, a New Ventilation System ......... 127
Torin-Sifan Establishes New EC Manufacturing &
Technology Centre in Swindon ..................................... 127
Fantech Introduces EC Fans .......................................... 128
6. EUROPEAN MARKET OVERVIEW...................... 129
6.1 European Ventilation Equipment Shipments
Overview by Country ............................................. 130
Unit Shipments Analysis ........................................ 130
Shipments Value Analysis ...................................... 132
6.2 European Ventilation Equipment Shipments
Overview by Product Segment .............................. 134
Unit Shipments Analysis ........................................ 134
Shipments Value Analysis ...................................... 136
6.2.1 European Ventilation Equipment Product
Segment Shipments Overview by Country............. 138
6.2.1.1 Axial Fans ................................................... 138
Unit Shipments Analysis ........................................ 138
Shipments Value Analysis ...................................... 140
6.2.1.2 Centrifugal Fans ......................................... 142
Unit Shipments Analysis ........................................ 142
Shipments Value Analysis ...................................... 144
6.2.1.3 Roof/Attic Fans .......................................... 146
Unit Shipments Analysis ........................................ 146
Shipments Value Analysis ...................................... 148
6.2.1.4 Cross-flow Fans .......................................... 150
Unit Shipments Analysis ........................................ 150
Shipments Value Analysis ...................................... 152
6.2.1.5 Range Hoods .............................................. 154
Unit Shipments Analysis ........................................ 154
Shipments Value Analysis ...................................... 156
6.2.1.6 Domestic Exhaust Fans .............................. 158
Unit Shipments Analysis ........................................ 158
Shipments Value Analysis ...................................... 160
6.2.1.7 Air Handling Units ...................................... 162
Unit Shipments Analysis ........................................ 162
Shipments Value Analysis ...................................... 164
PART B: REGIONAL MARKET PERSPECTIVE ..166
1. CZECH REPUBLIC ............................................. 166
1.1 Czech Republic Ventilation Equipment Shipments
Overview by Product Segment .............................. 167
Unit Shipments Analysis ........................................ 167
Shipments Value Analysis ...................................... 169
2. DENMARK....................................................... 171
2.1 Danish Ventilation Equipment Shipments
Overview by Product Segment .............................. 172
Unit Shipments Analysis ........................................ 172
Shipments Value Analysis ...................................... 174
3. FRANCE........................................................... 176
3.1 French Ventilation Equipment Shipments
Overview by Product Segment .............................. 177
Unit Shipments Analysis ........................................ 177
Shipments Value Analysis ...................................... 179
4. GERMANY ....................................................... 181
4.1 German Ventilation Equipment Shipments
Overview by Product Segment .............................. 182
Unit Shipments Analysis ........................................ 182
Shipments Value Analysis ...................................... 184
5. ITALY .............................................................. 186
5.1 Italian Ventilation Equipment Shipments
Overview by Product Segment .............................. 187
Unit Shipments Analysis ........................................ 187
Shipments Value Analysis ...................................... 189
6. THE NETHERLANDS ......................................... 191
6.1 Netherlands Ventilation Equipment Shipments
Overview by Product Segment .............................. 192
Unit Shipments Analysis ........................................ 192
Shipments Value Analysis ...................................... 194
7. POLAND .......................................................... 196
7.1 Polish Ventilation Equipment Shipments Overview
by Product Segment .............................................. 197
Unit Shipments Analysis ........................................ 197
Shipments Value Analysis ...................................... 199
8. PORTUGAL ...................................................... 201
8.1 Portuguese Ventilation Equipment Shipments
Overview by Product Segment .............................. 202
Unit Shipments Analysis ........................................ 202
Shipments Value Analysis ...................................... 204
9. SPAIN.............................................................. 206
9.1 Spanish Ventilation Equipment Shipments
Overview by Product Segment .............................. 207
Unit Shipments Analysis ........................................ 207
Shipments Value Analysis ...................................... 209
10. SWEDEN........................................................ 211
10.1 Swedish Ventilation Equipment Shipments
Overview by Product Segment .............................. 212
Unit Shipments Analysis ........................................ 212
Shipments Value Analysis ...................................... 214
11. THE UNITED KINGDOM .................................. 216
11.1 United Kingdom Ventilation Equipment
Shipments Overview by Product Segment............. 217
Unit Shipments Analysis ........................................ 217
Shipments Value Analysis ...................................... 219
12. REST OF EUROPE ........................................... 221
12.1 Rest of Europe Ventilation Equipment Shipments
Overview by Product Segment .............................. 222
Unit Shipments Analysis ........................................ 222
Shipments Value Analysis ...................................... 224
PART C: GUIDE TO THE INDUSTRY............... 226
PART D: ANNEXURE ....................................237
1. RESEARCH METHODOLOGY ............................. 237
2. FEEDBACK ....................................................... 239

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