United States Ventilation Equipment Market is Expected to reach US$7 billion by 2030 Driven by High Valued HRV/ERV Units
Industry Experts, Inc. has released its latest report on " US Ventilation Equipment Market ", which projects the demand for the same to reach 35.2 million units in 2030, from an estimated 28.3 million units in 2024 registering a CAGR of 3.7% between the two years. The U.S. ventilation equipment manufacturing industry experienced a slight contraction of 0.5% in 2020, with production declining to 24.7 million units. This modest downturn showcased the industry's resilience during the significant challenges posed by the COVID-19 pandemic. Demand rebounded sharply in 2021 and 2022, driven by a recovery in commercial and residential construction, government-backed renovation initiatives, and heightened awareness of the importance of Indoor Air Quality (IAQ) following the pandemic. The introduction of the Inflation Reduction Act (IRA) in 2022 further accelerated this momentum. However, in 2023, demand declined slightly as economic uncertainty, rising interest rates,...
