Industry Experts - Market Research Reports, Industry Analysis, Custom Research

A new report from Industry Experts, Inc., on " European Ventilation Equipment Market ", reveals that the European unit shipments of ventilation equipment are forecast to reach 40 million units in 2030, from an estimated 32.7 million units in 2024 registering a CAGR of 3.5% during 2024-2030 period. Shipment value of European ventilation equipment is projected to grow by a CAGR of 3.4% over the forecast period, reaching close to US$7 billion by 2030. The European ventilation equipment market experienced a significant decline in 2020 due to the COVID-19 pandemic, which disrupted new construction and renovation activities across the European Union. However, demand rebounded sharply in 2021-2022, fueled by a recovery in commercial and residential construction, government-backed renovation initiatives, and increased awareness of the importance of Indoor Air Quality (IAQ) in the wake of the pandemic. In 2023, however, demand declined slightly again as economic uncertaint...

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,...

Industry Experts released the 2017 version of its United States market report on Ventilation Equipment titled ‘ Ventilation Equipment – A United States Market Overview ’. The new report also provides in-details analysis of the unit shipments by type for Axial Fans, Centrifugal Fans, Centrifugal Blowers, Power Roof Ventilators and Industrial Propeller Fans for the years 2014, 2015 and 2016. The United States economy is maintaining gradual recovery, and the construction activities are in full swing in both residential and commercial buildings. New residential building permits in the US increased significantly from 2010 and reached 1.2 million units by 2016 with a 2010-16 CAGR of 10.8% and further expected to sustain this growth. Driven by growth in construction sector, trend in implementing energy efficiency standards, and the desire to meet minimum ventilation in homes and commercial buildings will undoubtedly significantly increase over the several years creating opportunities for v...

Industry Experts released the 2017 version of its European market report on Ventilation Equipment titled ‘ Ventilation Equipment – A European Market Overview ’. As per the new report, Germany estimated the largest producer of ventilation equipment with 13.7 million units in 2017 while Italy follows with 5.4 million units. In terms of Fan type, Axial Fans accounts for 8.5 million units followed by Range Hoods and Domestic Exhaust Fans with 6.7 million units and 5.9 million units respectively in the same year. 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 mark...