#Global #Industrial #Ventilation #Equipment #Market #Expected
Portland, OR, Sept. 30, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global industrial ventilation equipment market garnered $9.0 billion in 2021, and is estimated to generate $18.2 billion by 2031, manifesting a CAGR of 7.3% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $9.0 billion |
| Market Size in 2031 | $18.2 billion |
| CAGR | 7.3% |
| No. of Pages in Report | 257 |
| Segments covered | Ventilation Type, System Type, End User Industry, and Region. |
| Drivers | Growth in population in developing economies such as China, India, the U.S., and others |
| Increase in industrial construction | |
| Rise in concern regarding air quality such as low indoor air quality | |
| Surge in construction of green buildings | |
| Strengthened government regulations regarding carbon emission | |
| Opportunities | Introduction of advanced ventilation equipment for improvement of air quality |
| Restraints | High price of ventilation equipment |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global industrial ventilation equipment market, owing to implementation of global lockdown which resulted to temporary closure of production of many products in the industrial ventilation equipment market.
- However, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 on the market. This has…
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