Laboratory Fume Hoods Manufacturing in the US - Industry Market Research Report

On Top: Increased Research and Development Expenditure Will Likely Fuel Revenue Growth

As the economy has expanded over the five years to 2019, operators in the Laboratory Fume Hoods Manufacturing industry have experienced increased demand for industry products. Furthermore, as revenue for businesses and laboratories grew, they continued to invest in new lab equipment, including fume hoods. As revenue has expanded over the past five years, businesses have increased funding for research to develop new products. Furthermore, as economic conditions continued to improve and corporate profit surged over the past five years, total research and development expenditure also expanded. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise, albeit at a slower rate. Companies are projected to invest in new products during the outlook period, thus raising research and development expenses.

This industry includes establishments operating within the United States that manufacture fume hoods, which are ventilation devices designed to limit exposure to hazardous or noxious fumes, vapors or dusts.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.