UltimateAir, Inc. (United States)
COVID-19 Impact
The world is adversely affected by the COVID 19 pandemic. The global economy slowed down due to lockdown and stringent rules against cross-border transportation to curb the virus spread. This impacted air exchanger markets revenue negatively. A report stated that in the U.S., around 45% of the HVAC companies witnessed low seasonal sales. This was due to the unavailability of labor. However, HVAC was not severely affected owing to the need for ventilation across various sectors. Therefore, it is anticipated that the market will recover soon during the forecast period.
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