Market Scale and Headroom China's fresh-air (ventilation with energy recovery, ERV/HRV) market reached roughly RMB 40-60 billion in 2024, depending on whether installation and accessories are included. Penetration sits around 12%, far below the 40%+ seen in Europe and North America - leaving substantial long-term headroom as health-awareness and building codes tighten. Manufacturing Hubs Guangdong […]