Energy Recovery Ventilator Market Analysis - Global Industry Size, Share, Trends and Forecast 2020 - 2027

The energy recovery ventilator market has continued to grow dramatically over the years owing to increasing demand for maintaining the urbanization.

lmplementation and phrasing of various government regulations concerning the use of energy recovery ventilators for the supply of existing buildings and green buildings which result in increased investment in the construction sector are certain factors which are expected to drive energy recovery ventilator demand during the forecast period. The use of the energy ventilators in industrial and residential buildings has also been envisaged by Leadership in Energy and Environmental Design (LEED) certification by architects. Demand for the ventilator for conservation of energy is closely related to economic growth and rapid industrialization. The global energy recovery technology market is expected to be powered by developments in technologies such as advancements in heat recovery technology. Manufacturing, industrial, commercial, etc. are the main consumers of energy recovery ventilators. As these end-users seek solutions for saving energy at low costs, they become a dynamic part of their end-use industries energy recovery ventilators.

Due to factors like geographical reach, infrastructure, efficiency of the product, product price and customer care, the energy recovery ventilator industry is anticipated to be highly competitive. Continuing upgrades and maintenance are therefore one of the reasons that generate energy recovery ventilation opportunities in the residential sector. In parallel, it is projected to increase the growth of the energy recovery ventilators market over the forecast period through the value of maintaining renewable power and energy-efficient resources along with government initiatives in expanding help to recovery ventilator in all municipalities. The creativity and recycling of goods is also a major trend in the market. Industrial customers are mainly concerned about plant operating prices, stock longevity, operational efficiency and energy optimization. New manufacturing processes and delivery networks are being developed in the industries. Rapid industrialization and the investment in research and development of energy-efficient solutions ultimately will contribute to substantial growth of energy recovery ventilators market and is expected to affect continuing consumer production.

Segment Analysis by Region

Due to the existence of an energy recovery ventilator market, North America dominates the market and the strong acceptance rate is projected to lead to a global demand for the energy recovery ventilator. Imposing different air quality management requirements and policies is expected to fuel the development of the global market in the region. Increasing concerns about the emission of greenhouse gases, favorable economic growth in the US and expanded funding from the government through federal tax credit programs in different sectors such as commercial and residential sectors will drive the market. Europe is emerging as an energy recovery ventilator potential market. The growth of the market over the coming years is driven by growing demand, rising population, and rising disposal income in the Asia-Pacific region.

Report coverage

Key Industry Players

Key manufacturers emphasize the growth of their production facilities, research & development centers, and the need for consumers. These companies also invest significantly in updating current infrastructure to meet various emission requirements. They also make substantial investments to strengthen the business base by adopting the sustainability approach to maintain profitability in the market. This involves distribution to small to medium-sized businesses for ERV systems to parts.

The players profiled in the report are Nortek Air Solutions, ABB Ltd, FUJITSU General, Greenheck Fan, Daikin, General Electric Company, Munters, LG Electronics, Panasonic Corporation, Johnson Controls, Mitsubishi Electric Corporation, Carrier Corporation, and others.

Market Segmentation

Market By Mode of Technology Type

Plate Heat Exchanger

Heat Pipe Heat Exchanger

Rotary Heat Exchanger

Run-Around Coil

Others (Thermosiphon and Twin Tower)

Market By Application

Commercial

Residential

Others (Warehouses, Distribution Centers, and Industrial Space (Factories and Production Facilities)

Market By Region

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa