The global demand for Energy Recovery Ventilator Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Energy recovery ventilators (ERV) are mainly; installed in overcrowded; and congested buildings, including residential and commercial places to recover energy and improve indoor air quality. The system enables the entry of the fresh air into the building, reduces CO2 levels, and controls the odor. The air pressure is balanced by exhausting conditioned air out and allowing fresh air inside. It also helps in providing warm energy in winter and cool in summer. ERV enhances indoor air quality and lowers total HVAC equipment capacity. It meets ASHRAE (American Society of Heating, Refrigerating, and Air-Conditioning Engineers) ventilation and energy standards.
The global energy recovery ventilator market is experiencing significant rise owing to the increasing significance of indoor air quality, innovations in ERVs, increasing trend for green buildings, and growing demand to minimize energy consumption in commercial and residential buildings. COVID-19 pandemic is likely to support the global ERV market due to the increasing requirement of improved quality indoor air to reduce the chances of infection. However, high installation and maintenance costs and lack of awareness is estimated to restrain the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of energy recovery ventilator.
The entire energy recovery ventilator market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Run Around Coil
- Heat Pipe
- Rotary Enthalpy Wheel
- Fixed Plate
- Twin Tower
This section covers regional segmentation which accentuates on current and future demand for energy recovery ventilator market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Energy Recovery Ventilator Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the energy recovery ventilator market include ABB Ltd., Nortek Air Solutions, FUJITSU General, Daikin, Greenheck Fan, General Electric Company, LG Electronics, Munters, Panasonic Corporation, Mitsubishi Electric Corporation, Johnson Controls, Carrier Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.