About Energy Recovery Ventilator
Energy recovery ventilation is the energy recovery process in residential and commercial HVAC systems. Energy recovery ventilation (ERV) exchange the energy contained in normally exhausted air of a building or conditioned space, it is mainly used to treat incoming outdoor ventilation air. This ventilator maintain 40-50% indoor relative humidity in all conditions. It is also used to treat the air the device ventilates into house. They are designed to be connected to the ducts that are part of HVAC system. Increasing demand for energy recovery ventilator in residential and commercial premises created multiple growth opportunities for the market. Geographically, North America region has have been recognized as highly growing market with presence of leading market players. Therefore, North America region are considered to be the dominant market over forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of Energy Recovery Ventilator is expected to grow with rising demand for ventilation at residential and commercial premises. Several companies are operating in the market to provide Energy Recovery Ventilator with various features & unique offering. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Energy Recovery Ventilator market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mitsubishi Electric Corporation (Japan), Bryant (United States), Panasonic Corporation (Japan), LG Electronics (South Korea), Daikin (Japan), Johnson Controls (United States), FUJITSU GENERAL (Japan), Carrier Corporation (United States), Munters (Sweden), Nortek Air Solutions (United States) and Greenheck Fan (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cosphatec GmbH (Germany), Lenox (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Energy Recovery Ventilator market by Type (Wall Mount, Ceiling Mount and Cabinet Mount), Application (Commercial, Residential and Other) and Region.
On the basis of geography, the market of Energy Recovery Ventilator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Media Component , the sub-segment i.e. Plate Heat Exchanger will boost the Energy Recovery Ventilator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. Direct will boost the Energy Recovery Ventilator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Preference for Wall Mounted Energy Recovery Ventilator
Market Growth Drivers:
Growing Demand for Energy Recovery Ventilator in the Treatment of Respiratory Disorders and Increasing Quality and Energy Efficiency of the Home and Office
Challenges:
High Noise and Discomfort
Restraints:
High Cost of Electricity
Opportunities:
Augmenting Demand for Energy Recovery Ventilator in Residential Areas for maintaining Ventilation
Market Leaders and their expansionary development strategies
In September 2021, Volution Group plc, a leading international designer and manufacturer of energy efficient indoor air quality solutions, announcement on 2 August 2021 it has now successfully completed the acquisition of Energy Recovery Industries1 (“ERI”), a leading manufacturer and supplier of low-carbon, energy efficient heat exchanger cells.
In September 2020, Panasonic has launched its next generation Intelli-Balance 100 Energy Recovery Ventilator (ERV) with an occupant-controlled Boost function. Panasonic is leading provider of ventilation and indoor air solutions to the building industry. It has flip of switch through which fan speed increases large gatherings in the home at requirement of greater ventilation.
Key Target Audience
Energy Recovery Ventilator Manufacturers, Energy Recovery Ventilator Suppliers, Raw Material Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.