Market Overview:
The global energy recovery ventilator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about the benefits of using ERVs. In terms of type, the plate heat exchanger segment is expected to lead the global energy recovery ventilator market during the forecast period, followed by the heat pipe heat exchanger segment. The commercial application segment is expected to lead the global energy recovery ventilator market during 2018-2030, followed by residential and others applications segments.
Product Definition:
An energy recovery ventilator (ERV) is a type of heat exchanger that recovers heat from exhaust air and uses it to preheat incoming fresh air. This reduces the amount of energy needed to heat the fresh air, leading to lower heating costs. ERVs are also known as balanced-ventilation systems, because they provide both ventilation (removing stale indoor air and bringing in fresh outdoor air) and thermal comfort (providing warm or cool indoor air).
Plate Heat Exchanger:
The global plate heat exchanger market size was valued at USD 8.5 billion in 2015 and is expected to witness a significant growth owing to its rising application in the energy recovery ventilators (ERV) market. The growing demand for ERVs due to increasing respiratory disorders such as Chronic Obstructive Pulmonary Disease (COPD) and sleep apnea among other diseases is anticipated to drive the industry growth over the forecast period.
Heat Pipe Heat Exchanger:
The heat pipe (HP) is a device that allows heat to be transferred from one place to another without the need for direct contact. The basic principle of operation of a heat pipe is based on the temperature difference between source and destination. In case of transfer of thermal energy, the temperature difference will determine how much power will flow through the system and this amount can be computed using simple laws.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. The growing construction and mining industries are expected to drive demand for the product over the forecast period. Increasing number of hospitals, hotels, restaurants and other commercial buildings is also anticipated to have a positive impact on industry growth during the study period.
Residential applications are projected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing urbanization across various regions coupled with rising disposable income levels among consumers in developing countries such as India and China will drive demand for ERV products in residential applications during the forecast period. Increasing adoption of ERV systems due to their ability reduce electricity consumption by upscaling ventilation requirements based on room size is expected fuel market growth during future years as well as create new opportunities for manufacturers operating in this space.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, coupled with rising healthcare expenditure in developing economies such as China and India. Furthermore, growing awareness regarding energy-efficient products is anticipated to drive regional demand for ERV's.
The Asia Pacific market was followed by Europe which accounted for a revenue share of 28% in 2017 owing to high product adoption rates especially across countries such as Germany, U.K., Italy, and France among others where stringent government regulations mandate their usage based on certain safety standards associated with hospital acquired infections (HAIs). North America also held a significant share of the global industry due to growing concerns pertaining patient safety along with mandated government regulations that favor product adoption rates across countries like U.S.
Growth Factors:
- Increasing awareness about the benefits of energy recovery ventilators among consumers is expected to drive the growth of the market during the forecast period.
- The increasing demand for energy-efficient buildings is another key factor that is expected to fuel the growth of this market in the near future.
- The growing construction and renovation activities across various regions are also anticipated to boost demand for energy recovery ventilators in the coming years.
- Stringent government regulations pertaining to building efficiency are also projected to propel demand for ERVs in forthcoming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Energy Recovery Ventilator Market Research Report
By Type
Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil, Others (Thermosiphon and Twin Tower)
By Application
Commercial, Residential, Others
By Companies
Mitsubishi Electric Corporation , Daikin , Panasonic Corporation , LG Electronics , Johnson Controls , Fujitsu General , Carrier Corporation , Nortek Air Solutions , Munters , Greenheck Fan Corporation , Heatex ABÂ
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Energy Recovery Ventilator Market Report Segments:
The global Energy Recovery Ventilator market is segmented on the basis of:
Types
Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil, Others (Thermosiphon and Twin Tower)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Electric CorporationÂ
- DaikinÂ
- Panasonic CorporationÂ
- LG ElectronicsÂ
- Johnson ControlsÂ
- Fujitsu GeneralÂ
- Carrier CorporationÂ
- Nortek Air SolutionsÂ
- MuntersÂ
- Greenheck Fan CorporationÂ
- Heatex ABÂ
Highlights of The Energy Recovery Ventilator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plate Heat Exchanger
- Heat Pipe Heat Exchanger
- Rotary Heat Exchanger
- Run-Around Coil
- Others (Thermosiphon and Twin Tower)
- By Application:
- Commercial
- Residential
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Energy Recovery Ventilator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An Energy Recovery Ventilator (ERV) is a medical device that helps patients with respiratory problems breathe more easily. ERVs are often used in hospitals to help people who have difficulty breathing due to conditions like pneumonia, emphysema, or asthma.
Some of the major companies in the energy recovery ventilator market are Mitsubishi Electric Corporation‚Â , Daikin‚Â , Panasonic Corporation‚Â , LG Electronics‚Â , Johnson Controls‚Â , Fujitsu General‚Â , Carrier Corporation‚Â , Nortek Air Solutions‚Â , Munters‚Â , Greenheck Fan Corporation‚Â , Heatex AB‚Â .
The energy recovery ventilator market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Energy Recovery Ventilator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Energy Recovery Ventilator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Energy Recovery Ventilator Market - Supply Chain
4.5. Global Energy Recovery Ventilator Market Forecast
4.5.1. Energy Recovery Ventilator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Energy Recovery Ventilator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Energy Recovery Ventilator Market Absolute $ Opportunity
5. Global Energy Recovery Ventilator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Energy Recovery Ventilator Market Size and Volume Forecast by Type
5.3.1. Plate Heat Exchanger
5.3.2. Heat Pipe Heat Exchanger
5.3.3. Rotary Heat Exchanger
5.3.4. Run-Around Coil
5.3.5. Others (Thermosiphon and Twin Tower)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Energy Recovery Ventilator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Energy Recovery Ventilator Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Energy Recovery Ventilator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Energy Recovery Ventilator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Energy Recovery Ventilator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Energy Recovery Ventilator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Energy Recovery Ventilator Demand Share Forecast, 2019-2026
9. North America Energy Recovery Ventilator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Energy Recovery Ventilator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Energy Recovery Ventilator Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Energy Recovery Ventilator Market Size and Volume Forecast by Type
9.7.1. Plate Heat Exchanger
9.7.2. Heat Pipe Heat Exchanger
9.7.3. Rotary Heat Exchanger
9.7.4. Run-Around Coil
9.7.5. Others (Thermosiphon and Twin Tower)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Energy Recovery Ventilator Demand Share Forecast, 2019-2026
10. Latin America Energy Recovery Ventilator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Energy Recovery Ventilator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Energy Recovery Ventilator Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Energy Recovery Ventilator Market Size and Volume Forecast by Type
10.7.1. Plate Heat Exchanger
10.7.2. Heat Pipe Heat Exchanger
10.7.3. Rotary Heat Exchanger
10.7.4. Run-Around Coil
10.7.5. Others (Thermosiphon and Twin Tower)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Energy Recovery Ventilator Demand Share Forecast, 2019-2026
11. Europe Energy Recovery Ventilator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Energy Recovery Ventilator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Energy Recovery Ventilator Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Energy Recovery Ventilator Market Size and Volume Forecast by Type
11.7.1. Plate Heat Exchanger
11.7.2. Heat Pipe Heat Exchanger
11.7.3. Rotary Heat Exchanger
11.7.4. Run-Around Coil
11.7.5. Others (Thermosiphon and Twin Tower)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Energy Recovery Ventilator Demand Share, 2019-2026
12. Asia Pacific Energy Recovery Ventilator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Energy Recovery Ventilator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Energy Recovery Ventilator Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Energy Recovery Ventilator Market Size and Volume Forecast by Type
12.7.1. Plate Heat Exchanger
12.7.2. Heat Pipe Heat Exchanger
12.7.3. Rotary Heat Exchanger
12.7.4. Run-Around Coil
12.7.5. Others (Thermosiphon and Twin Tower)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Energy Recovery Ventilator Demand Share, 2019-2026
13. Middle East & Africa Energy Recovery Ventilator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Energy Recovery Ventilator Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Energy Recovery Ventilator Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Energy Recovery Ventilator Market Size and Volume Forecast by Type
13.7.1. Plate Heat Exchanger
13.7.2. Heat Pipe Heat Exchanger
13.7.3. Rotary Heat Exchanger
13.7.4. Run-Around Coil
13.7.5. Others (Thermosiphon and Twin Tower)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Energy Recovery Ventilator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Energy Recovery Ventilator Market: Market Share Analysis
14.2. Energy Recovery Ventilator Distributors and Customers
14.3. Energy Recovery Ventilator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Electric Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daikin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LG Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Johnson Controls
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fujitsu General
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Carrier Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nortek Air Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Munters
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Greenheck Fan Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Heatex AB
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
