Market Overview:
The Global Heat Recovery Wheels Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient solutions across various industries and growing awareness about the benefits of heat recovery wheels among end users. Based on type, the global heat recovery wheels market is segmented into condensation rotors, hygroscopic rotors, and sorption rotors. The condensation rotor segment is expected to account for the largest share of the global heat recovery wheels market in 2018 owing to its high efficiency and low cost of ownership. Based on application, the global heat recovery wheels market is segmented into residential, commercial, and industrial applications. The commercial sector is expected to account for the largest share of the global heat recovery wheel market in 2018 due to rising demand from large-scale establishments such as hospitals, hotels, office buildings, etc., across regions.
Product Definition:
A heat recovery wheel (HRW) is a component of an air handling unit that captures heat from the exhaust airstream and transfers it to the incoming fresh air stream. The recovered energy reduces the load on the heating or cooling system, which can lead to energy savings.
Condensation Rotors:
Condensation rotors are used in heat recovery wheels to remove the water from the air which is passed through it. The process of removing water vapor produces a cooling effect, thereby reducing the temperature of the system. Condensation rotors have applications in various industries including chemical processing, food & beverage and pharmaceuticals among others.
Hygroscopic Rotors:
Hygroscopic rotors are made of special materials that absorb moisture from the air and prevent it from getting into the bearings. As a result, they tend to dry up before any of the other components in a heat recovery wheel (HRW). This is one of the primary reasons HRW fail; if there is no lubrication between the rotor and hub then heat cannot be conducted out during braking.
Application Insights:
The commercial application segment led the global heat recovery wheels market in 2017 and is projected to witness significant growth over the forecast period. The industrial application of these devices is gaining traction owing to its ability to reduce energy costs by up to 50%. Increasing focus on cost-saving initiatives by industry players including manufacturers, utilities, and oil & gas companies are expected to drive the demand for HRS in industrial applications over the forecast period.
Residential was the second largest application segment of HSWs in 2017. These devices help avoid waste heat loss due largely to large size of residential buildings which results in low efficiency with conventional heating systems. Waste heat from boiler or furnace room can be utilized through Heat Recovery System (HRS) which enables continuous hot water supply during cold season without using fuel wood or kerosene for space heating purposes thereby reducing environmental pollution as well as operating cost significantly.
Regional Analysis:
North America is expected to be the largest regional market over the forecast period owing to favorable government initiatives and increasing demand for energy-efficient products. The U.S., in particular, is anticipated to witness high growth on account of rising construction activities and adoption of HHRW systems in commercial buildings as well as industrial facilities.
Asia Pacific is projected to register a significant CAGR from 2018 to 2030 due its rapidly expanding construction industry coupled with growing awareness regarding energy conservation among end-users, such as industries, households, and institutions. China has been at the forefront of heat recovery wheel deployment owing largely to its large steel production capacity along with rapid urbanization that has led it adopt advanced technologies across various sectors including building & construction industry which resulted into increased product demand across this region over the forecast period.
Growth Factors:
- Increasing demand for energy-efficient technologies: The global market for heat recovery wheels is expected to grow at a CAGR of more than 7% from 2016 to 2020, owing to the increasing demand for energy-efficient technologies across the world.
- Rising awareness about environment conservation: Heat recovery wheels help in conserving energy and reducing greenhouse gas emissions, which is resulting in an increase in their demand across the globe.
- Technological advancements: The advent of new and innovative technologies is helping heat recovery wheel manufacturers offer better products with improved efficiency and performance. This is likely to boost the growth of this market during the forecast period.
- Growing industrialization and urbanization: The growth of industries and rapid urbanization are leading to an increase in thermal loads, thereby creating a greater need for efficient heat management solutions such as heat recovery wheels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Recovery Wheels Market Research Report
By Type
Condensation Rotors, Hygroscopic Rotors, Sorption Rotors
By Application
Residential, Commercial, Industrial
By Companies
Pahwa Group（Bry-Air and DRI）, Ostberg, Hoval Group, Klingenburg, Eri Corporation, Greenheck, FlaktGroup SEMCO, NovelAire, HEATEX, Seibu Giken, Airxchange
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Heat Recovery Wheels Market Report Segments:
The global Heat Recovery Wheels market is segmented on the basis of:
Types
Condensation Rotors, Hygroscopic Rotors, Sorption Rotors
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
Residential, Commercial, Industrial
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:
- Pahwa Group（Bry-Air and DRI）
- Ostberg
- Hoval Group
- Klingenburg
- Eri Corporation
- Greenheck
- FlaktGroup SEMCO
- NovelAire
- HEATEX
- Seibu Giken
- Airxchange
Highlights of The Heat Recovery Wheels 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:
- Condensation Rotors
- Hygroscopic Rotors
- Sorption Rotors
- By Application:
- Residential
- Commercial
- Industrial
- 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 Heat Recovery Wheels 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
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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?
Heat recovery wheels are a type of wheel that is used to help dissipate heat from a vehicle. This is done by using the heat from the engine to create electricity that can then be used to power other parts of the vehicle.
Some of the key players operating in the heat recovery wheels market are Pahwa Group（Bry-Air and DRI）, Ostberg, Hoval Group, Klingenburg, Eri Corporation, Greenheck, FlaktGroup SEMCO, NovelAire, HEATEX, Seibu Giken, Airxchange.
The heat recovery wheels market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heat Recovery Wheels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heat Recovery Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heat Recovery Wheels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heat Recovery Wheels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heat Recovery Wheels Market Size & Forecast, 2020-2028
4.5.1 Heat Recovery Wheels Market Size and Y-o-Y Growth
4.5.2 Heat Recovery Wheels Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Condensation Rotors
5.2.2 Hygroscopic Rotors
5.2.3 Sorption Rotors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heat Recovery Wheels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heat Recovery Wheels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Condensation Rotors
9.6.2 Hygroscopic Rotors
9.6.3 Sorption Rotors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Condensation Rotors
10.6.2 Hygroscopic Rotors
10.6.3 Sorption Rotors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Condensation Rotors
11.6.2 Hygroscopic Rotors
11.6.3 Sorption Rotors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Condensation Rotors
12.6.2 Hygroscopic Rotors
12.6.3 Sorption Rotors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Condensation Rotors
13.6.2 Hygroscopic Rotors
13.6.3 Sorption Rotors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heat Recovery Wheels Market: Competitive Dashboard
14.2 Global Heat Recovery Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pahwa Group（Bry-Air and DRI）
14.3.2 Ostberg
14.3.3 Hoval Group
14.3.4 Klingenburg
14.3.5 Eri Corporation
14.3.6 Greenheck
14.3.7 FlaktGroup SEMCO
14.3.8 NovelAire
14.3.9 HEATEX
14.3.10 Seibu Giken
14.3.11 Airxchange
