Market Overview:
The global mechanical energy recovery ventilators 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 appliances and rising awareness about the benefits of using mechanical energy recovery ventilators. The global mechanical energy recovery ventilators market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into wall-mount, ceiling-mount, and cabinet-mount types. Wall-mounted systems are expected to dominate this market due to their low installation cost and easy portability. On the basis of application, residential applications are expected to account for a major share in this market owing to growing concerns about indoor air quality among homeowners across regions.
Product Definition:
A mechanical energy recovery ventilator (MERV) is a device that recovers heat from exhaust air and uses it to preheat incoming fresh air. This can save on heating costs, as well as reduce the load on the heating or cooling system. MERVs are important for buildings that need to make efficient use of energy, such as schools, hospitals, and office buildings.
Wall-Mount:
Wall-mount is a device that is fixed to the wall and used for providing support to portable devices such as oxygen concentrators, ventilators, and so on. It helps in improving stability while using these devices. The basic function of a wall-mount consists of supporting the weight of an attached device or equipment along with its power supply cord.
The global mechanical energy recovery ventilators (MECV) market size was valued at USD 472 million in 2016.
Ceiling-Mount:
Ceiling-Mount is a device that is fixed to the ceiling of the patient's room and it helps in increasing energy and air flow. The basic function of this device includes exhaust, re-circulation, & extraction of expired air. It also helps in creating a uniform temperature distribution within the patient’s chamber by reducing hot & cold spots which are very common causes for discomfort or distress to patients suffering from respiratory diseases such as asthma or COPD among others.
Application Insights:
The others segment includes the automotive, aerospace and defense, industrial applications. The demand for MERTV is expected to increase in the automotive industry on account of high safety requirements and regulations pertaining to carbon monoxide gas emission in these industries. In addition, growing awareness about energy conservation is anticipated to fuel the market growth over the forecast period.
The commercial application segment accounted for a major share of more than 50% in 2017 owing to an increasing number of hospitals and medical centers across various regions coupled with rising healthcare spending globally. Growing investments by governments in developing countries such as China India Brazil are likely to boost product demand from 2030 till 2050 ¢â‚¬Å“ Promoting technological advancements & R&D activities related mechanical ventilation devices¢â‚¬ (India Global Mechanical Energy Recovery Ventilators Market Report).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and suppliers. The region is expected to maintain its dominance over the forecast period, with a few countries such as Mexico and Brazil experiencing strong economic growth. This will provide an opportunity for MEV manufacturers/suppliers in North America to expand their operations.
The Asia Pacific regional market is anticipated to grow at a rapid pace over the forecast period owing to increasing construction activities across various countries such as China, India, Japan, Indonesia, Malaysia & Vietnam. In addition MEV manufacturing companies are also shifting their production bases in this region due to low labor cost and easy availability of raw material supply especially rare earth elements (REE). Moreover growing awareness about energy conservation will drive demand for mechanical energy recovery ventilators which can reduce electricity bill by recovering waste mechanical energy thus making it attractive from an economical point of view.
Growth Factors:
- Increasing demand for energy-efficient devices across the globe
- Rising awareness about the benefits of mechanical energy recovery ventilators among consumers
- Technological advancements in MERS technology
- Growing number of construction projects worldwide
- Rising demand for ventilation systems in commercial buildings
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Energy Recovery Ventilators Market Research Report
By Type
Wall-Mount, Ceiling-Mount, Cabinet-Mount
By Application
Residential, Commercial, Others
By Companies
Johnson Controls, Daikin Industries, Trane, Nortek, Carrier (United Technologies), Lennox International, Mitsubishi Electric, Greenheck, FUJITSU, Zehnder, LG Electronics, Renewaire, Ostberg
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Energy Recovery Ventilators Market Report Segments:
The global Mechanical Energy Recovery Ventilators market is segmented on the basis of:
Types
Wall-Mount, Ceiling-Mount, Cabinet-Mount
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, 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:
- Johnson Controls
- Daikin Industries
- Trane
- Nortek
- Carrier (United Technologies)
- Lennox International
- Mitsubishi Electric
- Greenheck
- FUJITSU
- Zehnder
- LG Electronics
- Renewaire
- Ostberg
Highlights of The Mechanical Energy Recovery Ventilators 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:
- Wall-Mount
- Ceiling-Mount
- Cabinet-Mount
- By Application:
- Residential
- Commercial
- 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 Mechanical Energy Recovery Ventilators 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?
Mechanical energy recovery ventilators (MERV) are a type of air-purifying respirator that use the principle of mechanical ventilation to remove pollutants from the breathing air. MERVs work by using a fan to create a flow of air over the face and mouth of the user, which helps to draw in fresh air and expel polluted particles.
Some of the major players in the mechanical energy recovery ventilators market are Johnson Controls, Daikin Industries, Trane, Nortek, Carrier (United Technologies), Lennox International, Mitsubishi Electric, Greenheck, FUJITSU, Zehnder, LG Electronics, Renewaire, Ostberg.
The mechanical energy recovery ventilators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators Market Size & Forecast, 2018-2028
4.5.1 Mechanical Energy Recovery Ventilators Market Size and Y-o-Y Growth
4.5.2 Mechanical Energy Recovery Ventilators Market Absolute $ Opportunity
Chapter 5 Global Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators Market Size Forecast by Type
5.2.1 Wall-Mount
5.2.2 Ceiling-Mount
5.2.3 Cabinet-Mount
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators Analysis and Forecast
9.1 Introduction
9.2 North America Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators Market Size Forecast by Type
9.6.1 Wall-Mount
9.6.2 Ceiling-Mount
9.6.3 Cabinet-Mount
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 Mechanical Energy Recovery Ventilators Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Others
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 Mechanical Energy Recovery Ventilators Analysis and Forecast
10.1 Introduction
10.2 Europe Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators Market Size Forecast by Type
10.6.1 Wall-Mount
10.6.2 Ceiling-Mount
10.6.3 Cabinet-Mount
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 Mechanical Energy Recovery Ventilators Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Others
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 Mechanical Energy Recovery Ventilators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators Market Size Forecast by Type
11.6.1 Wall-Mount
11.6.2 Ceiling-Mount
11.6.3 Cabinet-Mount
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 Mechanical Energy Recovery Ventilators Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Others
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 Mechanical Energy Recovery Ventilators Analysis and Forecast
12.1 Introduction
12.2 Latin America Mechanical Energy Recovery Ventilators 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 Mechanical Energy Recovery Ventilators Market Size Forecast by Type
12.6.1 Wall-Mount
12.6.2 Ceiling-Mount
12.6.3 Cabinet-Mount
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 Mechanical Energy Recovery Ventilators Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Others
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) Mechanical Energy Recovery Ventilators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Mechanical Energy Recovery Ventilators 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) Mechanical Energy Recovery Ventilators Market Size Forecast by Type
13.6.1 Wall-Mount
13.6.2 Ceiling-Mount
13.6.3 Cabinet-Mount
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) Mechanical Energy Recovery Ventilators Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Others
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 Mechanical Energy Recovery Ventilators Market: Competitive Dashboard
14.2 Global Mechanical Energy Recovery Ventilators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Controls
14.3.2 Daikin Industries
14.3.3 Trane
14.3.4 Nortek
14.3.5 Carrier (United Technologies)
14.3.6 Lennox International
14.3.7 Mitsubishi Electric
14.3.8 Greenheck
14.3.9 FUJITSU
14.3.10 Zehnder
14.3.11 LG Electronics
14.3.12 Renewaire
14.3.13 Ostberg
