Global Energy Recovery Ventilator Market to Grow at a CAGR of 9.7% During the Period 2024-2032, Driven by Advanced Solutions

The global energy recovery ventilator market is expected to be driven by increased stress on air quality by homeowners and builders. Modern solutions by leading companies offering fresh, filtered air to keep occupants healthy are likely to boost market growth. Further, advantages afforded by energy recovery ventilators are expected to help market growth. Key advantages include filtration and removal of toxins and contaminants, better air quality for breathing, reduced reliance on air conditioning, less odours, better energy efficiency, and consistent temperatures, among others. North America, Europe and Asia are likely to be key markets.

Key Industry Developments

In 2019, Carrier energy recovery ventilators (ERVs) became available in Aero 39M commercial air-handling units up 31,000 cfm. After the previous year’s reinvention of the Aero 39M, Carrier added another dimension of flexibility with the availability of the ERV section as a standard option. Such developments are expected to drive the global energy recovery ventilator market. Aero 39M air handlers provided advanced technology and custom features in a streamlined, easy-to-install package. Indoor and outdoor units were available to manage a wide variety of applications and could be installed side-by-side or in stacked configurations. Units could be equipped with HEPA filters, ECM direct drive fans, Agion® antimicrobial coating and several other options.

In 2021, Panasonic Corporation announced that Panasonic Ecology Systems Co., Ltd. (PES) and Panasonic Ecology Systems Guangdong Co., Ltd. set up the First Shunde Branch Plant, a new factory for IAQ devices like energy recovery ventilator systems and air purifiers, in the Shunde District of the City of Foshan, Guangdong Province, China, and began operations.

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In 2021, Panasonic introduced the new Intelli-Balance™ 200 Energy Recovery Ventilator (ERV) in Canada. The Intelli-Balance 200 was an ERV devised to enhance airflow in tightly built homes with both exhaust and supply air. Such solutions are expected to drive the global energy recovery ventilator market. The Intelli-Balance 200 allowed Canadian builders and homeowners to better design and meet ASHRAE 62.2 requirements, enhancing indoor air quality and decreasing ventilation costs.

Key Findings of the Report:

• The global energy recovery ventilator market is expected to be driven by the need for clean air solutions for spaces such as homes, commercial spaces, medical buildings, and schools.

• Modern solutions offering better energy efficiency and superior air quality, and enabling consistent temperatures are likely to boost market growth.

• North America, Europe and Asia are projected to be key markets.

Market Analysis by Technology Type, Application, and Region:

• By technology type, the market is segmented into Rotary Heat Exchanger, Run-Around Coil, Plate Heat Exchanger, Heat Pipe Heat Exchanger, and Others.

• By application, the market is divided into Residential, Commercial and Others.

• By region, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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