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Global Energy Recovery Ventilator Market Size, Trends, Forecast: By Technology Type: Rotatory Heat Exchanger, Run-Around Coil, Plate Heat Exchanger, Heat Pipe Heat Exchanger, Others; By Type: Ceiling Mount, Wall-Mount, Cabinet; By Application: Residential, Industrial, Commercial, Others; Regional Analysis; Supplier Landscape; 2024-2032
Global Energy Recovery Ventilator Market Outlook
The global energy recovery ventilator market value was USD 3.84 billion in 2023, driven by the stringent energy efficiency regulations structure across the globe. The market size is anticipated to grow at a CAGR of 9.7% during the forecast period of 2024-2032 to achieve a value of USD 8.83 billion by 2032.
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Global Market Likely to be Driven by Need for Clean Air Solutions for Homes, Commercial Spaces, Medical Buildings, and Schools
Homes and buildings are increasingly being built or renewed so as to save energy. Sealing gaps and cracks stops air exchange air with the outside, conserving energy and enhancing comfort. However, in tight homes and building without adequate ventilation, airborne contaminants get caught indoors, and may compromise the health of residents. High indoor air quality warrants a way for excess moisture and contaminants to escape the indoors and for fresh air to enter. Energy recovery ventilators (ERVs) offer clean air solutions for homes, commercial spaces, medical buildings, and schools.
Pet dander, volatile organic compounds (VOCs), mould, dust, and excess carbon dioxide lead to poor indoor air quality in several homes and businesses. Such low-quality air may lead to fatigue, respiratory issues, headaches, dizziness, and difficulty in concentrating. Indeed, bad indoor air-quality is considered a significant environmental health risk. On the other hand, clean indoor air is linked to restful sleep, lesser allergy or asthma symptoms, better concentration, and a strong immune system. A good ventilation strategy is thus important to ensure that stale, contaminated air is replaced by fresh air.
Energy recovery ventilators are generally installed in climates featuring dry winters and/or humid summers. During winters, an energy recovery ventilator helps maintain humidity levels in an appropriate range by capturing moisture from the exhaust air and transferring it to the intake air. In summers, moisture from the intake air is transferred to the exhaust air, decreasing moisture levels. On the other hand, heat recovery ventilators (HRVs) are used where homes experience elevated humidity in the winter and/or low summer humidity. Also, heat recovery ventilators may be a better option where occupation is dense (several inhabitants) and there are many pets or large aquariums as these lead to greater humidity into a house.
Efficient Solutions by Leading Companies Likely to Boost Market Growth
Modern solutions by major companies are expected to drive the global energy recovery ventilator market. Companies like Zehnder offer energy recovery ventilation systems that extract stale air from the kitchen, bathrooms, laundry room, and mechanical room and supply fresh, filtered air to bedrooms and living spaces. According to the company, numerous projects with Zehnder ComfoAir systems have exhibited a significant decrease in the levels of carbon dioxide, VOCs, particles, microbes, humidity, and odours. Solutions include Ventilator-CA-200-ERV-L-PH-EU, Ventilator-CA-200-ERV-L-PH-EU, Ventilator-CA-350-ERV-TR-SI, Ventilator-CA-350-ERV-R-PH, Ventilator-CA-550-ERV-L, Ventilator-CA-200-ERV-L, and others.
UltimateAir offers ventilation solutions that bring fresh air into the home without losing heating or cooling energy. UltimateAir offers energy-efficient whole-house fresh air and filtration products. The company offers ERV fresh air exchange systems devised to continually exchange stale air in the home with fresh, highly filtered air, while exhausting toxins and allergens that may otherwise get trapped in the house all year round.
Ruskin's energy recovery ventilators recapture conditioned air to decrease energy use in HVAC systems. Today, buildings need to be as energy efficient as possible, and the design of the HVAC system is vital to the success of the building’s energy performance. Proper ventilation for residents’ health and productivity must also be addressed. The company’s offerings include EVT-009 AND EVT-019ENERVENT+ ERV WITH HEATING AND COOLING (600-1900 CFM), EVT-028 AND EVT-036ENERVENT+ ERV WITH HEATING AND COOLING (1600-3600 CFM), EVT-046 AND EVT-062ENERVENT+ ERV WITH HEATING AND COOLING (3000-6200 CFM), EVT-074 AND EVT-088ENERVENT+ ERV WITH HEATING AND COOLING (5400-8800 CFM), EVT-100 AND EVT-120ENERVENT+ ERV WITH HEATING AND COOLING (7600-12000 CFM), EVT-DENERVENT OUTDOOR ERV, DOWNFLOW (300-12000 CFM), EVT-MENERVENT INDOOR ERV, SIDE BY SIDE (300-6200 CFM), and others.
Advantages of Energy Recovery Ventilators Expected to Stimulate the Market
Advantages afforded by energy recovery ventilators are expected to contribute to growth of global energy recovery ventilator market. Key advantages of setting up an energy recovery ventilator include:
- Filtration and removal of formaldehydes, allergens, contaminants and other toxins from indoor spaces.
- Improved respiration for individuals suffering from asthma.
- Decreased reliance on air conditioning (through systems such as EconoCool).
- Decreased cooking, bathroom, and pet odours.
- Reduced mould and mildew risks.
- Better energy efficiency.
- Decreased frequency of the need to dust indoor space due to less build-up of pollen, pet dander, and other materials.
- Consistent temperatures across rooms.
- Better sleep due to fresher, cycled air.
- Enhanced HVAC system life.
Market Segmentation
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By technology type, the market is segmented into:
- Rotary Heat Exchanger
- Run-Around Coil
- Plate Heat Exchanger
- Heat Pipe Heat Exchanger
- Others
By application, the market is divided into:
- Residential
- Commercial
- Others
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Market
The report presents a detailed analysis of the following key players in the global energy recovery ventilator market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Panasonic Corporation
- LG Electronics
- Johnson Controls, Inc.
- Fujitsu General Limited
- Carrier Global Corporation
- Nortek Air Solutions, LLC
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology Type |
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Energy Recovery Ventilator Market Overview
3.1 Global Energy Recovery Ventilator Market Historical Value (2017-2023)
3.2 Global Energy Recovery Ventilator Market Forecast Value (2024-2032)
4 Global Energy Recovery Ventilator Market Landscape
4.1 Global Energy Recovery Ventilator Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Energy Recovery Ventilator Product Landscape
4.2.1 Analysis by Technology Type
4.2.2 Analysis by Type
4.2.3 Analysis by Application
5 Global Energy Recovery Ventilator Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Energy Recovery Ventilator Market Segmentation
6.1 Global Energy Recovery Ventilator Market by Technology Type
6.1.1 Market Overview
6.1.2 Rotatory Heat Exchanger
6.1.3 Run-Around Coil
6.1.4 Plate Heat Exchanger
6.1.5 Heat Pipe Heat Exchanger
6.1.6 Others
6.2 Global Energy Recovery Ventilator Market by Type
6.2.1 Market Overview
6.2.2 Ceiling Mount
6.2.3 Wall-Mount
6.2.4 Cabinet
6.3 Global Energy Recovery Ventilator Market by Application
6.3.1 Market Overview
6.3.2 Residential
6.3.3 Industrial
6.3.4 Commercial
6.3.5 Others
6.4 Global Energy Recovery Ventilator Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Energy Recovery Ventilator Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Energy Recovery Ventilator Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Energy Recovery Ventilator Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Energy Recovery Ventilator Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Energy Recovery Ventilator Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Panasonic Corporation
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 LG Electronics
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Johnson Controls, Inc.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Fujitsu General Limited
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Carrier Global Corporation
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Nortek Air Solutions, LLC
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Reznor HVAC
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Ostberg Group AB
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Zehnder America
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Ruskin Rooftop Systems
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Loren Cook Company
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Greenheck Fan Corporation
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Broan-Nutone, LLC
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 Dunnair (AUST) PTY LTD
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 PASCHAL International
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
18 Global Energy Recovery Ventilator Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
Globally, energy recovery ventilator market reached a value of USD 3.84 billion in 2023.
Over the forecast period of 2024-2032, the market is projected to grow at a CAGR of 9.7% to reach USD 8.83 billion.
The major drivers of the market include the growing demand to reduce energy consumption in residential and commercial buildings, growing number of green buildings, rising awareness amongst people regarding indoor environmental quality, several innovations in energy recovery ventilator, and rising disposal income.
Increased emphasis on air quality and modern solutions offering fresh and filtered air are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on technology type, the market is segmented into rotary heat exchanger, run-around coil, plate heat exchanger, and heat pipe heat exchanger, among others.
The significant applications sectors of the market are residential and commercial sectors, among others.
The major players in the industry are Panasonic Corporation, LG Electronics, Johnson Controls, Inc., Fujitsu General Limited, Carrier Global Corporation, and Nortek Air Solutions, LLC, among others.
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