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Global Energy Recovery Ventilator Market: By Technology Type: Rotary Heat Exchanger, Run-Around Coil, Plate Heat Exchanger, Heat Pipe Heat Exchanger, Others; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Energy Recovery Ventilator Market Outlook

The global energy recovery ventilator market is expected to grow at a CAGR of 10.4% during the period 2022-2027. The market is expected to be driven by increased emphasis on air quality by homeowners and builders. Modern solutions offering fresh, filtered air to keep occupants healthy are likely to boost market growth. North America, Europe and Asia are likely to be key markets.

 

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

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

 

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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology Type
  • Application
  • Region
Breakup by Technology Type
  • Rotary Heat Exchanger
  • Run-Around Coil
  • Plate Heat Exchanger
  • Heat Pipe Heat Exchanger
  • Others
Breakup by Application
  • Residential
  • Commercial
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Panasonic Corporation
  • LG Electronics
  • Johnson Controls, Inc.
  • Fujitsu General Limited
  • Carrier Global Corporation
  • Nortek Air Solutions, LLC
  • Others
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Energy Recovery Ventilator Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Energy Recovery Ventilator Historical Market (2017-2021) 
    8.3    Global Energy Recovery Ventilator Market Forecast (2022-2027)
    8.4    Global Energy Recovery Ventilator Market by Technology Type
        8.4.1    Rotary Heat Exchanger
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Run-Around Coil
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Plate Heat Exchanger
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Heat Pipe Heat Exchanger
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Global Energy Recovery Ventilator Market by Application
        8.5.1    Residential
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Commercial
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Others
    8.6    Global Energy Recovery Ventilator Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Panasonic Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    LG Electronics
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Johnson Controls, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Fujitsu General Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Carrier Global Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Nortek Air Solutions, LLC
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Energy Recovery Ventilator Market: Key Industry Highlights, 2017 and 2021
2.    Global Energy Recovery Ventilator Historical Market: Breakup by Technology Type (USD Million), 2017-2021
3.    Global Energy Recovery Ventilator Market Forecast: Breakup by Technology Type (USD Million), 2022-2027
4.    Global Energy Recovery Ventilator Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global Energy Recovery Ventilator Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global Energy Recovery Ventilator Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Energy Recovery Ventilator Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Energy Recovery Ventilator Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Energy Recovery Ventilator Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Energy Recovery Ventilator Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Energy Recovery Ventilator Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Energy Recovery Ventilator Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Energy Recovery Ventilator Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Energy Recovery Ventilator Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Energy Recovery Ventilator Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Energy Recovery Ventilator Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Energy Recovery Ventilator Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Energy Recovery Ventilator Market Structure

Key Questions Answered in the Report

The global energy recovery ventilator market is projected to grow at a CAGR of 10.4% between 2022 and 2027.

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.

Analyst Review

The global energy recovery ventilator market was driven by the increased emphasis on air quality in the historical period. Aided by the growing number of green buildings and rising awareness amongst people regarding indoor environmental quality, the market is expected to grow at a CAGR of 10.4% in the forecast period of 2022-2027.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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 of the market are residential and commercial, among others. The major regional markets for energy recovery ventilator are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the market are Panasonic Corporation, LG Electronics, Johnson Controls, Inc., Fujitsu General Limited, Carrier Global Corporation, and Nortek Air Solutions, LLC, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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