Global Energy Recovery Ventilator Market Report and Forecast 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