Global Energy Recovery Ventilation Systems Market: Overview

Energy recovery ventilation systems are used to save energy by reducing the need to heat or cool the outside air. Heating, Ventilating, and Air Conditioning systems is one of the major contributors to the peak use of electricity when a utility is required to produce the most energy and when rates are the highest. An ERV system can help lower the peak demand for electricity in a building by reducing the necessity for heating and cooling. This lowers the electricity bill even more, as less power is required during times when rates are the highest. Moreover, energy recovery ventilation systems improve humidity control, as they can pre-dry the incoming ventilation air. ERV systems encourage building operators to increase the amount of the outside ventilation air and improve quality of the indoor air.

ERV systems also allow building operators to meet simplified building codes for consistent increase in energy consumption. Thus, providing appropriate ventilation to residential or commercial buildings augments the energy recovery ventilation systems market. In line with this, ERV systems are cost-effective and costs incurred for their installation are relatively stable. This is likely to drive the market in the near future. Moreover, ERV systems can be integrated easily into the pre-design ductwork of a building being construction so as to achieve proper ventilation.

Global Energy Recovery Ventilation Systems Market: Key Segments

The energy recovery ventilation systems market can be segmented based on type, application, and region. Based on type, the market can be segmented into heat pipe heat exchangers, plate heat exchangers, run-around coils, and rotary heat exchangers. The plate heat exchangers segment accounted for a major energy recovery ventilation systems market share in 2017 and is likely to gain market share in the near future. This is attributable to high efficiency of plate heat exchangers in terms of heat transfer, their compact design, and ease of their maintenance. Based on application, the market can be divided into commercial, residential, and others. The commercial segment held a key share of the energy recovery ventilation systems market in 2017. Growth of the commercial segment can be attributed to increasing use of ERV systems in commercial applications. Moreover, increasing number of green buildings, stringent government regulations to reduce energy consumption in buildings, and rising demand for highly efficient energy recovery ventilators across the globe are promoting growth of the energy recovery ventilation systems market in commercial and residential application segments.

Based on region, the global energy recovery ventilation systems market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America accounted for a key share of the global energy recovery ventilation systems market in 2017. High rate of adoption and presence of a large number of manufacturers of energy recovery ventilators in the region are key factors driving the energy recovery ventilation systems market in North America. In addition to this, implementation of several policies related to air quality management is anticipated to fuel the market in the region in the near future. North America is followed by Europe and Asia Pacific. Asia Pacific is also expected to gain a considerable share in the global market for energy recovery ventilation systems in the next few years. However, lack of awareness about benefits offered by energy recovery ventilators and high initial costs involved in the procurement, installation, and maintenance of these systems are expected to hinder the global energy recovery ventilation systems market during the forecast period.

Global Energy Recovery Ventilation Systems Market: Key Players

Key players operating in the global energy recovery ventilation systems market are Mitsubishi Electric Corporation, Daikin, Trane, Panasonic Corporation, Lennox International Inc., LG Electronics, Zehnder, Johnson Controls, Renewaire, Munters, FUJITSU GENERAL, Ostberg, Carrier Corporation, Nortek Air Solutions, and Greenheck Fan.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Energy Recovery Ventilation Systems Market

Pre Book