Energy Recovery Ventilator Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	120 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19260651

Best Price Guarantee
Price	from $4,850
Length	120 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19260651

Energy Recovery Ventilator Market

Growth Factors of Energy Recovery Ventilator Market

The energy recovery ventilator market size was valued at USD 3.44 billion in 2022, and the market is now projected to grow from USD 3.72 billion in 2023 to USD 6.67 billion by 2030, exhibiting a CAGR of 8.7% during the forecast period of 2023-2032.

A moderate impact from COVID-19 led to a rise in the installation of ERV systems during projected period. The COVID-19 pandemic is having a negative influence on people all around the world, and because of the abrupt lockdown, it has also ultimately disrupted production at manufacturing facilities. Citing a number of secondary sources, the decreased installation of ERVs and labor shortages caused roughly 45% of HVAC companies in the United States to lose their seasonal sales. A number of sectors suffered during the coronavirus pandemic and had significant declines until the latter part of 2020. The energy recovery ventilator market is somewhat unaffected by this, given that ventilation is required in many different areas. As a result, the market saw only minor effects from the pandemic and is expected to quickly rebound during the forecast period. Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the energy recovery ventilator market growth.

Growing concern for indoor air quality (IAQ) will increase demand for products and promote energy recovery ventilator market growth during projected period. It can also eliminate contaminants like excess moisture and home chemicals, maximize energy efficiency, reduce carbon footprint, and more. Furthermore, until recently, it was very difficult to bring in enough outside air to improve the quality of the air indoors due to the high expense of the air conditioning process. Manufacturers responded to these issues by introducing ERVs, which may reduce energy costs associated with ventilation and enhance intake of outdoor air quality. Moreover, one of the key drivers of the global market is government intervention in the construction of energy-consuming buildings and legislation pertaining to carbon emissions for both residential and commercial uses.

Building more green structures to quicken market expansion during projected period. The market for energy recovery ventilators is benefiting from the growing trend of developing environmentally friendly structures. This is related to residents becoming more conscious of their health as a result of increased emissions of harmful materials. The U.S. Green Building Council (USGBC) asserts that more energy-efficient, healthier buildings with supporting ventilation can increase building asset value by 10% and ROI by 19%.

Comprehensive Analysis of Energy Recovery Ventilator Market

The energy recovery ventilator market and machinery and equipment industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the machinery and equipment benefit management industry. These segmentations are methodically segregated by types and by application. The types segmentations include Wall-mount, Ceiling-mount, and Cabinet, By Application segmentations include Residential, Commercial, and Others.

The North America region lead the energy recovery ventilator market by benefitting a market size of USD 1.18 billion in 2023 due to strong focus on the structures indoor air quality and energy efficiency. extreme weather, including hurricanes, hailstorms, and a lot of snowfall.

The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, Carrier (United Technologies) (U.S.), Johnson Controls (Ireland), Daikin Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), LG Electronics (South Korea), Nortek Air Solutions, LLC (U.S.), Lennox International Inc. (U.S.), Greenheck Fan Corporation (U.S.), Fujitsu Limited (Japan), Zehnder Group AG (Switzerland), these market players provide a level-playing competitive landscape.

In August 2022, Mitsubishi Electric Corporation debuted a broader range of goods at ARBS 2022 with the goal of improving home air conditioning. The business debuted new products that make use of ducted and split system technology, demonstrating their broad knowledge of energy recovery ventilators and air treatment.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 8.7% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Type

Wall-mount

Ceiling-mount

Cabinet

By Application

Residential

Commercial

Others (Industrial)

By Region

North America (By Type, By Application, and By Country)

U.S. (By Application)

Canada (By Application)

Europe (By Type, By Application, and By Country)

Germany (By Application)

U.K. (By Application)

France (By Application)

Rest of Europe

Asia Pacific (By Type, By Application, and By Country)

China (By Application)

Japan (By Application)

India (By Application)

Southeast Asia (By Application)

Rest of Asia Pacific

Middle East and Africa (By Type, By Application, and By Country)

GCC (By Application)

South Africa (By Application)

Rest of Middle East & Africa

Latin America (By Type, By Application, and By Country)

Brazil (By Application)

Mexico (By Application)

Rest of Latin America

1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends; 3.3. Impact of COVID-19
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Energy Recovery Ventilator Market Key Players Market Share/Ranking, 2022
5. Global Energy Recovery Ventilator Market Size Estimates and Forecasts, By Segments, 2019-2030: 5.1. Key Findings; 5.2. By Type (USD); 5.2.1. Wall-Mount; 5.2.2. Ceiling-Mount; 5.2.3. Cabinet; 5.3. By Application (USD); 5.3.1. Residential; 5.3.2. Commercial; 5.3.3. Others (Industrial); 5.4. By Region (USD); 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Middle East & Africa; 5.4.5. Latin America
6. North America Energy Recovery Ventilator Market Size Estimates and Forecasts, By Segments, 2019-2030: 6.1. Key Findings; 6.2. By Type (USD); 6.2.1. Wall-Mount; 6.2.2. Ceiling-Mount; 6.2.3. Cabinet; 6.3. By Application (USD); 6.3.1. Residential; 6.3.2. Commercial; 6.3.3. Others (Industrial); 6.4. By Country (USD); 6.4.1. United States; 6.4.1.1. By Application; 6.4.1.1.1. Residential; 6.4.1.1.2. Commercial; 6.4.1.1.3. Others (Industrial); 6.4.2. Canada; 6.4.2.1. By Application; 6.4.2.1.1. Residential; 6.4.2.1.2. Commercial; 6.4.2.1.3. Others (Industrial)
7. Europe Energy Recovery Ventilator Market Size Estimates and Forecasts, By Segments, 2019-2030: 7.1. Key Findings; 7.2. By Type (USD); 7.2.1. Wall-Mount; 7.2.2. Ceiling-Mount; 7.2.3. Cabinet; 7.3. By Application (USD); 7.3.1. Residential; 7.3.2. Commercial; 7.3.3. Others (Industrial); 7.4. By Country (USD); 7.4.1. United Kingdom; 7.4.1.1. By Application; 7.4.1.1.1. Residential; 7.4.1.1.2. Commercial; 7.4.1.1.3. Others (Industrial); 7.4.2. Germany; 7.4.2.1. By Application; 7.4.2.1.1. Residential; 7.4.2.1.2. Commercial; 7.4.2.1.3. Others (Industrial); 7.4.3. France; 7.4.3.1. By Application; 7.4.3.1.1. Residential; 7.4.3.1.2. Commercial; 7.4.3.1.3. Others (Industrial); 7.4.4. Rest of Europe
8. Asia Pacific Energy Recovery Ventilator Market Size Estimates and Forecasts, By Segments, 2019-2030: 8.1. By Type (USD); 8.1.1. Wall-Mount; 8.1.2. Ceiling-Mount; 8.1.3. Cabinet; 8.2. By Application (USD); 8.2.1. Residential; 8.2.2. Commercial; 8.2.3. Others (Industrial); 8.3. By Country (USD); 8.3.1. China; 8.3.1.1. By Application; 8.3.1.1.1. Residential; 8.3.1.1.2. Commercial; 8.3.1.1.3. Others (Industrial); 8.3.2. India; 8.3.2.1. By Application; 8.3.2.1.1. Residential; 8.3.2.1.2. Commercial; 8.3.2.1.3. Others (Industrial); 8.3.3. Japan; 8.3.3.1. By Application; 8.3.3.1.1. Residential; 8.3.3.1.2. Commercial; 8.3.3.1.3. Others (Industrial); 8.3.4. South East Asia; 8.3.4.1. By Application; 8.3.4.1.1. Residential; 8.3.4.1.2. Commercial; 8.3.4.1.3. Others (Industrial); 8.3.5. Rest of Asia Pacific
9. Middle East & Africa Energy Recovery Ventilator Market Size Estimates and Forecasts, By Segments, 2019-2030: 9.1. Key Findings; 9.2. By Type (USD); 9.2.1. Wall-Mount; 9.2.2. Ceiling-Mount; 9.2.3. Cabinet; 9.3. By Application (USD); 9.3.1. Residential; 9.3.2. Commercial; 9.3.3. Others (Industrial); 9.4. By Country (USD); 9.4.1. GCC; 9.4.1.1. By Application; 9.4.1.1.1. Residential; 9.4.1.1.2. Commercial; 9.4.1.1.3. Others (Industrial); 9.4.2. South Africa; 9.4.2.1. By Application; 9.4.2.1.1. Residential; 9.4.2.1.2. Commercial; 9.4.2.1.3. Others (Industrial); 9.4.3. Rest of MEA
10. Latin America Energy Recovery Ventilator Market Size Estimates and Forecasts, By Segments, 2019-2030: 10.1. Key Findings; 10.2. By Type (USD); 10.2.1. Wall-Mount; 10.2.2. Ceiling-Mount; 10.2.3. Cabinet; 10.3. By Application (USD); 10.3.1. Residential; 10.3.2. Commercial; 10.3.3. Others (Industrial); 10.4. By Country (USD); 10.4.1. Brazil; 10.4.1.1. By Application; 10.4.1.1.1. Residential; 10.4.1.1.2. Commercial; 10.4.1.1.3. Others (Industrial); 10.4.2. Mexico; 10.4.2.1. By Application; 10.4.2.1.1. Residential; 10.4.2.1.2. Commercial; 10.4.2.1.3. Others (Industrial); 10.4.3. Rest of Latin America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. Carrier; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Johnson Control; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Daikin Industries; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. Mitsubishi Electric Corporation; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. LG Electronics; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. Nortek Air Solutions; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. Lennox International Inc.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. Greenheck Fan Corporation; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. Fujitsu Limited; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. Zehnder Group AG; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments