The report “Energy Recovery Ventilator Market by Technology Type (Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil), Application (Commercial, Residential), and Region (NA, EU, APAC, MEA, SA) – Global Forecast to 2022”, The energy recovery ventilator market is projected to grow from USD 1.97 Billion in 2017 to USD 3.37 Billion by 2022, at a CAGR of 11.4% from 2017 to 2022. The growing need to reduce energy consumption in residential and commercial buildings, the increasing number of green buildings across the globe, and growing awareness to maintain the quality of indoor air are the key factors driving the growth of the energy recovery ventilator Industry.
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Among technology types, the plate heat exchanger segment is estimated to account for the largest share of the energy recovery ventilator market in 2017.
The plate heat exchanger technology type segment is estimated to account for the largest share of the energy recovery ventilator market in 2017. The growth of this segment of the market can be attributed to the high efficiency of plate heat exchangers to transfer heat, ease of their maintenance, and their compact design.
The commercial application segment is expected to lead the energy recovery ventilator market in 2017.
Among applications, the commercial segment is estimated to account for the largest share of the energy recovery ventilator market in 2017. Energy recovery ventilators introduce pre-tempered air into the main air conditioning units. These systems help in stabilizing the humidity levels of the indoor air in buildings. Thus, there is a high demand for these energy recovery ventilators in commercial applications.
The North American region is expected to be the largest market for energy recovery ventilators in 2017.
The North American region is estimated to account for the largest share of the energy recovery ventilator market in 2017. The growing demand for energy recovery ventilators from the residential and commercial sectors as well as formulation and implementation of various government regulations pertaining to the increased use of energy-efficient devices such as energy recovery ventilators are expected to fuel the growth of the North America energy recovery ventilator market between 2017 and 2022.
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Some of the leading players operating in the energy recovery ventilator market include Mitsubishi Electric Corporation (Japan), Daikin (Japan), Panasonic Corporation (Japan), LG Electronics (South Korea), Johnson Controls (US), Munters (Sweden), FUJITSU GENERAL (Japan), Carrier Corporation (US), Nortek Air Solutions (US), and Greenheck Fan (US), among others.
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