Global Heat and Energy Recovery Ventilation System Market 2024-2028

The heat and energy recovery ventilation system market is forecasted to grow by USD 1,772.79 mn during 2023-2028, accelerating at a CAGR of 8.17% during the forecast period. The report on the heat and energy recovery ventilation system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for heat and energy recovery ventilation system due to awareness of indoor air quality, increasing demand due to sustainability initiatives, and advancements in heat exchanger technology and control systems.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.66%
CAGR	8.17%
Incremental Value	$1.77bn

Technavio's heat and energy recovery ventilation system market is segmented as below:

By Type

Ceiling-mounted
Wall-mounted
Cabinet-mounted

By End-user

Commercial
Residential
Industrial

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the integration of heat and energy recovery ventilation system with smart building technologies and internet of things as one of the prime reasons driving the heat and energy recovery ventilation system market growth during the next few years. Also, rising adoption of real-time air quality sensors for ventilation and growing development of hybrid ventilation systems will lead to sizable demand in the market.

The report on the heat and energy recovery ventilation system market covers the following areas:

Heat and energy recovery ventilation system market sizing
Heat and energy recovery ventilation system market forecast
Heat and energy recovery ventilation system market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heat and energy recovery ventilation system market vendors that include Airxchange Inc., Carrier Global Corp., Daikin Industries Ltd., Dais Corp., Fujitsu General Ltd., Greenheck Fan Corp., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Loren Cook Co., Mitsubishi Electric Corp., Munters Group AB, Nortek Air Solutions LLC, Ostberg Group AB, Panasonic Holdings Corp., Paschal Air Plumbing and Electric., S and P SISTEMAS DE VENTILACION S.L.U., Trane Technologies plc, Zehnder Group AG, and KARYER Heat Transfer San. and Tic. Inc.. Also, the heat and energy recovery ventilation system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76778

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global heat and energy recovery ventilation system market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global heat and energy recovery ventilation system market 2018 - 2022 ($ billion)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Ceiling-mounted - Market size and forecast 2023-2028
Exhibit 34: Chart on Ceiling-mounted - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Ceiling-mounted - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Ceiling-mounted - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Ceiling-mounted - Year-over-year growth 2023-2028 (%)
6.4 Wall-mounted - Market size and forecast 2023-2028
Exhibit 38: Chart on Wall-mounted - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Wall-mounted - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Wall-mounted - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Wall-mounted - Year-over-year growth 2023-2028 (%)
6.5 Cabinet-mounted - Market size and forecast 2023-2028
Exhibit 42: Chart on Cabinet-mounted - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Cabinet-mounted - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Cabinet-mounted - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Cabinet-mounted - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Type
Exhibit 46: Market opportunity by Type ($ billion)
Exhibit 47: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 50: Chart on Comparison by End-user
Exhibit 51: Data Table on Comparison by End-user
7.3 Commercial - Market size and forecast 2023-2028
Exhibit 52: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.4 Residential - Market size and forecast 2023-2028
Exhibit 56: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.5 Industrial - Market size and forecast 2023-2028
Exhibit 60: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 64: Market opportunity by End-user ($ billion)
Exhibit 65: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Canada - Market size and forecast 2023-2028
Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Carrier Global Corp.
Exhibit 119: Carrier Global Corp. - Overview
Exhibit 120: Carrier Global Corp. - Business segments
Exhibit 121: Carrier Global Corp. - Key news
Exhibit 122: Carrier Global Corp. - Key offerings
Exhibit 123: Carrier Global Corp. - Segment focus
12.4 Daikin Industries Ltd.
Exhibit 124: Daikin Industries Ltd. - Overview
Exhibit 125: Daikin Industries Ltd. - Business segments
Exhibit 126: Daikin Industries Ltd. - Key news
Exhibit 127: Daikin Industries Ltd. - Key offerings
Exhibit 128: Daikin Industries Ltd. - Segment focus
12.5 Dais Corp.
Exhibit 129: Dais Corp. - Overview
Exhibit 130: Dais Corp. - Product / Service
Exhibit 131: Dais Corp. - Key offerings
12.6 Fujitsu General Ltd.
Exhibit 132: Fujitsu General Ltd. - Overview
Exhibit 133: Fujitsu General Ltd. - Product / Service
Exhibit 134: Fujitsu General Ltd. - Key offerings
12.7 Greenheck Fan Corp.
Exhibit 135: Greenheck Fan Corp. - Overview
Exhibit 136: Greenheck Fan Corp. - Product / Service
Exhibit 137: Greenheck Fan Corp. - Key offerings
12.8 Johnson Controls International Plc
Exhibit 138: Johnson Controls International Plc - Overview
Exhibit 139: Johnson Controls International Plc - Business segments
Exhibit 140: Johnson Controls International Plc - Key news
Exhibit 141: Johnson Controls International Plc - Key offerings
Exhibit 142: Johnson Controls International Plc - Segment focus
12.9 Lennox International Inc.
Exhibit 143: Lennox International Inc. - Overview
Exhibit 144: Lennox International Inc. - Business segments
Exhibit 145: Lennox International Inc. - Key news
Exhibit 146: Lennox International Inc. - Key offerings
Exhibit 147: Lennox International Inc. - Segment focus
12.10 LG Electronics Inc.
Exhibit 148: LG Electronics Inc. - Overview
Exhibit 149: LG Electronics Inc. - Product / Service
Exhibit 150: LG Electronics Inc. - Key offerings
12.11 Mitsubishi Electric Corp.
Exhibit 151: Mitsubishi Electric Corp. - Overview
Exhibit 152: Mitsubishi Electric Corp. - Business segments
Exhibit 153: Mitsubishi Electric Corp. - Key news
Exhibit 154: Mitsubishi Electric Corp. - Key offerings
Exhibit 155: Mitsubishi Electric Corp. - Segment focus
12.12 Munters Group AB
Exhibit 156: Munters Group AB - Overview
Exhibit 157: Munters Group AB - Product / Service
Exhibit 158: Munters Group AB - Key offerings
12.13 Nortek Air Solutions LLC
Exhibit 159: Nortek Air Solutions LLC - Overview
Exhibit 160: Nortek Air Solutions LLC - Product / Service
Exhibit 161: Nortek Air Solutions LLC - Key offerings
12.14 Panasonic Holdings Corp.
Exhibit 162: Panasonic Holdings Corp. - Overview
Exhibit 163: Panasonic Holdings Corp. - Business segments
Exhibit 164: Panasonic Holdings Corp. - Key news
Exhibit 165: Panasonic Holdings Corp. - Key offerings
Exhibit 166: Panasonic Holdings Corp. - Segment focus
12.15 S and P SISTEMAS DE VENTILACION S.L.U.
Exhibit 167: S and P SISTEMAS DE VENTILACION S.L.U. - Overview
Exhibit 168: S and P SISTEMAS DE VENTILACION S.L.U. - Product / Service
Exhibit 169: S and P SISTEMAS DE VENTILACION S.L.U. - Key offerings
12.16 Trane Technologies plc
Exhibit 170: Trane Technologies plc - Overview
Exhibit 171: Trane Technologies plc - Business segments
Exhibit 172: Trane Technologies plc - Key offerings
Exhibit 173: Trane Technologies plc - Segment focus
12.17 Zehnder Group AG
Exhibit 174: Zehnder Group AG - Overview
Exhibit 175: Zehnder Group AG - Business segments
Exhibit 176: Zehnder Group AG - Key offerings
Exhibit 177: Zehnder Group AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 178: Inclusions checklist
Exhibit 179: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 180: Currency conversion rates for US$
13.4 Research methodology
Exhibit 181: Research methodology
Exhibit 182: Validation techniques employed for market sizing
Exhibit 183: Information sources
13.5 List of abbreviations
Exhibit 184: List of abbreviations