Energy Recovery Ventilator Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020-2026

Description

Energy recovery ventilation (ERV) is the energy recovery process of exchanging the energy where the ventilation unit is enclosed generally in exhausted building/space air and utilizing it to treat or precondition the entering outdoor ventilation air in commercial and residential HVAC (Heating, Ventilation, Air Conditioning) systems.The global demand for the Energy Recovery Ventilator Market was valued at USD 2.39 Billion in 2019 is expected to reach USD 5.07 Billion in 2026 and is anticipated to grow at a CAGR of 11.4% between 2020 and 2026.

Global Energy Recovery Ventilator Market: Overview

Energy recovery ventilator (ERV) is installed in places where high concentrations of people are present and there is a need for sufficient fresh air. It helps in lowering the utility expenses and recover energy in the building. Energy recovery ventilator allows fresh air into the building, lowers the CO2 levels, and keeps the residents healthy and alert. It also assists in controlling odors, where the stale air is exhausted out and fresh air is permitted inside the building. It equalizes the pressure by allowing fresh air into the building and the conditioned air is exhausted out. Energy recovery ventilator maintains cool energy in the summer and warm energy in the winter. It reduces the total HVAC equipment capacity and improves indoor air quality. Energy recovery ventilator offers benefits such as meeting the energy standards and ASHRAE ventilation.

Global Energy Recovery Ventilator Market: Growth Factors

Growing awareness among people regarding indoor environmental quality is driving the global energy recovery ventilator market growth. Energy recovery ventilator offers benefits such as it enhances internal air quality without consuming much energy. Increasing government investments on the research and development activities and the product differentiation in energy recovery ventilator opens up new growth opportunities. It is used in various applications such as residential, commercial, and industrial sectors. Conversely, the high cost that is associated with these ventilators may restrain the global energy recovery ventilator market growth to some extent.

Global Energy Recovery Ventilator Market: Segmentation

The application segment of the energy recovery ventilator market is classified into residential, commercial, industrial, and others. The industrial sector is the largest among others in the energy recovery ventilator market. The changing inclination in the industrial sector towards employee welfare and working conditions has resulted in the dominance of the segment. Based on technology, the global market is fragmented into a run-around coil, rotary heat exchange, heat pipe heat exchanger, plate heat exchange, and others. The geographical segmentation includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global Energy Recovery Ventilator Market: Regional Analysis

North America dominates the market owing to the presence of a pool of energy recovery ventilator manufacturers and the high adoption rate is expected to drive the global energy recovery ventilator market. Imposition of the various norms and policies regarding air quality management anticipates boosting the global market growth in this region. Growing concerns regarding the greenhouse gas emissions, favorable economic growth in the US, and the increasing government support through federal tax credit projects to propel the market in various applications across several sectors such as commercial and residential. Europe is emerging as a potential market for energy recovery ventilator. Rising demand, increasing population, and the increase in the disposal income in the Asia Pacific region motives the growth of the market in the coming years.

Global Energy Recovery Ventilator Market: Competitive Players

The major participant’s that are operating in the global energy recovery ventilator market includes Airxchange Inc., United Technologies Corp., Blue Star Ltd., Nortek Inc., LG Electronics., Johnson Controls International Plc., Fujitsu Ltd., Mitsubishi Electric Corp. Ltd., Munters Corp., and Daikin industries Ltd.

Global Energy Recovery Ventilator Market: Regional Segment Analysis

North America
- U.S.
Europe
- UK
- France
- Germany
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
The Middle East and Africa
What Report Provides
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.

Chapter 1 Preface

1.1 Report Description
1.1 Report Scope

Chapter 2 Research Methodulogy

2.1 Research Methodulogy
2.2 Secondary Research
2.3 Primary Research
2.4 Models
- 2.4.1 Company Share Analysis Model
- 2.4.2 Revenue Based Modeling
2.5 Research Limitations

Chapter 3 Executive Summary

3.1 Global Energy Recovery Ventilator Market, 2016 – 2026 (USD Million)
3.2 Global Energy Recovery Ventilator Market: Snapshot

Chapter 4 Energy Recovery Ventilator Market – Industry Analysis

4.1 Introduction
4.2 Market Drivers
- 4.2.1 Driving Factor 1 Analysis
- 4.2.2 Driving Factor 2 Analysis:
4.3 Market Restraints
- 4.3.1 Restraining Factor Analysis
4.4 Market Opportunities
- 4.4.1 Market Opportunity & Use-case Anaysis
- 4.4.2 Use – Cases for Energy Recovery Ventilator
4.5 Porter’s Five Forces Analysis
4.6 COVID 19 Impact Analysis

Chapter 5 Investment Proposition Analysis

5.1 Global Energy Recovery Ventilator Market Attractiveness, By Technulogy Type
5.2 Global Energy Recovery Ventilator Market Attractiveness, By Application
5.3 Global Energy Recovery Ventilator Market Attractiveness, By Region

Chapter 6 Competitive Landscape

6.1 Company Market Share Analysis - 2019
- 6.1.1 Global Energy Recovery Ventilator Market: Company Market Share, 2019
6.2 Strategic Developments

Chapter 7 Energy Recovery Ventilator Market – Technulogy Type Segment Analysis

7.1 Global Energy Recovery Ventilator Market Overview: by Technulogy Type
- 7.1.1 Global Energy Recovery Ventilator Market Revenue Share, by Technulogy Type, 2019 & 2026
7.2 Global Energy Recovery Ventilator Market Analysis/Overview – By Technulogy Type
- 7.2.1 Plate Heat Exchanger – Overview/Analysis
- 7.2.2 Rotary Heat Exchanger – Overview/Analysis
- 7.2.3 Run-Around Coil – Overview/Analysis
- 7.2.4 Others – Overview/Analysis
7.3 Plate Heat Exchanger
- 7.3.1 Global Energy Recovery Ventilator Market for Plate Heat Exchanger, Revenue (USD Million) 2016 - 2026
7.4 Rotary Heat Exchanger
- 7.4.1 Global Energy Recovery Ventilator Market for Rotary Heat Exchanger, Revenue (USD Million) 2016 - 2026
7.5 Run-Around Coil
- 7.5.1 Global Energy Recovery Ventilator Market for Run-Around Coil, Revenue (USD Million) 2016 - 2026
7.6 Others
- 7.6.1 Global Energy Recovery Ventilator Market for Others, Revenue (USD Million) 2016 - 2026

Chapter 8 Energy Recovery Ventilator Market – Application Segment Analysis

8.1 Global Energy Recovery Ventilator Market Overview: by Application
- 8.1.1 Global Energy Recovery Ventilator Market Revenue Share, by Application, 2019 & 2026
8.2 Global Energy Recovery Ventilator Market Analysis/Overview – By Application
- 8.2.1 Commercial – Overview/Analysis
- 8.2.2 Residential – Overview/Analysis
- 8.2.3 Others – Overview/Analysis
8.3 Commercial
- 8.3.1 Global Energy Recovery Ventilator Market for Commercial, Revenue (USD Million) 2016 - 2026
8.4 Residential
- 8.4.1 Global Energy Recovery Ventilator Market for Residential, Revenue (USD Million) 2016 - 2026
8.5 Others
- 8.5.1 Global Energy Recovery Ventilator Market for Others, Revenue (USD Million) 2016 - 2026

Chapter 9 Energy Recovery Ventilator Market – Regional Analysis

9.1 Global Energy Recovery Ventilator Market: Regional Overview
- 9.1.1 Global Energy Recovery Ventilator Market Revenue Share, by Region, 2019 & 2026
- 9.1.2 Global Energy Recovery Ventilator Market Revenue, by Region, 2016 – 2026 (USD Million)
9.2 North America
- 9.2.1 North America Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
- 9.2.2 North America Energy Recovery Ventilator Market Revenue, by Country, 2016 – 2026 (USD Million)
- 9.2.3 North America Energy Recovery Ventilator Market Revenue, by Technulogy Type, 2016 – 2026
- 9.2.4 North America Energy Recovery Ventilator Market Revenue, by Application, 2016 – 2026
- 9.2.5 U.S.
- 9.2.6 Canada
9.3 Europe
- 9.3.1 Europe Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
- 9.3.2 Europe Energy Recovery Ventilator Market Revenue, by Country, 2016 – 2026 (USD Million)
- 9.3.3 Europe Energy Recovery Ventilator Market Revenue, by Technulogy Type, 2016 – 2026
- 9.3.4 Europe Energy Recovery Ventilator Market Revenue, by Application, 2016 – 2026
- 9.3.5 Germany
- 9.3.6 France
- 9.3.7 U.K.
- 9.3.8 Italy
- 9.3.9 Spain
- 9.3.10 Rest of Europe
9.4 Asia Pacific
- 9.4.1 Asia Pacific Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
- 9.4.2 Asia Pacific Energy Recovery Ventilator Market Revenue, by Country, 2016 – 2026 (USD Million)
- 9.4.3 Asia Pacific Energy Recovery Ventilator Market Revenue, by Technulogy Type, 2016 – 2026
- 9.4.4 Asia Pacific Energy Recovery Ventilator Market Revenue, by Application, 2016 – 2026
- 9.4.5 China
- 9.4.6 Japan
- 9.4.7 India
- 9.4.8 South Korea
- 9.4.9 South-East Asia
- 9.4.10 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Latin America Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
- 9.5.2 Latin America Energy Recovery Ventilator Market Revenue, by Country, 2016 – 2026 (USD Million)
- 9.5.3 Latin America Energy Recovery Ventilator Market Revenue, by Technulogy Type, 2016 – 2026
- 9.5.4 Latin America Energy Recovery Ventilator Market Revenue, by Application, 2016 – 2026
- 9.5.5 Brazil
- 9.5.6 Rest of Latin America
9.6 The Middle-East and Africa
- 9.6.1 The Middle-East and Africa Energy Recovery Ventilator Market Revenue, 2016 - 2026 (USD Million)
- 9.6.2 The Middle-East and Africa Energy Recovery Ventilator Market Revenue, by Country, 2016 – 2026 (USD Million)
- 9.6.3 The Middle-East and Africa Energy Recovery Ventilator Market Revenue, by Technulogy Type, 2016 – 2026
- 9.6.4 The Middle-East and Africa Energy Recovery Ventilator Market Revenue, by Application, 2016 – 2026
- 9.6.5 GCC Countries
- 9.6.6 South Africa
- 9.6.7 Rest of Middle-East Africa

Chapter 10 Company Profiles

10.1 Mitsubishi Electric Corporation
- 10.1.1 Company Overview
- 10.1.2 Financial Overview
- 10.1.3 Product Portfulio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
10.2 Daikin
10.3 Panasonic Corporation
10.4 LG Electronics
10.5 Johnson Contruls
10.6 Munters
10.7 FUJITSU GENERAL
10.8 Carrier Corporation
10.9 Nortek Air Sulutions
10.10 Greenheck Fan