Energy Recovery Ventilation (ERV) is an energy recovery process that exchanges energy contained in a normally discharged building or space air and is used to treat (pre-treat) outdoor venting air entering residential and commercial HVAC systems.
Market Data Analysis:
The Energy Recovery Ventilation System market is projected to be valued at USD 2,158 million in 2019 and is anticipated to generate revenue of USD 3,483 million by the end of 2026, progressing at a GAGR of 7.08% between 2019 and 2026. Energy Recovery Ventilation System global market is significantly rising across the globe on the back of a growing demand for Energy Recovery Ventilation System in Commercial, Residential, and other end-users. Moreover, an increasing number of green buildings across the globe and growing awareness to maintain the quality of indoor air are projected to stimulate the growth of the market. With the increase of per capita income, disposable income, and living standard, the Energy Recovery Ventilation System market is expected to grow significantly over the forecast period.
North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are the key regional segments in the Energy Recovery Ventilation System global market. North America is the global market leader with a share of 31.09%, followed by Asia-Pacific and Europe, accounting for 29.11% and 28.71% respectively. The increasing demand for Energy Recovery Ventilation System in the residential and commercial sectors and formulation and implementation of various government regulations pertaining to the increased use of energy-efficient devices are factors contributing toward the growth of the Energy Recovery Ventilation System market in North America.
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Global Energy Recovery Ventilation System market: Type segments
Global Energy Recovery Ventilation System market: Application segments
The Commercial segment accounted for the largest market share in 2018 and is anticipated to show the same trend during the forecast period. This can be attributed to the increasing use of ERV systems in commercial applications. In addition, rising number of green buildings, strict government regulations to reduce building energy consumption, and growing demand for efficient energy recovery ventilation equipment across the globe are some factors driving the growth of the market in Commercial and Residential segments.
Global Energy Recovery Ventilation System market: regional segments
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Columbia)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Energy Recovery Ventilation System market, including Mitsubishi Electric Corporation, Daikin, Panasonic Corporation, LG Electronics, Johnson Controls, Munters, FUJITSU GENERAL, Carrier Corporation, Nortek Air Solutions, Greenheck Fan, etc. These participants have adopted various growth strategies to meet the growing demand for Energy Recovery Ventilation System market and to increase their market share.
Energy Recovery Ventilation System Market Intended Audience:
- Energy Recovery Ventilation System manufacturers
- Energy Recovery Ventilation System importers and exporters
- Energy Recovery Ventilation System traders, distributors, and suppliers
- Energy Recovery Ventilation System industry associations
- Product managers, Energy Recovery Ventilation System industry administrator, C-level executives of the industries
- Market Research and consulting firms
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Energy Recovery Ventilation System Market
2 Market Trends and Competitive Landscape
3 Segmentation of Energy Recovery Ventilation System Market by Types
4 Segmentation of Energy Recovery Ventilation System Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Energy Recovery Ventilation System Market in Major Countries
7 North America Energy Recovery Ventilation System Landscape Analysis
8 Europe Energy Recovery Ventilation System Landscape Analysis
9 Asia Pacific Energy Recovery Ventilation System Landscape Analysis
10 Latin America, Middle East & Africa Energy Recovery Ventilation System Landscape Analysis
11 Major Players Profile
11.1 Mitsubishi Electric Corporation
11.1.1 Mitsubishi Electric Corporation Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.3 Panasonic Corporation
11.4 LG Electronics
11.5 Johnson Controls
11.7 FUJITSU GENERAL
11.8 Carrier Corporation
11.9 Nortek Air Solutions
11.10 Greenheck Fan
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